Long Fiber Thermoplastics Market Analysis | 2022-2027

Long Fiber Thermoplastics Market Analysis | 2022-2027

Long Fiber Thermoplastics Market Analysis | 2022-2027
Report code - SRAM307 Published On : Sep,2021 No. of Pages: 203
Long Fiber Thermoplastics Market Size, Share, Trends, Dynamics, Forecast, & Growth Ana See more...

Market Insights

The long fiber thermoplastics market was estimated at USD 1,057.7 million in 2021 and is likely to grow at a CAGR of 6% during 2022-2027 to reach USD 1,555.7 million by 2027.

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Market Dynamics

Introduction

Long fiber thermoplastics are molding items that have continuous fiber filaments. These materials are high in stiffness and strength and have high resistance to high temperatures. Long fiber thermoplastics can be of different resins such as polypropylene, polyamide, polybutylene terephthalate, and others. Automotive, consumer goods, sporting goods, industrial goods, and others are the application areas where these materials are used.

Covid-19 Impact

In 2020, the wrath of the pandemic hit hard all the major industries including automotive, consumer goods, sporting goods, and industrial equipment. The LFT market could not escape from such a distressing scenario and logged a massive decline of -12% in 2020 amid the pandemic. However; the industry stakeholders are expecting a quick recovery in some regional markets. The recovery from the disruption brought on by the COVID-19 pandemic is expected to start in 2021. It is anticipated that the market will cross its 2019 sales figure in 2022 only, marking consistent growth during the forecast period.

Market Drivers

The major factors driving the growth of the long fiber thermoplastics market:

  • The market growth is attributed to the rising demand for lightweight and high-performance solutions for various end-use industries.
  • Automotive is the major end-use industry in the market.

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Key Players

The following are the key players in the long fiber thermoplastics market:

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Segments Analysis

Segmentations

List of Sub-Segments

Segments with High Growth Opportunity

End-Use Industry Type Analysis

Automotive, Consumer Goods, Sporting Goods, Industrial Goods, and Others

Automotive is expected to remain the largest and the fastest-growing segment in the market during the forecast period.

Resin Type Analysis

Polypropylene, Polyamide, Polybutylene Terephthalate, PEEK/PEKK, and Others

PP LFT held dominance with more than 50% share in 2021 and is expected to maintain its position.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

Europe held >35% of the share in 2021 and expected to remain dominant during the forecast period.

By End-Use Industry Type

"Automotive is expected to remain the largest and the fastest-growing segment in the market during the forecast period"

The LFT market is segmented as automotive, consumer goods, sporting goods, industrial goods, and others. Automotive is expected to remain the largest and the fastest-growing segment in the market during the forecast period, owing to the increasing focus of automobile manufacturers towards fuel efficiency which can be attained through higher penetration of lightweight materials such as composites. The automotive industry is the biggest user of compounds including SFT, LFT, SMC, and other reinforced compounds.

By Resin Type

"PP LFT held dominance with more than 50% share in 2021 and is expected to maintain its position"

The market is segmented as polypropylene, polyamide, polybutylene terephthalate, PEEK/PEKK, and others. PP LFT held dominance with more than 50% share in 2021 and is expected to maintain its position over the next five years as well. PP resin is comparatively cheap than other resin systems; thus, molders and OEMs in coordination with material suppliers are trying to enhance the performance of PP-LFTs to replace other resin system-based LFTs.

Regional Analysis

"Europe held >35% of the share in 2021 and expected to remain dominant during the forecast period"

Europe held >35% of the share in 2021 and expected to remain dominant during the forecast period. Europe is the home of leading automotive OEMs, tier players, and LFT manufacturers. Germany and Belgium are the manufacturing capitals of LFTs in the region. Asia Pacific is expected to witness the highest CAGR of 7.6% during 2022-2027 driven by China, Japan, and India. China was one of the markets that experienced an excellent recovery amid the pandemic.

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Research Methodology

  • This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s long fiber thermoplastics market realities and future market possibilities for the forecast period.
  • The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
  • The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
  • This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
  • More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
  • We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis.
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
  • COVID-19 impact and its recovery curve
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The long fiber thermoplastics market is segmented into the following categories:

By End-Use Industry Type

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

By Material Form Type

  • LFRT 
  • D-LFT 

By Reinforcement Type

  • Glass Fiber LFT 
  • Other LFTs 

By Resin Type

  • Polypropylene 
  • Polyamide 
  • Polybutylene Terephthalate 
  • PEEK/PEKK 
  • Others 

By Region

  • North America (Country Analysis: USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, the UK, Spain, Italy, and the Rest of Europe)
  • Asia-Pacific (Country Analysis: China, India, Malaysia, and the Rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Brazil and South Africa)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to three players)
  • SWOT analysis of key players (up to three players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

Frequently Asked Questions (FAQs)

Long fiber thermoplastics are molding items that have continuous fiber filaments. These materials are high in stiffness and strength and have high resistance to high temperatures. Long fiber thermoplastics can be of different resins such as polypropylene, polyamide, polybutylene terephthalate, and others. Automotive, consumer goods, sporting goods, industrial goods, and others are the application areas where these materials are used.

The long fiber thermoplastics market was estimated at USD 1,057.7 million in 2021.

The long fiber thermoplastics market is likely to reach USD 1,555.7 million by 2027.

The long fiber thermoplastics market is likely to grow at a CAGR of 6% during 2022-2027.

SABIC, Celanese, Chisso, and Technocompound are the leading players in the market.

Europe is estimated to grow at the fastest pace in the market in the coming years.

PP LFT is expected to experience the fastest growth in the market.

The major factors driving the growth of the long fiber thermoplastics market are the rising demand for lightweight and high-performance solutions for various end-use industries & Automotive is the major end-use industry in the market.

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