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Long Fiber Thermoplastics Market Share

Report ID: GMI1747
Published Date: Feb 2019
Report Format: PDF

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Long Fiber Thermoplastics Market Share

Global long fiber thermoplastics industry is moderately fragmented with major players including:

SABIC
RTP Company
Solvay group
Asahi Kasei
Celanese Corporation
Plasticomp
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.

Authors: Kunal Ahuja, Sarita Bayas

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.