Long Fiber Thermoplastics Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity.
The Long Fiber Thermoplastics market size is projected to reach a CAGR of 10.7% to 2028.
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Key Players of Long Fiber Thermoplastics Market:
· Celanese Corporation
· SABIC
· Lanxess AG
· BASF SE
· Mitsubishi Chemical Holdings
· PlastiComp Inc.
· Daicel Polymer Ltd.
· Asahi Kasei Corporation
· RTP Company Inc.
· Solvay and More
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), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) and More
Thermoplastic is a class of plastic which is made by the polymer resin which becomes soft on heating and when cooled gets hard. When heated thermoplastics become homogenised liquids which can be resized and reshaped easily.
Long fiber thermoplastic is a type of thermoplastic which is widely used in automotive industry. LFT have fiber in random orientation with a ranging length of 5 to 25 mm. LFT exhibits higher tensile strength, modulus and impact in comparison to the short fiber and this attributes to their high usage in automotive industry.
With the surge in demand for fuel efficient vehicles along with the benefits of long fiber over short fiber thermoplastic are some of the factors that have supported long-term expansion for Long Fiber Thermoplastics Market.
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Regional Analysis
Europe is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the presence of the key players in the region along with the recent expansion of the automotive industry.
Recent Developments
In January 2016, Celstra LFT was brought up by the Celanese Corporation which adds value to the compony products portfolio.
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· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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