Global Long Fiber Thermoplastics Market 2018-2022

Below are some of the key findings from the long fiber thermoplastics market research report

 See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.

Get a FREE sample now!

Global Long Fiber Thermoplastics Industry Overview

The high demand for long fiber thermoplastics from the automotive industry is identified as a key factor contributing to the growth of the global long fiber thermoplastics market. Long fiber thermoplastics (LFTs) are extensively used as replacements for conventional materials such as metal assemblies, die castings, and underperforming plastics in the automotive industry. They are lightweight and enhance the performance, dimensional stability, and strength of the automobile. They also improve resistance to corrosion and offer flexibility in designs. LFTs reduce the overall weight of an automobile and improve the fuel efficiency to meet the quality standards set by regulatory bodies. The reduced vehicle weight aids in saving energy by reducing brake and tire wear and emissions. LFTs are lightweight, environment-friendly alternatives to heavy metals and help in lowering the total material costs. The increasing number of automobiles and the consequent rise in the use of LFTs in the automotive industry will drive growth in the market.

Moreover, our market experts observed that hybrid LFTs offer high performance at low cost by blending carbon fibers with other fiber reinforcements such as glass fibers. It has been observed that the combination of glass and fiber reinforcements enhances performance and reduces the overall weight. The development of hybrid LFTs is identified as one of the key trends that will gain traction in the long fiber thermoplastics market until the end of 2022. Owing to such factors the long fiber thermoplastics market is expected to grow at a CAGR over 9% during 2018-2022.

Top long fiber thermoplastics companies covered in this market research report

Industry analysts observed that the long fiber thermoplastics market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this long fiber thermoplastics industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of various companies including:

• Celanese
• LANXESS
• PlastiComp
• PolyOne
• SABIC
• Solvay

Long fiber thermoplastics market segmentation based on geographic regions

• Americas
• APAC
• EMEA

In terms of geography, the long fiber thermoplastic application market witnessed growth in EMEA and will continue to grow in the region throughout the projected period due to the presence of numerous automotive companies in the region, especially in Germany.

Long fiber thermoplastics market segmentation based on application

• Automotive
• Industrial goods
• Consumer goods
• Others

The automotive segment will account for the highest growth in the market. the automotive segment held the largest market share in 2017, accounting for nearly 45% of the market. The market share for this application is expected to increase by nearly 1% by 2022. Additionally, the report also provides an accurate prediction of the contribution of the various applications segments to the growth of the long fiber thermoplastics market size.

Key highlights of the global long fiber thermoplastics market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the long fiber thermoplastics market during the next five years
• Precise estimation of the global long fiber thermoplastics market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the long fiber thermoplastics industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of long fiber thermoplastics companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch