According to a market report by Lucintel, the future of the global long fiber thermoplastics market looks promising with opportunities in the automotive, consumer goods, and industrial goods end use industry. The global long fiber thermoplastics market is expected to grow with a CAGR of 4% from 2024 to 2031. The major drivers for this market are the increasing demand for lightweight parts with high performance benefits in the automotive industry helped to boost the global demand for long fiber thermoplastics.
A more
than 150-page report to understand trends, opportunity and forecast in global long
fiber thermoplastics market to 2031 by end use industry (automotive, consumer
goods, industrial goods, and other end use industries), material forms (LFRT
and D-LFT), fiber type (glass fiber, carbon and other fiber types), resin type
(polypropylene, polyamide, and other resin types), and region (North America,
Europe, Asia Pacific, and the Rest of the World)
Lucintel
forecasts that automotive industry will remain the largest end use industry and
it is also expected to witness highest growth over the forecast period due to
increasing demand for long fiber thermoplastics based plastic products in
automotive end use industry.
LFRT will
remain the largest segment by material forms both in terms of value and volume
because it offers greater design flexibility and provides better resistance to
chemicals and corrosion. LFRT is also expected to witness the highest growth
over the forecast period.
Download
sample by clicking on long
fiber thermoplastics market.
Europe is
expected to remain the largest region by value and volume and ROW is expected
to experience the highest growth over the forecast period due to growth in end
use industry.
SABIC, Celanese Corporation, JNC Corporation, RTP
Company, Syensqo are the
major suppliers in the long
fiber thermoplastics market.
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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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