Report Feature
Long Fiber Reinforced Thermoplastic (LFRT), with its higher performance characteristics than traditional and other thermoset materials, is likely to gain greater acceptance in different applications segments. The LFRT market is shifting from a seller “push” to a buyer “pull” situation. SABIC and Ticona are
the market leaders with diversified product portfolio, strong geographical reach, and high strategic initiatives. Over the next five years, suppliers focusing on emerging application segments and emerging markets are likely to capture a larger market share in global LFRT market.
Lucintel, a leading global management consulting and market research firm, has conducted a detailed analysis on this market and presents its findings in “Worldwide LFRT Competitive Analysis and Leadership Study 2013”. The report analyses the competitive landscape of the global LFRT market and analyses the prevailing risk factors and growth opportunities. The competitive analysis has been done on the basis of ‘alignment with market opportunities’ and ‘ability to gain market share’ of the players.
The LFRT market is largely driven by the automotive industry due to its high performance characteristics, ability to reduce weight, and at a relatively lower cost its ability to mold high level of complex shapes and part integration while maintaining mechanical properties. These are the key benefits offered to molders and OEMs.
Leading LFRT suppliers have started focusing on emerging application segments such as transportation (heavy trucks, buses, and rails) and consumer electronics. In the last five years, suppliers have increased their production capacity in North America and Europe mainly driven by combining effect of increasing penetration level of thermoplastic composites, especially in automotive and the better cost-performance characteristics of LFRTs. The suppliers have also started opening manufacturing plants in high growth markets such as China and Korea which are expected to be the prominent markets for automotive and consumer goods.
Lucintel also highlights the key challenges faced by the LFRT market. The inter-material competition from its nearest competing material, D-LFT (Direct LFT) imposes challenges on LFRT suppliers as D-LFT has the ability to reduce cost and wastage by introducing inline process. Major competitors of the LFRT market are also either expanding or are planning to expand their current operational capacities in anticipation of growth. This may cause an overcapacity in the industry and further intensify rivalry.
Low-cost producers are expected to win most of the volume growth. High growth rate, particularly in the automotive industry is expected to influence the LFRT market and savvy negotiations by buyers with knowledge of the benefits of LFRT. Niche suppliers will seek margins in product differentiation.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
The dynamics of the LFRT market extends beyond routine macro-economic elements of supply and demand. It is the relationship between buyer's needs and seller's capabilities as well as the macroeconomic forces at work that affect the market. It is how well and how efficiently the sellers meet the needs of the buyers that determine long-term success.
In Lucintel's newest competitive research study on the world's leading LFRT producers, “Worldwide LFRT Competitive Analysis and Leadership Study 2013”, we thoroughly profiled the top five companies with detailed competitive assessments. The detailed analysis of each company offers a critical view into key strategic areas, including:
• LFRT producer target markets
• Key differentiators, strengths, competitors
• Product line overview, positioning, and mapping
• Market position in global LFRT business
• Revenue breakdown by market segments and regions
• Global manufacturing operations
• Innovation and market leadership
• Marketing, sales, and organizational capabilities
• Management commitment and track record
• Financial strength
•
Collected from a series of primary vendor interviews and secondary sources, Lucintel also provides its own scorecard for determining which of these companies is better aligned with future market opportunities and which has the ability to gain additional market share.
Using its proprietary research methodology, Lucintel developed a comparative analysis named the Lucintel Leadership Quadrant which identifies leaders and challengers in the LFRT market. Leadership closely examined and rated each LFRT manufacturer on two primary criteria as shown below:
1. Alignment with market opportunity
2. Ability to gain market share
Ability to gain market share was analyzed using following parameters:
• Product portfolio
• Financial strength
• Asset position
• Execution skill
• Customer experience
Alignment with market opportunity was analyzed using following parameters:
• Target growth markets
• New product development and Innovation
• Corporate and functional strategy
• Presence within the industry
In addition to the Lucintel Leadership Quadrant, this comprehensive research report also offers for consumers of LFRT as well as the investment community content-rich comparative analyses detailing which producers have the production capacity, service capabilities and vision to deliver fully on its promises.
