Lucintel’s latest market report analyzed that long fiber thermoplastics provides attractive opportunities in the automotive, industrial, and consumer goods industries. The Long fiber thermoplastics market is expected to reach $1.0 billion by 2025 with a CAGR of 4.6%. In this market, LFRT is the largest segment by usage type, whereas automotive is largest by end use industry. The development of polyamide based LFT/D-LFT for structural application and increasing use of bio based materials in LFT provides strategic growth path in this market.
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Based on usage type, the Long fiber thermoplastics market is segmented into LFRT and D-LFT. The LFRT segment is accounted for the largest share of the market in 2020 due to increasing demand in the automotive and industrial application. The D-LFT segment is expected to witness highest growth over the forecast period due to the growing in-line part fabrication in automotive industry.
Browse in-depth TOC on “Long Fiber Thermoplastics Market”
114 – Tables
167 – Figures
226 – Pages
The long fiber thermoplastics market is marked by the presence of several big and small players. Some of the prominent players offering long fiber thermoplastics include SABIC, RTP Company, Cytec Solvay Group, Chisso/JN, Borealis AG, TechnoCompound, Sambark, Xiamen, PolyOne, and Celanese Corporation.
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