Long Fiber Thermoplastics Market - Trends Forecast Till 2028

Long Fiber Thermoplastics Market by Resin (PP, PA, PEEK, PPA), Fiber (Glass, Carbon), Manufacturing Process (Injection Molding, Pultrusion, D-LFT), End-use Industry (Automotive, Electrical & Electronics), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: January, 2022

Base Year Estimate: 2021

Report ID: D-CM-LFTM-1124

Format:  

Number of Pages: 387

Domain: Chemicals & Materials

Long Fiber Thermoplastics Market – Trends Forecast Till 2028

The Long Fiber Thermoplastics market size is projected to reach a CAGR of 10.7% from 2022 to 2028.

Thermoplastic is a class of plastic which is made by the polymer resin which becomes soft on heating and when cooled gets hard. When heated thermoplastics become homogenised liquids which can be resized and reshaped easily. Long fiber thermoplastic is a type of thermoplastic which is widely used in automotive industry. LFT have fiber in random orientation with a ranging length of 5 to 25 mm. LFT exhibits higher tensile strength, modulus and impact in comparison to the short fiber and this attributes to their high usage in automotive industry.

With the surge in demand for fuel efficient vehicles along with the benefits of long fiber over short fiber thermoplastic are some of the factors that have supported long-term expansion for Long Fiber Thermoplastics Market.

COVID-19 had a negative effect on the market, as the major supply chains were disrupted during the period.

Long Fiber Thermoplastics Market Research Report

Europe is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the presence of the key players in the region along with the recent expansion of the automotive industry.

Long Fiber Thermoplastics Market is segmented into resin type, fiber type, manufacturing process, end-use industry, and region.

On the basis of Resin Type

  • PP
  • PA
  • PEEK
  • PPA
  • Others

On the basis of Fiber Type

  • Glass
  • Carbon
  • Others

On the basis of Manufacturing Process

  • Injection Molding
  • Pultrusion
  • D-LFT
  • Others

On the basis of End-User Industry

  • Automotive
  • Electrical & Electronics
  • Consumer Goods
  • Sporting Goods
  • Others

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Long Fiber Thermoplastics Market

 

Key Players

  • Celanese Corporation
  • SABIC
  • Lanxess AG
  • BASF SE
  • Mitsubishi Chemical Holdings
  • PlastiComp Inc.               
  • Daicel Polymer Ltd.
  • Asahi Kasei Corporation
  • RTP Company Inc.
  • Solvay

Recent Developments

  • In January 2016, Celstra LFT was brought up by the Celanese Corporation which adds value to the compony products portfolio.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Long Fiber Thermoplastics  Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 10.7% during the forecasting period, 2022-2028

Historical Data

2019-2020

Forecast Years

2022-2028

Base Year

2021

Units Considered

Revenue in USD billion and CAGR from 2022 to 2028

Report Segmentation

resin type, fiber type, manufacturing process, end-use industry and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Celanese Corporation, SABIC , Lanxess AG, BASF SE , Mitsubishi Chemical Holdings , PlastiComp Inc. , Daicel Polymer Ltd. , Asahi Kasei Corporation , RTP Company Inc., Solvay

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