HOME Top Market Reports Long Fiber Thermoplastics (LFT) Market by Resin Type (Polypropylene, Polyamide, Polybutylene Terephthalate), Fiber Type (Glass Fiber, Carbon Fiber), Application (Automotive, Consumer Goods, Industrial Goods, Sporting Goods), and Region - Global Forecast to 2022

Long Fiber Thermoplastics (LFT) Market by Resin Type (Polypropylene, Polyamide, Polybutylene Terephthalate), Fiber Type (Glass Fiber, Carbon Fiber), Application (Automotive, Consumer Goods, Industrial Goods, Sporting Goods), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: CH 4898

 

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The Long Fiber Thermoplastics (LFT) market is estimated to grow from USD 3.28 Billion in 2016 to USD 5.55 Billion by 2022, at a CAGR of 9.29% from 2017 to 2022. The increasing use of long fiber thermoplastics in the automotive and consumer goods industries is expected to drive the growth of the long fiber thermoplastics market. The base year considered for the study is 2016, and the market size is projected between 2017 and 2022.

Objectives of the Study:

The report analyzes the global long fiber thermoplastics market, in terms of volume (kilotons) and value (USD million). The report also estimates the market size and growth potential of long fiber thermoplastics across different segments, such as resin type, fiber type, application, and region. It forecasts the market size in terms of regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America. The study also covers market opportunities and the competitive landscape for stakeholders and market leaders.

The research methodology used to estimate and forecast the long fiber thermoplastics market began with the gathering of data of the key company revenues and raw material costs through secondary sources such as Factiva, Hoovers, Manta, and others. The product offerings of different companies were also taken into consideration to determine the market segmentation. The bottom-up approach was used to arrive at the overall market size of long fiber thermoplastics from the revenues of the key players. After arriving at the total market size, the overall market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were used to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary interviewees is shown in the figure below:

Long Fiber Thermoplastics Market

To know about the assumptions considered for the study, download the pdf brochure

The value chain of the long fiber thermoplastics industry includes manufacturers of resins, fibers, and adhesives. The key manufacturers of long fiber thermoplastics include SABIC (Saudi Arabia), Celanese Corporation (US), PolyOne (US), Solvay SA (Belgium), PlastiComp Inc. (US), and RTP Company (US). The applications of long fiber thermoplastics include automotive, consumer goods, industrial goods, sporting goods, and others.

Target Audience

  • Long Fiber Thermoplastics Manufacturers
  • Raw Material Suppliers
  • Distributors & Suppliers
  • Industry Associations

“This study answers several questions for the stakeholders, primarily which market segments they need to focus upon during the next two to five years to prioritize their efforts and investments.”

Scope of the Report

The research report segments the long fiber thermoplastics market into the following submarkets:

By Resin Type:

  • Polypropylene (PP)
  • Polyamide (PA)
  • Polybutylene Terephthalate (PBT)
  • Others

By Application:

  • Automotive
  • Consumer Goods
  • Sporting Goods
  • Industrial Goods
  • Others

By Fiber Type:

  • Long Glass Fiber Thermoplastic
  • Long Carbon Fiber Thermoplastic
  • Others

By Region:

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

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company

Regional Analysis:

  • Further breakdown of the North American long fiber thermoplastics market
  • Further breakdown of the European long fiber thermoplastics market
  • Further breakdown of the Asia Pacific region long fiber thermoplastics market
  • Further breakdown of the Middle Eastern & African long fiber thermoplastics market
  • Further breakdown of the Latin American long fiber thermoplastics market

Company Information:

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Regional Scope
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
           2.3.1 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Significant Growth Opportunities in LFT Composites Market
    4.2 LFT Composites Market, By Application
    4.3 LFT Composites Market Share, By Region and Application, 2016
    4.4 LFT Composites Market, By Country
    4.5 LFT Composites Market, By Resin Type

