Dallas, TX / CRWE PRESS RELEASE / April 11, 2022 - According to the recent study the long fiber thermoplastics market is projected to reach an estimated $1.0 billion by 2025 from $0.9 billion in 2019, at a CAGR of 1.5% from 2020 to 2025. Growth in this market is primarily driven by increasing demand for lightweight materials in various end use industries as well as its performance and process benefits, such higher strength to weight ratio, recyclability, and remoldablity.

Browse 167 figures / charts and 114 tables in this 226 -page report to understand trends, opportunities and forecast in long fiber thermoplastics market by end use industry (automotive, consumer goods, industrial, and others), by material form (LFRT and D-LFT), by reinforcement type (glass fiber and carbon fiber & others), resin type (polypropylene, polyamide, and others), and region (North America, Europe, Asia Pacific and the Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/long-fiber-thermoplastics-market.aspx   

“LFRT market is expected to remain the largest segment during the forecast period.”

Based on usage type, the Long fiber thermoplastics market is segmented into LFRT and D-LFT. Lucintel forecasts that the LFRT is expected to witness the largest segment over the forecast period due to increasing demand in the automotive and industrial application. The D-LFT segment is expected to witness highest growth over the forecast period due to the growing in-line part fabrication in automotive industry.

 “Within the long fiber thermoplastics market, the automotive segment is expected to remain the largest end use industry”

Based on end use industry the automotive segment is expected to witness the largest segment over the forecast period and it is also expected to witness highest growth during the forecast period supported by growing automotive production and increasing focus on thermoplastic resin based composite materials.

“Europe will dominate the long fiber thermoplastics market in near future”

Europe is expected to be the largest region due to growing demand for lightweight and environmentally sustainable composite materials. Asia Pacific is expected to witness the highest growth during the forecast period due to the growing automotive production and increasing focus on lightweight composite materials.

Download Brochure of this report by clicking on https://www.lucintel.com/long-fiber-thermoplastics-market.aspx

Major players of long fiber thermoplastics market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. SABIC, RTP Company, Cytec Solvay Group, Chisso/JN, Borealis AG, TechnoCompound, Sambark, Xiamen, PolyOne, and Celanese Corporation are among the major long fiber thermoplastics providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/long-fiber-thermoplastics-market.aspx or helpdesk@lucintel.com