$4.26 Billion Long Fiber Thermoplastics Market 2017 by Resin Type, Fiber Type, Application and Region - Global Forecast to 2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Long Fiber Thermoplastics Market by Resin Type, Fiber Type, Application and Region - Global Forecast to 2021" report to their offering.

The global Long Fiber Thermoplastics (LFT) market is projected to grow from USD 2.77 Billion in 2016 to USD 4.26 Billion by 2021, at a CAGR of 8.96% during the forecast period.

The growth of the market is expected to be driven by the high demand for long fiber thermoplastics from the automotive industry. Long fiber thermoplastics are used in the manufacturing of lightweight automobile components to reduce overall weight and gain fuel efficiency to meet various.

Product performance can be enhanced with the use of resins along with long fiber thermoplastics. As per the requirement of the application, long fiber thermoplastics are used with different resins to exhibit properties that enhance the performance of the product.

Europe is estimated to be the largest market for long fiber thermoplastics. Presence of some of the major automotive manufactures, including such as BMW (Germany), Volkswagen (Germany), and Mercedes-Benz (Germany) is expected to aid the growth of the market in Europe. Germany is a key long fiber thermoplastics market in Europe, due to the growing automotive industry in the country.

Market Dynamics

Drivers

  • Increase in Demand for Fuel-Efficient Vehicles
  • Exceptional Properties of Long Fiber Over Short Fiber Thermoplastics
  • Less Generation of Vocs and Recycling Capabilities

Restraints

  • Weaker Mechanical Properties and Higher Cost Than Thermosets
  • High Processing and Manufacturing Costs

Opportunities

  • Increasing Use of Long Fiber Thermoplastic in Various End-Use Industries

Challenges

  • Need for Reducing Capital and Technology Costs

Companies Mentioned

  • Asahi Kasei Plastics North America Inc.
  • Celanese Corporation
  • Daicel Polymer Ltd.
  • Dieffenbacher
  • Kingfa
  • Lanxess AG
  • Plasticomp Inc.
  • Polyone
  • PPG Fiber Glass Inc.
  • Quadrant AG
  • RTP Company, Inc.
  • Sbhpp
  • SGL Group
  • Solvay SA
  • Technocompound GmbH

For more information about this report visit http://www.researchandmarkets.com/research/9hlfk6/long_fiber

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Plastics, Plastic Resins, Composites

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Plastics, Plastic Resins, Composites