5 Market Overview (Page No. - 33)
    5.1 Market Dynamics
           5.1.1 Drivers
                    5.1.1.1 Increase in Demand for Fuel-Efficient Vehicles
                    5.1.1.2 Exceptional Properties of Long Fiber Over Short Fiber Thermoplastics
                    5.1.1.3 Less Generation of Vocs and Recycling Capabilities
           5.1.2 Restraints
                    5.1.2.1 Weaker Mechanical Properties and Higher Cost Than Thermosets
                    5.1.2.2 High Processing and Manufacturing Costs
           5.1.3 Opportunities
                    5.1.3.1 Increasing Use of LFT Composites in Various End-Use Industries
           5.1.4 Challenges
                    5.1.4.1 Need for Reducing Capital and Technology Costs
           5.1.5 Impact Analysis of Drivers
    5.2 Porter’s Five Forces Analysis
           5.2.1 Threat of New Entrants
           5.2.2 Threat of Substitutes
           5.2.3 Bargaining Power of Suppliers
           5.2.4 Bargaining Power of Buyers
           5.2.5 Intensity of Competitive Rivalry

6 Macro Economic Overview and Key Trends (Page No. - 42)
    6.1 Introduction
    6.2 Trends and Forecast of GDP
    6.3 Per Capita GDP vs Per Capita Composite Materials Demand
    6.4 Trends of Automotive Industry

7 LFT Composites Market, By Resin Type (Page No. - 47)
    7.1 Introduction
    7.2 Polypropylene
    7.3 Polyamide
    7.4 Polybutylene Terephthalate
    7.5 Other Resins
           7.5.1 Polyether Ether Ketone
           7.5.2 Polyphenylene Sulfide

8 LFT Composites Market, By Fiber Type (Page No. - 54)
    8.1 Introduction
    8.2 Long Glass Fiber Thermoplastic Composites
    8.3 Long Carbon Fiber Thermoplastic Composites
    8.4 Other Long Fibers

9 LFT Composites Market, By Application (Page No. - 61)
    9.1 Introduction
    9.2 Automotive
           9.2.1 Interior Components
           9.2.2 Exterior Components
    9.3 Consumer Goods
    9.4 Sporting Goods
    9.5 Industrial Goods
    9.6 Others
           9.6.1 Marine
           9.6.2 Aerospace

10 LFT Composites Market, By Region (Page No. - 70)
     10.1 Introduction
     10.2 North America
             10.2.1 North America, By Application
             10.2.2 North America, By Fiber Type
             10.2.3 North America, By Country
                        10.2.3.1 U.S.
                        10.2.3.2 Canada
     10.3 Europe
             10.3.1 Europe, By Application
             10.3.2 Europe, By Fiber Type
             10.3.3 Europe, By Country
                        10.3.3.1 Germany
                        10.3.3.2 U.K.
                        10.3.3.3 France
                        10.3.3.4 Italy
                        10.3.3.5 Spain
                        10.3.3.6 Turkey
                        10.3.3.7 Netherlands
     10.4 Asia-Pacific
             10.4.1 Asia-Pacific, By Application
             10.4.2 Asia-Pacific, By Fiber Type
             10.4.3 Asia-Pacific, By Country
                        10.4.3.1 China
                        10.4.3.2 India
                        10.4.3.3 Japan
                        10.4.3.4 South Korea
     10.5 Middle East & Africa
             10.5.1 Middle East & Africa, By Application
             10.5.2 Middle East & Africa, By Fiber Type
             10.5.3 Middle East & Africa, By Country
                        10.5.3.1 UAE
                        10.5.3.2 South Africa
     10.6 Latin America
             10.6.1 Latin America, By Application
             10.6.2 Latin America, By Fiber Type
             10.6.3 Latin America, By Country
                        10.6.3.1 Brazil
                        10.6.3.2 Mexico

11 Competitive Landscape (Page No. - 92)
     11.1 Overview
     11.2 New Product Developments: the Most Popular Growth Strategy
     11.3 Maximum Developments in 2014
     11.4 Market Share Analysis of Key Players
             11.4.1 Sabic
             11.4.2 Celanese Corporation
             11.4.3 Solvay S.A.
             11.4.4 Plasticomp Inc.
             11.4.5 Polyone
     11.5 Recent Developments
             11.5.1 New Product Launches
             11.5.2 Expansions
             11.5.3 Agreements & Partnerships
             11.5.4 Mergers & Acquisitions

