The changing dynamics in Long Fiber Thermoplastics Market with covid-19 impact assessment
June 04, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Long Fiber Thermoplastics Market.
It was estimated prior to this unanticipated outbreak that the Long Fiber Thermoplastics Market was expected to grow at a CAGR of 11.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Long fiber thermoplastics are molding items that have continuous-fiber filaments. These materials are high in stiffness and strength and have high resistance towards high temperatures.
Long fiber thermoplastics can be of different resins such as polypropylene, polyamide, polybutylene terephthalate, and others. Automotive, consumer goods, sporting goods, industrial goods, and others are the application areas where these materials are used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the application type, the market is segmented as automotive, consumer goods, sporting goods, industrial goods, and others. Long fiber thermoplastics are progressively employed in the automotive sector to substitute traditional materials for enhanced presentation, design liberty, weathering resistance, and weight lessening.
Based on the fiber type, the market is segmented as long glass fiber thermoplastic and long carbon fiber thermoplastic composites. The long glass fiber thermoplastic segment is estimated to depict significant growth in the coming five years, as they are increasingly used in the automotive and consumer goods industries. On the other hand, long carbon fibers are widely used in applications, such as sporting goods and aerospace, as these applications demand elevated toughness.
In terms of regions, Europe was the largest market for long fiber thermoplastics in 2018. The region is estimated to maintain its dominance during the forecast period. The market is driven by the growing demand for long fiber thermoplastics from various end-use industries. Asia-Pacific and North America are also expected to offer sizeable growth opportunities in the coming five years.
Key Players:
Some of the major players in the long fiber thermoplastics market are SABIC, Celanese Corporation, PolyOne, Solvay SA, PlastiComp Inc., RTP Company, and Lanxess AG.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Long Fiber Thermoplastics Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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