Lucintel’s latest market report analyzed that short fiber thermoplastics provides attractive opportunities in transportation, consumer goods, and electrical/electronic industries. The Short fiber thermoplastics market is expected to reach $15.1 billion by 2025 with a CAGR of 2.2%. In this market, transportation is the largest segment by end use industry, whereas polyamide is largest by resin type. The development of high temperature resistance PA6 compounds to replace PA46 and PA12 and increasing use of recycled carbon fiber in SFT provides strategic growth path in this market.
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Based on end use industry, the short fiber thermoplastics market is segmented into transportation, consumer goods, electrical/electronics, and others. The transportation segment accounted for the largest share of the market in 2020 due to the wide application of SFT as it offers higher strength to weight ratio, recyclability, and have ability to mold complex shapes and consumer goods is expected to register the highest CAGR during the forecast period due to the increasing demand for lightweight and high performance plastics.
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105 – Tables
157 – Figures
214 – Pages
The short fiber thermoplastics market is marked by the presence of several big and small players. Some of the prominent players offering short fiber thermoplastics include BASF, DSM, DowDuPont, SABIC, and Lanxess others.
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