12 Company Profiles (Page No. - 100)
(Overview, Products and Services, Financials, Strategy & Development)*
     12.1 Sabic
     12.2 Celanese Corporation
     12.3 Polyone
     12.4 Solvay SA
     12.5 Plasticomp Inc.
     12.6 BASF SE
     12.7 Lanxess AG
     12.8 Quadrant AG
     12.9 RTP Company, Inc.
     12.10 Asahi Kasei Plastics North America Inc.
     12.11 Daicel Polymer Ltd.
     12.12 Sbhpp
*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies
     12.13 Other Companies
             12.13.1 SGL Group
             12.13.2 PPG Fiber Glass Inc.
             12.13.3 Technocompound GmbH
             12.13.4 Dieffenbacher
             12.13.5 JNC Corporation
             12.13.6 Kingfa

13 Appendix (Page No. - 126)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (71 Tables)

Table 1 LFT Composites Market Size, 2015–2022
Table 2 European Union: Carbon Dioxide Emission Standards for New Passenger Cars, (G/Km)
Table 3 Trends and Forecast of GDP, USD Billion (2017–2022)
Table 4 Per Capita GDP vs Per Capita Composite Materials Demand, 2016
Table 5 Automotive Production, 2011–2015 (Million Units)
Table 6 LFT Composites Market Size, By Resin Type, 2015–2022 (USD Million)
Table 7 LFT Composites Market Size, By Resin Type, 2015–2022 (Kiloton)
Table 8 PP Resin Market Size, By Region, 2015–2022 (USD Million)
Table 9 PP Resin Market Size, By Region, 2015–2022 (Kiloton)
Table 10 Pa Resin Market Size, By Region, 2015–2022 (USD Million)
Table 11 Pa Resin Market Size, By Region, 2015–2022 (Kiloton)
Table 12 PBT Resin Market Size, By Region, 2015–2022 (USD Million)
Table 13 PBT Resin Market Size, By Region, 2015–2022 (Kiloton)
Table 14 Other Resins Market Size, By Region, 2015–2022 (USD Million)
Table 15 Other Resins Market Size, By Region, 2015–2022 (Kiloton)
Table 16 LFT Composites Market Size, By Fiber Type, 2015–2022 (USD Million)
Table 17 LFT Composites Market Size, By Fiber Type, 2015–2022 (Kiloton)
Table 18 Long Glass Fiber Thermoplastic Composites Market Size, By Region, 2015–2022 (USD Million)
Table 19 Long Glass Fiber Thermoplastic Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 20 Long Carbon Fiber Thermoplastic Composites Market Size, By Region, 2015–2022 (USD Million)
Table 21 Long Carbon Fiber Thermoplastic Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 22 Other Long Fiber Thermoplastic Composites Market Size, By Region, 2015–2022 (USD Million)
Table 23 Other Long Fiber Thermoplastic Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 24 LFT Composites Market Size, By Application, 2015–2022 (USD Million)
Table 25 LFT Composites Market Size, By Application, 2015–2022 (Kiloton)
Table 26 LFT Composites Market Size in Automotive Application, By Region, 2015–2022 (USD Million)
Table 27 LFT Composites Market Size in Automotive, By Region, 2015–2022 (Kiloton)
Table 28 LFT Composites Market Size in Consumer Goods Application, By Region, 2015–2022 (USD Million)
Table 29 LFT Composites Market Size in Consumer Goods Application, By Region, 2015–2022 (Kiloton)
Table 30 LFT Composites Market Size in Sporting Goods Application, By Region, 2015–2022 (USD Million)
Table 31 LFT Composites Market Size in Sporting Goods Application, By Region, 2015–2022 (Kiloton)
