Long Fiber Thermoplastics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Long Fiber Thermoplastics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : August, 2020 | Chemical & Materials | PPT format

Report Digest


Long Fiber Thermoplastics Market: Snapshot

Used by itself or in combination with other materials, long fiber thermoplastics offer numerous advantages across a plethora of applications. Not only are long fiber thermoplastics fully reformable and recyclable, their reprocessing does not produce toxic effluents. As a result, the growing environmental concerns among the global populace have compelled several manufacturers to opt for these materials. Offering equally good mechanical performance as several metals, long fiber thermoplastics enable the production of much lighter alternatives at the same time. Weight reduction is crucial in the easing of handling fatigue, convenient portability, enhanced ergonomics, and improved functionality, thereby being a more cost efficient solution when compared with simpler conventional plastics.

Corrosion and heat resistance, dimensional stability, and radiolucency are some other properties of these materials that will fuel the demand for them. As the global consumer electronics industry is making vast strides, the need for long fiber thermoplastics is expected to fire up. This is because of the high dielectric properties and radio transparency of these materials. Consumer electronics that deploy technologies such as Bluetooth and other similar wireless transmission technologies can utilize long fiber thermoplastics as an ideal solution. Additionally, these materials can also be used in proximity with computed tomography (CAT or CT) scan and magnetic resonance imaging (MRI) scan diagnostic equipment, by virtue of their non- magnetic properties.

Full-fledged R&D activities in the domain of long fiber thermoplastics is a key aspect of the competitive landscape of the global market for long fiber thermoplastics. For instance, PlastiComp, a leading player, announced the completion of its new 'Da Vinci Lab', where studies pertaining to the new processing techniques and evaluation of polymer and fiber combinations will take place.

Global Long Fiber Thermoplastics Market: Overview

Based on performance, long fiber thermoplastics have reached their peak. They provide strength, stiffness, and toughness like no other material in their segment. They are often substituted for metals as they have the inherent characteristics to deliver high mechanical performance.

On the basis of resin type, the market can be segmented into polyamide (PA), polypropylene (PP), polybutylene terephthalate (PBT), and others. Long fiber thermoplastics application can be found in varied industries such as automotive, sporting goods, consumer goods, and electrical and electronics. The long fiber thermoplastics market can also be segmented on the basis of fiber type into long carbon fiber thermoplastic and long glass fiber thermoplastic.

The report presents a comprehensive overview of the various factors contributing to the expansion of the global long fiber thermoplastics market. It also presents insights into challenges that the market could face over the forecast period. The prevailing trends in the overall market operations are also studied in this report in detail.

Global Long Fiber Thermoplastics Market: Key Trends

Long fiber thermoplastics are lightweight and environment-friendly, hence they are widely used as applicants in industrial goods, automotive, and consumer goods – constituting as the major driver for long fiber thermoplastics market growth.

In terms of application, the automotive industry is said to drive market growth, both by volume and value. The automotive industry has to abide by strict laws and regulations, especially ones related to the emission of carbon dioxide. In order to reduce their carbon footprint, numerous automobile companies are opting for productive, efficient, and lightweight components, leading to low fuel consumption. This means that metal components will subsequently be replaced with lightweight components and this will up the usage of long fiber thermoplastics. 

There has been a considerable rise in the usage of polypropylene (PP) resins in the automotive, and electrical and electronics industries, enabling it to register a high growth rate based on resin type. What makes PP resins so popular is their features of elasticity, transmissivity, fatigue resistance, insulation, high chemical resistance, and toughness. In addition, PP resins have high resistance to electricity and are used along with glass or carbon fibers to manufacture electronic components.

Global Long Fiber Thermoplastics Market: Regional Outlook

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the prominent regions that form a strong base for the global long fiber thermoplastics market. Among the regions mentioned, Europe is expected to hold a large share in the market during the forecast period. The demand is expected to grow even further due to increasing use of thermoplastic-based composites, higher acceptance level of composites materials, and growth in end-use industries.

It is also projected that Asia Pacific and Rest of the World will exhibit a strong demand for long fiber thermoplastics in the near future. There is an enormous requirement for composites in consumer goods, automotive, and industrial goods, thereby giving impetus to the long fiber thermoplastics market growth.

Global Long Fiber Thermoplastics Market: Key Players

The report examines the prevailing competition in the market and profiles some of the leading companies operating in the global long fiber thermoplastics market. These include PolyOne, Celanese Corporation, Solvay S.A., Lanxess AG, RTP Company, and PlastiComp Inc. It also presents insights into the threats and opportunities that these companies are expected to witness in the near future.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.