A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Fiber
Thermoplastics
Market. The
study, titled “Fiber
Thermoplastics Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Fiber
thermoplastics are composite materials that consist of high
performance fibers such as glass fiber and carbon fiber. These fibers
are further impregnated in a matrix of thermoplastics such as
polycarbonates through melt and compression molding processes. Fiber
thermoplastics possess good electrical conductivity, high strength,
low moisture absorption, and low coefficient of thermal expansion.
They offer high impact strength and chemical stability. Furthermore,
fiber thermoplastics are recyclable, and are regarded as lightweight
materials. They are environmentally acceptable, as solvents are not
used in their production. They also do not emit volatile organic
compounds. Fiber thermoplastics are generally 40% and 20% lighter
than steel and aluminum, respectively. They are widely used in
aerospace & defense, consumer goods, automobile, and electrical &
electronics industries.
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Market Research Report @
Based
on product type, the fiber thermoplastics market has been segmented
into long fiber reinforced thermoplastics (LFRT), short fiber
reinforced thermoplastics (SFRT), continuous fiber thermoplastics
(CFT), and glass mat thermoplastics (GMT). Demand for SFRT is
expected to rise at a significant pace, as it offers better
mechanical properties in terms of strength, elastic stiffness, and
creep and fatigue endurance. Based on fiber type, the market has been
bifurcated into glass fiber and carbon fiber. Currently, the fiber
thermoplastics market is dominated by carbon fiber; however, carbon
fiber is expensive and delicate in handling. Thus, glass fiber is
anticipated to surpass carbon fiber in the next few years. Glass
fiber possesses high strength; flexibility; durability; stability;
light weight; and resistance to heat, temperature, and moisture.
These factors are driving the market for fiber thermoplastics. Based
on resin type, the market has been divided into polypropylene (PP),
polyamide (PA), polybutylene terephthalate (PBT), polyetherimide
(PEI), polyphenylene sulfide (PPS), and polyetheretherketone (PEEK).
Demand for PA, PEI, and PEEK is estimated to increase at a moderate
pace during the forecast period due to the expansion in end-use
industries.
Growth
in end-user industries such as aerospace & defense and
automobiles is projected to boost the demand for fiber thermoplastics
during the forecast period. Increase in usage of carbon fiber and
glass fiber in commercial aircraft such as Airbus A320, Airbus A350
XWB, and the Gulfstream Aerospace G650 due to their characteristics
such as better surface quality, high rigidity, and less product
rejection at extreme temperatures have made fiber thermoplastics more
attractive than metals. Furthermore, rise in demand for light weight
materials to achieve high fuel efficiency in automotive production is
likely to propel the demand for fiber thermoplastics during the
forecast period. Fluctuation in prices of raw materials may hamper
market growth. However, enhancement in product performance through
innovation is expected to provide lucrative opportunities for market
players.
Geographically,
the fiber thermoplastics market has been segmented into North
America, Asia Pacific, Europe, Latin America, and Middle East &
Africa. Currently, North America is the leading region of the fiber
thermoplastics market, followed by Europe and Asia Pacific. The U.S.
and Canada are the key consumers of fiber thermoplastics, led by the
increase in demand for these thermoplastics in automotive and
aerospace industries. Technological advancement and new product
launches are estimated to boost the demand for fiber thermoplastics
in the U.S during the forecast period. Rise in workforce and
development of industrial infrastructure in Asia Pacific has led to
the steady growth of industries such as automotive, electrical &
electronics, aerospace, and consumer goods. Japan, one of the
pioneers in electronics, is another market in Asia that is witnessing
steady growth in fiber thermoplastics. Europe is projected to follow
suit owing to the presence of well-established automotive markets in
Germany and Italy. Furthermore, some of the prominent players in the
aerospace industry operate in Europe. This is projected to augment
the fiber thermoplastics market in the region in the near future.
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the form for an exclusive sample of this report @
Key
players operating in the fiber thermoplastics market include Cytec
Industries, Owens Corning, Toray Industries, Momentive Performance
Materials Inc., SGL Group, AGY Holdings Corporation, and Huntsman
Corporation.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
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