About Long Fiber Thermoplastics
Long fiber thermoplastic is easily mouldable thermoplastic. It is used to manufacture wide range of components. It is mainly used in automotive industry to product lightweight automotive parts. It is widely used to replace rubber and metal. The demand for Long fiber thermoplastic has been raised for manufacturing of number of lightweight materials that are used in range of industries. They are made up of rigid thermoset resins. They poses high tensile strength, high resistance as compared to elastomeric. Hence, Long fiber thermoplastic witnessing huge demand from automotive industry. Inclination towards using eco-friendly composites created demand for bio based & hybrid Long fiber thermoplastic.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Long Fiber Thermoplastics market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Long Fiber Thermoplastics Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GS Caltex (South Korea), Celanese Corporation (United States), SABIC (Saudi Arabia), Lanxess AG (Germany), BASF SE (Germany), Mitsubishi Chemical Group (Japan), Asahi Kasei Corporation (Japan), Avient Corporation (United States), Teijin Limited (Japan) and Lotte Chemical (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are RTP Company (United States), Daicel Corporation (Japan) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Long Fiber Thermoplastics market by Type (LFT-G and LFT-D) and Region.
On the basis of geography, the market of Long Fiber Thermoplastics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Bio Based will boost the Long Fiber Thermoplastics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use , the sub-segment i.e. Transportation will boost the Long Fiber Thermoplastics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fibre Type, the sub-segment i.e. Glass will boost the Long Fiber Thermoplastics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resin Type, the sub-segment i.e. Polypropylene will boost the Long Fiber Thermoplastics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Major Focus on Using Lightweight Automotive Equipment’s
Market Growth Drivers:
Rising Demand for Lightweight Materials in End Use Industries like Aerospace, Constructions and Other, Increasing Preference for 3D Mouldability and Grown Usage of Fuel Efficient Vehicle Leads Lightweight Material Manufacturing
Challenges:
Difficulty in Recycling of Synthetic Long Fiber Thermoplastics and High Cost Processing of Polyurethane Composite
Restraints:
Low Shelf Life of Adhesives and Sealants Made Up Of Long Fiber Thermoplastics
Opportunities:
Rising Infrastructure of End Use Industries Has Created Growth Opportunities for Market and Huge Demand as Essential Material for Manufacturing of Consumer Goods
Market Leaders and their expansionary development strategies
In May 2022, Solvay announced an investment in the production facility to boost the production of long fiber thermoplastics range Xencor LFT.
In June 2021, Avient launched a new series of nylon-based long fiber thermoplastics with smooth surface aesthetic and moisture resistance.
Key Target Audience
Long Fiber Thermoplastics Manufacturers, Long Fiber Thermoplastics Suppliers/Distributor, Raw Material Suppliers, Chemical Research Institutes, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.