Long Fiber Thermoplastics (LFT) Global Market Report 2023: Sector to Reach $5.7 Billion by 2030 at an 8.4% CAGR

News provided by

May 26, 2023, 12:30 ET

DUBLIN, May 26, 2023 /PRNewswire/ -- The "Long Fiber Thermoplastics (LFT): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Long Fiber Thermoplastics (LFT) Market to Reach $5.7 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Long Fiber Thermoplastics (LFT) estimated at US$3 Billion in the year 2022, is projected to reach a revised size of US$5.7 Billion by 2030, growing at a CAGR of 8.4% over the analysis period 2022-2030.

Polypropylene (PP), one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$2.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Polyamide (PA) segment is readjusted to a revised 8.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $817.9 Million, While China is Forecast to Grow at 12.1% CAGR

The Long Fiber Thermoplastics (LFT) market in the U.S. is estimated at US$817.9 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 12.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 6.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$817.7 Million by the year 2030.

Select Competitors (Total 12 Featured) -

Celanese Corporation
Daicel Polymer Limited
PlastiComp Inc.
PolyOne Corporation
PPG Fiber Glass
RTP Company
SABIC
Solvay
Sumitomo Chemical Co., Ltd.
TechnoCompound GmbH

What`s New for 2023?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Key Attributes:

Report Attribute	Details
No. of Pages	178
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$3 Billion
Forecasted Market Value (USD) by 2030	$5.7 Billion
Compound Annual Growth Rate	8.4 %
Regions Covered	Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
A Prelude
Recent Market Activity
Consumption Analysis
Factors Driving LFT Consumption
Automotive Industry: The Major End-Use Sector for LFT
A Peek into the Competitive Landscape
Long Fiber Thermoplastics (LFT) - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

LFT In The Macro Economic Perspective - A Review
Positive Economic Outlook Keeps Market Sentiment Intact
Market on Growth Path In spite of Volatility in Global PMI
Positive Eurozone Economic Outlook Bodes Well for the Market
Fiscal Cliff Concerns in the US and the Road Ahead
Application Market Overview & Trends
Automotive Market
Product Innovations to Woo Automotive Manufacturers
Technological Improvements Enhance Durability of LFT Auto Components
LFTs- An Ideal Lightweight Substitute for Metals in the Auto Industry
Recyclability - Vital to Promote Uptake of LFT in Automotive Sector
Global Automotive Industry at a Glance
Rising Global Automotive Production - A Business Case
In-line Compounding Process Increases the Uptake of LFT
Demand from Non-Automotive Sector on the Rise
Select Market Trends
Hybrid LFTs Come to the Fore; Set to Drive Adoption of LFTs
Natural Fiber Reinforcements Gaining Prominence in LFRTs
Cellulose Fiber Reinforced Thermoplastic - A Natural Alternative
Advantages of LFT Gives an Upper Hand over GMT
Long Glass Fiber Reinforced Polypropylene - A Cut above the Rest
Focus on Performance Improvement Fuels Research
New Techniques Emerge for More Realistic Microstructure Simulation and Representation

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

A selection of companies mentioned in this report includes

Celanese Corporation
Daicel Polymer Limited
PlastiComp Inc.
PolyOne Corporation
PPG Fiber Glass
RTP Company
SABIC
Solvay
Sumitomo Chemical Co., Ltd.
TechnoCompound GmbH

For more information about this report visit https://www.researchandmarkets.com/r/s5r40a

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets