Long Fiber Thermoplastics Market Size

Long Fiber Thermoplastics Market Size

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.

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.