The Global Long Fiber Thermoplastics Market accounted for USD 2.78 billion in 2018 and is projected to grow at a CAGR of 8.97% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2016, 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
Long fiber thermoplastics can easily be molded in any shape and can be utilized in making different automotive parts. It provides the material with strength, stability, durability, toughness, corrosion resistance and stiffness feature. It can be applied at automotive, electronics and consumer goods.
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Major Market Drivers: Global Long Fiber Thermoplastics Market
- Strict regulation against the usage of CO2 emission vehicle and replacement with light weighted vehicle
- Numerous features such as easily recyclable and corrosive resistance.
- Growing usage in the different industries
- High manufacturing and processing cost
Major Market Competitors: Global Long Fiber Thermoplastics Market
Some of the major players in global long fiber thermoplastics market include
- Celanese Corporation
- Daicel Polymer Ltd.
- the Quadrant group of companies
- Asahi Kasei Plastics
- RTP Company
- PlastiComp Inc.
- PPG Industries Inc.
- Kingfa Science & Technology Limited
- SGL Group
- TechnoCompound GmbH
- JNC Corporation
- Sumitomo Chemical Co. Ltd
- SABIC among others.
Competitive Landscape: Global Long Fiber Thermoplastics Market
The global long fiber thermoplastics market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Market Segmentation: Global Long Fiber Thermoplastics Market
On the basis of fiber type, global long fiber thermoplastics are segmented into glass fiber long fiber thermoplastics and carbon fiber long fiber thermoplastics.
On the basis of resin type, global long fiber thermoplastics are segmented into polypropylene, polybutylene terephthalate, polyamide and others. Other types of resins are polyether ether ketone and polyphenylene sulfide.
On the basis of application, global long fiber thermoplastics are segmented into electrical & electronics, automotive, sporting goods, consumer goods and others. Other types of application includes aerospace and marine.
On the basis of geography, the global long fiber thermoplastics market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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