장섬유 열가소성 플라스틱(LFT) 시장은 2022년부터 2029년까지 8.6% CAGR로 성장할 것으로 예상됩니다 . 2020년 30억 2천만 달러에서 2029년까지 61억 7천만 달러 이상으로 성장할 것으로 예상됩니다 .
장섬유 열가소성 플라스틱 산업은 사출 성형에 사용되는 열가소성 플라스틱에 대한 최고 수준의 구조적 성능을 나타냅니다. 이 제품은 높은 수준의 강성, 강도 및 인성과 같은 품질을 하나의 소재로 모두 갖추고 있습니다. 폴리에테르 에테르 케톤 강화재를 녹이는 다른 방법보다 성능이 뛰어납니다. 장 섬유 복합재는 금속, 플라스틱 수지 또는 엔지니어링 폴리머 대체재로 자주 선택되며 성능이 떨어지는 금속을 대체하기도 합니다. 장섬유 열가소성 플라스틱은 전기 및 전자, 항공우주, 자동차, 건물 및 건설, 스포츠 용품 등 다양한 최종 사용자 산업에서 점점 더 수요가 증가하고 있습니다. 주로 자동차 부문의 주요 기술 발전으로 인해 장섬유 열가소성 플라스틱은 열가소성 매트릭스 복합재에서 더 흔해졌습니다. 또한 장섬유 열가소성 플라스틱이 앞서 언급한 사업에서 기존 소재를 대체할 것으로 예상되며 예상 기간 동안 사용이 증가할 것으로 예상됩니다. 장섬유 열가소성 플라스틱 부문에 대한 시장 수요는 이러한 모든 원인에 의해 부분적으로 촉진됩니다.
| 기인하다 | 세부 |
| 학습 기간 | 2020-2029 |
| 기준년도 | 2021 |
| 추정 연도 | 2022 |
| 예상 연도 | 2022-2029 |
| 역사적 기간 | 2018-2020 |
| 단위 | 가치(10억 달러), (킬로톤) |
| 분할 | 수지 유형별, 섬유 유형별, 제조 공정별, 최종 사용자별, 지역별 |
| 수지 종류별 | |
| 섬유 종류별 |
|
| 제조 공정에 따라 |
|
| 최종 사용자에 의해 |
|
| 지역별로 |
|
Innovative structural elements and polymer resins that are reinforced with short or long fibers of organic and inorganic composites are referred to as long-fiber thermoplastics (LFTs). They are lighter and more durable than other metals and low-performance plastics, and they have better toughness, ideal dimensional stability, and stronger mechanical strength to increase product shelf life. In addition, LFTs have stiffness, environmental friendliness, cost effectiveness, fatigue resistance, corrosion and chemical resistance, and thermal conductivity. Due to these qualities, LFTs are widely employed in the preparation of pellets for injection molding and pultrusion across numerous industries. They can currently be purchased as short fiber, continuous fiber, glass mat, and long fiber reinforced thermoplastics on the market.
Long-fiber thermoplastics are expected to be in higher demand in the automotive sector, which would likely drive the market. Moreover, long fiber thermoplastics offer a number of advantages over conventional thermoplastics and metal in the end-use sectors, including high strength, durability, toughness, fatigue endurance, and lightweight. The demand for various types of long fiber thermoplastics is anticipated to increase in the next years due to growing awareness of various fiber-reinforced thermoplastic resin properties such as lightweight, durability, flexibility, toughness, and thermal resistance.
Long fiber thermoplastics market growth is anticipated to be fueled by factors such as rising construction and automotive activity, the growth of the engineering industry, and rising transportation spending. Long fiber thermoplastics have greater strength and are lightweight, both of which contribute to increased fuel efficiency. The demand for lightweight manufacturing materials has increased recently due to the boom in the vehicle industry. This has significantly aided in the expansion of the long fiber thermoplastics market globally. As a result, the market for long fiber thermoplastics is anticipated to experience substantial growth over the course of the forecast period due to the quickly rising demand from the automotive sector globally. Global vehicle production was valued at USD 691 billion, according to the International Organization of Motor Vehicle Manufacturers. As a result, the market for long fiber thermoplastics is growing due to all of these considerations.
In the aerospace industry, light weighting, or mass reduction, is a key focus since it enables improved fuel efficiency and lowers related emissions. Long fiber composites are a greener choice than heavier materials in this situation. In addition to lowering weight, using less of a higher-performing material can also minimize overall material costs, particularly when fiber reinforcement is employed to improve the structural qualities of a lower-cost polymer or as a price diluent in more expensive engineering resins. As a result, the market for long fiber thermoplastics is growing due to all of these considerations.
