According to a new market report published by Lucintel, the future of the LFT market looks promising with opportunities in the automotive, consumer goods, and industrial goods end uses. The global LFT market is expected to reach an estimated $1.7 billion by 2027 with a CAGR of 6.7% from 2021 to 2027.
Browse 68 market data tables and 107 figures spread through 205 pages and in-depth TOC on “Global LFT Market"
The major drivers for growth in this market are increasing demand for lightweight parts with high performance benefits in the automotive industry helped to boost the global demand for long fiber thermoplastics.
In this market, long fiber reinforced thermoplastic (LFRT) and direct long fiber thermoplastic (D-LFT) are the major material forms of LFT. Lucintel forecasts that LFRT will remain the largest segment by material form both in terms of value and volume because it offers greater design flexibility and provides better resistance to chemicals and corrosion and it is expected to witness the highest growth over the forecast period due to its better cleansing and moisturizing properties. D-LFT is expected to witness the highest growth over the forecast period
Within the LFT market, automotive industry will remain the largest end use industry over the forecast period due to increasing demand for long fiber thermoplastics based plastic products in automotive industry. Consumer goods is expected to witness the highest growth over the forecast period.
Europe is expected to remain the largest region by value and volume and ROW is expected to experience the highest growth over the forecast period due to growth in end use industries.
Emerging trends, which have a direct impact on the dynamics of the industry, includes development and use of polyamide in LFT as well as D-LFT are replacing PP for more structural applications and growing focus on bio-based materials for LFT. SABIC, Ticona/Celanese, JNC, RTP Company, and TechnoCompound companies are among the major suppliers of LFT.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global LFT market by end use, material form, fiber type, resin type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global LFT Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global LFT market by end use, material form, fiber type, resin type, and region as follows:
By End Use [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•Automotive
•Consumer Goods
•Industrial Goods
•Others
By Material Form [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•Long Fiber Reinforced Thermoplastic (LFRT)
•Direct Long Fiber Thermoplastic (D-LFT)
By Fiber Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•Glass Fiber
•Carbon Fiber and Others
By Resin Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•Polypropylene
•Polyamide
•Others
By Region [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•North America
•Europe
•Asia Pacific
•The Rest of the World
This 205-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/long-fiber-thermoplastics-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global LFT market by end use (automotive, consumer goods, industrial goods, and others), material forms (LFRT and D-LFT), fiber type (glass fiber, carbon fiber and others), resin type (polypropylene, polyamide, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?