Long Fiber Thermoplastics Market industry analysis research and trends report for 2017 – 2024

Long fiber thermoplastics is a kind of effectively mouldable thermoplastic used to make a variety of components which are primarily used in automotive industry. They have high level of durability, strength and stiffness which makes them an outstanding useful material. They are easily made by injection or compression molding and are available between 10-12mm length. LFT is used with different resins to enhance their properties, in turn improving the product performance.

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Long Fiber Thermoplastics Market size is mainly driven by automotive sector owing to its improved mechanical properties and low density. Stringent government rules regarding low carbon di oxide emissions have increased the demand for LFT materials in building lightweight and efficient vehicles consuming low fuel. Upsurge in use of LFT materials in front & rear modules, door modules, instrument panels and bumpers will reinforce the long fiber thermoplastics market in automotive sector.

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Replacing heavy metals with lightweight LFT components in various applications have boosted the industry growth. Another major application of this product is aerospace industry. As the aviation sector requires lightweight and high strength materials, LFT are highly preferred for making internal and external parts of airplane. Moreover, further R&D and product innovation using such materials will accelerate the long fiber thermoplastics market.

Some other key drivers which will augment the long fiber thermoplastics market are various end use applications in sports, electronics and construction industries. Excellent properties of LFT over SFT and reduced VOC emissions will propel the market demand. However, higher processing & manufacturing costs involved in manufacturing this product may restrain future long fiber thermoplastics market growth.

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1. Long Fiber Thermoplastics Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Key Long Fiber Thermoplastics Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

Long fiber thermoplastics are used in consumer & industrial goods, sports goods, electrical & electronics and automotive industries. Automobile is the fastest evolving application segment owing to its light weight properties. They are used in reducing overall weight of vehicle and improving the fuel efficiency while meeting several environmental regulations. Reduction of weight in automobiles saves energy and minimizes wear & tear of tires & brakes. Also, they have high strength and dimensional stability, providing freedom of design.

Europe is the fastest growing region for long fiber thermoplastics market owing to strict interventions by European Union regarding reduction of carbon di oxide emissions from automobiles. Well-established automobile sector in the region has raised long fiber thermoplastics market demand in the region.

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Global long fiber thermoplastics market is consolidated and moderately competitive owing to the presence of various industry players at global as well as local levels. Several crucial players indulged in this industry are Daicel Polymer, Celanese, PolyOne, Techno Compound, Sumitomo Chemical Company, RTP, SABIC, Plasticomp, PPG and Solvay.

Several international and regional market players are engaged in adopting new strategies to increase their share in long fiber thermoplastics market. Some of the strategies are mergers, acquisitions, agreements, and product development. In 2016, PPG introduced new LFT product named, ‘TUFROV 4520’. It has excellent abrasion resistance and tensile strength which enables manufacturing superior quality automotive components, aerospace cargo containers, truck liners and other high structural applications.

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