Title: long fiber thermoplastics market share by applications and regions for 2019-2025
1 Long Fiber Thermoplastics Market by products,
applications regional analysis 2019-2025
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2Global Market Scenario of Long Fiber
Thermoplastics Industry
- Long Fiber Thermoplastics Market size is set to
surpass USD 3 billion by 2025 according to a new
research report by Global Market Insights, Inc. - Growing consumer preferences towards
featherweight products may significantly surge
long fiber thermoplastics (LFT) market size as it
boasts high strength to weight ratio. Properties
including, recyclability and bio-degradability
makes it appropriate for usage in automotive,
aerospace, sports and furniture applications
thereby driving product demand. - Pre-fabricated movable properties are rising with
expanding urbanization accomplishments which has
increased demand for lightweight furnitures.
Long fiber thermoplastics market demand may
witness growth due to its extensive usage in
furniture industry as it boasts UV and chemical
resistance which safeguards furniture material
from harsh conditions. LFT upholds good
mechanical stability affirms its viability in
this industry. - Sluggish living standards has increased obesity
disorders has shifted consumer towards sports
activities like cycling which in turn may
increase long fiber thermoplastics market demand.
LFT has application in manufacturing bicycles as
it indorses frothy properties which ensures
better-quality of handling and rideability of
bicycles which may amplify market growth.
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3Continue-
- LFT manufactured using polyurethane for
manufacturing of cars, trucks and tractors. These
thermoplastics boasts lightweight, impact
scratch resistive nature ensures reduction of
kerb weight long-lasting durability of
automobiles. These factors will increase fuel
efficiency of vehicles and will offer better
stability and handling on roads which may
stimulate long fiber thermoplastics market
demand. - Upsurge in consumption of substitutes like
polyvinyl chloride and thermosets in automotive,
construction and aviation industry due to its
wider availability and lesser outlays might
hamper growth of long fiber thermoplastics market
demand.
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5360 Industry Analysis
- China long fiber thermoplastics industry size may
witness significant gains up to 10.5 in the
forecast timeline. The product being thermal and
chemical resistant in nature is used for
construction of waste treatment plants.
Sanitization initiative taken by Chinese
government may lead to growth of LFT market. - Long fiber thermoplastics market demand may
witness an upwards trend due to its usage in
electrical and electronic industry in formulation
of electric appliances. It is widely utilized in
formulation of microwave ovens, geysers,
hairdryers, air conditioners and fans which may
amplify product demand. - Global LFT industry size from furniture
applications is anticipated to exceed USD 70
million by 2025. These thermoplastics are
biodegradable in nature which ensures ecofriendly
characteristics and are appropriate to use in
furniture industry for assembly of beach chairs,
movable ladders and tables which may expand
product growth. -
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6Industry Background
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7- Competitive Analysis
- Global long fiber thermoplastics market share is
slightly fragmented with key industry players
includes Celanese Corporation, Asahi Kasei,
SABIC, Solvay group, Plasticomp, RTP Company and
Quadrant Group. Manufacturing companies are
contributing more funds towards research
development activities to develop innovative
products from long fiber thermoplastics.
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8Latest Research Report On Long Fiber
Thermoplastics Market_at_ https//bit.ly/2v75U6k
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