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Long Fiber Thermoplastics Market to Witness Huge Growth by Key Players: Celanese Corporation, SABIC, Lanxess AG, BASF SE, Mitsubishi Chemical Holdings, PlastiComp Inc, Daicel Polymer Ltd, Asahi Kasei Corporation and Others.

04-25-2020 04:58 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

Long Fiber Thermoplastics Market to Witness Huge Growth by Key

According to Market Study Report, Long Fiber Thermoplastics Market provides a comprehensive analysis of the Long Fiber Thermoplastics Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Long Fiber Thermoplastics Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Global Long Fiber Thermoplastics Market size is projected to grow from USD 2.8 Billion in 2020 to USD 4.6 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.5% between 2020 and 2025. This report spread across 175 pages, profiling 10 companies and supported with 120 tables and 54 figures are now available in this research.

Top Key Players Profiled in the Long Fiber Thermoplastics Market:
o Celanese Corporation (US)
o SABIC (Saudi Arabia),
o Lanxess AG (Germany),
o BASF SE (Germany),
o Mitsubishi Chemical Holdings (Japan),
o PlastiComp Inc. (US),
o Daicel Polymer Ltd. (Japan),
o Asahi Kasei Corporation (Japan),
o RTP Company Inc.(US),
o Solvay (Belgium)

"PA is the fastest-growing resin type of long fiber thermoplastics market in terms of value."
PA resin type is projected to register the highest CAGR in terms of value between 2020 and 2025. PA is partially crystalline thermoplastics that offer an ideal combination of properties for applications, such as automotive, furniture, medical, and electronics. The resin is used in long fiber thermoplastics, as it is easy to process, has high resistance to heat and chemical attack, high mechanical strength, and stiffness with good dielectric properties, good friction, and wear resistance.

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"Injection molding process is the largest manufacturing process segment of long fiber thermoplastics, in terms of value and volume."
Injection molding is the largest manufacturing process in the long fiber thermoplastics market. It is a fast, high-volume, closed molding process that uses, most commonly, reinforced thermoplastics composites, such as nylon with chopped glass fiber. It is used for producing parts by injecting molten material into a mold. In the injection molding process, material for the part is fed into a heated barrel; it is mixed and injected into a mold cavity.

"Glass is the largest fiber type in the long fiber thermoplastics market in terms of value."
Glass fiber type is projected to register the highest CAGR in terms of value between 2020 and 2025. Glass fiber is the most preferred and cost-effective reinforcement used for long fiber thermoplastics. Long glass fiber thermoplastic composites are manufactured through continuous filaments of fiber, which are melt-impregnated with thermoplastic polymer by the pultrusion process to create a high-performance bond. These are then cut into 1/2-inch (12 mm) composite pellets for convenient processing into net shapes via injection molding or extrusion processes.

Breakdown of primary participants' profile:
o By Company Type- Tier 1- 35%, Tier 2- 40%, and Tier 3- 25%
o By Designation- C Level- 25%, Director Level- 35%, and Others- 40%
o By Region- North America- 20%, Europe- 35%, Asia Pacific (APAC) - 25%, Latin America-5%, Middle East & Africa (MEA)-15%,

Competitive Landscape of Long Fiber Thermoplastics Market:
1 Introduction
2 Competitive Leadership Mapping
2.1 Visionary Leaders
2.2 Dynamic Differentiators
2.3 Emerging Companies
2.4 Innovators
3 Strength Of Product Portfolio
4 Business Strategy Excellence
5 Market Ranking
6 Revenue Analysis Of Top Players
7 Competitive Scenario
7.1 New Product Launch/New Product Development
7.2 Name Change
7.3 Expansion

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Research Coverage:
This report covers the global long fiber thermoplastics market and forecasts the market size until 2025. It includes the following market segmentation - Resin Type (PP, PA, PEEK, PPA, Others), Fiber Type (Glass, Carbon, Others), Manufacturing Process (Injection Molding, Pultrusion Process, D-LFT, Others), End-use Industry (Automotive, Electrical & Electronics, Consumer Goods, Sporting Goods, and Others) and Region (Europe, North America, APAC, Latin America, and MEA). Porter's Five Forces Analysis, along with the drivers, restraints, opportunities, and challenges, have been discussed in the report.

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