HOME Press Releases Long Fiber Thermoplastics Market worth 5.55 Billion USD by 2022



Long Fiber Thermoplastics Market worth 5.55 Billion USD by 2022


The report "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", 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.

                    Request Sample              Request Sample           download pdf

Browse 71 Market Data Tables and 45 Figures spread through 133 Pages and in-depth TOC on "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"
https://www.marketsandmarkets.com/Market-Reports/long-fiber-thermoplastic-market-143452466.html
Early buyers will receive 10% customization on reports.

The long fiber thermoplastics market is driven by the increasing use of long fiber thermoplastic components in the automotive industry. Stringent regulations in the automotive industry pertaining to carbon dioxide (CO2) emissions that have adverse effects on the global climate have led to automobile manufacturers focusing on efficient, productive, and lightweight components which enable low fuel consumption. This has consequently resulted in the increasing usage of long fiber thermoplastics to replace metal components with lightweight components.

Polypropylene (PP) is expected to be the fastest-growing segment of the long fiber thermoplastic market, in terms of value and volume

Polypropylene is expected to be the fastest-growing segment of the long fiber thermoplastics market, segmented based on resin type, owing to the increasing use of PP resins in the automotive and consumer goods industries. PP resins have high chemical resistance, fatigue resistance, insulation, elasticity, transmissivity, and toughness. PP resins also have high resistance to electricity and are used along with glass or carbon fibers to manufacture electronic components.

Automotive is estimated to be the largest application segment of the long fiber thermoplastics market, in terms of value

Long fiber thermoplastics are used in the automotive industry to reduce the overall weight of an automobile and gain fuel efficiency to meet various regulations. The reduction of weight in vehicles saves energy, minimizes brake and tire wear, and reduces emissions. Furthermore, long fiber thermoplastics provide high strength, have dimensional stability, and provide freedom of design.

Europe is projected to be the largest market for long fiber thermoplastics during the forecast period

The growth of the long fiber thermoplastic market in Europe is mainly driven by the growing demand from the fast-growing automotive industry in the region. Growth in the automotive sector in Europe is high as compared to other regions, owing to the presence of established automotive manufacturers in the region. The increasing focus by automobile manufacturers in Germany on the production of long fiber thermoplastics for economical and lightweight solutions is expected to drive the long fiber thermoplastics market in the region.

Key players in the long fiber thermoplastics market include Celanese Corporation (US), SABIC (Saudi Arabia), PolyOne (US), Solvay S.A. (Belgium), PlastiComp Inc. (US), RTP Company (US), and Lanxess AG (Germany). These players have adopted various organic and inorganic developmental strategies during the past five years to achieve growth in the long fiber thermoplastics market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports