CHICAGO, April 23, 2020 /PRNewswire/ -- According to the new market research report "Long Fiber Thermoplastics Market By Resin (PP, PA, PEEK, PPA), Fiber (Glass, Carbon), Manufacturing Process (Injection Molding, Pultrusion, D-LFT), End-use Industry (Automotive, Electrical & Electronics), Region - Global Forecast To 2025", published by MarketsandMarkets, the global Long Fiber Thermoplastics Market size is projected to reach USD 4.6 billion by 2025, at a CAGR of 10.5%, during the forecast period.
Request for PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=143452466
Browse in-depth TOC on "Long Fiber Thermoplastics Market"
120 – Tables
54 – Figures
175 – Pages
View Detailed Table of Content Here:
https://www.marketsandmarkets.com/Market-Reports/long-fiber-thermoplastic-market-143452466.html
The global long fiber thermoplastics market size is expected to grow from USD 2.8billion in 2020 to USD 4.6 billion by 2025, at a CAGR of 10.5%, during the forecast period.Owing to anincrease in the demand for high-performance materials with properties, such as high strength-to-weight ratio, good tensile strength, and electrical conductivity, the global long fiber thermoplastics market is expected to witness significant growth during the forecast period.
PP resin comprises a major share of the long fiber thermoplastics market in terms of value and volume.
PP resin is a thermoplastic manufactured by combining propylene monomers. It is used in both consumer goods and industrial applications. Its unique properties and ability to adapt to various fabrication techniques make it a suitable material in a wide range of applications.
The injection molding process to account for the largest share in the global long fiber thermoplastics market during the forecast period in terms of value and volume.
Injection molding is a fast, high-volume, closed molding process that uses, most commonly, reinforced thermoplastics composites, such as nylon with chopped glass fiber. It is used for producing parts by injecting molten material into a mold. In this process, material for the part is fed into a heated barrel, mixed, and injected into a mold cavity. This process offers low-cost tooling, which is economical for low production volumes or for the production of large parts.
Glass fiber to have a significant market share in the global long fiber thermoplastics market during the forecast period.
Glass fiber is the most preferred and cost-effective reinforcement used for long fiber thermoplastics. Long glass fiber thermoplastic composites are manufactured through continuous filaments of fiber, which are melt-impregnated with thermoplastic polymer by the pultrusion process to create a high-performance bond. These are then cut into 1/2-inch (12 mm) composite pellets for convenient processing into net shapes via injection molding or extrusion processes. Glass fiber is commonly used as a reinforcing element in commercial and industrial composites.
The automotive end-use industry to account for the largest share in the global long fiber thermoplastics market during the forecast period in terms of value.
The strength-to-weight ratio of most of the long fiber thermoplastics is higher than that of steel and aluminum. The automotive industry needs to follow stringent regulations regarding fuel efficiency and weight reduction without compromising safety, performance, and processing efficiency. These requirements are fulfilled by the long fiber thermoplastics that provide material solutions for structural and semi-structural parts. They help in meeting requirements, such as weight reduction, structural performance, and maximum energy absorption. The manufacturing of cost-efficient parts and reliable mass production processes are enabled by the low processing cycle times of long fiber thermoplastics, which also increase their demand in the automotive industry.
Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=143452466
Europe to account for the largest market share in the long fiber thermoplastics market during the forecast period.
Europe was the largest long fiber thermoplastics market, in terms of value, in 2019. The demand for these thermoplastics in automotive, electrical & electronics, and other industries is projected to improve due to product innovation and technological advances made in this sector. These factors drive the demand for long fiber thermoplastics during the forecast period.
Key players in the Long Fiber Thermoplastics (LFT) Market include Celanese Corporation (US), SABIC (Saudi Arabia), Lanxess AG (Germany), BASF SE (Germany), Mitsubishi Chemical Holdings (Japan), PlastiComp Inc. (US), Daicel Polymer Ltd. (Japan), Asahi Kasei Corporation (Japan), RTP Company Inc. (US), and Solvay (Belgium).. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the long fiber thermoplastics market.
Browse Adjacent Markets: Fibers and Composites Market Research Reports & Consulting
Related Reports:
Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process, End-use Industry and Region - Global Forecast to 2024
https://www.marketsandmarkets.com/Market-Reports/composite-market-200051282.html
Carbon Fiber Market by Raw Material (PAN, Pitch, Rayon), Fiber Type (Virgin, Recycled), Product Type, Modulus, Application (Composite, Non-composite), End-use Industry (A & D, Automotive, Wind Energy), and Region - Global Forecast to 2029
https://www.marketsandmarkets.com/Market-Reports/carbon-fiber-396.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/long-fiber-thermoplastic-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Source content: https://www.marketsandmarkets.com/PressReleases/long-fiber-thermoplastic.asp
SOURCE MarketsandMarkets
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO87388&Transmission_Id=202004230530PR_NEWS_USPR_____IO87388&DateId=20200423)
Share this article