Long Fiber Thermoplastics Market Size By Material (Glass, Carbon), By Resin (Polypropylene, Polyamide, Thermoplastic Polyurethane, Polybutylene Terephthalate, Polyphenylene Sulfide, Polycarbonate, PEEK), By Application (Automotive [Door Module, Air Inlet, Service Panel, Upper Front End, ABS/ESP Bracket ,Battery Cooling Box, Front MFB, Seat Handle, Latch Bracket, Wheel Cover, Seat Back], Aerospace, Electronics Appliances, Sports Leisure, Construction, Furniture), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Feb 2019  |  Report ID: GMI1747  |  Authors: Kunal Ahuja, Sonal Singh

Report Format: PDF   |   Pages: 450   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Overview

Long Fiber Thermoplastics (LFT) Market size was over USD 1.5 billion in 2018 and the industry expects a demand of above 690 kilo tons by 2025 owing to its application in aviation industry for manufacturing of aviation equipment’s as it is effectively cheaper as compared to metallic components and its convention in prefabricated movable houses as it upholds lightweight properties which makes them very trivial and easy to transport.
 

Long Fiber Thermoplastics are utilized in manufacturing of automotive components like car seats, dashboards and doors owing to its frivolous and robust mechanical stability. Global auto parts manufacturing market may surpass USD 465 billion by 2025. LFT are also utilized in manufacturing of electrical equipment’s as it upholds high thermal resistance which formulates it as virtuous insulator.
 

Thermoplastics Market Outlook

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Obese and deskbound lifestyle has increased medical ailments among individuals which has shifted public focus on cycling and sports activities. Global bicycle market is anticipated to surpass USD 80 billion by 2025. These factors have led to increase in sales of bicycles owing to its perfunctory, durability and toughness. Reinforced LFT is utilized in production of golf shaft, badminton racquets and chess boards.
 

Carbon fiber reinforced thermoplastics is utilized in automotive industry as it provides superfluous fuel efficiency owing to its lightweight property. Global automotive industry was estimated at USD 4 trillion in 2018 and significant rise in demand is anticipated in impending period. Automobiles consists of complex design and need flexible material to make aerodynamic structures to reduce drag and wind noise in car cabins which in turn may upsurge the long fiber thermoplastics market by 2025.
 

These thermoplastics are also utilized as composites in building and constructions because of its corrosion free and nonconductive nature which internally shields building structures and increase its involuntary strength and life. Global construction market is likely to surpass USD 15 trillion by 2025. Increasing usage of alternatives like thermosets owing to their structural integrity, thermal & heat resistant it is widely utilized in automotive, aerospace and construction industry as it upholds lower cost.
 

LFT is employed in manufacturing of electronic appliances like microwaves, iron, air purifiers, hair driers, ceiling fans and air conditioners owing to its nonconductive nature which may intensify long fiber thermoplastics market size. Global electrical appliance market is projected to surpass USD 1.20 trillion by 2025, which is likely to stimulate product demand by 2025.
 

Polyamides are blended with LFT in manufacturing of furniture owing to abrasion resistive nature which shield products from external impacts which in turn may intensify product demand. It is also utilized in manufacturing of rail wagons which increases its robustness on track and make locomotion comfortable. These thermoplastics components are deployed in handicraft industry to make pool chairs, office and garden artefacts owing to its mechanical stability and rigidity which shields artefacts from direct sunlight.
 

Market, By Material

Long fiber thermoplastics market size from glass fiber reinforced thermoplastics material may surpass USD 2 billion by 2024. This product is widely used in automotive industry as it boasts flexibility which makes moulding of car parts comfortable. It also provides more resistance for handling damages and prevents cracks which may cause paint pops, blistering and pits which in turn increase bondage and provide mechanical solidity. These products are widely used in building & construction, automotive manufacturing, aerospace industry and electrical industry.
 

Market, By Resin

Long fiber thermoplastics market size from polypropylene resin is anticipated to surpass USD 1.5 billion in the estimated time span.  The product is utilized in packaging and manufacturing of toys, furniture components and bumpers owing to its chemical and heat resistant properties which may uplift product demand by 2025.
 

LFT market size from polyamide resin is projected witness gains of over 9% in forecasted timeline. These thermoplastics upholds exceptional mechanical properties because of which it is utilized for industrial application in manufacturing of cars and tractors, dashboards, gaskets and ceiling fans.
 

