Market Overview:
The global LFT-PA market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and high-performance materials in automotive, industrial, construction, and other applications. In terms of type, the LFT-PA6 segment is expected to lead the market during the forecast period owing to its superior properties such as high strength-to-weight ratio and excellent impact resistance. In terms of application, automotive is expected to be one of the fastest growing segments due to increasing demand for lightweight vehicles across all regions.
Product Definition:
LFT-PA is a liver function test that measures the levels of two proteins in the blood: albumin and alkaline phosphatase. Albumin is a protein that helps keep fluid in the blood vessels. Alkaline phosphatase is an enzyme produced by the liver, bone, and other tissues. LFT-PA is used to help diagnose and monitor liver disease.
LFT-PA6:
LFT-PA6 is a new generation of LFT polyamide, which has been developed by BASF SE. It differs from other LFT polyamides in terms of its molecular weight and crystalline nature. The product has an average molecular weight ranging from 6,000 to 8,000 and a melting point between 170°C & 200 °C.
LFT-PA66:
LFT-PA66 is a new type of polyamide 66, which has better mechanical properties than PA and PE. LFT-PA66 has been developed by modifying the existing technology for manufacturing nylon 6,6. The product was first introduced in 2010 by DuPont under the brand name “Nylon 66”. However, it got discontinued due to low commercial success compared to nylon 6,6 and polyamide 12,12.
Application Insights:
Automotive application segment accounted for the largest share of over 30.0% in 2017. The growing automotive sector across the globe is expected to open new avenues for LFT-PA manufacturers. Increasing production levels of electric and hybrid vehicles are anticipated to boost product demand in near future.
The construction industry is one of the major consumers of LFT-PA6, which was valued at USD 846 million in 2016 and is projected to grow at a CAGR exceeding 6% from 2017 to 2030, thereby registering a significant growth rate over the forecast period. Other applications include electronics, medical equipment and appliances, industrial machinery/ equipment etc., which are likely to witness steady growth owing to increasing disposable income coupled with rising population across various regions including Asia Pacific & MEA on account of rising fertility rates will fuel product demand over the forecast period 2030 ¢â‚¬â€œ 2029 (estimated).
Regional Analysis:
Asia Pacific dominated the global LFT-PA market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing automotive production and sales, growing industrial automation, and expanding construction industry across emerging economies such as China, India, Japan and South Korea.
The Asia Pacific was followed by North America in terms of revenue share in 2017 owing to increased spending on healthcare by consumers along with an aging population base within this region.
Latin America is anticipated to witness steady growth over the next eight years owing to increasing investments from public & private sectors toward establishment of new manufacturing facilities for various industries including automotive.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgical procedures is expected to grow at a CAGR of 6.8% from 2016 to 2021. This is primarily due to the advantages offered by these procedures over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. LFT-PA is ideally suited for use in minimally invasive surgeries due to its small size and portability.
- Growing demand for image-guided therapies: Image-guided therapies are becoming increasingly popular due to their ability to provide real-time images of the target area during treatment. This helps ensure accurate delivery of the therapy and reduces the chances of adverse side effects. LFT-PA's ability to provide high quality images makes it an ideal candidate for use in image-guided therapies.
Scope Of The Report
Report Attributes
Report Details
Report Title
LFT-PA Market Research Report
By Type
LFT-PA6, LFT-PA66, Others
By Application
Automotive, Industrial, Construction, Others
By Companies
SABIC, Celanese, RTP, Jiangsu Kingfa SCI.& Tech, Nanjing Julong, TER Group, Radici Group, Daicel Miraizu, BASF, Polyone, SAMBARK LFT, Beijing Nashengtong
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global LFT-PA Market Report Segments:
The global LFT-PA market is segmented on the basis of:
Types
LFT-PA6, LFT-PA66, 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, Industrial, Construction, 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:
- SABIC
- Celanese
- RTP
- Jiangsu Kingfa SCI.& Tech
- Nanjing Julong
- TER Group
- Radici Group
- Daicel Miraizu
- BASF
- Polyone
- SAMBARK LFT
- Beijing Nashengtong
Highlights of The LFT-PA 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:
- LFT-PA6
- LFT-PA66
- Others
- By Application:
- Automotive
- Industrial
- Construction
- 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 LFT-PA 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
LFT-PA is a liver enzyme that helps to break down the toxins in your body.
Some of the major players in the lft-pa market are SABIC, Celanese, RTP, Jiangsu Kingfa SCI.& Tech, Nanjing Julong, TER Group, Radici Group, Daicel Miraizu, BASF, Polyone, SAMBARK LFT, Beijing Nashengtong.
The lft-pa market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LFT-PA Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LFT-PA Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LFT-PA Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LFT-PA Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LFT-PA Market Size & Forecast, 2020-2028
4.5.1 LFT-PA Market Size and Y-o-Y Growth
4.5.2 LFT-PA Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 LFT-PA6
5.2.2 LFT-PA66
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Industrial
6.2.3 Construction
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LFT-PA Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LFT-PA Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 LFT-PA6
9.6.2 LFT-PA66
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Industrial
9.10.3 Construction
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 LFT-PA6
10.6.2 LFT-PA66
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Industrial
10.10.3 Construction
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 LFT-PA6
11.6.2 LFT-PA66
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Industrial
11.10.3 Construction
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 LFT-PA6
12.6.2 LFT-PA66
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Industrial
12.10.3 Construction
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 LFT-PA6
13.6.2 LFT-PA66
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Industrial
13.10.3 Construction
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LFT-PA Market: Competitive Dashboard
14.2 Global LFT-PA Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SABIC
14.3.2 Celanese
14.3.3 RTP
14.3.4 Jiangsu Kingfa SCI.& Tech
14.3.5 Nanjing Julong
14.3.6 TER Group
14.3.7 Radici Group
14.3.8 Daicel Miraizu
14.3.9 BASF
14.3.10 Polyone
14.3.11 SAMBARK LFT
14.3.12 Beijing Nashengtong
