Market Overview:
The global long-fiber thermoset composites market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for lightweight and durable materials in automotive, marine, aerospace, building & construction and other end-use industries. In terms of fiber type, the glass fiber segment is expected to dominate the global long-fiber thermoset composites market during the forecast period owing to its high strength and stiffness properties. However, carbon fiber is projected to grow at a higher CAGR than glass fiber over the forecast period as it offers superior mechanical properties such as tensile strength and modulus compared with other traditional fibers.
Product Definition:
A composite material comprising a matrix and long fibers dispersed in the matrix. The long fibers are typically much longer than the thickness of the composite and improve the strength, stiffness, and toughness of the material.
By Fiber Type:
Single- Fiber Type (SF), Multi-Fiber Type (MFT) and Hybrid Fiber Type (HFT). Single fiber types are expected to be the largest consumed product due to their properties such as high strength, stiffness and temperature resistance. On account of these factors, single fibers are widely used in industries such as automotive & transportation and marine.
Glass Fiber:
Glass fiber is also known as fiberglass and is a type of mineral fiber. It has superior properties such as lightweight, high tensile strength, high thermal stability, resistance to chemical corrosion and heat, low water absorption rate compared to organic fibers such as cotton or wool. These superior properties make it suitable for use in long-fiber thermoset composites (LFTC).
Application Insights:
The demand for the product is expected to witness a rise owing to its increasing use in manufacturing wind turbine blades, automotive components, marine parts and furniture, aerospace components including engine nacelles and space crafts interiors among other applications such as building & construction materials and consumer goods. In addition, the growing demand for electric vehicles is also likely to contribute significantly towards segment growth over the forecast period.
Automotive was estimated as the largest application segment in 2017 with a share of 33.3% in terms of revenue followed by building & construction at 19%. The rising need for lightweight substitutes for metal parts has been encouraging designers to incorporate these composite materials which are both strong yet light weight alternatives thereby augmenting market growth over recent years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major economies, such as China, India, Japan and South Korea. Rapid industrialization coupled with increasing per capita income has resulted in a rise in consumer spending on luxury vehicles and high-performance sports cars. This trend is projected to positively impact industry growth over the next eight years.
Europe accounted for a significant share of revenue generated by long-fiber thermoset composites due to increased automotive production across countries like Germany, France Italy Spain etc., which are major consumers of these products owing to their lightweight properties along with superior strength characteristics offered by them at competitive prices compared to other materials used for same purpose.
Growth Factors:
- Increasing demand from the aerospace and defense sectors: The need for lightweight and durable materials is driving the demand for long-fiber thermoset composites in the aerospace and defense sectors. These composites are being used in aircrafts, satellites, missiles, and other defense applications.
- Growing demand from the automotive sector: The increasing popularity of lightweight vehicles is fueling the demand for long-fiber thermoset composites in the automotive sector. These composites are being used in body panels, chassis components, engine parts, and other vehicle components.
- Rising popularity of wind energy: The growing use of wind energy to generate electricity is leading to an increase in demand for long-fiber thermoset composites used in wind turbine blades. These blades require high strength-to-weight ratios and resistance to fatigue failure.
- Growing use of 3D printing technology: 3D printing technology is helping to reduce manufacturing time and costs for products made with long-fiber thermoset composites . This technology allows manufacturers to produce customized products with complex geometries using less material than traditional manufacturing methods . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Long-fiber Thermoset Composites Market Research Report
By Type
By Fiber Type, Glass Fiber, Carbon Fiber, By Resin Type, Unsaturated Polyester, Epoxy, Vinyl Ester, Others
By Application
Automotive, Marine, Aerospace, Building & Construction, Wind Energy, Electrical & Electronics, Consumer Goods, Others
By Companies
BASF, Lanxess, SABIC, Sumitomo, Celanese, Asahi Kasei Plastics, FRP Services & Company, Fibrtec, Mitsui, Conductive Composites, Lingol Corporation, PolyOne
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Long-fiber Thermoset Composites Market Report Segments:
The global Long-fiber Thermoset Composites market is segmented on the basis of:
Types
By Fiber Type, Glass Fiber, Carbon Fiber, By Resin Type, Unsaturated Polyester, Epoxy, Vinyl Ester, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Marine, Aerospace, Building & Construction, Wind Energy, Electrical & Electronics, Consumer Goods, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Lanxess
- SABIC
- Sumitomo
- Celanese
- Asahi Kasei Plastics
- FRP Services & Company
- Fibrtec
- Mitsui
- Conductive Composites
- Lingol Corporation
- PolyOne
Highlights of The Long-fiber Thermoset Composites Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- By Fiber Type
- Glass Fiber
- Carbon Fiber
- By Resin Type
- Unsaturated Polyester
- Epoxy
- Vinyl Ester
- Others
- By Application:
- Automotive
- Marine
- Aerospace
- Building & Construction
- Wind Energy
- Electrical & Electronics
- Consumer Goods
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Long-fiber Thermoset Composites Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Long-fiber thermoset composites are a type of composite material that is made up of long strands or fibers of thermoplastic resin. These materials are often used in applications where strength and durability are important, such as aircraft parts and construction materials.
Some of the key players operating in the long-fiber thermoset composites market are BASF, Lanxess, SABIC, Sumitomo, Celanese, Asahi Kasei Plastics, FRP Services & Company, Fibrtec, Mitsui, Conductive Composites, Lingol Corporation, PolyOne.
The long-fiber thermoset composites market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Long-fiber Thermoset Composites Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Long-fiber Thermoset Composites Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Long-fiber Thermoset Composites Market - Supply Chain
4.5. Global Long-fiber Thermoset Composites Market Forecast
4.5.1. Long-fiber Thermoset Composites Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Long-fiber Thermoset Composites Market Size (000 Units) and Y-o-Y Growth
4.5.3. Long-fiber Thermoset Composites Market Absolute $ Opportunity
5. Global Long-fiber Thermoset Composites Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Long-fiber Thermoset Composites Market Size and Volume Forecast by Type
5.3.1. By Fiber Type
5.3.2. Glass Fiber
5.3.3. Carbon Fiber
5.3.4. By Resin Type
5.3.5. Unsaturated Polyester
5.3.6. Epoxy
5.3.7. Vinyl Ester
5.3.8. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Long-fiber Thermoset Composites Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Long-fiber Thermoset Composites Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Marine
6.3.3. Aerospace
6.3.4. Building & Construction
6.3.5. Wind Energy
6.3.6. Electrical & Electronics
6.3.7. Consumer Goods
6.3.8. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Long-fiber Thermoset Composites Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Long-fiber Thermoset Composites Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Long-fiber Thermoset Composites Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Long-fiber Thermoset Composites Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Long-fiber Thermoset Composites Demand Share Forecast, 2019-2029
9. North America Long-fiber Thermoset Composites Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Long-fiber Thermoset Composites Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Long-fiber Thermoset Composites Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Marine
9.4.3. Aerospace
9.4.4. Building & Construction
9.4.5. Wind Energy
9.4.6. Electrical & Electronics
9.4.7. Consumer Goods
9.4.8. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Long-fiber Thermoset Composites Market Size and Volume Forecast by Type
9.7.1. By Fiber Type
9.7.2. Glass Fiber
9.7.3. Carbon Fiber
9.7.4. By Resin Type
9.7.5. Unsaturated Polyester
9.7.6. Epoxy
9.7.7. Vinyl Ester
9.7.8. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Long-fiber Thermoset Composites Demand Share Forecast, 2019-2029
10. Latin America Long-fiber Thermoset Composites Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Long-fiber Thermoset Composites Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Long-fiber Thermoset Composites Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Marine
10.4.3. Aerospace
10.4.4. Building & Construction
10.4.5. Wind Energy
10.4.6. Electrical & Electronics
10.4.7. Consumer Goods
10.4.8. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Long-fiber Thermoset Composites Market Size and Volume Forecast by Type
10.7.1. By Fiber Type
10.7.2. Glass Fiber
10.7.3. Carbon Fiber
10.7.4. By Resin Type
10.7.5. Unsaturated Polyester
10.7.6. Epoxy
10.7.7. Vinyl Ester
10.7.8. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Long-fiber Thermoset Composites Demand Share Forecast, 2019-2029
11. Europe Long-fiber Thermoset Composites Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Long-fiber Thermoset Composites Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Long-fiber Thermoset Composites Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Marine
11.4.3. Aerospace
11.4.4. Building & Construction
11.4.5. Wind Energy
11.4.6. Electrical & Electronics
11.4.7. Consumer Goods
11.4.8. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Long-fibe Thermoset Composites Market Size and Volume Forecast by Type
11.7.1. By Fiber Type
11.7.2. Glass Fiber
11.7.3. Carbon Fiber
11.7.4. By Resin Type
11.7.5. Unsaturated Polyester
11.7.6. Epoxy
11.7.7. Vinyl Ester
11.7.8. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Long-fiber Thermoset Composites Demand Share, 2019-2029
12. Asia Pacific Long-fiber Thermoset Composites Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Long-fiber Thermoset Composites Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Long-fiber Thermoset Composites Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Marine
12.4.3. Aerospace
12.4.4. Building & Construction
12.4.5. Wind Energy
12.4.6. Electrical & Electronics
12.4.7. Consumer Goods
12.4.8. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Long-fiber Thermoset Composites Market Size and Volume Forecast by Type
12.7.1. By Fiber Type
12.7.2. Glass Fiber
12.7.3. Carbon Fiber
12.7.4. By Resin Type
12.7.5. Unsaturated Polyester
12.7.6. Epoxy
12.7.7. Vinyl Ester
12.7.8. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Long-fiber Thermoset Composites Demand Share, 2019-2029
13. Middle East & Africa Long-fiber Thermoset Composites Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Long-fiber Thermoset Composites Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Long-fiber Thermoset Composites Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Marine
13.4.3. Aerospace
13.4.4. Building & Construction
13.4.5. Wind Energy
13.4.6. Electrical & Electronics
13.4.7. Consumer Goods
13.4.8. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Long-fiber Thermoset Composites Market Size and Volume Forecast by Type
13.7.1. By Fiber Type
13.7.2. Glass Fiber
13.7.3. Carbon Fiber
13.7.4. By Resin Type
13.7.5. Unsaturated Polyester
13.7.6. Epoxy
13.7.7. Vinyl Ester
13.7.8. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Long-fiber Thermoset Composites Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Long-fiber Thermoset Composites Market: Market Share Analysis
14.2. Long-fiber Thermoset Composites Distributors and Customers
14.3. Long-fiber Thermoset Composites Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lanxess
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SABIC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sumitomo
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Celanese
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Asahi Kasei Plastics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FRP Services & Company
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fibrtec
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mitsui
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Conductive Composites
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lingol Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. PolyOne
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
