Market Overview:
The global long fiber reinforced thermoplastics (LFRT) market is expected to register a CAGR of 7.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for lightweight and durable materials in various end-use industries. In addition, the growing awareness about the benefits of using LFRT over traditional materials is also propelling the market growth. Based on type, PAN-based LFRTs are expected to dominate the global market during the forecast period. This can be attributed to their superior properties such as high strength and stiffness coupled with low weight. Based on application, packaging is projected to account for a major share of the global LFRT market during 2018-2030 owing to its growing demand from food & beverage and pharmaceutical industries across regions.
 Industry Outlook.svg)
Product Definition:
A type of composite material made from reinforcing fibers (usually carbon or glass) and a thermoplastic resin. The reinforcing fibers are typically much longer than the thickness of the part, which gives LFRT materials high strength-to-weight ratios.
Polyacrylonitrile (PAN)-based:
Polyacrylonitrile (PAN) is a non-toxic, thermoplastic polymer with excellent chemical and mechanical properties. It offers high tensile strength, flex fatigue resistance and good abrasion resistance. PAN has been gaining importance as an alternative to polyethylene in food packaging applications on account of its superior barrier properties against moisture & oxygen and higher flexibility at low temperatures.
The global demand for PAN based LFRT was valued at USD 556.
Pitch-based:
Pitch is a solid, non-toxic, odorless and colorless mineral. It has the ability to absorb heat and can be used as a replacement for glass in many applications. The global market size was valued at USD 2.5 billion in 2016 and is expected to grow at an estimated CAGR of XX% from 2017 - 2022.
Application Insights:
The packaging application segment led the global market and accounted for more than 35.0% share of the overall revenue in 2017. LFRT films and sheets are used to manufacture corrugated boxes, cartons, clamshells, bottles and others on a commercial scale. The lightweight nature of these products reduces transportation cost as well as helps in reducing carbon emissions during transportation owing to reduced fuel consumption by ship or train.
PAN-based LFRT is widely used to produce food containers that are both microwave safe & freezer friendly due to its high thermal shock resistance property.
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 rising product demand from packaging, healthcare, automotive and construction applications. China is one of the largest producers as well as consumers of LFRT products in this region owing to easy availability of raw materials coupled with high investment opportunities offered by government-aided programs for new industries.
The European market was valued at USD X million in 2017 and is projected to witness significant growth over the forecast period on account of increasing R&D activities related to advanced manufacturing technologies along with growing investments for production facilities by manufacturers operating within this industry. In addition, stringent regulations laid down by various agencies such as Health & Consumer Protection Directorate-General (ECP), European Commission are anticipated to fuel industry expansion over the coming years.
North America accounted for a share of more than 20% in terms offoreign trade conducted through exports.
Growth Factors:
- Increasing demand for lightweight and durable materials in automotive and aerospace industries
- Growing popularity of 3D printing technology for manufacturing customized products
- Rising awareness about the benefits of LFRT over traditional materials such as metals and composites
- Technological advancements that have led to the development of new grades of LFRT with better mechanical properties
- Growing demand from emerging economies due to their burgeoning industrial sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Long Fiber Reinforced Thermoplastics (LFRT) Market Research Report
By Type
Polyacrylonitrile (PAN)-based, Pitch-based
By Application
Packaging, Construction, Healthcare, Others
By Companies
Celanese, GS Caltex, SGL Group, SABIC, RTP, Ticona
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
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Long Fiber Reinforced Thermoplastics (LFRT) Market Report Segments:
The global Long Fiber Reinforced Thermoplastics (LFRT) market is segmented on the basis of:
Types
Polyacrylonitrile (PAN)-based, Pitch-based
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
Packaging, Construction, Healthcare, 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:
- Celanese
- GS Caltex
- SGL Group
- SABIC
- RTP
- Ticona
 Market Overview.svg)
Highlights of The Long Fiber Reinforced Thermoplastics (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:
- Polyacrylonitrile (PAN)-based
- Pitch-based
- By Application:
- Packaging
- Construction
- Healthcare
- 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 Reinforced Thermoplastics (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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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 that are bonded together to create a strong, durable material. This type of plastic is often used in products that need to be resistant to heat and pressure, such as pipes and tanks. LFRT also has the ability to absorb energy quickly, which makes it ideal for use in devices that need to withstand high impact forces or temperatures.
