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Long fibre thermoplastics are easily mouldable thermoplastic composites with various functional benefits including strength, stiffness, and toughness together in single material. Its high mechanical properties make them suitable in replacing metals, plastics and alternative to reduce high cost engineered plastics. High investments in developing more eco-friendly and recyclable long fibre thermoplastics will boost market growth.
Substantial application of LFT in automotive sector for weight reduction which facilitates fuel economy and decreased associated emissions will have positive impact on product market size. It acts as an eco-friendly alternative to heavier metals in components such as doors, dashboards and car seats, wheel cover, cool box, panels and batteries. In addition, light weight products account for lower transportation heads and impacts.
Positive indicator towards LFT application in electronic manufacturing owing to nonconductive natural and heat resistance is likely to escalate product demand. It is used in producing iron, air purifiers, microwaves, ceiling fans, air conditioners and hair dryers. Growth in availability of smart electronic device which reduces human effort supported by rising income levels will positively favour industry growth.
The report analyses the global long fibre thermoplastics (LFT) market based on resin, fibre, process, application and geography.
Various resins studied are segmented into polypropylene, polyamide, PEEK and polypthalamide. Polypropylene resins may observe substantial growth in LFT market owing to high flexibility in fabrication technique. It possesses high temperature resistance and is used in combination with glass and reinforced fibres in electronic manufacturing. It is also used as a metal replacement in automobiles to make them lightweight owing to good impact resistance and high stiffness along with strength to weight ratio.
The fibre segment includes glass and carbon.
The process segment is categorized in pultrision, injection moulding, D-LFT. D- LFT is projected to trim material cost by over 25%. It is a kneading and injection moulding process used for producing high strength LFT from propylene and glass fibre in one process. Rising application potential of LFT manufactured from this system in home appliances and building materials will stimulate industry growth.
Furthermore, the major application considered in the study is automotive, aerospace, electronics, construction. LFT has wide application in aircraft manufacturing to produce interior components such as floor, ceiling doors, sidewall panels, and storage bins to make the aircraft design light weight. It has high dimensional stability, chemical resistance, and helps in producing durable aesthetics will promote product demand.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Europe driven by France, Italy and Germany long fibre thermoplastics may observe robust growth owing to high emphasis on reducing vehicle weight which will further increase automobile fuel efficiency and reduce carbon emission, thereby driving regional industry growth. Government initiative to control carbon emission and aim to make Europe low carbon economy by 2050 is likely accelerate regional industry growth. Presence of luxury automotive manufacturers supported by OEM manufacturer’s focusing on vehicle performance will have positive impact on product demand.
The key players in the long fibre thermoplastics (LFT) market share are Celanese Corporation, SABIC, LANXESS AG, BASF SE, Mitsubishi Chemical Holdings, Plasticomp Inc., Daicel Polymer Ltd., Asahi Kasei Corporation, RTP COMPANY, INC., Solvay, Polyone, Chnocompound Gmbh, Sambarklft Co., ltd. Toray Industries, INC., Sumitomo Chemical Company Ltd., Kingfa. Companies are entering into strategic partnerships, mergers and are also focusing on novel product development to enhance product offerings.
The report analyses the global long fibre thermoplastics (LFT) market based on resin, fibre, process, application and geography. Various resins studied are segmented into polypropylene, polyamide, PEEK and polypthalamide. The process segment is categorized in pultrision, injection moulding, D-LFT. The fibre segment includes glass and carbon. Moreover, the major application considered in the study is automotive, aerospace, electronics, construction.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa.
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