Pune, India -- (SBWire) -- 03/01/2018 --The Global Long Fiber Thermoplastics Market represented USD 2.78 billion in 2016 and is anticipated to develop at a CAGR of 8.97% amid the gauge time of 2017 to 2024. The up and coming business sector report contains information for notable years 2014, 2015, the base year of figuring is 2016 and the conjecture time frame is 2017 to 2024.
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Global Long Fiber Thermoplastics Market by Fiber Type (Glass Fiber, Carbon Fiber), Resin Type (Polypropylene, Polybutylene Terephthalate¸ Polyamide), Application (Electrical & Electronics, Automotive, Sporting Goods, Consumer Goods), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Competitive Analysis
The global long fiber thermoplastics market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Top Competitors of Market
- Celanese Corporation,
- Solvay,
- Daicel Polymer Ltd.,
- LANXESS,
- the Quadrant group of companies,
- Sbhpp,
- Asahi Kasei Plastics,
- PolyOne, RTP Company,
- PlastiComp Inc.,
- PPG Industries, Inc.,
- Kingfa Science & Technology Limited,
- SGL Group,
- Dieffenbacher,
- TechnoCompound GmbH,
- JNC Corporation,
- Sumitomo Chemical Co. Ltd
- SABIC among others.
Global Market Segmentation of Long Fiber Thermoplastics Market
On the basis of fiber type, global long fiber thermoplastics are segmented into glass fiber long fiber thermoplastics and carbon fiber long fiber thermoplastics.
On the basis of resin type, global long fiber thermoplastics are segmented into polypropylene, polybutylene terephthalate, polyamide and others. Other types of resins are polyether ether ketone and polyphenylene sulfide.
On the basis of application, global long fiber thermoplastics are segmented into electrical & electronics, automotive, sporting goods, consumer goods and others. Other types of application includes aerospace and marine.
On the basis of geography, the global long fiber thermoplastics market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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Market Drivers and Restraints of Global Long Fiber Thermoplastics Market
- Strict regulation against the usage of CO2 emission vehicle and replacement with light weighted vehicle
- Numerous features such as easily recyclable and corrosive resistance.
- Growing usage in the different industries
- High manufacturing and processing cost
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Global Long Fiber Thermoplastics Market to Expand at 8.97% CAGR Due to Increasing Demand from GlobalChemical and Materials Industry
Global Long Fiber Thermoplastics Market accounted for USD 2.78 billion in 2016 and is projected to grow at a CAGR of 8.97% during the forecast period of 2017 to 2024.