According to a market report by Lucintel, the future of the global long fiber thermoplastics market looks promising with opportunities in the automotive, consumer goods, and industrial goods end use industry. The global long fiber thermoplastics market is expected to grow at a CAGR of 4% from 2024 to 2031. The major drivers for this market are the increasing demand for lightweight parts with high performance benefits in the automotive industry helped to boost the global demand for long fiber thermoplastics.A more than 150-page report to understand trends, opportunity and forecast in long fiber thermoplastics market to 2031 by end use industry (automotive, consumer goods, industrial goods, and other end use industries), material forms (LFRT and D-LFT), fiber type (glass fiber, carbon and other fiber types), resin type (polypropylene, polyamide, and other resin types), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Lucintel forecasts that automotive industry will remain the largest end use industry and it is also expected to witness highest growth over the forecast period due to increasing demand for long fiber thermoplastics based plastic products in automotive end use industry.
LFRT will remain the largest segment by material forms both in terms of value and volume because it offers greater design flexibility and provides better resistance to chemicals and corrosion. LFRT is also expected to witness the highest growth over the forecast period.
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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 industry.
SABIC, Celanese Corporation, JNC Corporation, RTP Company, Syensqo are the major suppliers in the long fiber thermoplastics market.
This unique 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 write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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