Market, By Application

Long Fiber Thermoplastics Market by Application

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Long glass fiber thermoplastics market size from automobile applications is predicted to witness gains of over 10% in the estimated timeframe. The product is widely used in automotive industry owing to its stiffness and robustness which make it appropriate for manufacturing of sports utility vehicles.
 

Aerospace application is anticipated to surpass 95 kilo tons by 2025. These products are utilized in aerospace industry for production of aeronautic machineries to reduce bulkiness of these machines which makes conveyance of these machineries easy. It is also employed in production of electronic appliances.
 

Market, By Region

Asia Pacific led by India, South Korea, and Japan long fiber thermoplastics market is predicted to surpass USD 700 million by 2025. The product has usage in manufacturing of automotive interiors, hood components and under bumpers. On the other hand, the Europe may witness significant gains of 9.5% by 2025.
 

Automobile industry in European region has evolved very rapidly as it houses many big automobile manufacturing companies which has its sales globally. Long fiber thermoplastics (LFT) market size may witness significant gains as carbon reinforced thermoplastics are employed in manufacturing of automobiles to reduce kerb weight of vehicles which will suggestively make vehicles fuel efficient.
 

Brazil may witness substantial growth in the forecasted timeframe owing to mounting sanitization schemes. Initiative by government has been taken to improve sanitization of this region which in turn has increased construction of waste water management systems which may escalate the long fiber thermoplastics market revenue owing to its low weight and sturdiness.
 

Competitive Market Share

Global long fiber thermoplastics industry is moderately fragmented with major players including SABIC, RTP Company, Solvay group, Asahi Kasei, Celanese Corporation, Plasticomp and Quadrant Group. Companies have partnered with manufacturers by implementing mergers & acquisitions, partnership, joint ventures and capacity expansion. Companies are focussing on developing new technologies to enhance LFT market. In June 2016 Plasticomp announced that its new research and development lab especially for long fiber thermoplastics.
 

Industry Background 

LFT are heat & thermal resistant components which are largely used in automotive, aerospace and electrical and electronic industries these thermoplastics are blended with glass and carbon fibers   to form carbon and glass-based structures which increases robustness of these thermoplastics which may amplify long fiber thermoplastics demand.
 

Long fiber thermoplastics market report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Kilo tons and revenue in USD from 2014 to 2025, for the following segments:

By Material

  • Glass Fiber
  • Carbon Fiber

By Resin

  • Polypropylene
  • Polyamide
  • Thermoplastic polyurethane
  • Polybutylene terephthalate
  • Polyphenylene sulfide
  • Polycarbonate
  • PEEK

By Application

  • Automotive
    • Door Module
    • Air inlet
    • Service panel
    • Upper front end
    • ABS/ESP bracket
    • Battery cooling box
    • Front MFB
    • Seat Handle
    • Latch bracket
    • Wheel cover
    • Seat back
  • Aerospace
  • Electronics Appliances
  • Sports & Leisure
  • Construction
  • Furniture

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Poland
    • Netherlands
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Malaysia
    • Thailand
  • LATAM
    • Brazil
  • MEA
    • Saudi Arabia
    • UAE
    • Morocco
    • South Africa
    • Iran

 

Frequently Asked Questions (FAQ) :

The global long fiber thermoplastics (LFT) market size surpassed USD 1.5 billion in 2018 and will cross 690 kilo tons in terms of volume through 2025 driven by higher adoption in the aviation sector for the production of aviation equipment.
Demand for glass fiber reinforced thermoplastics is expected to reach close to USD 2 billion in the coming years as it is extensively adopted in the automotive sector for boosting flexibility in making the molding of car parts comfortable
The LFT industry revenue from automobile applications could observe gains at up to 10% through 2025 owing to increasing use in the manufacturing of sports utility vehicles.
Asia Pacific long fiber thermoplastics market led by India, South Korea, and Japan will exceed USD 700 million by 2025 with higher penetration in the manufacturing of automotive interiors, hood components, and under bumpers.
RTP Company, SABIC, Solvay Group, Celanese Corporation, Asahi Kasei, Plasticomp and Quadrant Group are some major players in the long fiber thermoplastics market.

Premium Report Details

  • Published Date: Feb 2019
  • Pages: 450
  • Tables: 506
  • Charts / Figures: 21
  • Companies covered: 15
  • Countries covered: 25

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