Short Fiber Thermoplastic Market is Forecasted to Reach US$ 18 billion in 2027, Says Stratview Research

The global Short Fiber Thermoplastic Market is projected to witness a growth rate of 5.4% annually from 2022 to 2027, with an anticipated size of US$ 18 billion in 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Short Fiber Thermoplastic Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2772/short-fiber-thermoplastic-market.html#form

Report Highlights:
Market Size in 2027: US$ 18 Billion
Growth (CAGR): 5.4% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Short Fiber Thermoplastic Market:
The global Short Fiber Thermoplastic Market is segmented based on end-use industry type, fiber type, resin type, and region.

Based on resin type - The market is segmented into PP (polypropylene), PA (Polyamide), PBT (polybutylene terephthalate), PPS (Polyphenylene sulfide), PC (Polycarbonate Resin), and others. PA resin is expected to remain the most preferred resin type in the SFT market during the forecast period. PA resin offers high temperature and electrical resistance and is widely used in transportation and consumer goods applications. Some commonly used polyamides are PA11, PA12, PA46, PA6, and PA66.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2772/short-fiber-thermoplastic-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the largest as well as the fastest-growing market (value & volume) for SFTs over the forecast period. This growth outlook is majorly attributed to the following-
• Growing acceptance of lightweight parts, a gradual shift of manufacturing base in a few Asian countries, especially China, and India, and presence of several SFT suppliers (both international as well as domestic) in the region. China is the biggest market for SFTs in the region and continues to outpace the global market growth.
• On the other hand, India is a relatively small market but represents humongous growth opportunities for the market participants in the post-pandemic market developments.

Short Fiber Thermoplastic Market Drivers:
Some of the key drivers listed in the report are given below.
The market is getting back on track with Omicron's worries deteriorating and improving demand from the major end-use industries such as automotive, consumer goods, and electrical & electronics.

Top 10 Companies in the Short Fiber Thermoplastic Market:
Stratview Research has identified the following companies as the top market players:
• BASF SE
• DSM N.V.
• The Dow Chemical Company
• SABIC
• LANXESS AG

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Short Fiber Thermoplastic Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• High-Performance Thermoplastic Composites Market: https://www.stratviewresearch.com/542/high-performance-thermoplastic-composites-market.html
• Long Fiber Thermoplastics Market: https://www.stratviewresearch.com/793/long-fiber-thermoplastics-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.