(MENAFN- GlobeNewsWire - Nasdaq) Dublin, May 26, 2023 (GLOBE NEWSWIRE) -- The "long fiber thermoplastics (lft): global strategic business report" report has been added to ResearchAndMarkets.com's offering.
Global Long Fiber Thermoplastics (LFT) Market to Reach $5.7 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Long Fiber Thermoplastics (LFT) estimated at US$3 Billion in the year 2022, is projected to reach a revised size of US$5.7 Billion by 2030, growing at a CAGR of 8.4% over the analysis period 2022-2030. Polypropylene (PP), one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$2.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Polyamide (PA) segment is readjusted to a revised 8.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $817.9 Million, While China is Forecast to Grow at 12.1% CAGR
The Long Fiber Thermoplastics (LFT) market in the U.S. is estimated at US$817.9 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 12.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 6.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$817.7 Million by the year 2030.
Select Competitors (Total 12 Featured) -
Celanese Corporation Daicel Polymer Limited PlastiComp Inc. PolyOne Corporation PPG Fiber Glass RTP Company SABIC Solvay Sumitomo Chemical Co., Ltd. TechnoCompound GmbH
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession. Global competitiveness and key competitor percentage market shares Market presence across multiple geographies - Strong/Active/Niche/Trivial Online interactive peer-to-peer collaborative bespoke updates Access to digital archives and Research Platform Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 178 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $3 Billion |
| Forecasted Market Value (USD) by 2030 | $5.7 Billion |
| Compound Annual Growth Rate | 8.4% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights World Market Trajectories A Prelude Recent Market Activity Consumption Analysis Factors Driving LFT Consumption Automotive Industry: The Major End-Use Sector for LFT A Peek into the Competitive Landscape Long Fiber Thermoplastics (LFT) - Global Key Competitors Percentage Market Share in 2022 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E) Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
LFT In The Macro Economic Perspective - A Review Positive Economic Outlook Keeps Market Sentiment Intact Market on Growth Path In spite of Volatility in Global PMI Positive Eurozone Economic Outlook Bodes Well for the Market Fiscal Cliff Concerns in the US and the Road Ahead Application Market Overview & Trends Automotive Market Product Innovations to Woo Automotive Manufacturers Technological Improvements Enhance Durability of LFT Auto Components LFTs- An Ideal Lightweight Substitute for Metals in the Auto Industry Recyclability - Vital to Promote Uptake of LFT in Automotive Sector Global Automotive Industry at a Glance Rising Global Automotive Production - A Business Case In-line Compounding Process Increases the Uptake of LFT Demand from Non-Automotive Sector on the Rise Select Market Trends Hybrid LFTs Come to the Fore; Set to Drive Adoption of LFTs Natural Fiber Reinforcements Gaining Prominence in LFRTs Cellulose Fiber Reinforced Thermoplastic - A Natural Alternative Advantages of LFT Gives an Upper Hand over GMT Long Glass Fiber Reinforced Polypropylene - A Cut above the Rest Focus on Performance Improvement Fuels Research New Techniques Emerge for More Realistic Microstructure Simulation and Representation
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
A selection of companies mentioned in this report includes
Celanese Corporation Daicel Polymer Limited PlastiComp Inc. PolyOne Corporation PPG Fiber Glass RTP Company SABIC Solvay Sumitomo Chemical Co., Ltd. TechnoCompound GmbH
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global market for long fiber thermoplastics (lft)
Global Market for Long Fiber Thermoplastics (LFT) Global Market for Long Fiber Thermoplastics (LFT) Tags cellulose fiber fiber glass fiber reinforced glass fiber reinforced long fiber thermoplastics polypropylene thermoplastics id="media-image-1" loading="lazy" src=' />
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