Market Research Report
Opportunities in the Short Fiber Thermoplastics Market: Growth Trends, Forecast and Competitive Analysis
|Opportunities in the Short Fiber Thermoplastics Market: Growth Trends, Forecast and Competitive Analysis|
Published: October 1, 2021
Content info: 175 Pages
Delivery time: 1-2 business days
The future of the global short fiber thermoplastic market looks promising with opportunities in the transportation, consumer goods, and electrical and electronics end use industries. The global short fiber thermoplastic market is declined in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $16.8 billion by 2026 with a CAGR of 4.4% from 2021 to 2026. The major drivers for growth in this market are increasing demand for light weight materials in different application markets where complex parts are designed.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of high temperature resistance grades of short fiber thermoplastic with PA6 to replace high cost resin systems like PA46 and PA12.
A total of 123 figures / charts and 105 tables are provided in this 175-page report to help in your business decisions.
By End Use Industry [Volume (Kilotons) and $M shipment analysis for 2015 - 2026]:
By Reinforcement Type [Volume (Kilotons) and $M shipment analysis for 2015 - 2026]:
By Resin Type [Volume (Kilotons) and $M shipment analysis for 2015 - 2026]:
By Region [Volume (Kilotons) and $M shipment analysis for 2015 - 2026]:
In this market, glass fiber is the major reinforcement type used in different end use industries. Lucintel forecast that glass fiber will remain the largest segment by value and volume and will experience the highest growth over the forecast period because it offers high tensile strength and provides outstanding electrical properties.
Within the global short fiber thermoplastic market, transportation will remain the largest end use industry and it is also expected to witness the highest growth over the forecast period due to increasing demand for short fiber thermoplastic based products in transportation industry.
Europe is expected to remain the largest region by value and ROW is expected to experience the highest growth over the forecast period due to growth in end use industries.
Some of the major suppliers of the short fiber thermoplastic market are BASF SE, SABIC, DSM NV, DowDuPont, LyondellBasell, and LANXESS.