The research report with top-level information is a key benefit that provides qualitative and quantitative factors of the Long Fiber Thermoplastics Market. In this research survey, the features that have powered and reserved the market’s growth is also included in this market report. The research outline also contains the primary industry’s pattern and the international market’s projected volume based on the provincial estimation. Moreover, it also, gives details of a portion of the complete industry, new turns of events, and the effect of domestic and constrained market players, examines openings as far as arising income pockets, changes in market strategies, product confirmations, key choices, product dispatches, landscape extensions, and mechanical developments and possessions in the market.
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)
Long Fiber Thermoplastics Market Overview
The Long Fiber Thermoplastics market size is projected to reach a CAGR of 10.7% from 2022 to 2028.
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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 Regional Analysis
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 Competitive Landscape
Key Players
• 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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Recent Developments in The Long Fiber Thermoplastics Market
• In January 2016, Celstra LFT was brought up by the Celanese Corporation which adds value to the compony products portfolio.
Reasons to Acquire Long Fiber Thermoplastics Market Report
• 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
Table of Contents
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
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