"Innovative Market Solutions to Help Businesses Make Informed Decisions"
Long fibre reinforced thermoplastic or long fibre thermoplastic composites have outstanding basic modulus and strength, excellent impact resistance, ease of handling, recyclability and high corrosion resistance. They incorporate high levels of rigidity, strength and durability in a single material. The excellent tensile strength characteristics of long fibre composites are the reason why they are often used as metal replacements, as a replacement for low-performance plastics, or as solutions to higher cost polymeric materials by using low-cost plastics.
Increased competition for long-term fiber thermoplastics is on the increase in demand for high-performance products in the automotive industry worldwide. The reduced weight of the necessary structure makes the use of long fiber thermoplastics important to the automotive industry. The use of long fiber thermoplastics in the automotive sector has increased because they are compact and have great specific strength. However, long fiber thermoplastics producers are expected to comply with strict regulations of government. There are various regulations concerning the quality of raw materials used in the manufacture of the items, which will have an effect on the growth of the industry.
Based on resin type, the market for global long fibre reinforced thermoplastic composites is segmented into PP, PA, PEEK, PPA, others. Based on fibre type, the market for global long fibre reinforced thermoplastic composites is segmented into glass, carbon, others. On the basis of application, the market is classified into automotive, electrical & electronics, consumer goods, sporting goods, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Market Driver -
Increasing application in automobile sector drives the market.
Key Market Restraint -
Stringent regulations by the government will restrict growth.
The global long fibre reinforced thermoplastic composites market is fairly fragmented, with number of players operating in the global markets. Some of the key players in the global long fibre reinforced thermoplastic composites includes Celanese Corporation, SABIC, Lanxess AG, BASF SE, Mitsubishi Chemical Holdings, PlastiComp Inc., Daicel Polymer Ltd., Asahi Kasei Corporation, RTP Company Inc., and Solvay.
The global long fibre reinforced thermoplastic composites market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe dominates the long-fibre reinforced thermoplastic composites,. This is attributed to the rise of market leaders and the development of the automotive industry. Asia Pacific has a large market share due to the increasing automotive markets and heavy investment in the automotive industry, driving the demand for long-fibre thermoplastics in the region. In North America, the United States and Canada are expected to rise at the highest rate during the forecast period. This is the biggest market for long-fibre thermoplastics in North America. The rate of economic growth is the key explanation for the high use of long fiber thermoplastics. The Middle East and the African region will be among the recent advances in regional industrial development, especially in the construction of manufacturing plants. Latin America also suffers from political instability and economic uncertainty that inhibits business expansion.
To gain extensive insights into the market, Request for Customization
By Resin Type
By Fibre Type
By End-use industry
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- Global hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry