Market Size of Long-fiber Thermoplastics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Long Fiber Thermoplastics Market Analysis
The long-fiber thermoplastics market is expected to witness a CAGR of more than 6% during the forecast period(2022-2027). The major factor driving the growth of the market studied is the increased demand for fuel-efficient transport vehicles.
- However, the technically advanced and expensive forming process is a hurdle to the market studied.
- Growing usage in the Asia-Pacific region is projected to act as an opportunity for the market in the future.
