Market Overview:
The global long fibre thermoplastics (LFT) market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the automotive and consumer goods sectors are expected to drive the demand for LFTs in the coming years. Asia Pacific is projected to be the fastest-growing region during the forecast period, followed by Europe and North America. The key players in this market are BASF SE (Germany), SABIC (Saudi Arabia), Owens Corning Corporation (U.S.), Teijin Limited (Japan), and Toray Industries, Inc.(Japan).
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Product Definition:
A long fibre thermoplastic (LFT) is a type of plastic that uses long fibres to improve the strength and stiffness of the material. This makes it ideal for use in applications where high performance is required, such as automotive parts and construction materials.
Long Glass Fibre Thermoplastic Composites:
Long glass fibre thermoplastic composites (LFT) is a new term in the market which was introduced by the researchers at The University of Manchester, UK. LFTs are long-glass reinforced thermoplastics with high tensile strength and excellent creep resistance. They have several properties such as low density, high thermal stability and good chemical resistance which make them suitable for use in various end-use industries including aerospace & defense, automotive & transportation and electronics among others.
Long Carbon fibre Thermoplastic Composites:
Long carbon fiber thermoplastic composites are long-chain hydrocarbon polymers, which have been processed to form fibers. These fibers can be made into a wide range of products including filaments and powders for use in various end-use industries such as automotive, construction, electrical & electronics and consumer goods. The properties exhibited by these thermoplastics make them ideal for use in the production of LFTs (long fiber thermosplastic).
Application Insights:
Automotive, sporting goods, industrial and consumer goods are the major application areas of LFT. In 2017, automotive segment accounted for over 50% of the revenue share in global market. The demand is expected to increase significantly owing to growing need for lightweight materials with superior properties such as impact resistance and stiffness. Moreover, growing emphasis on reducing vehicle weight will further boost product demand in automotive applications during the forecast period.
The use of fibres reinforced composite material in aerospace & defense has been increasing steadily over past few years due to their ability to meet stringent requirements imposed by aviation authorities regarding safety and performance at a reasonable cost.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing demand for consumer goods, industrial goods, and automotive products. China has been observed as one of the major countries having a high production volume in these long fibres which are used across various applications such as aerospace & defense, wind energy equipment manufacturing, sporting goods industry among others.
North America was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand from automotive and construction industries
- Growing awareness about the benefits of LFT over traditional plastics
- Rising R&D investments by leading players to develop innovative products
- Growing popularity of lightweight and eco-friendly materials in the automotive sector
- Proliferation of new applications for LFT in various end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Long Fibre Thermoplastics (LFT) Market Research Report
By Type
Long Glass Fibre Thermoplastic Composites, Long Carbon fibre Thermoplastic Composites
By Application
Automotive, Consumer Goods, Sporting Goods, Industrial Goods
By Companies
Sabic, Solvay, Celanese, PlastiComp, Quadrant, Lanxess, BASF, Daicel Polymer, Asahi Kasei Plastics, RTP, Sabic
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Long Fibre Thermoplastics (LFT) Market Report Segments:
The global Long Fibre Thermoplastics (LFT) market is segmented on the basis of:
Types
Long Glass Fibre Thermoplastic Composites, Long Carbon fibre Thermoplastic Composites
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, Consumer Goods, Sporting Goods, Industrial Goods
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
- Solvay
- Celanese
- PlastiComp
- Quadrant
- Lanxess
- BASF
- Daicel Polymer
- Asahi Kasei Plastics
- RTP
- Sabic
 Market Overview.svg)
Highlights of The Long Fibre Thermoplastics (LFT) 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:
- Long Glass Fibre Thermoplastic Composites
- Long Carbon fibre Thermoplastic Composites
- By Application:
- Automotive
- Consumer Goods
- Sporting Goods
- Industrial Goods
- 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 Fibre Thermoplastics (LFT) 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?
LFT is a type of thermoplastic that has a long fibre. This means that the plastic has many small fibres which makes it strong and durable. LFT is often used in products such as insulation, medical devices, and packaging.
Some of the major companies in the long fibre thermoplastics (lft) market are Sabic, Solvay, Celanese, PlastiComp, Quadrant, Lanxess, BASF, Daicel Polymer, Asahi Kasei Plastics, RTP, Sabic.
The long fibre thermoplastics (lft) market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Long Fibre Thermoplastics (LFT) 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 Fibre Thermoplastics (LFT) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Long Fibre Thermoplastics (LFT) 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 Fibre Thermoplastics (LFT) 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 Fibre Thermoplastics (LFT) Market Size & Forecast, 2020-2028
4.5.1 Long Fibre Thermoplastics (LFT) Market Size and Y-o-Y Growth
4.5.2 Long Fibre Thermoplastics (LFT) 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 Long Glass Fibre Thermoplastic Composites
5.2.2 Long Carbon fibre Thermoplastic Composites
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 Consumer Goods
6.2.3 Sporting Goods
6.2.4 Industrial Goods
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Long Fibre Thermoplastics (LFT) 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 Fibre Thermoplastics (LFT) 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 Long Glass Fibre Thermoplastic Composites
9.6.2 Long Carbon fibre Thermoplastic Composites
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 Consumer Goods
9.10.3 Sporting Goods
9.10.4 Industrial Goods
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 Long Glass Fibre Thermoplastic Composites
10.6.2 Long Carbon fibre Thermoplastic Composites
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 Consumer Goods
10.10.3 Sporting Goods
10.10.4 Industrial Goods
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 Long Glass Fibre Thermoplastic Composites
11.6.2 Long Carbon fibre Thermoplastic Composites
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 Consumer Goods
11.10.3 Sporting Goods
11.10.4 Industrial Goods
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 Long Glass Fibre Thermoplastic Composites
12.6.2 Long Carbon fibre Thermoplastic Composites
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 Consumer Goods
12.10.3 Sporting Goods
12.10.4 Industrial Goods
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 Long Glass Fibre Thermoplastic Composites
13.6.2 Long Carbon fibre Thermoplastic Composites
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 Consumer Goods
13.10.3 Sporting Goods
13.10.4 Industrial Goods
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 Fibre Thermoplastics (LFT) Market: Competitive Dashboard
14.2 Global Long Fibre Thermoplastics (LFT) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sabic
14.3.2 Solvay
14.3.3 Celanese
14.3.4 PlastiComp
14.3.5 Quadrant
14.3.6 Lanxess
14.3.7 BASF
14.3.8 Daicel Polymer
14.3.9 Asahi Kasei Plastics
14.3.10 RTP
14.3.11 Sabic
