Long fibre thermoplastics are easily mouldable thermoplastics with high heat & thermal resistance. Its key properties include lightweight, recyclability, eco friendliness and high performance which promote its usage in automotive and aerospace industry. Shifting consumer trends towards featherweight products will accelerate LFT demand owing to its high weight to strength ratio. Positive indicators towards LFT application in furniture, sports & leisure industry application owing to high UV resistance and prefabricated movable properties may act as another contributing factor towards industry growth
Long Fibre Thermoplastics (LFT) Market Trends
- Increase in automotive production supported by growth in demand for luxury premium cars which focus on light weight and high performance will escalate product demand
- Stringent fuel emission standards by EU Commission and EPA has led to incorporation of light weight parts in automotive and aerospace industry, thus propelling industry growth
- Application potential of LFT in metal replacement and semiconductor application has led to increase in its use in electronic products owing to design freedom, cost effectiveness achieved per part and function integration
Long Fibre Thermoplastics (LFT) Market COVID-19 Impact
Increased expenditure on health and wellbeing has led to drop in purchase of vehicles or any luxury electronic goods in COVID 19 which will directly hit vehicle and electronics production, thus affecting LFT demand. Temporary shutting down of manufacturing industries has led to supply and demand disruption in these crises. Moreover, changes in international trade policies have led to disturbed supply chains for raw materials for polymer production. The report helps in 3600 analysis of economic impact of COVID 19 on Long Fibre Thermoplastics (LFT) demand and supply side. The report also offers future impact assessment of macro and micro economic factors, GDP, international trade on kaolin market.
Long Fibre Thermoplastics (LFT) Market Regional Highlights
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world includes Latin America and Middle East & Africa.
Europe driven by France, Italy and Germany long fibre thermoplastic market was a lucrative region in 2019. Europe currently accounts for largest share the long fibre thermoplastic market, and it is expected to continue its dominance for a few more years. Presence of automotive parts manufacturers which utilizes LFT to reduce kerb vehicle weight and increase fuel efficiency will support industry growth in this region.
Long Fibre Thermoplastics (LFT) Market Segmental Overview
- The report analyses the global long fibre thermoplastics (LFT) market based on resin, fibre, process, application and geography
- Various resins studied are segmented into polypropylene, polyamide, PEEK and polypthalamide. Application potential of polypropylene LFT in packaging and production of furniture components, bumpers and toys due to their heat and chemical resistance will positively favour product demand
- The process segment is categorized in pultrision, injection moulding, D-LFT. Injection moulding process may observe significant gains owing to its capacity to produce high volume LFT with greater weight to strength ratio, thus propelling industry growth.
- The fibre segment includes glass and carbon
- Furthermore, the major application considered in the study is automotive, aerospace, electronics, construction.
Long Fibre Thermoplastics (LFT) Market Competitor Analysis
The key players in the long fibre thermoplastics (LFT) market share are Celanese Corporation, SABIC, LANXESS AG, BASF SE, Mitsubishi Chemical Holdings, Plasticomp Inc., Daicel Polymer Ltd., Asahi Kasei Corporation, RTP COMPANY, INC., Solvay, Polyone, Chnocompound Gmbh, Sambarklft Co., ltd. Companies are entering into strategic partnerships, mergers and are also focusing on novel product development to enhance product offerings.
The report analyses the global long fibre thermoplastics (LFT) market based on resin, fibre, process, application and geography. Various resins studied are segmented into polypropylene, polyamide, PEEK and polypthalamide. The process segment is categorized in pultrision, injection moulding, D-LFT. The fibre segment includes glass and carbon. Moreover, the major application considered in the study is automotive, aerospace, electronics, construction.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa.
Why to buy this report:
- The report offers changing market dynamics in the long fibre thermoplastics (LFT) market, presenting historical, current and projected market size in terms of value (USD Million)
- The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of Long Fibre Thermoplastics (LFT)
- It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the long fibre thermoplastics (LFT) market performance
- The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of long fibre thermoplastics (LFT) market
