Long Fiber Thermoplastics Market Report : Trends, Forecast and Competitive Analysis 1

Industry Profiles Snapshot Major ParameterDescription Market Segments by End Use Industry Automotive, consumer goods, industrial, and others Market Segments by Material Form LFRT and D-LFT Market Segments by Reinforcement Type Glass fiber and carbon fiber & others Market Segments by Resin Type Polypropylene, polyamide, and others Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name SABIC, RTP Company, Cytec Solvay Group, Chisso/JN, Borealis AG, TechnoCompound, Sambark, Xiamen, PolyOne, and Celanese Corporation. Trend Growth Rate and CAGR5.4% Key Industry Forecast The LFT market is expected to reach an estimated $1.3 billion by 2024 with a CAGR of 5.4% from 2019 to 2024 Key Industry Driver Driver: 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. 2

Industry Overview Market Size The LFT market is expected to reach an estimated $1.3 billion by 2024 with a CAGR of 5.4% from 2019 to Emerging trends, which have a direct impact on the dynamics of the LFT market, include, development of polyamide based LFT/D-LFT for structural application and increasing use of bio based materials in LFT. Market Size (2024)$1.3 billion CAGR ( )5.4% 3 Industry Performance : Forecast