The global Long Fiber Thermoplastics (LFT) market is projected to grow from USD 3.28 Billion in 2016 to USD 5.55 Billion by 2022, at a CAGR of 9.29% during the forecast period.

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The growth of the market is expected to be driven by the high demand for long fiber thermoplastics from the automotive industry. Long fiber thermoplastics are used in the manufacture of lightweight automobile components to reduce overall weight and help gain fuel efficiency to meet various regulations.
SABIC (Saudi Arabia), Celanese Corporation (US), PolyOne (US), Solvay SA (Belgium), PlastiComp Inc. (US), RTP Company (US), Lanxess AG (Germany), and others are some of the leading players in the global long fiber thermoplastics market.

The Long Fiber Thermoplastics Market has been segmented on the basis of fiber type into long glass fiber thermoplastic, long carbon fiber thermoplastic, and other fibers. The long glass fiber thermoplastic segment is projected to witness high growth in the coming years, owing to the increasing use of glass fibers in high-performance long fiber thermoplastics for use in the automotive and consumer goods industries. Long carbon fibers are extensively used in applications such as sporting goods and aerospace, as these applications require high stiffness and high performance products.

The long fiber thermoplastics market has also been segmented based on applications, which include, automotive, sporting goods, consumer goods, industrial goods, and others. Long fiber thermoplastics are increasingly used in the automotive industry to replace conventional materials for improved performance, design freedom, corrosion resistance, and weight reduction.

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Europe was the largest market for long fiber thermoplastics in 2016. The presence of some of the major automotive manufacturers, such as BMW (Germany), Volkswagen (Germany), and Mercedes-Benz (Germany) is expected to aid the growth of the market in Europe. Germany is a key long fiber thermoplastics market in Europe, due to the growing automotive industry in the country.
The weaker mechanical properties and higher cost as compared to thermoset composites may restrain the growth of the global long fiber thermoplastics market.

List of Figures (45 Figures):
Figure 1 LFT Composites: Market Segmentation
Figure 2 LFT Composites Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 LFT Composites: Data Triangulation
Figure 6 Automotive Application to Drive LFT Composites Market, 2017–2022
Figure 7 Germany to Be the Fastest Growing LFT Composites Market, 2017–2022
Figure 8 Long Glass Fiber Thermoplastic to Dominate the LFT Composites Market, By Fiber Type
Figure 9 Europe to Be the Largest and Fastest-Growing LFT Composites Market
Figure 10 LFT Composites Market to Grow Rapidly Between 2017 and 2022
And More…

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