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Global Long Fiber Thermoplastics (LFT) Market Report 2021: Market to Reach $7.4 Billion by 2027 - Automotive Industry is the Major End-Use Sector for LFT

·4-min read

Dublin, Aug. 18, 2021 (GLOBE NEWSWIRE) -- The "Long Fiber Thermoplastics (LFT) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Long Fiber Thermoplastics (LFT) Market to Reach $7.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Long Fiber Thermoplastics (LFT) estimated at US$4.5 Billion in the year 2020, is projected to reach a revised size of US$7.4 Billion by 2027, growing at a CAGR of 7.4% over the analysis period 2020-2027.

Polypropylene (PP), one of the segments analyzed in the report, is projected to record a 8.4% CAGR and reach US$3.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polyamide (PA) segment is readjusted to a revised 7.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 12.6% CAGR

The Long Fiber Thermoplastics (LFT) market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2027 trailing a CAGR of 12.7% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 5.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Polybutylene Terephthalate (PBT) Segment to Record 6.2% CAGR

In the global Polybutylene Terephthalate (PBT) segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$563.3 Million in the year 2020 will reach a projected size of US$817.3 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2027, while Latin America will expand at a 7.2% CAGR through the analysis period.

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

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

  • Celanese Corporation (US)

  • Daicel Polymer Limited (Japan)

  • PlastiComp Inc. (US)

  • PolyOne Corporation (US)

  • PPG Fiber Glass (US)

  • RTP Company (US)

  • SABIC (Saudi Arabia)

  • Solvay (Belgium)

  • Sumitomo Chemical Company Ltd. (Japan)

  • TechnoCompound GmbH (Germany)

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

  • United States

  • Canada

  • Japan

  • China

  • Europe

  • France

  • Germany

  • Italy

  • United Kingdom

  • Spain

  • Russia

  • Rest Of Europe

  • Asia-Pacific

  • Australia

  • India

  • South Korea

  • Rest Of Asia-Pacific

  • Latin America

  • Argentina

  • Brazil

  • Mexico

  • Rest Of Latin America

  • Middle East

  • Iran

  • Israel

  • Saudi Arabia

  • United Arab Emirates

  • Rest Of Middle East

  • Africa

IV. COMPETITION

  • Total Companies Profiled: 32

For more information about this report visit https://www.researchandmarkets.com/r/d3t4e7

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press 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


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