According to Stratistics MRC, the Global Long Fiber Thermoplastics (LFT) market is estimated to grow at a Compound Annual Growth Rate (CAGR) of more than 5% during the forecast period 2015 to 2022. Market growth is due to rise in demand for weightless and environment-friendly thermoplastic composite materials. Increasing environmental concerns and growing government mandates to attain superior fuel economy helps the Long Fiber Thermoplastics market to grow in the coming years.
The automotive application is anticipated to be the largest market in terms of both value and volume. Growth in automotive production is estimated to fuel the growth of this segment during the forecast period. Europe remains as the largest market due to greater acceptance level of composite materials, growing usage of thermoplastic-based composites, and enormous growth in end user applications.
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Some of the key players in the Long Fiber Thermoplastics (LFT) market include Celanese Corporation, RTP Company, JNC Corporation, SABIC, PlastiComp Inc, Daicel Polymer Limited, TechnoCompound GmbH, SAMBARK LFT Co. Ltd., Composite Technologies Co. LLC, PPG Fiber Glass, JNC Corporation, PlastiComp Inc., SABIC, and Sumitomo Chemical Company Ltd.
Resin Types of Long Fiber Thermoplastics (LFT) Covered:
End-use Applications Covered:
o Door Modules
o Instrument Panels
o Running board
o Front-End Modules
o Dash board
o Underbody Shields
o Other Applications
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