Global Long-Fiber Thermoplastics Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Long-Fiber Thermoplastics Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Resin Type (Polypropylene, Polyamide, Polybutylene Terephthalate, and Other), End-user Industry (Automotive, Aerospace, Electrical & Electronics, Buildings & Construction, Sporting Equipment, and Other), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Long-Fiber Thermoplastics Market was valued at USD 5,669.6 million in 2023 and is expected to reach USD 11,890.7 million by 2031 while growing at a CAGR of 9.7% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global long-fiber thermoplastics market growth. Long-Fiber Thermoplastics (LFT) merge thermoplastic resins with extended reinforcing fibers, commonly glass or carbon fibers, resulting in enhanced mechanical properties and superior performance compared to traditional short-fiber thermoplastics.
Increasing use in consumer goods and environmental concerns, including recycling, drives growth in the long-fiber thermoplastic market. However, obstacles such as cost considerations and processing challenges may impede market expansion.
Furthermore, the global long-fiber thermoplastics industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Resin Type Analysis
The Global Long-Fiber Thermoplastics Market is segmented among Polypropylene, Polyamide, Polybutylene Terephthalate, and Others, based on Resin Type. In 2023, Polypropylene accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By End-user Industry Analysis
The Global Long-Fiber Thermoplastics Market is segmented among Automotive, Aerospace, Electrical & Electronics, Buildings & Construction, Sporting Equipment, and Other, based on End-user Industry. In 2023, Automotive accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Long-Fiber Thermoplastics Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Asahi Kasei Corporation, BASF SE, Celanese Corporation, Daicel Corporation, GS Caltex Corporation, LANXESS, Mitsui Chemicals Inc., Avient Corporation, Polyram Group, and SABIC.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Long-Fiber Thermoplastics Market Dynamics
Drivers
Restraints
Opportunity
4. Global Long-Fiber Thermoplastics Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Long-Fiber Thermoplastics Market Segmentation, By Resin Type
Global Long-Fiber Thermoplastics Market Share Analysis, By Resin Type
Global Long-Fiber Thermoplastics Market Growth Analysis, By Resin Type
Global Long-Fiber Thermoplastics Market Trends, By Resin Type
o Polypropylene
o Polyamide
o Polybutylene Terephthalate
o Other
6. Global Long-Fiber Thermoplastics Market Segmentation, By End-user Industry
Global Long-Fiber Thermoplastics Market Share Analysis, By End-user Industry
Global Long-Fiber Thermoplastics Market Growth Analysis, By End-user Industry
Global Long-Fiber Thermoplastics Market Trends, By End-user Industry
o Automotive
o Aerospace
o Electrical & Electronics
o Buildings & Construction
o Sporting Equipment
o Other
7. Global Long-Fiber Thermoplastics Market Segmentation, By Region
Global Long-Fiber Thermoplastics Market Share Analysis, By Region
Global Long-Fiber Thermoplastics Market Growth Analysis, By Region
Global Long-Fiber Thermoplastics Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Asahi Kasei Corporation*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
BASF SE
Celanese Corporation
Daicel corporation
GS Caltex Corporation
LANXESS
Mitsui Chemicals Inc.
Avient Corporation
Polyram Group
SABIC
*Similar analysis will be provided for each company listed above.