Long Fiber Reinforced Thermoplastic (LFRT) Market
Long Fiber Reinforced Thermoplastic (LFRT) Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Long Fiber Reinforced Thermoplastic (LFRT) Market Size and Growth
The Long Fiber Reinforced Thermoplastic (LFRT) market is experiencing significant growth, driven by increasing demand in automotive, aerospace, and consumer goods. The global LFRT market size is projected to reach approximately USD 1.5 billion by 2028, with a CAGR of around 7% due to advancements in material technologies and sustainability initiatives.
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Companies Covered
(Covid 19 Impact Covered)
◍ Celanese Corporation
◍ GS Caltex
◍ SGL Group
◍ SABIC
◍ RTP
◍ Ticona
The LFRT market features key players like Celanese Corporation, GS Caltex, SGL Group, SABIC, RTP, and Ticona. These companies enhance market growth through innovative LFRT solutions and diverse applications across automotive and aerospace sectors. Notable sales revenues include Celanese ($6 billion) and SABIC ($36 billion), boosting industry investments.
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Market Segmentation
By Application
Transportation
Electrical & Electronics
Other
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By Product
Glass Fiber
Carbon Fiber
Copper Fiber
Other
Market Growth
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$ X Billion USD
