Lucintel identifies opportunities for growth in the global short fiber reinforced thermoplastics market by end use application, reinforcement type, matrix type, and region


   November 25 2016
According to a new market report published by Lucintel, the future of the short fiber thermoplastic (SFT) composites market looks attractive with opportunities in the transportation, consumer goods, and electrical/electronics industries. The global short fiber thermoplastics market is forecast to grow at a CAGR of 4.5% from 2016 to 2021. The major drivers for the growth of this market are recyclability, ease of processing, and better capability of making parts with complex geometry.

In this market, fiber (glass fiber, carbon fiber) and resin (polyamide, polypropylene, and polybutylene terephthalate) are the major raw materials used for producing short fiber thermoplastic composites. Lucintel predicts that the demand for SFT is likely to experience a good growth during the forecast period supported by growing demand in end-user industries. On the basis of comprehensive research, Lucintel forecasts that the transportation segment is expected to show above average growth during the forecast period.

Within the SFT market, the transportation segment is expected to remain the largest end use industry by both value and volume. Increasing government mandates for higher fuel economy, higher strength to weight ratio, recyclability, and ability to mold complex shapes are the major driving forces that spur growth for SFT in this segment over the forecast period.

Glass fiber is the most commonly used reinforcement material for SFTs and is expected to remain so over the forecast period. By resin type, polyamide based SFT is expected to remain the largest segment by both value and volume. Growing use of SFT in automotive under the hood applications is likely to drive the consumption of polyamide based SFT over the forecast period.

Asia Pacific (including Rest of the World) is expected to remain the largest market and is expected to witness highest growth rate during the forecast period due to the anticipated growth in the end user industries and increasing focus on high performance thermoplastic composites.

For market expansion, this report suggests innovation and new product development, where the unique characteristics of SFT can be capitalized. The report further suggests the development of partnerships with customers to create win-win situations and development of high performance products for the end use industries.

Emerging trends in the global SFT market which have a direct impact on the dynamics of the industry are establishment of manufacturing facilities in high growth markets and integration of operational capabilities. BASF SE, DSM NV, DuPont, Saudi Basic Industries Corporation (SABIC), and Lanxess are among the major suppliers of SFT.

The study includes a forecast of the global short fiber reinforced thermoplastic composites market through 2021, segmented by end use application, reinforcement type, matrix type, and region as follows:

By end-use application [Volume (M lbs) and $M shipment analysis for 2010 – 2021]


  • Transportation


  • Consumer Goods


  • Electrical and Electronics


  • Others


By reinforcement type [volume (M lbs) and value $M from 2010 - 2021]:



  • Glass Fiber


  • Carbon Fiber


By resin type [volume (M lbs) and value $M from 2010 - 2021]:



  • Polyamide (PA)


  • Polypropylene (PP)


  • Polybutylene Terephthalate (PBT)


  • Others


By region [volume (M lbs) and value $M from 2010 - 2021]-



  • North America


  • Europe


  • Asia Pacific (including Rest of the World)


This 186-page 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 helpdesk@lucintel.com. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research Due diligence and Business Strategy Consulting.

 

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategy 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.

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