Long Fiber Thermoplastics Market Growth Drivers, Trends, and Forecast by 2031

MARKET INTRODUCTION

Fiber is a thread or a filament used in making of a textile or a mineral substance. Thermoplastic is a substance that becomes either turns into the plastic on heating or hardens itself on cooling and is capable of repeating the process. Long fiber thermoplastics are polymer resins reinforced with organic or inorganic composites. The fibers that are reinforced are short or long. Long fiber thermoplastics are used in semi-structural purposes and are now shifted to be used in main structural applications.

MARKET DYNAMICS

An increase in demand for fuel-efficient vehicles drives the growth of the long fiber thermoplastics market. Besides this, the combination of mechanical and thermal properties offered by long fiber thermoplastics is yet another factor driving the growth. However, higher costs of long fiber thermoplastics, as compared to thermo sets, restricts the growth of the long fiber thermoplastics market. An upsurge in the application of thermoplastics in the end-use industries is expected to bolster well the growth of the long fiber thermoplastics market.

MARKET SCOPE

The "Global Long Fiber Thermoplastics Market Analysis to 2031" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the long fiber thermoplastics market with detailed market segmentation by resin type, fiber type, application and geography. The global long fiber thermoplastics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading long fiber thermoplastics market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global long fiber thermoplastics market is segmented on the basis of resin type, fiber type, and application. On the basis of resin type, the long fiber thermoplastics market is segmented into polypropylene, polyamide, polybutylene terephthalate and others. As per fiber type the long fiber thermoplastics market is bifurcated into long glass fiber thermoplastic composites, long carbon fiber thermoplastic composites and others. On the basis of application, the market is broken into automotive, electrical & electronics, sporting goods, consumer goods and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global long fiber thermoplastics market based on various segments. It also provides market size and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The long fiber thermoplastics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the long fiber thermoplastics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the long fiber thermoplastics market in these regions.

MARKET PLAYERS

The reports cover key developments in the long fiber thermoplastics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from long fiber thermoplastics market are anticipated to lucrative growth opportunities in the future with the rising demand for long fiber thermoplastics market in the global market. Below mentioned is the list of few companies engaged in the long fiber thermoplastics market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the food binders. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Asahi Kasei Plastics North America Inc.
  
•  Celanese Corporation
  
•  Daicel Polymer Ltd.
  
•  Dieffenbacher Enterprise
  
•  Lanxess AG
  
•  PlastiComp, Inc.
  
•  PolyOne Corporation
  
•  PPG Fiber Glass Inc.
  
•  RTP Company, Inc.
  
•  Solvay SA
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Long Fiber Thermoplastics Report Scope