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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 million metric tons by 2022, driven by growing automobile production, regulatory requirements to improve fuel efficiency in automobiles and expanding applications. The growth in the market is also driven by increasing technological advancements, development of novel applications, and growing demand for hybrid products and LFTs with higher performance characteristics. LFTs that combine the glass and carbon fibers to form a composite/hybrid LFT represent new technological advancements in the market, which promise to address the problem of prohibitively higher price of LFT as cost reduction is one of the major benefits of the material. Hybrid LFT, hence, are expected to drive significant growth in the market as lower cost of material makes them attractive for several existing and new applications. Europe represents the largest market worldwide, supported by strong demand for lightweight composite materials from a wide range of end-use sectors. 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 or Long Glass Fiber Reinforced Polypropylene represents the largest product market.  

    Summary of Findings

  • LFTs - An Ideal Lightweight Substitute for Metals in the Auto Industry
  • Hybrid LFTs Set to Drive Adoption of LFTs
  • In-line Compounding Process Increases the Uptake of LFT
  • Low Cost of Raw Material and Ease of Processing Drives LFT Consumption
  • Natural Fiber Reinforcements Gains Prominence in Long Fiber Reinforced Thermoplastics

    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