Press release
Long Fiber Thermoplastics Market by Resin Type, Fiber Type & by Size - 2023
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Long fiber thermoplastics are bulk molding materials with high mechanical performance characteristics such as stiffness, strength and toughness which are combined into a single material thereby, forming a substitute to metals. These long fiber thermoplastics are continuous fiber filaments flowing along the length of the pellet, with improved stiffness, strength and impact resistance.
The primary drivers of the long fiber thermoplastics market are the extensive use in manufacturing light weight structural parts in automobiles, increasing use of polyamide LFT in turbocharged engines and crash absorbers, use of reinforced polypropylene in the construction industry, growing use of LFTs in wind turbines, expanding applications in aviation and electronics sector.
By fiber type, the global long fiber thermoplastics market is segmented into long glass fiber thermoplastics and long carbon fiber thermoplastics. Long glass fiber thermoplastics market is forecasted to increase during the forecast period on account of the intensive demand for glass fibers in automotive, electrical and electronics industry.
The long fiber thermoplastics, by application, is categorised into Automotive, Electrical & Electronics, Sporting Goods, and Consumer Goods. The automotive industry is projected to spur the long fiber thermoplastics market, in terms of value and volume, due to extensive demand for lightweight materials and reduce green-house gas emissions.
The primary restraints to the growth of long fiber thermoplastics market include improved mechanical properties and cost efficiency of thermosets as compared to long fiber thermoplastics.
Read summary of report here : https://www.psmarketresearch.com/market-analysis/long-fiber-thermoplastics-market
The key players in the long fiber thermoplastics market include Celanese Corporation, RTP Company, JNC Corporation, Daicel Polymer Limited, Sumitomo Chemical Company Ltd, PPG Industries, Inc., SABIC, CTC Plastics, LANXESS, Solvay.
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