Page 30 - Plastics News June 2017

FEATURES

Leading players in the global long fiber thermoplastics Market Dynamics
market are profiled in the report in order to shed light on Drivers
the competitive dynamics of the market.

The global Long Fiber Thermoplastics (LFT) market is Increase in Demand for Fuel-Efficient Vehicles
projected to grow from USD 2.77 Billion in 2016 to USD Exceptional Properties of Long Fiber Over Short Fiber
4.26 Billion by 2021, at a CAGR of 8.96% during the forecast Thermoplastics
period. The growth of the market is expected to be driven
by the high demand for long fiber thermoplastics from the Less Generation of Vocs and Recycling Capabilities
automotive industry. Restraints
Long fiber thermoplastics are used in the manufacturing Weaker Mechanical Properties and Higher Cost Than
of lightweight automobile components to reduce overall Thermosets
weight and gain fuel efficiency to meet various. Product High Processing and Manufacturing Costs
performance can be enhanced with the use of resins along
with long fiber thermoplastics. As per the requirement of Opportunities
the application, long fiber thermoplastics are used with Increasing Use of Long Fiber Thermoplastic in Various
different resins to exhibit properties that enhance the End-Use Industries
performance of the product.
Challenges
Europe is estimated to be the largest market for long
fiber thermoplastics. Presence of some of the major Need for Reducing Capital and Technology Costs
automotive manufactures, including such as BMW Key companies examined in the report include Celanese
(Germany), Volkswagen (Germany), and Mercedes-Benz Corporation, PolyOne, PlastiComp Inc., Solvay SA, RTP
(Germany) is expected to aid the growth of the market Company, and Lanxess AG PPG Fiber Glass Inc.
in Europe. Germany is a key long fiber thermoplastics
market in Europe, due to the growing automotive industry Quadrant AG RTP Company, Inc., Sbhpp, SGL Group,
in the country. Technocompound GmbH

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