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Long Fiber Thermoplastics (LFT) - Global Market Trajectory & Analytics

  • ID: 1946787
  • Report
  • July 2020
  • Region: Global
  • 374 Pages
  • Global Industry Analysts, Inc
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Global Long Fiber Thermoplastics (LFT) Market to Reach US$7.4 Billion by the Year 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 grow at a 8.4% CAGR to 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. This segment currently accounts for a 28.8% share of the global Long Fiber Thermoplastics (LFT) market.

The U. S. Accounts for Over 26.8% of Global Market Size in 2020, While China is Forecast to Grow at a 12.6% CAGR for the Period of 2020-2027

The Long Fiber Thermoplastics (LFT) market in the U. S. is estimated at US$1.2 Billion in the year 2020. The country currently accounts for a 26.79% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.8 Billion in the year 2027 trailing a CAGR of 12.7% through 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 while Rest of European market (as defined in the study) will reach US$1.8 Billion by the year 2027.

Polybutylene Terephthalate (PBT) Segment Corners a 16.7% Share in 2020

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. The publisher brings years of research experience to this 19th edition of our report. The 374-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • Celanese Corporation
  • Daicel Polymer Limited
  • PlastiComp Inc.
  • PolyOne Corporation
  • PPG Fiber Glass
  • RTP Company
  • SABIC
  • Solvay
  • Sumitomo Chemical Co., Ltd.
  • TechnoCompound GmbH

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

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

Global Competitor Market Shares

Long Fiber Thermoplastics (LFT) Competitor Market Share Scenario Worldwide (in %):2018 & 2029

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

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Long Fiber Thermoplastics (LFT) Market Share (in %) by Company: 2018 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Long Fiber Thermoplastics (LFT) Market: Competitor Market Share Scenario (in %)for 2018 & 2025

Market Analytics

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

Note: Product cover images may vary from those shown
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