According to the recent study the long fiber thermoplastics market is projected to reach an estimated $1.0 billion by 2025 from $0.9 billion in 2019, at a CAGR of 1.5% from 2020 to 2025. Growth in this market is primarily driven by increasing demand for lightweight materials in various end use industries as well as its performance and process benefits, such higher strength to weight ratio, recyclability, and remoldablity.
Browse 167 figures /
charts and 114 tables in this 226 -page report to understand trends,
opportunities and forecast in long fiber thermoplastics market by end use
industry (automotive, consumer goods, industrial, and others), by material form
(LFRT and D-LFT), by reinforcement type (glass fiber and carbon fiber &
others), resin type (polypropylene, polyamide, and others), and region (North
America, Europe, Asia Pacific and the Rest of the World).
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view detailed Table of Content by clicking on below link https://www.lucintel.com/long-fiber-thermoplastics-market.aspx
“LFRT market is expected to remain the largest
segment during the forecast period.”
Based on usage type, the
Long fiber thermoplastics market is segmented into LFRT and D-LFT. Lucintel
forecasts that the LFRT is expected to witness the largest segment over the
forecast period due to increasing demand in the automotive and industrial
application. The D-LFT segment is expected to witness highest growth over the
forecast period due to the growing in-line part fabrication in automotive
industry.
“Within the long fiber
thermoplastics market, the automotive segment is expected to remain the largest
end use industry.”
Based on end use
industry the automotive segment is expected to witness the largest segment over
the forecast period and it is also expected to witness highest growth during
the forecast period supported by growing automotive production and increasing
focus on thermoplastic resin based composite materials.
“Europe will dominate the long fiber thermoplastics market in near
future.”
Europe is expected to be
the largest region due to growing demand for lightweight and environmentally
sustainable composite materials. Asia Pacific is expected to witness the
highest growth during the forecast period due to the growing automotive
production and increasing focus on lightweight composite materials.
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Major players of long fiber
thermoplastics market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. SABIC, RTP Company,
Cytec Solvay Group, Chisso/JN, Borealis AG, TechnoCompound, Sambark, Xiamen,
PolyOne, and Celanese Corporation are among the major long fiber thermoplastics
providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/long-fiber-thermoplastics-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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