Long Fiber Thermoplastics (LFT) Global Market Report 2023: Product Innovations To Woo Automotive Manufacturers

(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)

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