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 : July, 2021 | Chemical & Materials

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 reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?