360quadrants

Long Fiber Thermoplastics (LFT), an innovative material reshaping various industries, have emerged as frontrunners in advanced composite materials. The LFT market is witnessing remarkable growth, fueled by several pivotal factors. Firstly, its exceptional mechanical properties, combining high strength, stiffness, and lightweight attributes, are propelling its adoption across automotive, aerospace, and consumer goods sectors. Secondly, the escalating demand for lightweight materials, aimed at enhancing fuel efficiency and curbing carbon emissions in vehicles, is driving the surge in the LFT market. Moreover, the escalating emphasis on sustainable manufacturing practices and recyclability is further enhancing its appeal. With ongoing research and development efforts dedicated to enhancing performance and expanding applications, the LFT market is positioned for sustained expansion in the future. The 360 Quadrant maps the  Long Fiber Thermoplastics companies  based on criteria suc...

  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...