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Lucintel identifies and prioritizes opportunities for growth in the long fiber thermoplastics (LFT) market by end use application, automotive application, reinforcement type, resin type, and region

11-24-2016 03:35 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Lucintel

Insights that Matter

Insights that Matter

According to a new market report published by Lucintel, the future of the long fiber thermoplastic (LFT) market looks good with opportunities in automotive, consumer goods, and industrial goods markets. The global long fiber thermoplastic market is forecast to grow at a CAGR of 5.4% from 2015 to 2020. The major driver for market growth is the rise in demand for lightweight, environment-friendly thermoplastic composite materials in applications, such as automotive, consumer good, and industrial goods.
In this market, glass & carbon fibers as major reinforcements and polyamide (PA) & polypropylene (PP) resins as major matrices are used for making long fiber thermoplastics. Lucintel predicts that the demand for LFT is likely to experience a good growth during the forecast period supported by growing demand in end-user industries. On the basis of comprehensive research, Lucintel forecasts that the automotive segment is expected to show above average growth during the forecast period.
Within the LFT market, the automotive industry is expected to remain as the largest market both by value and volume. Growth in automotive production and increasing demand for lightweight materials to achieve higher fuel efficiency and reduce green- house gas emission is expected to spur growth for this segment over the forecast period.
Europe is expected to remain as the largest market during the forecast period due to higher acceptance level of composites materials, increasing use of thermoplastic-based composites, and growth in end use industries.
Asia Pacific & Rest of the World is expected to witness significant growth over the forecast period due to increasing penetration of composites in automotive, consumer goods, and industrial goods.
For market expansion, report suggests innovation and new product development to achieve higher stiffness, good impact strength, and better aesthetics properties, where the unique characteristics of LFT can be capitalized. The report further suggests the development of partnerships with customers to create win-win situations and development of high performance products for the end user.
Emerging trends in the global LFT market, which have a direct impact on the dynamics of the industry, include development of hybrid and higher performance LFTs, new application development by working closely with customers, and consolidation activities in the industry by way of merger and acquisition. SABIC, Celanese, RTP Company, TechnoCompound, and Chisso/JNC are among the major suppliers of LFT.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global long fiber thermoplastics market by end use application, automotive application, reinforcement type, resin type, and region, and has come up with a comprehensive research report, “Opportunities in Long Fiber Thermoplastics Market 2015-2020: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast of the global long fiber thermoplastics market through 2020, segmented by end-use applications, automotive application, reinforcement type, resin type, and region as follows:
By end use application [volume (M lbs) and $M shipment analysis for 2009 – 2020]:
• Automotive
• Consumer Goods
• Industrial Goods
• Others
By automotive application [volume (M lbs) and $M shipment analysis for 2009 – 2020]:
• Front-End Module
• Instrument Panel
• Underbody Shields
• Door Module
• Running Boards
• Others
By reinforcement type [volume (M lbs) and $M shipment analysis for 2009 – 2020]:
• Glass Fiber
• Carbon Fiber and Others
By resin type [volume (M lbs) and $M shipment analysis for 2009 – 2020]:
• Polyamide (PA)
• Polypropylene (PP)
• Others
By region [volume (M lbs) and $M shipment analysis for 2009 – 2020]:
• North America
• Europe
• Asia Pacific and Rest of the World
This 187-page 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 helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategy for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Lucintel, the premier global management consulting and market research firm, creates winning strategy for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Lucintel
222 Las Colinas Blvd West, Suite 1650, Irving, TX 75039, USA
Ph: +1-972-636-5056 Fax: +1-877-883-5140
marketing@lucintel.com

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