Long Fiber Thermoplastics Market Expects Automotive Industry to Drive Future Demand by 2021

“Global Long Fiber Thermoplastics (LFT) Market by Manufacturers, Regions, Type and Application, Forecast to 2021”
According to MarketIntelReports’ “Global Long Fiber Thermoplastics (LFT) Market by Manufacturers, Regions, Type and Application, Forecast to 2021” Predicts Europe & Asia-Pacific to Dominate Market Share Till 2021

Long fiber thermoplastic material can be described as a type of thermoplastic which can be moulded with ease. This particular variety of engineering plastics is widely popular for the manufacture of various components largely focused around the automotive sector. Long fiber reinforced thermoplastics is widely considered to be one of the most rapidly growing segments within the thermoplastic segment. Such reinforced plastic has the ability to mix properties like stiffness and strength at a very high level, within a single piece of reinforced plastic material. None of the other carbon fiber products come close to replicating its performance. This is why long fiber thermoplastic material is eagerly utilized as a substitute for other plastics whose performance is average. Thus, the Long Fiber Thermoplastics Market is in a fantastic position to register significant growth during the forecast period of 2016-2021.

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Scope & Regional Forecast of the Long Fiber Thermoplastics Market

The Long Fiber Thermoplastics Market has seen a sudden rise in demand for composite materials during the last few years. As climate change takes place rapidly, government across the world have made a point by implementing tough regulations regarding the emission of carbon dioxide. Automotive manufacturers have responded to this change by shifting their attention to carbon fiber supplies which are more eco-friendly and efficient. Carbon fiber material like long fiber thermoplastics have benefited to a great extent as they are gradually being preferred by automotive manufacturers to replace traditional metals.

The primary beneficiary of the composite materials produced by the Long Fiber Thermoplastics Market is automotive sector. Light-weight and tough long fiber thermoplastic material allows vehicle manufacturers to bring down the machine’s weight and improve mileage. Additional benefits like superior structural strength and stability also come along in the overall package. Since the automotive industry is largely concentrated in Asia-Pacific and Europe, both of these regions are expected to drive market demand during the forecast period.

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Segmentations & Key Players Involved in the Long Fiber Thermoplastics Market

The Long Fiber Thermoplastics Market can be broken down into various segments as follows:

Type: LFT-G and LFT-D.

Application: Automotive and Non-Automotive.

Geographical Location: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

Some of the key players involved in the Long Fiber Thermoplastics Market are as follows:

  • Celanese
  • PlastiComp
  • JNC
  • RTP
  • PPG Fiber Glass

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