Long Fiber Thermoplastics Market by 2023 : Business Opportunities, Current Trends, Forecast to 2023by Deepak Kumar Sr. SEO Executive
Long Fiber Thermoplastics (LFT) market is projected to rise at a faster rate during the forecast period (2017-2023) due to the growing demand from end use applications such as automotive, electrical and electronics industry.
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Long fiber thermoplastics are bulk molding materials with high mechanical performance characteristics such as stiffness, strength and toughness which are combined into a single material thereby, forming a substitute to metals. These long fiber thermoplastics are continuous fiber filaments flowing along the length of the pellet, with improved stiffness, strength and impact resistance.
Long glass fiber thermoplastics market is forecasted to increase during the forecast period on account of the intensive demand for glass fibers in automotive, electrical and electronics industry.
The primary restraints to the growth of long fiber thermoplastics market include improved mechanical properties and cost efficiency of thermosets as compared to long fiber thermoplastics.
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The key players in the long fiber thermoplastics market include Celanese Corporation, RTP Company, JNC Corporation, Daicel Polymer Limited, Sumitomo Chemical Company Ltd, PPG Industries, Inc., SABIC, CTC Plastics, LANXESS, Solvay.
Created on Jun 4th 2018 02:59. Viewed 409 times.