According to a new market report published by Lucintel, the future of the global long fiber reinforced thermoplastics market looks promising with opportunities in automotive, consumer goods, and industrial markets. The global long fiber reinforced thermoplastics market is expected to reach an estimated $1.2 billion by 2023 with a CAGR of 5.3% from 2018 to 2023. The major drivers for this market are growing demand for lightweight materials and higher strength to weight ratio in the automotive, consumer goods, and industrial applications as well as recyclability and ease of processing of LFT.
Browse 116 market data tables and 144 figures spread through 222 pages and in-depth TOC on “Global Long Fiber Thermoplastics Market"
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In this market, different types of long fiber reinforced thermoplastics such as LFRT, D-LFT are used as material form. Lucintel forecasts that LFRT will remain the largest segment by value and volume due to its wide application area. 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 long fiber thermoplastic composites market, transportation will remain the largest end use industry by value and volume due to increasing demand for lightweight materials. Automotive segment is also expected to witness highest growth over the forecast period due to the increasing demand for lightweight and high performance materials.
Europe is expected to remain the largest market for long fiber thermoplastics 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.
Emerging trends, which have a direct impact on the dynamics of the long fiber reinforced thermoplastics market by industry, include development of PA based LFT/D-LFT for structural application and increasing use of bio based materials in LFT. SABIC, Celanese, Chisso, TechnoCompound, RTP Company and others are among the major long fiber thermoplastics manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global long fiber thermoplastics market by end use industry, material form, resin, fiber, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Long Fiber Thermoplastics Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global long fiber thermoplastics market by end use industry, material form, resin, fiber, and region as follows:
By End Use Industry [Volume (Kilotons) and $M shipment analysis from 2012 to 2023]:
Automotive
Consumer Goods
Industrial
Others
By Fiber Type [Volume (Kilotons) and $M shipment analysis from 2012 to 2023]:
Glass fiber
Carbon fiber & others
By Resin Type [Volume (Kilotons) and $M shipment analysis from 2012 to 2023]:
Polypropylene (PP)
Polyamide (PA)
Others
By Material Form [Volume (Kilotons) and $M shipment analysis from 2012 to 2023]
By Region [$M shipment analysis for 2012 – 2023]:
North America
Europe
Asia Pacific
The Rest of the World
This 222-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 click on this link https://www.lucintel.com/long-fiber-thermoplastics-market.aspx or helpdesk@lucintel.com.
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.