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, driven by increasing demand in automotive and aerospace sectors. The global market size is projected to reach USD 1.5 billion by 2028. Key trends include advancements in processing technologies and rising adoption of sustainable materials, enhancing performance and lightweight solutions.
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Companies Covered
(Covid 19 Impact Covered)
◍ Celanese Corporation
◍ PolyOne Corporation
◍ Solvay S.A
◍ PlastiComp Inc
◍ RTP Company
◍ Lanxess AG
◍ Asahi Kasei
◍ SGL Group
◍ SABIC
◍ PPG Fiber Glass Inc
◍ Sumitomo Chemical Company Ltd
◍ Technocompound GmbH
◍ Quadrant AG
◍ Kingfa
◍ Daicel Polymer Limited
◍ Dieffenbacher
The Long-Fiber Thermoplastics (LFT) market features significant players like Celanese, Solvay, and SABIC, who utilize LFT for lightweight, durable materials in automotive and industrial applications. Companies like RTP and PlastiComp innovate in formulations, driving market growth. For example, Celanese reported revenues of approximately $6 billion, while SABIC reported $40 billion.
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Market Segmentation
By Application
Automotive
Aerospace
Electronics
Building & Construction ◍ Sporting Equipment
◍ Other (Furniture, Marine, etc.)
By Product
Polypropylene
Polyamide
Polybutylene Terephthalate
Other
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Market Growth
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$ X Billion USD
