Long Fiber Thermoplastics Market SWOT Analysis, CAGR, Market Outlook, Industry Forecast to 2023

Long Fiber Thermoplastics (LFT) market is projected to rise at a faster rate during the forecast period (2017-2023) due to the growing demand from end use applications such as automotive, electrical and electronics industry. The increasing environmental concerns and increasing government regulations focusing on a superior fuel resulting in the growth of long fiber thermoplastics market during the forecast period. 

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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.

The global long fiber thermoplastics market is categorized by resin type, fiber type, application and geography. The market, by resin type, is segmented into polypropylene, Polyamide (PA), Polybutylene Terephthalate (PBT).

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.

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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.

Market Segmentation

By Resin Type

Polypropylene (PP)
Polyamide (PA)
Polybutylene terephthalate (PBT)
By Fiber Type

Long glass fiber thermoplastics
Long carbon fiber thermoplastics
By Applications

Automotive
Electrical and Electronics
Sporting Goods
Consumer Goods

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