Everything You Want to Know About the Long Fiber Thermoplastics Market

San Francisco, California, August 30, 2018: A recent report added by TMR Research to their vast repository, titled, “Long Fiber Thermoplastics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” forecasts the market to bode well mainly due to extensive advancements and expansions occurring in various industries. The report serves as a prime insight to all candidates interested in the market.

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Widespread use of long fiber thermoplastics owing to their lightweight and environment-friendly properties in the sectors of industrial goods, automotive, and consumer goods, constitutes a major driving force for the market’s growth. Rising demands for such strong materials is further expected to strengthen the global long fiber thermoplastics market in the near future. Of all sectors mentioned above, the automobile industry is witnessing maximum use of this fiber type, thereby contributing towards handsome revenue generated by the market. Furthermore, many manufacturers are turning towards long fiber thermoplastics to produce efficient and productive components at less environmental emissions.

However, rising environmental concerns regarding the polluting effects caused by manufacturing of thermoplastics is hampering the global long fiber thermoplastics market’s growth. Moreover, these commodities might not be easily available in remote and underdeveloped regions, thus stunting expansion on a geographical scale. However, many companies are coming up with eco-friendly thermoplastic compounds, which could reduce the negative effects caused on the environment. This could consequently lead towards reduction in most restraints affecting the global long fiber thermoplastics market.

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This market exhibits the presence of a highly competitive and fragmented vendor landscape, owing to the presence of numerous players. With the number of companies venturing in this field anticipated to increase during the upcoming years, the competitive intensity is projected to witness a notable surge. PolyOne, Celanese Corporation, Solvay S.A., Lanxess AG, RTP Company, and PlastiComp Inc., are key players operating in the global long fiber thermoplastics market.

Long Fiber Thermoplastics Market – Competitive Landscape & Forecast 2017-2025

Long Fiber Thermoplastics Market: Snapshot

Used by itself or in combination with other materials, long fiber thermoplastics offer numerous advantages across a plethora of applications. Not only are long fiber thermoplastics fully reformable and recyclable, their reprocessing does not produce toxic effluents. As a result, the growing environmental concerns among the global populace have compelled several manufacturers to opt for these materials. Offering equally good mechanical performance as several metals, long fiber thermoplastics enable the production of much lighter alternatives at the same time. Weight reduction is crucial in the easing of handling fatigue, convenient portability, enhanced ergonomics, and improved functionality, thereby being a more cost efficient solution when compared with simpler conventional plastics.

Corrosion and heat resistance, dimensional stability, and radiolucency are some other properties of these materials that will fuel the demand for them. As the global consumer electronics industry is making vast strides, the need for long fiber thermoplastics is expected to fire up. This is because of the high dielectric properties and radio transparency of these materials. Consumer electronics that deploy technologies such as Bluetooth and other similar wireless transmission technologies can utilize long fiber thermoplastics as an ideal solution. Additionally, these materials can also be used in proximity with computed tomography (CAT or CT) scan and magnetic resonance imaging (MRI) scan diagnostic equipment, by virtue of their non- magnetic properties.

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Full-fledged R&D activities in the domain of long fiber thermoplastics is a key aspect of the competitive landscape of the global market for long fiber thermoplastics. For instance, PlastiComp, a leading player, announced the completion of its new ‘Da Vinci Lab’, where studies pertaining to the new processing techniques and evaluation of polymer and fiber combinations will take place.

Global Long Fiber Thermoplastics Market: Overview

Based on performance, long fiber thermoplastics have reached their peak. They provide strength, stiffness, and toughness like no other material in their segment. They are often substituted for metals as they have the inherent characteristics to deliver high mechanical performance.

On the basis of resin type, the market can be segmented into polyamide (PA), polypropylene (PP), polybutylene terephthalate (PBT), and others. Long fiber thermoplastics application can be found in varied industries such as automotive, sporting goods, consumer goods, and electrical and electronics. The long fiber thermoplastics market can also be segmented on the basis of fiber type into long carbon fiber thermoplastic and long glass fiber thermoplastic.

The report presents a comprehensive overview of the various factors contributing to the expansion of the global long fiber thermoplastics market. It also presents insights into challenges that the market could face over the forecast period. The prevailing trends in the overall market operations are also studied in this report in detail.

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Global Long Fiber Thermoplastics Market: Key Trends

Long fiber thermoplastics are lightweight and environment-friendly, hence they are widely used as applicants in industrial goods, automotive, and consumer goods – constituting as the major driver for market growth.

