Long Fiber Thermoplastics (LFT) Market
Long Fiber Thermoplastics (LFT) Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Long Fiber Thermoplastics (LFT) Market Size and Growth
The Long Fiber Thermoplastics (LFT) market is experiencing significant growth due to increasing demand in automotive and aerospace sectors. Current market size is estimated at approximately $1.6 billion, with projections indicating a compound annual growth rate (CAGR) of around 10% over the next five years, driven by advancements in material technology and sustainability trends.
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Companies Covered
(Covid 19 Impact Covered)
◍ LOTTE CHEMICAL
◍ SABIC
◍ JNC Corporation
◍ RTP Company
◍ Daicel Polymer Limited
◍ Techno Compound
◍ Nippon Electric Glass (PPG)
◍ KINGFA
◍ PlastiComp
The Long Fiber Thermoplastics (LFT) market features key players like LOTTE CHEMICAL, SABIC, and RTP Company, driving innovation and demand through advanced materials for automotive and consumer applications. Companies expand market growth via R&D, strategic partnerships, and enhanced production capabilities. Sales figures for select companies illustrate strong revenue traction in this sector.
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Market Segmentation
By Application
Automotive
Non-Automotive (Military, Industrial, Aerospace)
By Product
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Market Growth
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$ X Billion USD