Table of Contents
List of Tables
Figure 1.1: Industry-wide LFRT product map based on fiber type
Figure 1.2: Industry-wide LFRT product map based on resin type
Figure 1.3: Industry-wide LFRT product map based on market segments
Figure 1.4: LFRT manufacturers' global market shares in 2013
Figure 1.5: Global LFRT manufacturers' market share in automotive segment in 2013
Figure 1.6: Global LFRT manufacturers' market share in industrial segment in 2013
Figure 1.7: Global LFRT manufacturers' market share in consumer segment in 2013
Figure 1.8: LFRT manufacturers' market share in North America in 2013
Figure 1.9: LFRT manufacturers' market share in Europe in 2013
Figure 1.10: LFRT manufacturers' market share in Asia and Rest of the World in 2013
Figure 1.11: Relative positions of each LFRT manufacturer in four quadrants
Figure 2.1: Ticona LFRT product line by type of resin and reinforcement
Figure 2.2: Ticona LFRT product line offering by market segment
Figure 2.3: Ticona-LFRT revenue by market segment in 2013
Figure 2.4: Market share of ticona LFRT by market segment in 2013
Figure 2.5: Ticona LFRT product offerings by region
Figure 2.6: Ticona LFRT revenue by region in 2013
Figure 2.7: Ticona LFRT market share by region in 2013
Figure 2.8: Ticona LFRT manufacturing locations
Figure 3.1: SABIC’s LFRT product line by type of resin and reinforcement
Figure 3.2: SABIC LFRT product line offering by market segment
Figure 3.3: SABIC LFRT revenue by market segment in 2013
Figure 3.4: Market share of SABIC LFRT by market segment in 2013
Figure 3.5: SABIC Europe LFRT product line offering by region
Figure 3.6: SABIC LFRT revenue by region in 2013
Figure 3.7: SABIC LFRT market share by region in 2013
Figure 3.8: SABIC LFRT manufacturing locations
Figure 4.1: RTP LFRT product line by type of reinforcement and resin
Figure 4.2: RTP LFRT product line offering by market segment
Figure 4.3: RTP LFRT revenues by market segment in 2013
Figure 4.4: RTP LFRT market share by market segment in 2013
Figure 4.5: RTP LFRT revenues by region in 2013
Figure 4.6: RTP LFRT market share by region in 2013
Figure 4.7: RTP’s LFRT manufacturing locations
Figure 5.1: Chisso/JNC product line by type of fiber and reinforcement
Figure 5.2: Chisso/JNC product line offering by market segments
Figure 5.3: Chisso/JNC LFRT revenue by market segment in 2013
Figure 5.4: Market share of Chisso/JNC in LFRT by segments in 2013
Figure 5.5: Chisso/JNC’s LFRT revenue by region in 2013
Figure 5.6: Chisso/JNC LFRT market share by region in 2013
Figure 5.7: Chisso/JNC LFRT manufacturing locations
Figure 6.1: TechnoCompound LFRT product line by type of fiber and reinforcement
Figure 6.2: TechnoCompound LFRT product line offering by market segments
Figure 6.3: TechnoCompound LFRT revenue by market segment in 2013
Figure 6.4: Share of market segment revenues by TechnoCompound in 2013
Figure 6.5: TechnoCompound LFRT revenue by regions in 2013
Figure 6.6: TechnoCompound LFRT market share by regions in 2013
Figure 6.7: TechnoCompound LFRT manufacturing locations
Table 1.1: Properties of various LFRT materials
Table 1.2: Ranking of suppliers based on LFRT revenue
Table 1.3: Ranking of leaders in automotive, industrial goods, and consumer goods segments
Table 1.4: Ranking of leaders in North America, Europe, and Asia
Table 1.6: Major parameters of lucintel’s leadership quadrant analysis
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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