In terms of application, the automotive industry is said to drive market growth, both by volume and value. The automotive industry has to abide by strict laws and regulations, especially ones related to the emission of carbon dioxide. In order to reduce their carbon footprint, numerous automobile companies are opting for productive, efficient, and lightweight components, leading to low fuel consumption. This means that metal components will subsequently be replaced with lightweight components and this will up the usage of long fiber thermoplastics.

There has been a considerable rise in the usage of polypropylene (PP) resins in the automotive, and electrical and electronics industries, enabling it to register a high growth rate based on resin type. What makes PP resins so popular is their features of elasticity, transmissivity, fatigue resistance, insulation, high chemical resistance, and toughness. In addition, PP resins have high resistance to electricity and are used along with glass or carbon fibers to manufacture electronic components.

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Global Long Fiber Thermoplastics Market: Regional Outlook

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the prominent regions that form a strong base for the global long fiber thermoplastics market. Among the regions mentioned, Europe is expected to hold a large share in the market during the forecast period. The demand is expected to grow even further due to increasing use of thermoplastic-based composites, higher acceptance level of composites materials, and growth in end-use industries.

It is also projected that Asia Pacific and Rest of the World will exhibit a strong demand for long fiber thermoplastics in the near future. There is an enormous requirement for composites in consumer goods, automotive, and industrial goods, thereby giving impetus to the market growth.

Global Long Fiber Thermoplastics Market: Key Players

The report examines the prevailing competition in the market and profiles some of the leading companies operating in the global long fiber thermoplastics market. These include PolyOne, Celanese Corporation, Solvay S.A., Lanxess AG, RTP Company, and PlastiComp Inc. It also presents insights into the threats and opportunities that these companies are expected to witness in the near future.

Long Fiber Thermoplastics Use Rising in Automotive Manufacturing

San Francisco, California, May 29, 2017: TMR Research announces a new report on the global long fiber thermoplastics market. The report studies the past and present figures of the market to compile a solid database. Based on this databank, solid projections are made regarding the development trajectory of the global long fiber thermoplastics market in the coming years. The regional and competitive dynamics of the global long fiber thermoplastics market are also assessed in the report, which helps provide readers with a comprehensive overview of the market. The report is titled ‘Long Fiber Thermoplastics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.’

The global long fiber thermoplastics market has been driven primarily by the rising use of polymers and plastics in a diverse range of manufacturing industries. Long fiber thermoplastics present several advantages over conventional manufacturing materials, such as light weight and easy reusability. Their light weight has become a key reason for the growing demand from the global long fiber thermoplastics market from the consumer electronics and automotive industries. Lightweight materials enhance automotive design as well as adding to the fuel efficiency of the vehicle, while the ergonomic boost imparted by lightweight materials has made long fiber thermoplastics crucial for the consumer electronics market.

Like most plastics and polymers, long fiber thermoplastics also offer high resistance against corrosion as well as heat. This is also likely to be a crucial driver for the global long fiber thermoplastics market, as the integrity of the manufacturing material is vital to the both automotive and consumer electronics sectors. Due to the intense competition in both sectors, the aesthetic benefits imparted by the corrosion-resistant long fiber thermoplastics have also become important for the market.

The rapid growth of the consumer electronics industry in developing Asia Pacific countries has been a crucial driver for the global long fiber thermoplastics market. This has driven the demand from the Asia Pacific long fiber thermoplastics market, and has also forced consumer electronics manufacturers in developed economies to consider long fiber thermoplastics in order to improve their pricing structure as well as enhance the ergonomics of their products. The rising disposable income of consumers in Asia Pacific is likely to remain an important driver for the global long fiber thermoplastics market in the coming years.

Asia Pacific has also been vital for the global long fiber thermoplastics market due to the growing automotive industry in the region. The Chinese automotive industry has taken rapid steps to join the ranks of global giants in the last few years, while South Korea and Japan have been among the conventional leaders in the global automotive market. The rising regulatory support to measures that reduce fuel emission from cars is likely to drive the demand from the global long fiber thermoplastics market, as the lightness imparted by long fiber thermoplastics has a significant beneficial effect on the vehicle’s fuel efficiency.

Despite the strong growth prospects of the Asia Pacific market for long fiber thermoplastics, Europe is likely to be the leading regional contributor to the global market in the coming years. The steady technological progression of the automotive industry in Europe has made it easier for companies in the region to incorporate manufacturing advances in their operations. The steady government support to environmental initiatives has also bolstered the long fiber thermoplastics market in Europe and is likely to remain a key driver for the market in the coming years.

Leading players in the global long fiber thermoplastics market are profiled in the report in order to shed light on the competitive dynamics of the market. Key companies examined in the report include Celanese Corporation, PolyOne, PlastiComp Inc., Solvay SA, RTP Company, and Lanxess AG.