Long Fiber Thermoplastics (LFT) Global Market Report 2023: Product Innovations to Woo Automotive Manufacturers

Dublin, May 26, 2023 (GLOBE NEWSWIRE) -- The "Long Fiber Thermoplastics (LFT): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Long Fiber Thermoplastics (LFT) Market to Reach $5.7 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Long Fiber Thermoplastics (LFT) estimated at US$3 Billion in the year 2022, is projected to reach a revised size of US$5.7 Billion by 2030, growing at a CAGR of 8.4% over the analysis period 2022-2030.

Polypropylene (PP), one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$2.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Polyamide (PA) segment is readjusted to a revised 8.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $817.9 Million, While China is Forecast to Grow at 12.1% CAGR

The Long Fiber Thermoplastics (LFT) market in the U.S. is estimated at US$817.9 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 12.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 6.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$817.7 Million by the year 2030.

Select Competitors (Total 12 Featured) -

  • Celanese Corporation
  • Daicel Polymer Limited
  • PlastiComp Inc.
  • PolyOne Corporation
  • PPG Fiber Glass
  • RTP Company
  • Solvay
  • Sumitomo Chemical Co., Ltd.
  • TechnoCompound GmbH

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages178
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$3 Billion
Forecasted Market Value (USD) by 2030$5.7 Billion
Compound Annual Growth Rate8.4%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • A Prelude
  • Recent Market Activity
  • Consumption Analysis
  • Factors Driving LFT Consumption
  • Automotive Industry: The Major End-Use Sector for LFT
  • A Peek into the Competitive Landscape
  • Long Fiber Thermoplastics (LFT) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession



  • LFT In The Macro Economic Perspective - A Review
  • Positive Economic Outlook Keeps Market Sentiment Intact
  • Market on Growth Path In spite of Volatility in Global PMI
  • Positive Eurozone Economic Outlook Bodes Well for the Market
  • Fiscal Cliff Concerns in the US and the Road Ahead
  • Application Market Overview & Trends
  • Automotive Market
  • Product Innovations to Woo Automotive Manufacturers
  • Technological Improvements Enhance Durability of LFT Auto Components
  • LFTs- An Ideal Lightweight Substitute for Metals in the Auto Industry
  • Recyclability - Vital to Promote Uptake of LFT in Automotive Sector
  • Global Automotive Industry at a Glance
  • Rising Global Automotive Production - A Business Case
  • In-line Compounding Process Increases the Uptake of LFT
  • Demand from Non-Automotive Sector on the Rise
  • Select Market Trends
  • Hybrid LFTs Come to the Fore; Set to Drive Adoption of LFTs
  • Natural Fiber Reinforcements Gaining Prominence in LFRTs
  • Cellulose Fiber Reinforced Thermoplastic - A Natural Alternative
  • Advantages of LFT Gives an Upper Hand over GMT
  • Long Glass Fiber Reinforced Polypropylene - A Cut above the Rest
  • Focus on Performance Improvement Fuels Research
  • New Techniques Emerge for More Realistic Microstructure Simulation and Representation




A selection of companies mentioned in this report includes

  • Celanese Corporation
  • Daicel Polymer Limited
  • PlastiComp Inc.
  • PolyOne Corporation
  • PPG Fiber Glass
  • RTP Company
  • Solvay
  • Sumitomo Chemical Co., Ltd.
  • TechnoCompound GmbH

For more information about this report visit https://www.researchandmarkets.com/r/b75agm

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Global Market for Long Fiber Thermoplastics (LFT)

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