Lucintel Forecasts Strong Growth in Long Fiber Reinforced Thermoplastics:Market Anticipated to Reach $1,088 Million in 2017
Lucintel ForecastsStrong Growth in Long Fiber Reinforced Thermoplastics:Market Anticipated to Reach $1,088 Million in 2017
Irving, Texas (PRWEB) August 08, 2012
The use of long fiber reinforced thermoplastics (LFT) materials, which initially was driven by consumption growth in Europe, is becoming more prevalent in all regions of the world. Although LFT is more expensive than competitive materials, its use is growing in applications where weight savings, fuel savings, and other high-performance benefits are critical. The LFT market is expected to witness a solidCAGR of 7.9% over the next five years and reach $1,088 million in 2017.
Lucintel, a leading global management consulting and market research firm, has analyzed the global LFTmarket and presents its findings in “Global Long Fiber Thermoplastics Market 2012-2017: Trend, Forecast, and Opportunity Analysis.”
Lucintel’s research indicates thatweight reduction and fuel economy are the major growth drivers for using LFT in automotive applications in addition to the material’s performance characteristics. LFT materials are likely to see double-digit growth rates with growing opportunities in the transportation and other non-automotive industries.Direct Long Fiber Thermoplastic (D-LFT) materials are expected to continue dominating in the underbody panel application in the European automotive market. D-LFTmaterials also are anticipated to capture the automotive underbody system market in North America.
Automotive is the most rapidly growing market segment for LFT material and will still be a predominant market segment for LFT materials over the next five years. Growth is expected in modular applications, such as front end modules, door modules, and underbody systems.Industrial goods are the second-largest market for LFT material and are expected to experience robust growthwhile remaining a lucrative sector over the forecast period.
Asia, which offers particularly large growth potential, is expected to surpass North America in consumption by 2020. In Europe and North America, both pellet and inline processing techniques are extensively used. In Asia, D-LFT processing is currently the technology of choice.
The report, which provides trend scenarios and forecast statistics for 2012–2017; details industry drivers and challenges; highlights the LFT market by products, applications, and regions; describes LFT materials, outlines manufacturing processes; and more.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.
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