Table 32 LFT Composites Market Size in Industrial Goods Application, By Region, 2015–2022 (USD Million)
Table 33 LFT Composites Market Size in Industrial Goods Application, By Region, 2015–2022 (Kiloton)
Table 34 LFT Composites Market Size in Other Applications, By Region, 2015–2022 (USD Million)
Table 35 LFT Composites Market Size in Other Applications, By Region, 2015–2022 (Kiloton)
Table 36 LFT Composites Market Size, By Region, 2015–2022 (USD Million)
Table 37 LFT Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 38 North America: LFT Composites Market Size, By Application, 2015–2022 (USD Million)
Table 39 North America: LFT Composites Market Size, By Application, 2015–2022 (Kiloton)
Table 40 North America: LFT Composites Market Size, By Fiber Type, 2015–2022 (USD Million)
Table 41 North America: LFT Composites Market Size, By Fiber Type, 2015–2022 (Kiloton)
Table 42 North America: LFT Composites Market Size, By Country, 2015–2022 (USD Million)
Table 43 North America: LFT Composites Market Size, By Country, 2015–2022 (Kiloton)
Table 44 Europe: LFT Composites Market Size, By Application, 2015–2022 (USD Million)
Table 45 Europe: LFT Composites Market Size, By Application, 2015–2022 (Kiloton)
Table 46 Europe: LFT Composites Market Size, By Fiber Type, 2015–2022 (USD Million)
Table 47 Europe: LFT Composites Market Size, By Fiber Type, 2015–2022 (Kiloton)
Table 48 Europe: LFT Composites Market Size, By Country, 2015–2022 (USD Million)
Table 49 Europe: LFT Composites Market Size, By Country, 2015–2022 (Kiloton)
Table 50 Asia-Pacific: LFT Composites Market Size, By Application, 2015–2022 (USD Million)
Table 51 Asia-Pacific: LFT Composites Market Size, By Application, 2015–2022 (Kiloton)
Table 52 Asia-Pacific: LFT Composites Market Size, By Fiber Type, 2015–2022 (USD Million)
Table 53 Asia-Pacific: LFT Composites Market Size, By Fiber Type, 2015–2022 (Kiloton)
Table 54 Asia-Pacific: LFT Composites Market Size, By Country, 2015–2022 (USD Million)
Table 55 Asia-Pacific: LFT Composites Market Size, By Country, 2015–2022 (Kiloton)
Table 56 Middle East & Africa: LFT Composites Market Size, By Application, 2015–2022 (USD Million)
Table 57 Middle East & Africa: LFT Composites Market Size, By Application, 2015–2022 (Kiloton)
Table 58 Middle East & Africa: LFT Composites Market Size, By Fiber Type, 2015–2022 (USD Million)
Table 59 Middle East & Africa: LFT Composites Market Size, By Fiber Type, 2015–2022 (Kiloton)
Table 60 Middle East & Africa: LFT Composites Market Size, By Country, 2015–2022 (USD Million)
Table 61 Middle East & Africa: LFT Composites Market Size, By Country, 2015–2022 (Kiloton)
Table 62 Latin America: LFT Composites Market Size, By Application, 2015–2022 (USD Million)
Table 63 Latin America: LFT Composites Market Size, By Application, 2015–2022 (Kiloton)
Table 64 Latin America: LFT Composites Market Size, By Fiber Type, 2015–2022 (USD Million)
Table 65 Latin America: LFT Composites Market Size, By Fiber Type, 2015–2022 (Kiloton)
Table 66 Latin America: LFT Composites Market Size, By Country, 2015–2022 (USD Million)
Table 67 Latin America: LFT Composites Market Size, By Country, 2015–2022 (Kiloton)
Table 68 New Product Launches, 2012–2017
Table 69 Expansions, 2012–2017
Table 70 Agreements & Partnerships, 2012–2017
Table 71 Mergers & Acquisitions, 2012–2017


