Long-fiber Thermoplastics Market - Growth, Trends, and Forecast (2019 – 2024)

The market is segmented by Resin Type (Polypropylene, Polyamide, Polybutylene Terephthalate, and Other Resin Types), End-user Industry (Automotive, Aerospace, Electrical and Electronics, Buildings and Construction, Sporting Equipment, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, Middle East & Africa).

Market Snapshot

01
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Europe

Largest Market:

Europe

Key Players:

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Market Overview

The long-fiber thermoplastics market is expected to register a CAGR over 9%, during the forecast period (2019-2024). The market is driven by the increase in demand for fuel-efficient vehicles. High processing and manufacturing costs are expected to hinder the growth of the market.

  • Exceptional properties of long-fiber over short-fiber thermoplastics is expected to drive the demand for the market, during the forecast period.
  • Increasing use of long-fiber thermoplastics in new applications is projected to act as an opportunity for the market, in the future.

Scope of the Report

The long-fiber thermoplastics market report includes:

Resin Type
Polypropylene
Polyamide
Polybutylene Terephthalate
Other Resin Types
End-user Industry
Automotive
Aerospace
Electrical and Electronics
Buildings and Construction
Sporting Equipment
Other End-user Industries
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand for Long-fiber Thermoplastics in Automotive Production

  • Long-fiber thermoplastics have gained popularity among thermoplastics matrix composites, mainly due to significant technological developments in the automotive industries.
  • Long-fiber thermoplastics are used in the automotive industry, in order to reduce the overall weight of an automobile and gain fuel efficiency, to meet various regulations by EPA and other government authorities.
  • Long-fiber thermoplastics are used in both interior and exterior applications. The most common applications include powertrain, under-hood, and body components, such as upper front end, service panel, and battery cooling box, door module, wheel cover, latch bracket, sun roof components, seat handle, seat back, and air inlet components, among others.
  • Furthermore, long-fiber thermoplastics provide high strength, freedom of design, and have dimensional stability. Thereby, they have gradually become an integral part of the automotive industry.
  • With long-fiber thermoplastics expected to replace conventional materials in the aforementioned industry, its usage is expected to grow in the coming years. Moreover, the rising demand for automobiles is estimated to positively impact the demand for long-fiber thermoplastics, during the forecast period.
03

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Asia-Pacific Region to Experience Healthy Growth

  • Asia-Pacific has been projected to experience healthy growth in the long-fiber thermoplastics market, owing to major developing nations, such as China, India, and the ASEAN countries.
  • China is one of the largest producers and consumers of long-fiber thermoplastics in the region. In China, the consumption of long-fiber thermoplastics had increased drastically in the recent past, due to growing population, increasing urbanization, and substitution of many metals by suitable long-fiber thermoplastics in variable applications.
  • The long-fiber thermoplastics are used to manufacture various products employed in the packaging, automotive, and many other sectors. The demand for long-fiber thermoplastics is increasing from various end-user sectors, including electrical and electronics, aerospace, automotive, buildings and construction, sporting equipment, and others.
  • The abundant availability of raw materials and low cost of production are estimated to drive the demand for long-fiber thermoplastics in the Asia-Pacific region, during the forecast period.
04

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Competitive Landscape

The long-fiber thermoplastics market is partially fragmented. Key players in the market include Celanese Corporation, PolyOne Corporation, RTP Company, and LANXESS.

Major Players

  1. Celanese Corporation
  2. PolyOne Corporation
  3. RTP Company
  4. LANXESS

* Complete list of players covered available in the table of contents below

05

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increase in Demand for Fuel-efficient Vehicles

      2. 4.2.2 Exceptional Properties of Long-fiber over Short-fiber Thermoplastics

    3. 4.3 Market Restraints

      1. 4.3.1 Weaker Mechanical Properties and Higher Cost than Thermosets

      2. 4.3.2 High Processing and Manufacturing Costs

    4. 4.4 Value Chain/Supply Chain Analysis

    5. 4.5 Porters Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin Type

      1. 5.1.1 Polypropylene

      2. 5.1.2 Polyamide

      3. 5.1.3 Polybutylene Terephthalate

      4. 5.1.4 Other Resin Types

    2. 5.2 End-user Industry

      1. 5.2.1 Automotive

      2. 5.2.2 Aerospace

      3. 5.2.3 Electrical and Electronics

      4. 5.2.4 Buildings and Construction

      5. 5.2.5 Sporting Equipment

      6. 5.2.6 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Asahi Kasei Corporation

      2. 6.4.2 Celanese Corporation

      3. 6.4.3 Deutsche Beteiligungs AG

      4. 6.4.4 Daicel Polymer Ltd

      5. 6.4.5 Dieffenbacher GmbH

      6. 6.4.6 Hanwha Azdel

      7. 6.4.7 LANXESS

      8. 6.4.8 PlastiComp Inc.

      9. 6.4.9 PolyOne Corporation

      10. 6.4.10 PPG Industries Inc.

      11. 6.4.11 The Quadrant Group of Companies

      12. 6.4.12 RTP Company

      13. 6.4.13 SABIC

      14. 6.4.14 SBHPP

      15. 6.4.15 SGL CARBON SE

      16. 6.4.16 Solvay

      17. 6.4.17 Sumitomo Chemical Co. Ltd

      18. 6.4.18 TechnoCompound GmbH (Polymer Group)

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Use of Long-fiber Thermoplastics in New Applications

    2. 7.2 Other Opportunities

**Subject to Availability

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