Long-fiber Thermoplastics Market Size (2024 - 2029)

The long-fiber thermoplastics market is anticipated to expand significantly, driven by the rising demand for fuel-efficient transport vehicles. Despite the challenges posed by the costly and technically advanced forming processes, the market's potential is bolstered by opportunities in the Asia-Pacific region.

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Market Size of Long-fiber Thermoplastics Industry

Long-fiber Thermoplastics Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration Low

Major Players

Long-fiber Thermoplastics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Long Fiber Thermoplastics Market Analysis

The long-fiber thermoplastics market is expected to witness a CAGR of more than 6% during the forecast period(2022-2027). The major factor driving the growth of the market studied is the increased demand for fuel-efficient transport vehicles.

  • However, the technically advanced and expensive forming process is a hurdle to the market studied.
  • Growing usage in the Asia-Pacific region is projected to act as an opportunity for the market in the future.

Long Fiber Thermoplastics Industry Segmentation

The long-fiber thermoplastics market is segmented by resin, end-user industry, and geography. By resin, the market is segmented into polypropylene, polyamide, polybutylene terephthalate, and other types of resins. By end-user industry, the market is segmented into automotive, aerospace, electrical & electronics, buildings and construction, sporting equipment, and other end-user industries. The report also covers the market size and forecasts the long-fiber thermoplastic market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kiloton) and value (USD million).

Resin Type
Polypropylene
Polyamide
Polybutylene Terephthalate
Other Resin Types
End-user Industry
Automotive
Aerospace
Electrical & Electronics
Buildings & Construction
Sporting Equipment
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Long-fiber Thermoplastics Market Size Summary

The long-fiber thermoplastics market is poised for significant growth, driven primarily by the increasing demand for fuel-efficient transportation vehicles. These materials have become integral to the automotive industry due to their ability to reduce vehicle weight, enhance fuel efficiency, and comply with regulatory standards set by entities like the EPA. Long-fiber thermoplastics are utilized in various automotive applications, including powertrain, under-hood, and body components, offering benefits such as high strength, design flexibility, and dimensional stability. As these materials continue to replace conventional materials, their adoption is expected to rise, further fueled by the growing demand for automobiles.

The Asia-Pacific region is anticipated to experience robust growth in the long-fiber thermoplastics market, with countries like China, India, and ASEAN nations leading the charge. China's significant consumption of these materials is attributed to factors such as population growth, urbanization, and the substitution of metals with long-fiber thermoplastics in diverse applications. The demand is also rising across various sectors, including electrical and electronics, aerospace, and construction, driven by the abundant availability of raw materials and cost-effective production. The market is partially fragmented, with key players like Celanese Corporation, Avient Corporation, RTP Company, Solvay, and LANXESS playing pivotal roles in its development.

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Long-fiber Thermoplastics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increase in Defense Spending by Many Countries

      2. 1.1.2 Increase in Demand for Fuel-efficient Transport Vehicles

    2. 1.2 Restraints

      1. 1.2.1 Technically Advanced and Expensive Forming Process

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Resin Type

      1. 2.1.1 Polypropylene

      2. 2.1.2 Polyamide

      3. 2.1.3 Polybutylene Terephthalate

      4. 2.1.4 Other Resin Types

    2. 2.2 End-user Industry

      1. 2.2.1 Automotive

      2. 2.2.2 Aerospace

      3. 2.2.3 Electrical & Electronics

      4. 2.2.4 Buildings & Construction

      5. 2.2.5 Sporting Equipment

      6. 2.2.6 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Long-fiber Thermoplastics Market Size FAQs

The Long-fiber Thermoplastics Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Celanese Corporation, RTP Company, LANXESS, Solvay and Avient Corporation are the major companies operating in the Long-fiber Thermoplastics Market.

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