According to the recent study the short fiber thermoplastic market is projected to reach an estimated $24.0 billion by 2030 from $17.6 billion in 2023, at a CAGR of 5.0% from 2023 to 2030. Growth in this market is primarily driven by increasing demand for light weight materials in different application markets where complex parts are designed.
Browse 138 figures / charts and 96 tables in this 185 -page report to understand trends, opportunities and forecast in short fiber thermoplastic market by end use (transportation, consumer goods, electrical and electronics, and others), reinforcement type (glass fiber and carbon fiber), resin type (polypropylene, polyamide, polybutylene terephthalate and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that transportation will remain the largest end use over the forecast period due to increasing demand for short fiber thermoplastics based plastic products in automotive industry. Consumer goods is expected to witness the highest growth over the forecast period.
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Glass fiber will remain the largest segment by value and volume over the forecast period because it offers high tensile strength and provides outstanding electrical properties. Carbon fiber is expected to witness highest growth rate over the forecast period.
APAC is expected to remain the largest region by value and volume and it is also expected to witness highest gorwth over the forecast period due to growth in end usees.
BASF, DSM, DuPont, SABIC, and Lanxess are among the major short fiber thermoplastic providers.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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