Welcome : Guest

Focus on Automotive Lightweighting Fuels Global Demand for Long Fiber Thermoplastics (LFT)


Published: February 2017

REPORT STATISTICS


  • Code: MCP-6470
  • Pages: 242
  • Tables: 120
  • Companies: 32


LONG FIBER THERMOPLASTICS (LFT): A RESEARCH BRIEF

The global market for Long Fiber Thermoplastics (LFT) is projected to reach 480.7 thousand metric tons by 2022, driven by growing automobile production, regulatory requirements to improve fuel efficiency and the resulting replacement of steel with plastics in automobile design and assembly. Other major factors driving growth include advancements in LFT materials that help safe replacement of traditional materials without compromising quality and manufacturing and processing improvements, all of which help advance the use of LFT in newer markets such as aerospace, military, industrial equipment, consumer durables and sporting goods, among others. Hybrid LFT such as those with glass and carbon fiber reinforcements with their ability to offer highest level of performance at low competitive costs will witness strong gains in demand. Europe represents the largest market worldwide. Rest of World, comprising the Middle East and Africa, ranks as the fastest growing market with a CAGR of 10.8% through the analysis period. The automobile industry represents the largest end-use market, while polypropylene-based LFT represents the largest product market. 

    Summary of Findings

  • As the Largest End-Use Market, Rising Use of LFT in Automobile Parts and Components Production Bolsters Overall Consumption Trends
  • Progressive Improvements in Performance, Dimensional Stability, Durability and Recyclability to Spur Adoption in Newer Markets
  • Development of Direct In-Line (D-LFT) Processing Technology to Enhance Cost-Performance Ratio and Expand Commercial Opportunities for Growth
  • Advancements in Natural Fiber Composites and Glass Fiber Composites Drive the Popularity and Acceptance of Hybrid LFTs
  • Growing Focus on Safety in Myriad Industries Drives the Importance of Flame Retarded LFT-Polypropylene (PP)

    Timeline for Analysis

  • Market Estimates and Forecasts for 2015-2022
  • Historic Review 2009-2014

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World

    Market Segmentation & Classification

  • Resin Types:
    • Polypropylene, and Others
  • End-Use Applications:
    • Automotive Applications (Door Modules, Front-End Modules, Instrument Panels, Underbody Shields, & Other Applications), and Non-Automotive Applications (Industrial & General Goods, & Other Applications)

MAJOR PLAYERS

  • Celanese Corporation
  • Daicel Polymer Limited
  • PlastiComp Inc.
  • PolyOne Corporation
  • PPG Fiber Glass
  • RTP Company
  • SABIC
  • Solvay

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable