PUBLISHER: Lucintel | PRODUCT CODE: 1153972
PUBLISHER: Lucintel | PRODUCT CODE: 1153972
LFT Market Trends and Forecast
The future of the LFT market looks promising with opportunities in the automotive, consumer goods, and industrial goods end uses. The global LFT market is expected to reach an estimated $1.7 billion by 2027 with a CAGR of 6.7% from 2021 to 2027. The major drivers for growth in this market are increasing demand for lightweight parts with high performance benefits in the automotive industry helped to boost the global demand for long fiber thermoplastics.
Emerging Trends in the LFT Market
Emerging trends, which have a direct impact on the dynamics of the industry, includes development and use of polyamide in LFT as well as D-LFT are replacing PP for more structural applications and growing focus on bio-based materials for LFT.
A total of 107 figures / charts and 68 tables are provided in this 205-page report to help in your business decisions. Learn the scope of benefits, companies researched, and other details of the LFT market report.
LFT Market by Segment
LFT Market by End Use [Value ($M) and Volume (M lbs) shipment analysis for 2016 - 2027]:
LFT Market by Material Form [Value ($M) and Volume (M lbs) shipment analysis for 2016 - 2027]:
LFT Market by Fiber Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 - 2027]:
LFT Market by Resin Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 - 2027]:
LFT Market by Region [Value ($M) and Volume (M lbs) shipment analysis for 2016 - 2027]:
List of LFT Companies
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 LFT companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the LFT companies profiled in this report includes.
LFT Market Insight
Features of LFT Market
FAQ
Q1. What is the LFT market size?
Answer: The global LFT market is expected to reach an estimated $1.7 billion by 2027
Q2. What is the growth forecast for LFT market?
Answer: The LFT market is expected to grow at a CAGR of 6.7% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the LFT market?
Answer: The major drivers for growth in this market are increasing demand for lightweight parts with high performance benefits in the automotive industry helped to boost the global demand for long fiber thermoplastics.
Q4. What are the major applications or end use industries for LFT?
Answer: Automotive and industrial goods are the major end uses for LFT.
Q5. What are the emerging trends in LFT market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, includes development and use of polyamide in LFT as well as D-LFT are replacing PP for more structural applications and growing focus on bio-based materials for LFT.
Q6. Who are the key LFT companies?
Answer: Some of the key LFT companies are as follows:
Q7. Which LFT material type segment will be the largest in future?
Answer: Lucintel forecasts that LFRT will remain the largest segment by material form both in terms of value and volume because it offers greater design flexibility and provides better resistance to chemicals and corrosion and it is expected to witness the highest growth over the forecast period due to its better cleansing and moisturizing properties
Q8. In LFT market, which region is expected to be the largest in next 5 years?
Answer: Europe 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.