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Global Long Fiber Thermoplastics (LFT) Market

  • Published Date: 18 Jul 2018
  • Number of Pages: 190
  • Category: Chemicals
  • Country: Global
Thermoplastics are polymers or plastic materials which become shapeable above certain temperatures and gets solidified as they cool down. Long Fiber Thermoplastics (LFT in short) are a subtype of thermoplastics, containing granular fibers in the polymer matrix. The compounds are unidirectional and 10-12 mm in length. They have better structural properties in comparison to traditional materials like metals and thermosets. The properties include weight reduction, stiffness, strength, toughness,design freedom, corrosion & heat resistance, color consistency etc. They can be reinforced using a wide range of fibers, and the properties of the matrix formed can be customized to suit specialized requirements. The LFT based components are made using injection or compression molding, additive manufacturing, pultrusion etc.


The major end-users of these systems are in the automobile, aerospace,mass-transit, construction, defense,portable electronics, and furnitureindustry. In the automotive industry, LFT is used to make door panels, modules, and under body shields. Lighter machines made using them help in reducing fuel consumption. Aerospace industry also utilizes this feature to make aircraft parts. LFTs are also used to make envelope components like doors and windows in the construction industry to separate the interior and exterior of a building. Theyare used to make tanks stronger in the tangential direction. LFTs are used in replacing metallic in housings and chasses in portable electronics like mobile phones, laptops etc.

Market Dynamics

The demand for long fiber thermoplastics is mainly driven by it being a substitute for traditional materials used in automobile industry, its customizability,research developments,newfoundapplications, andlowering costs.
This increasing demand is constrained by high initial investment costs required, low awareness, and decreasing prices. Long Fiber Thermoplastics are engineering materials solutions with growing usage and technological breakthroughs, entailing a multibillion-dollar opportunity.

Market Segmentation

The market can be segmented in terms of the types of forms used and by its application.
Segmentation based on form majorly comprises of glass mat (GMT), precompounded (pelletized) LFT, and inline compounded or direct LFT (D-LFTs). Based on application, it can be classified on the basis of the industrial sectors of its end users.
All of the above segmentations are fluid as newer technologies emerge. Additionally, the geographical concentration of the markets and the makers give an additional layout to these segments.
Regional/Geographic Analysis
Europe, especially Switzerland& Germany, has been the pioneer in LFTs and hence hold a dominant market share. They are followed by North America (USA, Canada) and APAC (Japan, Saudi Arabia). Although Europe currently drivesthemarket consumption with its increasingly stringent need for reducing environmental impact, future growth will come from APAC with their booming economies and growing requirement for automobiles and aircrafts.


Apart from body parts of automotive, customized properties and shapes are finding increasing consumption in automobiles to reduce part counts. LFTs being recyclable, cater to the end of life requirements for products. Emerging application with research on utilization of LFT in non-automobile industriespromises future growth opportunity. Natural fibers from plants used with bio-based matrix is an upcomingarea in Long Fiber Thermoplastics.

Key Players

Some of the major players in the market include Celanese, Daicel, Dieffenbacher,Lanxess, PolyOne,Plasticomp,Quadrant, SABIC,Solvay, and Sumimoto.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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