The global long-fiber thermoplastics market size was US$ 4.06 billion in 2021 and is expected to reach US$ 9.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.7% during the forecast period from 2022 to 2030.
Long fiber thermoplastics are novel, strengthened structural goods with high levels of solidity, durability, and quality. As a result, several industry verticals use long fiber thermoplastics excessively as alternatives to metals and plastics. Due to their flexibility and strong mechanical durability, these plastics are used in the production of automotive components, including car seats, dashboards, and doors. Due to their corrosion-free and nonconductive properties, which internally shelter building structures and boost their inherent strength and longevity, these thermoplastics are also used as composites in construction and building.
Factors Pushing the Growth of the Global Market
The Effect of the COVID-19 Pandemic
The COVID-19 pandemic had a significant impact on the long-fiber thermoplastics market. In 2020, the pandemic caused many sectors to close their doors and seal off their borders.
Before the pandemic, China supplied raw materials to a large number of other countries. In 2020, fewer long-fiber thermoplastics were produced owing to governmental transit limitations and a shortage of raw materials from China. The low demand for long-fiber thermoplastics in 2020 was also a result of the decline in vehicle production caused by the reduced workforce and lack of customer demand.
Regional Overview
In 2021, Asia Pacific held the highest revenue share and is likely to grow at the highest CAGR throughout the projection period. As a result of the extensive supply chain and accessibility of raw resources, the region is likely to dominate during the forecast period. The need for long-fiber thermoplastics is also growing as electric vehicle (EV) manufacturing expands in the area. China is leading the electric vehicle production and supply. For instance, in 2021, the International Energy Agency (IEA) reports that China sold the most electric vehicles (EVs), with 3.3 million units sold.
Over the course of the forecast period, North America is likely to contribute a CAGR. Long fiber thermoplastics have a significant market share in the automotive, aerospace, and electrical & electronics sectors. One of the main drivers of the expansion of long-fiber thermoplastics is the region's substantial concentration of these sectors.
Prominent Competitors
Some of the prominent companies profiled in the global long-fiber thermoplastics market are:
Segmentation Outline
The global long fiber thermoplastics segmentation focuses on Resin Type, Fiber, Manufacturing Process, End-User, and Region.
Segmentation based on Resin Type
Segmentation based on Fiber
Segmentation based on Manufacturing Process
Segmentation based on End-User
Segmentation based on Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL LONG-FIBER THERMOPLASTICS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL LONG-FIBER THERMOPLASTICS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL LONG-FIBER THERMOPLASTICS MARKET, BY RESIN TYPE
5.1 OVERVIEW
5.2 POLYPROPYLENE
5.3 POLYAMIDE
5.4 POLYETHER ETHER KETONE (PEEK)
5.5 OTHERS
6 GLOBAL LONG-FIBER THERMOPLASTICS MARKET, BY FIBER
6.1 OVERVIEW
6.2 GLASS
6.3 CARBON
6.4 OTHERS
7 GLOBAL LONG-FIBER THERMOPLASTICS MARKET, BY MANUFACTURING PROCESS
7.1 OVERVIEW
7.2 INJECTION MOLDING
7.3 PULTRUSION
7.4 D-LFT
7.5 OTHERS
8 GLOBAL LONG-FIBER THERMOPLASTICS MARKET, BY END-USER
8.1 OVERVIEW
8.2 AUTOMOTIVE
8.3 AEROSPACE
8.4 ELECTRICAL & ELECTRONICS
8.5 BUILDINGS & CONSTRUCTION
8.6 SPORTING GOODS
8.7 OTHERS
9 GLOBAL LONG-FIBER THERMOPLASTICS MARKET, BY GEOGRAPHY
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO
9.3 EUROPE
9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3.1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA
9.6 SOUTH AMERICA
9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA
10 GLOBAL LONG-FIBER THERMOPLASTICS MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES
11 COMPANY PROFILES
11.1 SABIC
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS
11.2 RTP COMPANY
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS
11.3 JNC CORPORATION
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS
11.4 AVIENT CORPORATION
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS
11.5 CELANESE CORPORATION
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS
11.6 LANXESS
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS
11.7 SOLVAY
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS
11.8. DAICEL CORPORATION
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS
11.9 KINGFA SCI. & TECH. CO., LTD.
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS
11.10 SGL CARBON
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS
11.11 ASAHI KASEI CORPORATION
11.11.1 OVERVIEW
11.11.2 FINANCIAL PERFORMANCE
11.11.3 PRODUCT OUTLOOK
11.11.4 KEY DEVELOPMENTS
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