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.
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.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 10.7% during the forecasting period, 2022-2028 |
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Historical Data |
2019-2020 |
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Forecast Years |
2022-2028 |
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Base Year |
2021 |
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Units Considered |
Revenue in USD billion and CAGR from 2022 to 2028 |
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Report Segmentation |
resin type, fiber type, manufacturing process, end-use industry and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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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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Available Customization |
In addition to the market data for Long Fiber Thermoplastics Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Long Fiber Thermoplastics Market is segmented into resin type, fiber type, manufacturing process, end-use industry, and region.
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