Market Overview:
The global long fiber reinforced thermoplastic (LFRT) market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and high-performance materials in transportation and electrical & electronics applications. In terms of type, the glass fiber segment is expected to lead the market during the forecast period, owing to its superior properties such as high strength-to-weight ratio and thermal stability. In terms of application, transportation is expected to be the largest segment during the forecast period, followed by electrical & electronics.
Product Definition:
LFRT is a type of thermoplastic that has been reinforced with long fibers. These fibers help to strengthen the thermoplastic and make it more durable. LFRT is often used in applications where durability is important, such as in automotive parts or construction materials.
Glass Fiber:
Glass fiber, also known as fiberglass, is a type of lightweight, strong, and durable fibers that are made from silica. It has superior properties such as high tensile strength & low thermal expansion along with excellent resistance to abrasion and chemicals. Fiberglass is widely used in the construction industry for reinforcement purposes in concrete structures owing to its high durability factor.
Carbon Fiber:
Carbon fiber is a form of carbon with extremely small and strong fibers. It has high tensile strength, low thermal expansion, and good electrical properties. The product can be used in various industries including aerospace & defense, automotive & transportation, electronics manufacturing etc.
The global carbon fiber market size was valued at USD 11.5 billion in 2015.
Application Insights:
The other application segment includes the LFRT market in the packaging, industrial machinery and equipment, sporting goods, medical equipment and appliances (excluding dental), marine and defense industry. Transportation is expected to be the fastest-growing segment over the forecast period owing to increasing use of LFRT in various components including drive shafts, transmission belts, engine mounts & gaskets as well as fuel system components.
LFRT used for manufacturing automotive parts has been growing significantly due to its properties such as high strength-to-weight ratio; excellent resistance against corrosion; good fatigue resistance; low maintenance cost; ability to withstand high temperatures up till 300°C (572°F) without undergoing any permanent deformation or damage. In addition, it can also be molded into complex shapes that are difficult or expensive to make from metal alloys.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from end-use industries such as transportation, electronics, and others. China is one of the major countries contributing toward regional growth owing to low manufacturing cost coupled with easy availability of labor & raw materials.
The European market for long fiber reinforced thermoplastic (LFRT) was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% over the forecast period owing to high product demand from automotive industry for lightweight & strength enhancement components production. Germany accounted for a major share in Europe due to high automotive production output coupled with stringent regulations on vehicle weight reduction measures implemented by government agencies such as VDA (Volkswagen Group), IVA (Indesit), TUV Rheinland, etc.
Growth Factors:
- Increasing demand for lightweight and high-performance materials in automotive and aerospace industries
- Growing popularity of composites in construction and infrastructure sectors
- Rising demand for sustainable and environment-friendly materials
- Proliferation of 3D printing technology for manufacturing customized products
- Technological advancements in LFRT manufacturing processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Long Fiber Reinforced Thermoplastic (LFRT) Market Research Report
By Type
Glass Fiber, Carbon Fiber, Copper Fiber, Other
By Application
Transportation, Electrical & Electronics, Other
By Companies
Celanese Corporation, GS Caltex, SGL Group, SABIC, RTP, Ticona, Celanese Corporation
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Long Fiber Reinforced Thermoplastic (LFRT) Market Report Segments:
The global Long Fiber Reinforced Thermoplastic (LFRT) market is segmented on the basis of:
Types
Glass Fiber, Carbon Fiber, Copper Fiber, Other
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
Transportation, Electrical & Electronics, Other
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:
- Celanese Corporation
- GS Caltex
- SGL Group
- SABIC
- RTP
- Ticona
- Celanese Corporation
Highlights of The Long Fiber Reinforced Thermoplastic (LFRT) 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:
- Glass Fiber
- Carbon Fiber
- Copper Fiber
- Other
- By Application:
- Transportation
- Electrical & Electronics
- Other
- 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 Reinforced Thermoplastic (LFRT) 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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- Consumer Insights
- Understanding Competition Scenario
- 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?
LFRT is a type of thermoplastic that is made from long fiber strands. This makes it stronger and more durable than other types of thermoplastic. LFRT can be used in a variety of applications, including medical devices, automotive parts, and sporting goods.
Some of the key players operating in the long fiber reinforced thermoplastic (lfrt) market are Celanese Corporation, GS Caltex, SGL Group, SABIC, RTP, Ticona, Celanese Corporation.
The long fiber reinforced thermoplastic (lfrt) market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Long Fiber Reinforced Thermoplastic (LFRT) 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 Long Fiber Reinforced Thermoplastic (LFRT) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Long Fiber Reinforced Thermoplastic (LFRT) 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 Long Fiber Reinforced Thermoplastic (LFRT) 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 Long Fiber Reinforced Thermoplastic (LFRT) Market Size & Forecast, 2020-2028 4.5.1 Long Fiber Reinforced Thermoplastic (LFRT) Market Size and Y-o-Y Growth 4.5.2 Long Fiber Reinforced Thermoplastic (LFRT) 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 Glass Fiber
5.2.2 Carbon Fiber
5.2.3 Copper Fiber
5.2.4 Other
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 Transportation
6.2.2 Electrical & Electronics
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Long Fiber Reinforced Thermoplastic (LFRT) 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 Long Fiber Reinforced Thermoplastic (LFRT) 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 Glass Fiber
9.6.2 Carbon Fiber
9.6.3 Copper Fiber
9.6.4 Other
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 Transportation
9.10.2 Electrical & Electronics
9.10.3 Other
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 Glass Fiber
10.6.2 Carbon Fiber
10.6.3 Copper Fiber
10.6.4 Other
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 Transportation
10.10.2 Electrical & Electronics
10.10.3 Other
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 Glass Fiber
11.6.2 Carbon Fiber
11.6.3 Copper Fiber
11.6.4 Other
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 Transportation
11.10.2 Electrical & Electronics
11.10.3 Other
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 Glass Fiber
12.6.2 Carbon Fiber
12.6.3 Copper Fiber
12.6.4 Other
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 Transportation
12.10.2 Electrical & Electronics
12.10.3 Other
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 Glass Fiber
13.6.2 Carbon Fiber
13.6.3 Copper Fiber
13.6.4 Other
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 Transportation
13.10.2 Electrical & Electronics
13.10.3 Other
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 Long Fiber Reinforced Thermoplastic (LFRT) Market: Competitive Dashboard
14.2 Global Long Fiber Reinforced Thermoplastic (LFRT) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Celanese Corporation
14.3.2 GS Caltex
14.3.3 SGL Group
14.3.4 SABIC
14.3.5 RTP
14.3.6 Ticona
14.3.7 Celanese Corporation