PUBLISHER: Lucintel | PRODUCT CODE: 1266717
PUBLISHER: Lucintel | PRODUCT CODE: 1266717
The future of the global SFT market looks promising with opportunities in the transportation, consumer goods, and electrical and electronics end uses. The global SFT market is expected to reach an estimated $29.9 billion by 2028 with a CAGR of 5.1% from 2022 to 2028. The major drivers for growth in this market are increasing demand for light weight materials in different application markets where complex parts are designed.
Emerging trends, which have a direct impact on the dynamics of the industry, includes development of high temperature resistance grades of SFT with pa6 to replace high cost resin systems and increasing use of recycled carbon fiber as CF reinforced compounds.
A total of 138 figures / charts and 96 tables are provided in this 185-page report to help in your business decisions. Learn the scope of benefits, companies researched, and other details of the SFT market report.
The study includes a forecast for the global SFT market by end use, reinforcement type, resin type, and region as follows:
SFT Market by End Use [Value ($M) and Volume (M lbs) shipment analysis for 2017 - 2028]:
SFT Market by Reinforcement Type [Value ($M) and Volume (M lbs) shipment analysis for 2017 - 2028]:
SFT Market by Resin Type [Value ($M) and Volume (M lbs) shipment analysis for 2017 - 2028]:
SFT Market by Region [Value ($M) and Volume (M lbs) shipment analysis for 2017 - 2028]:
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies SFT companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the SFT companies profiled in this report includes.
Q1. What is the SFT market size?
Answer: The global SFT market is expected to reach an estimated $29.9 billion by 2028.
Q2. What is the growth forecast for SFT market?
Answer: The SFT market is expected to grow at a CAGR of 5.1% from 2022 to 2028.
Q3. What are the major drivers influencing the growth of the SFT market?
Answer: The major drivers for growth in this market are increasing demand for light weight materials in different application markets where complex parts are designed.
Q4. What are the major applications or end use industries for SFT?
Answer: Transportation and consumer goods are the major end uses for SFT.
Q5. What are the emerging trends in SFT market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, includes development of high temperature resistance grades of SFT with pa6 to replace high cost resin systems and increasing use of recycled carbon fiber as CF reinforced compounds.
Q6. Who are the key SFT companies?
Answer: Some of the key SFT companies are as follows:
Q7. Which SFT reinforcement segment will be the largest in future?
Answer: Lucintel forecasts that glass fiber will remain the largest segment by value and volume over the forecast period because it offers high tensile strength and provides outstanding electrical properties.
Q8. In SFT market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to remain the largest region and ROW witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.