Short Fiber Thermoplastics Market is anticipated to grow at a CAGR of 2.2% during 2020-2025

The global short fiber thermoplastics market is projected to reach $15.1 billion by 2025, at a CAGR of 2.2% during 2020-2025. The growth of short fiber thermoplastics market is driven by growing demand for lightweight materials as well as recyclability, ease of processing, and better capability of making parts with complex geometry.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the short fiber thermoplastics market by end use industry (transportation, consumer goods, electrical/electronics, and others), fiber type (glass fiber, and carbon fiber), resin type (PP, PA, PBT, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the short fiber thermoplastics market?

Q.4 What are some changing demands of customers in the short fiber thermoplastics market?

Q.5 What are the new developments in the short fiber thermoplastics market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this short fiber thermoplastics area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this short fiber thermoplastics market?

Emerging trends, which have a direct impact on the dynamics of the industry, include development of high temperature resistance PA6 compounds to replace PA46 and PA12 and increasing use of recycled carbon fiber in SFT.

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Market Segmentation:

Based on end use industry, the short fiber thermoplastics market is segmented into transportation, consumer goods, electrical/electronics, and others. The transportation segment accounted for the largest share of the market in 2020 due to the wide application of SFT as it offers higher strength to weight ratio, recyclability, and have ability to mold complex shapes and consumer goods is expected to register the highest CAGR during the forecast period due to the increasing demand for lightweight and high performance plastics.

Europe is expected to be the largest region due to growing demand for lightweight and environmentally sustainable composite materials from the end use industries. ROW is expected to witness the highest growth rate during the forecast period due to the expected increase in vehicle production and an increasing focus on lightweight composite materials.

Key Players in the short fiber thermoplastics market are BASF, DSM, DowDuPont, SABIC, and Lanxess others. 

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

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About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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