The global demand for Short Fiber Thermoplastics Market is presumed to reach the market size of nearly USD 18.75 MN by 2028 from USD 12.22 MN in 2021 with a CAGR of 6.3% under the study period 2022 - 2028.
Thermoplastics with short fibre reinforcements were initially commercialized in the 1960s. Glass fibre and carbon fibre are the most often utilized fibres in short fibre thermoplastics. The addition of short fibres to thermoplastic resins increases the performance of composites for lightweight applications. Furthermore, short fibre thermoplastic composites are simpler and less expensive to manufacture than continuous fibre reinforced composites. The mechanical characteristics of short fibre thermoplastics are heavily influenced by the fibre length distribution (FLD) and fibre orientation distribution (FOD).
Market Dynamics
The increasing need for lightweight materials in various application industries where complicated parts are designed is one of the substantial factors promoting the market's growth. In addition, recyclability, ease of processing, and improved capacity of producing parts with complicated geometry are other significant drivers propelling the market forward. Additionally, growing demand from the aerospace and military industries is another critical driving element in the market examined. However, the high cost of short fibre thermoplastic composites is impeding market expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of short fiber thermoplastics. The growth and trends of short fiber thermoplastics industry provide a holistic approach to this study.
Market Segmentation
This section of the short fiber thermoplastics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Resin Type
- Polypropylene
- Polyamide
- Pbt
- Peek
- Others (Pet And Others)
By Reinforcement Type
By End-Use
- Transportation
- Aerospace & Defense
- Consumer Goods
- Electrical & Electronics
- Others (Construction And Machinery Industry)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Short Fiber Thermoplastics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Short Fiber Thermoplastics Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the short fiber thermoplastics market include BASF SE, Solvay, DuPont, SABIC, DSM, Lanxess, Avient, Celanese Corporation, SGL Carbon, Victrex plc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.