List of Figures (45 Figures)

Figure 1 LFT Composites: Market Segmentation
Figure 2 LFT Composites Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 LFT Composites: Data Triangulation
Figure 6 Automotive Application to Drive LFT Composites Market, 2017–2022
Figure 7 Germany to Be the Fastest Growing LFT Composites Market, 2017–2022
Figure 8 Long Glass Fiber Thermoplastic to Dominate the LFT Composites Market, By Fiber Type
Figure 9 Europe to Be the Largest and Fastest-Growing LFT Composites Market
Figure 10 LFT Composites Market to Grow Rapidly Between 2017 and 2022
Figure 11 Automotive to Dominate the LFT Composites Market Between 2017 and 2022
Figure 12 Europe is the Largest LFT Composites Market, in Terms of Value
Figure 13 Germany to Be the Fastest-Growing Market, 2017–2022
Figure 14 PP Resin to Dominate LFT Composites Market
Figure 15 Drivers, Restraints, Opportunities, and Challenges in LFT Composites Market
Figure 16 Increase in Demand for Fuel-Efficient Vehicles to Drive the LFT Composites Market
Figure 17 Porter’s Five Forces Analysis
Figure 18 Trends and Forecast of GDP, USD Billion (2016)
Figure 19 Per Capita GDP vs Per Capita Composite Materials Demand
Figure 20 Automotive Production in Key Countries, 2015 vs 2016 (Million Units)
Figure 21 PP Resin to Register the Highest CAGR in Europe Between 2017 and 2022
Figure 22 Europe to Drive PBT Resin Based LFT Composites Market During the Forecast Period
Figure 23 Europe to Dominate Long Carbon Fiber Thermoplastics Market in the Next Five Years
Figure 24 Europe to Drive Other Long Fibers Market in the Next Five Years
Figure 25 LFT Composites Market in Automotive Application to Register the Highest CAGR Between 2017 and 2022
Figure 26 North America to Dominate LFT Composites Market in Industrial Goods Application Between 2017 and 2022
Figure 27 Germany to Register the Highest CAGR in LFT Composites Market
Figure 28 U.S.: the Most Lucrative Market in North America
Figure 29 Germany is the Fastest-Growing LFT Composites Market in Europe
Figure 30 China: the Largest LFT Composites Market in Asia-Pacific
Figure 31 Companies Adopted New Product Developments as the Key Growth Strategy Between 2012 and 2017
Figure 32 Key Growth Strategies in LFT Composites Market, 2012–2017
Figure 33 Developments in LFT Composites Market, 2012–2017
Figure 34 Celanese Corporation: the Largest Company in LFT Composites Market
Figure 35 Company Snapshot: Sabic
Figure 36 Sabic: SWOT Analysis
Figure 37 Company Snapshot: Celanese Corporation
Figure 38 Celanese Corporation: SWOT Analysis
Figure 39 Company Snapshot: Polyone
Figure 40 Polyone: SWOT Analysis
Figure 41 Company Snapshot: Solvay SA
Figure 42 Solvay SA: SWOT Analysis
Figure 43 Company Snapshot: BASF SE
Figure 44 Company Snapshot: Lanxess AG
Figure 45 Lanxess AG: SWOT Analysis

The global Long Fiber Thermoplastics (LFT) market is projected to grow from USD 3.28 Billion in 2016 to USD 5.55 Billion by 2022, at a CAGR of 9.29% during the forecast period. The growth of the market is expected to be driven by the high demand for long fiber thermoplastics from the automotive industry. Long fiber thermoplastics are used in the manufacture of lightweight automobile components to reduce overall weight and help gain fuel efficiency to meet various regulations.

The long fiber thermoplastics market has been segmented on the basis of fiber type into long glass fiber thermoplastic, long carbon fiber thermoplastic, and other fibers. The long glass fiber thermoplastic segment is projected to witness high growth in the coming years, owing to the increasing use of glass fibers in high-performance long fiber thermoplastics for use in the automotive and consumer goods industries. Long carbon fibers are extensively used in applications such as sporting goods and aerospace, as these applications require high stiffness and high performance products.

The long fiber thermoplastics market has also been segmented based on applications, which include, automotive, sporting goods, consumer goods, industrial goods, and others. Long fiber thermoplastics are increasingly used in the automotive industry to replace conventional materials for improved performance, design freedom, corrosion resistance, and weight reduction.

Europe was the largest market for long fiber thermoplastics in 2016. The presence of some of the major automotive manufacturers, such as BMW (Germany), Volkswagen (Germany), and Mercedes-Benz (Germany) is expected to aid the growth of the market in Europe. Germany is a key long fiber thermoplastics market in Europe, due to the growing automotive industry in the country.

Long Fiber Thermoplastics Market

The weaker mechanical properties and higher cost as compared to thermoset composites may restrain the growth of the global long fiber thermoplastics market.

SABIC (Saudi Arabia), Celanese Corporation (US), PolyOne (US), Solvay SA (Belgium), PlastiComp Inc. (US), RTP Company (US), Lanxess AG (Germany), and others are some of the leading players in the global long fiber thermoplastics market.

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