Long Fiber Thermoplastics Market Analysis

Long Fiber Thermoplastics Market Analysis

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.

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.

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.

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.