Long Fiber Thermoplastics (LFT) Global Strategic Business Research Report 2024-2025 & 2030: Increasing Demand for Lightweight Automotive Materials and Expansion of Industrial Applications Fuels Growth - ResearchAndMarkets.com

The "Long Fiber Thermoplastics (LFT) - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Long Fiber Thermoplastics (LFT) was valued at US$3.6 Billion in 2024 and is projected to reach US$5.7 Billion by 2030, growing at a CAGR of 8.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Long Fiber Thermoplastics (LFT) market.

Long Fiber Thermoplastics (LFT) - Key Trends and Drivers

Long Fiber Thermoplastics (LFT) are a class of composite materials that combine the durability and strength of long glass or carbon fibers with the flexibility and ease of processing of thermoplastics. These materials are used in a variety of applications where high strength-to-weight ratios and enhanced mechanical properties are critical. The continuous fibers in LFTs, typically longer than 10 mm, are distributed throughout the thermoplastic matrix, providing improved impact resistance, stiffness, and strength compared to traditional short-fiber composites.

Common thermoplastic matrices used in LFTs include polypropylene (PP), polyamide (PA), and polyetheretherketone (PEEK), each offering unique benefits depending on the application requirements. The production processes for LFTs, such as pultrusion and extrusion-compression molding, enable the creation of components with complex shapes and superior structural integrity, making them ideal for use in automotive, aerospace, industrial, and consumer goods sectors.

Several trends are shaping the landscape of LFT materials, driven by technological advancements and evolving market demands. One significant trend is the growing emphasis on lightweighting in the automotive and aerospace industries. LFTs are increasingly being used to replace metals and heavier materials in components such as front-end modules, underbody shields, and interior parts, contributing to overall weight reduction and improved fuel efficiency.

The push for sustainability and recyclability in materials is also propelling the development of LFTs made from recycled fibers and bio-based thermoplastics, aligning with global efforts to reduce carbon footprints and enhance environmental responsibility. Additionally, advancements in manufacturing technologies, such as hybrid molding and direct long fiber thermoplastic (DLFT) processes, are expanding the possibilities for LFT applications by improving production efficiency and material performance.

The growth in the Long Fiber Thermoplastics (LFT) market is driven by several factors. Technological advancements in polymer science and composite manufacturing are enhancing the mechanical properties and processing capabilities of LFTs, making them more versatile and suitable for a wider range of applications. The increasing demand for lightweight, high-performance materials in the automotive and aerospace industries is a significant driver, as manufacturers seek to improve fuel efficiency and reduce emissions. Consumer behavior trends towards durable and high-quality products are also contributing to the market expansion, as LFTs offer superior impact resistance and longevity.

Additionally, the push for sustainability and the adoption of circular economy principles are encouraging the use of recycled and bio-based materials in LFT production. Government regulations aimed at reducing vehicle emissions and improving energy efficiency are further supporting the adoption of LFTs in various industries. The ongoing research and development efforts, along with strategic partnerships and collaborations in the industry, are expected to sustain the robust growth of the LFT market in the coming years.

Report Scope

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Polypropylene (PP) segment, which is expected to reach US$2.3 Billion by 2030 with a CAGR of a 9.1%. The Polyamide (PA) segment is also set to grow at 8.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $963.3 Million in 2024, and China, forecasted to grow at an impressive 11.8% CAGR to reach $1.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Celanese Corporation, Daicel Polymer Limited, PlastiComp Inc., PolyOne Corporation, PPG Fiber Glass and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Segments:

• Resin Type (Polypropylene (PP), Polyamide (PA), Polyether Ether Ketone (PEEK), Polyphthalamide (PPA), Other Resin Types)
• Fiber Type (Glass Fiber, Carbon Fiber, Other Fiber Types)
• Application (Automotive, Aerospace, Electronics Appliances, Sports & Leisure, Other Applications)

What's Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry

Key Attributes:

Key Topics Covered:

MARKET OVERVIEW

• Influencer Market Insights
• Global Economic Update
• Long Fiber Thermoplastics (LFT) - Global Key Competitors Percentage Market Share in 2024 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

• Increasing Demand for Lightweight Materials in Automotive Industry Propels Growth in LFT Market
• Advancements in Polymer Science Strengthen Business Case for LFT Applications
• Push for Sustainability and Recyclability Expands Addressable Market Opportunity for Bio-Based LFTs
• Growing Use of LFTs in Aerospace Industry Drives Adoption of High-Performance Composites
• Advancements in Manufacturing Technologies Spur Growth in LFT Production Efficiency
• Development of Hybrid Molding Techniques Enhance LFT Application Scope
• Regulatory Requirements for Vehicle Emissions Propel Adoption of Lightweight LFT Components
• Expansion of Industrial Applications Expands Addressable Market for LFT Materials
• Integration of Direct Long Fiber Thermoplastic (DLFT) Processes Drives Market Efficiency
• Demand for Fuel-Efficient Vehicles Boosts Use of LFTs in Weight Reduction Strategies
• Increasing Use of Carbon Fiber in LFTs Accelerates Demand for High-Strength Composites
• Evolution of Advanced Thermoplastic Matrices Generates New Opportunities for LFTs

FOCUS ON SELECT PLAYERS: Some of the 12 companies featured in this Long Fiber Thermoplastics (LFT) market report include:

• Celanese Corporation
• Daicel Polymer Limited
• PlastiComp Inc.
• PolyOne Corporation
• PPG Fiber Glass
• RTP Company
• SABIC
• Solvay
• Sumitomo Chemical Co., Ltd.
• TechnoCompound GmbH

For more information about this report visit https://www.researchandmarkets.com/r/ihauot

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