Some of the key players operating in the long fiber reinforced thermoplastics (lfrt) market are Celanese, GS Caltex, SGL Group, SABIC, RTP, Ticona.
The long fiber reinforced thermoplastics (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 Thermoplastics (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 Thermoplastics (LFRT) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Long Fiber Reinforced Thermoplastics (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 Thermoplastics (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 Thermoplastics (LFRT) Market Size & Forecast, 2018-2028
4.5.1 Long Fiber Reinforced Thermoplastics (LFRT) Market Size and Y-o-Y Growth
4.5.2 Long Fiber Reinforced Thermoplastics (LFRT) Market Absolute $ Opportunity
Chapter 5 Global Long Fiber Reinforced Thermoplastics (LFRT) 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 Long Fiber Reinforced Thermoplastics (LFRT) Market Size Forecast by Type
5.2.1 Polyacrylonitrile (PAN)-based
5.2.2 Pitch-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Long Fiber Reinforced Thermoplastics (LFRT) 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 Long Fiber Reinforced Thermoplastics (LFRT) Market Size Forecast by Applications
6.2.1 Packaging
6.2.2 Construction
6.2.3 Healthcare
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Long Fiber Reinforced Thermoplastics (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 Thermoplastics (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 Long Fiber Reinforced Thermoplastics (LFRT) Analysis and Forecast
9.1 Introduction
9.2 North America Long Fiber Reinforced Thermoplastics (LFRT) 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 Long Fiber Reinforced Thermoplastics (LFRT) Market Size Forecast by Type
9.6.1 Polyacrylonitrile (PAN)-based
9.6.2 Pitch-based
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 Long Fiber Reinforced Thermoplastics (LFRT) Market Size Forecast by Applications
9.10.1 Packaging
9.10.2 Construction
9.10.3 Healthcare
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 Long Fiber Reinforced Thermoplastics (LFRT) Analysis and Forecast
10.1 Introduction
10.2 Europe Long Fiber Reinforced Thermoplastics (LFRT) 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 Long Fiber Reinforced Thermoplastics (LFRT) Market Size Forecast by Type
10.6.1 Polyacrylonitrile (PAN)-based
10.6.2 Pitch-based
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 Long Fiber Reinforced Thermoplastics (LFRT) Market Size Forecast by Applications
10.10.1 Packaging
10.10.2 Construction
10.10.3 Healthcare
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 Long Fiber Reinforced Thermoplastics (LFRT) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Long Fiber Reinforced Thermoplastics (LFRT) 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 Long Fiber Reinforced Thermoplastics (LFRT) Market Size Forecast by Type
11.6.1 Polyacrylonitrile (PAN)-based
11.6.2 Pitch-based
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 Long Fiber Reinforced Thermoplastics (LFRT) Market Size Forecast by Applications
11.10.1 Packaging
11.10.2 Construction
11.10.3 Healthcare
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 Long Fiber Reinforced Thermoplastics (LFRT) Analysis and Forecast
12.1 Introduction
12.2 Latin America Long Fiber Reinforced Thermoplastics (LFRT) 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 Long Fiber Reinforced Thermoplastics (LFRT) Market Size Forecast by Type
12.6.1 Polyacrylonitrile (PAN)-based
12.6.2 Pitch-based
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 Long Fiber Reinforced Thermoplastics (LFRT) Market Size Forecast by Applications
12.10.1 Packaging
12.10.2 Construction
12.10.3 Healthcare
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) Long Fiber Reinforced Thermoplastics (LFRT) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Long Fiber Reinforced Thermoplastics (LFRT) 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) Long Fiber Reinforced Thermoplastics (LFRT) Market Size Forecast by Type
13.6.1 Polyacrylonitrile (PAN)-based
13.6.2 Pitch-based
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) Long Fiber Reinforced Thermoplastics (LFRT) Market Size Forecast by Applications
13.10.1 Packaging
13.10.2 Construction
13.10.3 Healthcare
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 Long Fiber Reinforced Thermoplastics (LFRT) Market: Competitive Dashboard
14.2 Global Long Fiber Reinforced Thermoplastics (LFRT) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Celanese
14.3.2 GS Caltex
14.3.3 SGL Group
14.3.4 SABIC
14.3.5 RTP
14.3.6 Ticona
