Lucintel's latest market report analyzed that short fiber thermoplastic provides attractive opportunities in the transportation, consumer goods, and electrical and electronics end uses. The short fiber thermoplastic market is expected to reach $29.9 billion by 2028 with a CAGR of 5.1%. In this market, glass fiber is the largest segment by reinforcement type, whereas consumer goods is largest by end use. Development of high temperature resistance grades of SFT with pa6 to replace high cost resin systems and increasing use of recycled carbon fiber as CF reinforced compounds provides strategic growth path in this market.
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Based on reinforcement type, the short fiber thermoplastic market is segmented into glass fiber and carbon fiber. The glass fiber segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to because it offers high tensile strength and provides outstanding electrical properties.
Browse in-depth TOC on “Short Fiber Thermoplastic Market”
96 – Tables
138 – Figures
185 – Pages
The Short Fiber Thermoplastic Market is marked by the presence of several big and small players. Some of the prominent players offering short fiber thermoplastic include BASF, DSM, DuPont, SABIC, and Lanxess.
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