Lucintel Forecasts the Global Long Fiber Reinforced Thermoplastics Market to Reach $822 Million by 2030
Lucintel Forecasts the Global Long Fiber Reinforced Thermoplastics Market to Reach $822 Million by 2030
Blog Article
According to a market report by Lucintel, the future of the global long fiber reinforced thermoplastics market looks promising with opportunities in the including transportation, electrical and electronics applications. The global long fiber reinforced thermoplastics market is expected to reach an estimated $822 million by 2030 from $658 million in 2023 at a CAGR of 8% from 2023 to 2030. The major drivers for this market are increasing demand for demand for high performance materials, design flexibility and cost efficiency factors.
Browse 120 figures/charts and 94 tables in this 177-page report to understand trends, opportunity and forecast in long fiber reinforced thermoplastics market to 2030 by type (glass fiber, carbon fiber), application (transportation, electrical and electronics, others), and region (North America, Europe, Asia Pacific, and the Rest of the World)..
Lucintel forecasts that the glass fiber segment will be the largest segment during the forecast period.
Transportation segment is expected to remain the largest market in terms of value and volume consumption. The major driver for this segment are demand for lightweight materials that offer high strength, durability, and design flexibility, crucial for enhancing vehicle performance, fuel efficiency, and meeting regulatory standards.
Asia Pacific (APAC) is expected to remain the largest region by value and volume; APAC is also expected to experience the highest growth over the forecast period due to increasing automotive production, rising construction and infrastructure activities, expanding electronic market, and demand for lightweight materials especially in China and India are the major growth drivers
JNC, RTP, SABIC, TechnoCompound, Celanese are the major suppliers in the long fiber reinforced thermoplastics market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056