San Jose, California (PRWEB) August 05, 2013
Follow us on LinkedIn – Driven by advantages such as creep resistance, low warpage, and impact strength, Long Fiber Thermoplastics (LFTs) are finding increased use as metal substitutes in a number of structural and semi-structural applications. Demand for LFT worldwide grows in tandem with the developments in the automotive industry, as about 78% of LFT materials go into manufacturing structural parts of automobiles. The trend towards sleek, small, lightweight vehicles is playing an instrumental role in increasing opportunities for LFT across the automotive sector because the stiffness offered by the composite material is ideal for structural parts of shorter lengths.
End-of-Life legislations, particularly in Europe, which make recycling of materials compulsory is also driving growth in the market. Long Glass Fiber Reinforced Polypropylene (LGFRP) is growing in popularity among auto makers, owing to the latter’s mono-material construction that enables recyclability. The lightweight, recyclability, and low cost advantage enjoyed by LFTs will continue to offer long term growth opportunities. LFT consumption in non-automotive applications is forecast to grow at a CAGR of 5.3% over the analysis period.
As stated by the new market research report on
Long Fiber Thermoplastics, Europe represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market led by strong growth in China and India. Polypropylene is the dominant resin type for long fiber thermoplastics. In terms of end-use, the automotive sector continues to be the largest LFT consuming industry. LFTs are used for manufacturing door modules, front-end modules, instrument panels, and underbody shields, among others. Non-automotive applications for LFT include industrial, and general goods, among others.
Key players covered in the report include Composite Technologies Co. LLC, CPI Binani Inc., Daicel Polymer Limited, JNC Corporation, PlastiComp™ LLC, PPG Industries, RTP Company, SABIC EUROPE BV, SAMBARK LFT Co. Ltd., Shanghai Genius Advanced Material Co., Sumitomo Chemical Company Ltd., Ticona Engineering Polymers, and TechnoCompound GmbH, among others.
The research report titled "Long Fiber Thermoplastics (LFT): A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of the Long Fiber Thermoplastics market, current market trends, key growth drivers, mergers and acquisitions, and other strategic industry activities. The report provides market estimates and projections for Long Fiber Thermoplastics consumption in tons for geographic markets, such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America, and Rest of World. Thermoplastic resin types analyzed in the report include Polypropylene Resin and Other Resin Types. Key end-use applications analyzed in the report include Automotive Applications (Door modules, front-end modules, instrument panels, underbody shields, and other applications), and Non-Automotive Applications (industrial and general goods, and other applications).
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Long_Fiber_Thermoplastics_LFT_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/