Long Fiber Thermoplastics Market Size, Company Revenue Share, Key Drivers, Demands, and Trend Analysis, 2017–2027


The global long fiber thermoplastics market is forecast to reach a market size of USD 5,749.3 Million by 2027, and register a significantly high revenue growth rate over the next seven years, according to a new report by Reports and Data. Growing demand for long fiber thermoplastics can be attributed to growth of the electronics industry. Long fiber thermoplastics possess high impact resistance and function as a buffer for delicate electronic components and parts and comply with several regulatory policies and norms in the electronics industry. Long fiber thermoplastics also have very good temperature resistance and low water absorption capacity, which are critical for the proper functioning and safety of electric devices. Furthermore, in electronic applications, long fiber thermoplastics like Polyamides are considered suitable for the passing of specific tests like GWIT, as these have excellent flame regarding capability.

Request Free Sample: https://www.reportsanddata.com/sample-enquiry-form/3754

Key market participants include Lanxess AG, PlastiComp Inc., Solvay, BASF SE, Celanese Corporation, Mitsubishi Chemical Holdings, Daicel Polymer Ltd., Avient Corporation, Toray Industries Inc., and Asahi Kasei Corporation.

The COVID-19 impact
The COVID-19 pandemic had a severe impact on long fiber thermoplastic market. Global shutdown of the automotive industry and movement restriction have severely affected the sales of electric vehicles. Also, mass layoffs have resulted in decreased consumer spending, plummeting the demand for consumer electronic goods. All these factors have resulted in a decline in demand for long fiber thermoplastic materials.

Further key findings from the report suggest

  • Polypropylene possesses a tactile, slippery surface and is considered optimal for use in low friction automotive applications, including gears. Polypropylene provides exceptional elasticity and fatigue resistance providing enhanced durability and strength. Also, high electrical resistance of polypropylene finds widespread application in producing electrical products and cables.
  • Long fiber thermoplastics adaptability to numerous fabrication methods and high temperature resistance has stimulated the market growth. Additionally, long fiber thermoplastics are increasingly used as alternates to metals due to their cost-efficiency.
  • Long fiber thermoplastics market in Europe accounted for the largest revenue share in 2019, owing to growing sales of electric vehicles, growing demand for fuel-efficiency, and stringent regulatory policies to curb vehicle emission in the region.

For the purpose of this report, Reports and Data has segmented the global long fiber thermoplastics market on the basis of resin type, fiber type, industry vertical, and region:

Resin Type Outlook (Revenue, USD Million; 2017-2027)

  • Polypropylene
  • Polyamide
  • Polyether Ether Ketone
  • Polyphthalamide
  • Others

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/long-fiber-thermoplastics-market

Fiber Type Outlook (Revenue, USD Million; 2017-2027)

  • Glass
  • Carbon
  • Others

Industry Vertical Outlook (Revenue, USD Million; 2017-2027)

  • Automotive
  • Consumer Goods
  • Electronics
  • Sports
  • Others

Regional Outlook (Revenue, USD Million; 2017-2027)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • MEA
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of LATAM

Ask For Discount: https://www.reportsanddata.com/discount-enquiry-form/3754

Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

About Us:

Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com/

Direct Line: +1-212-710-1370

E-mail: [email protected]

Next Post

Facial Care Products Market Revenue Growth, New Launches, Regional Share Analysis & Forecast Till 2028

Reports and Data has assessed the Facial Care Products Market2028 through extensive research on various aspects of the industry such as market size, market share, and revenue growth and a comprehensive analysis of key trends affecting market growth. The report employs both qualitative and quantitative techniques to thoroughly assess product […]
Remote Starter Market

Subscribe US Now