Top 13 Long Fiber Thermoplastics Companies, Worldwide 2024: MarketsandMarkets 360 Quadrant Revealed
MarketsandMarkets has released 360 Quadrant for Top 13 Long Fiber Thermoplastics Companies, Worldwide 2024 to help businesses make quicker and more informed decisions. Companies' market presence and product footprint are used to build quadrants, which will be revised annually. The long fiber thermoplastics (LFT) market is poised for substantial growth in the coming years, projected to increase from USD 3.5 billion in 2022 to USD 6.1 billion by 2027, with a robust CAGR of 9.3%. This expansion is fueled by a growing demand for advanced materials with superior properties like high strength-to-weight ratios, strong tensile strength, and electrical conductivity. The automotive industry is increasingly utilizing LFT for lightweight components such as bumpers and instrument panels, while the electrical & electronics sector is adopting it for applications like enclosures and brackets. With rising demand in these key end-use segments, the LFT market is anticipated to experience strong...