According to a new market report published by Lucintel, the future of the SFT market looks promising with opportunities in the transportation, consumer goods, and electrical and electronics end uses. The global SFT market is expected to reach an estimated $25.3 billion by 2027 with a CAGR of 6.1% from 2021 to 2027. The major drivers for growth in this market are increasing demand for light weight materials in different application markets where complex parts are designed.
Browse 96 market data tables and 138 figures spread through 185 pages and in-depth TOC on “Global SFT Market"
In this market, glass fiber and carbon fiber are the various reinforcement type of SFT. Lucintel forecasts that glass fiber will remain the largest segment by value and volume over the forecast period because it offers high tensile strength and provides outstanding electrical properties.
Within the SFT market, automotive industry will remain the largest end use industry over the forecast period due to increasing demand for short fiber thermoplastics based plastic products in automotive industry. Consumer goods is expected to witness the highest growth over the forecast period.
APAC is expected to remain the largest region by value and volume over the forecast period 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 of high temperature resistance grades of SFT with PA6 to replace high cost resin systems and increasing use of recycled carbon fiber as CF reinforced compounds. BASF, DSM, DuPont, SABIC, Solvay, Lanxess companies are among the major suppliers of SFT.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global SFT market by end use, reinforcement type, resin type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global SFT 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 SFT market by end use, reinforcement type, resin type, and region as follows:
By End Use [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•Transportation
•Consumer Goods
•Electrical and Electronics
•Others
By Reinforcement Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•Glass Fiber
•Carbon Fiber
By Resin Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•Polypropylene
•Polyamide
•Polybutylene Terephthalate
•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 185-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/short-fiber-thermoplastics-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
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This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global SFT market by end use (transportation, consumer goods, electrical and electronics, and others), reinforcement type (glass fiber and carbon fiber), resin type (polypropylene, polyamide, polybutylene terephthalate 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?