Global Long Fiber Thermoplastics Market, By Resin Type (Polypropylene, Polyamide, Poly-Butylene Terephthalate, Polyether Ether Ketone and Polyphenylene Sulphide), Product Type (Long Fiber Reinforced Thermoplastics, Short Fiber Reinforced Thermoplastics, Continuous Fiber Thermoplastics and Glass Mat Thermoplastics), Fiber Type (Glass Fiber and Carbon Fiber), Manufacturing Processing (Pellet Pultrusion Processing, Injection Moulding and Direct), Application (Automotive, Aerospace, Electrical and Electronics, Constructions, Consumer Goods, Sporting Goods, Marine, Industrial Goods and Others) - Industry Trends and Forecast to 2023 to 2030.
Long Fiber Thermoplastics Market Analysis and Size
The essential factors contributing to the growth of the global long fiber thermoplastics market in the forecast period of 2023 to 2020 include growth in the awareness about the beneficial properties of long fiber thermoplastics, and growing use of long fiber thermoplastics for a wide range of end use applications such as automotive, aerospace, electrical and electronics, constructions, consumer goods, sporting goods, marine, industrial goods and others and surge in industrialization especially in the developing countries.
Data Bridge Market Research analyses that the global long fiber thermoplastics market which was USD 4,403.36 million in 2022, is expected to reach USD 8,360.09 million by 2030, growing at a CAGR of 8.5% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Long Fiber Thermoplastics Market Scope and Segmentation
2023 to 2030
2021 (Customizable to 2015-2020)
Revenue in USD Million, Volumes in Units, Pricing in USD
Resin Type (Polypropylene, Polyamide, Poly-butylene Terephthalate, Polyether Ether Ketone and Polyphenylene Sulphide), Product Type (Long Fiber Reinforced Thermoplastics, Short Fiber Reinforced Thermoplastics, Continuous Fiber Thermoplastics and Glass Mat Thermoplastics), Fiber Type (Glass Fiber and Carbon Fiber), Manufacturing Processing (Pellet Pultrusion Processing, Injection Moulding and Direct), Application (Automotive, Aerospace, Electrical and Electronics, Constructions, Consumer Goods, Sporting Goods, Marine, Industrial Goods and Others)
U.S., Canada and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
LANXESS (Germany), Solvay (Belgium), PolyOne Corporation (U.S.), RTP Company (U.S.), Celanese Corporation (U.S.), Avient Corporation (U.S.), Daicel Corporation (Japan), Sumitomo Bakelite Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), PPG Industries, Inc. (U.S.), Asahi Kasei Corporation (Japan), SABIC (Saudi Arabia), Owens Corning (U.S.), TORAY INDUSTRIES, INC. (Japan), BASF SE (Germany), Polymer Group Ltd (U.S.), SGL Carbon (Germany), and JNC Corporation (Japan)
Long fiber thermoplastics are strengthened innovative structural products that possess a great level of solidness, durability, and quality. As a result, long fiber thermoplastics are being excessively used as substitutes to metals and plastics by a wide range of industry verticals.
Global Long Fiber Thermoplastics Market Dynamics
- Growth in Automotive Industry
The automotive industry is a major consumer of long fiber thermoplastics (LFT) materials. As the automotive sector continues to grow and evolve, driven by electric vehicle (EV) adoption and autonomous driving trends, the demand for lightweight, durable, and cost-effective materials such as LFTs is expected to rise.
- Innovation in Processing Technologies
Advancements in processing technologies, such as injection molding and extrusion, have made it easier and more cost-effective to manufacture LFT components. This has expanded their application in various industries. Moreover, long fiber thermoplastics can be tailored to meet specific performance requirements, including mechanical properties, thermal resistance, and electrical conductivity. Their versatility makes them suitable for a wide range of applications beyond automotive, including consumer goods, industrial equipment, and more.
- Increase in Demand for Durable Materials
Long fiber thermoplastics are known for their durability and impact resistance. Industries such as construction, infrastructure, and sports equipment are increasingly adopting these materials to enhance product performance and longevity.
- High Cost of Materials
Long fiber thermoplastics can be more expensive than traditional materials, which can be a significant barrier to adoption, especially in price-sensitive industries. In addition, surging availability of low quality and cheaper products will dampen the market growth rate.
- Regulatory Compliance to Industry Standards
Meeting industry specific regulatory standards and certifications can be challenging for LFT materials, especially in sectors with strict safety and performance requirements as LFT materials have the potential for recyclability, the processes for recycling them can be complex and expensive. This can hinder their environmental benefits and sustainability claims.
This global long fiber thermoplastics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global long fiber thermoplastics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
- In December 2022, Solvay S.A. partnered with Electronic Fluorocarbons (EFC) to gain exclusive distribution rights for its products in North American countries
- In November 2022, Celanese Corporation acquired a majority stake in the Mobility and Materials Business of DuPont, which improves its thermoplastics and elastomer product portfolio
- In 2020, Celanese Corporation declared a collaboration with Toyota Tsusho Corporation to manufacture Long Fiber Thermoplastics for automotive usage. This collaboration will help Celanese to expand its product range and meet the growing demand for lightweight in the automotive industry
Global Long Fiber Thermoplastics Market Scope
The global long fiber thermoplastics market is segmented on the basis of resin type, product type, fiber type, manufacturing processing and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Long Fiber Reinforced Thermoplastics
- Short Fiber Reinforced Thermoplastics
- Continuous Fiber Thermoplastics
- Glass Mat Thermoplastics
- Glass Fiber
- Carbon Fiber
- Pellet Pultrusion Processing
- Injection Moulding
- Upper Front-End Module
- Door Module
- Service Panel
- Under Body Shields
- Running Boards
- Electrical and Electronics
- Consumer Goods
- Sporting Goods
- Industrial Goods
Global Long Fiber Thermoplastics Market Regional Analysis/Insights
The global long fiber thermoplastics market is analysed and market size insights and trends are provided by of resin type, product type, fiber type, manufacturing processing and application as referenced above.
The countries covered in the global long fiber thermoplastics market report are U.S., Canada and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Europe dominates the global long fiber thermoplastics market due to the owing and to the growing application by automotive industry.
Asia-Pacific will continue to undergo substantial gains in the global long fiber thermoplastics market under the forecasted period of 2023 to 2030 due to the growth and expansion of various end user verticals especially in the developing economies such as India and China, rising urbanization and increasing application of long fiber thermoplastics as substitutes to metals.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Long Fiber Thermoplastics Market Share Analysis
The global long fiber thermoplastics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global long fiber thermoplastics market.
Some of the major players operating in the global long fiber thermoplastics market are:
- LANXESS (Germany)
- Solvay (Belgium)
- PolyOne Corporation (U.S.)
- RTP Company (U.S.)
- Celanese Corporation (U.S.)
- Avient Corporation (U.S.)
- Daicel Corporation (Japan)
- Sumitomo Bakelite Co., Ltd. (Japan)
- Mitsubishi Chemical Corporation (Japan)
- PPG Industries, Inc. (U.S.)
- Asahi Kasei Corporation (Japan)
- SABIC (Saudi Arabia)
- Owens Corning (U.S.)
- TORAY INDUSTRIES, INC. (Japan)
- BASF SE (Germany)
- Polymer Group Ltd (U.S.)
- SGL Carbon (Germany)
- JNC Corporation (Japan)