Composites in particular exhibit a tendency to fracture rather than deform when subjected to high stresses. Creep, which occurs when thermoplastic materials relax or weaken when they are exposed to long-term loading, prevents the market for long fiber thermoplastics from expanding. When exposed for extended periods of time to direct sunshine or ultraviolet light, some types of low-quality thermoplastics melt and some thermoplastics deteriorate. A shortage in the market could result from poor nations' lack of knowledge about the advantages of long fiber thermoplastics. Nonetheless, scientists are attempting to improve the thermal and mechanical characteristics of long fiber thermoplastics. These innovations will improve the performance of long fiber thermoplastics, enabling the market for these materials to grow.
The extensive usage of and demand for bio-based long-fiber thermoplastic is a result of the government's initiatives encouraging the use of biodegradable plastics and putting a focus on a sustainable future. A new bio-based polyamide 11 powders (Rilsan polyamide 11 powders) plant will be built, according to an announcement made by Arkema in November 2021. The major challenges for manufacturers include an underdeveloped production base compared to thermoset composites, high capital costs, and poor material expertise at the end user level because of a lack of material data bases. That indicates that the market for CFTs has significant potential and is thirsty for innovation. Materials providers must concentrate on growth potential through new and enhanced applications, process development expertise, and a customer-focused and innovation-driven growth strategy in order to obtain competitive advantage in this market.
장섬유 열가소성 플라스틱 시장은 COVID-19 전염병으로 인해 심각한 피해를 입었습니다. COVID-19 발병과 관련된 불리한 조건과 더 큰 비용 및 기타 제약으로 인해 시장 확장이 제한되고 있습니다. 장섬유 열가소성 플라스틱은 내열성, 저온 성능 및 크립 저항성을 포함한 특성이 특징입니다. 장섬유 열가소성 플라스틱은 자동차 분야에서 휠 커버, 래치 브래킷, 선루프 부품, 시트 핸들, 시트 백 및 공기 흡입구 구성 요소와 같은 응용 분야에 사용됩니다. Knoema Global의 데이터에 따르면 여행 금지 및 COVID-19 전염병으로 인한 경제 활동의 전반적인 침체로 인해 2020년 자동차 생산이 크게 감소하여 전년 대비 15.4%로 떨어졌습니다. 승용차 생산은 각각 16.9% 및 11.6%로 상용차 생산의 두 배 이상 감소했습니다. 전 세계 자동차 생산량은 3년 연속 마이너스로 성장했습니다. 결과적으로 자동차 부문의 수요 감소는 장섬유 열가소성 플라스틱의 시장 점유율 확대를 방해하고 있는 것으로 생각됩니다.
The long fiber thermoplastic (LFT) market is expected to grow at 8.6% CAGR from 2022 to 2029. It is expected to reach above USD 6.17 Billion by 2029 from USD 3.02 Billion in 2020.
Asia Pacific held more than 33% of the long fiber thermoplastic (LFT) market revenue share in 2021 and will witness expansion in the forecast period.
Long fiber thermoplastics market growth is anticipated to be fueled by factors such as rising construction and automotive activity, the growth of the engineering industry, and rising transportation spending. Long fiber thermoplastics have greater strength and are lightweight, both of which contribute to increased fuel efficiency. The demand for lightweight manufacturing materials has increased recently due to the boom in the vehicle industry. This has significantly aided in the expansion of the long fiber thermoplastics market globally. As a result, the market for long fiber thermoplastics is anticipated to experience substantial growth over the course of the forecast period due to the quickly rising demand from the automotive sector globally. Global vehicle production was valued at USD 691 billion, according to the International Organization of Motor Vehicle Manufacturers. As a result, the market for long fiber thermoplastics is growing due to all of these considerations.
The long fiber thermoplastic (LFT) market key players includes SABIC, RTP Company, Lanxess, JNC Corporation, Borealis AG, TechnoCompound, Sambark LFT Inc., Xiamen long fiber thermoplastics composite plastic Co., Ltd, Avient, Celanese Corporation.
The industry for long fiber thermoplastics represents the highest level of structural performance for thermoplastics used in injection molding. They possess qualities like high levels of stiffness, strength, and toughness all in one material. They perform better than any other way of melting polyether ether ketone reinforcement. Long fiber composites are frequently chosen as metal, plastic resin, or engineering polymer alternatives, as well as replacements for underperforming metals. Long-fiber thermoplastics are becoming more and more in demand from a variety of end-user industries, including electrical and electronics, aerospace, automotive, buildings and construction, sporting goods, and others. Due mostly to major technological advancements in the automotive sector, long-fiber thermoplastics have become more common in thermoplastic matrix composites. Additionally, it is anticipated that long-fiber thermoplastics would displace conventional materials in the aforementioned business, and that their use will increase over the course of the projected period. The market demand for the long-fiber thermoplastics sector is fueled in part by all of these causes.
With a market share of over 33% in 2021, Asia Pacific (APAC), followed by North America and Europe, dominated the long-fiber thermoplastics market. According to projections, in terms of volume and value, the Asia Pacific (APAC) region would have the largest and fastest-growing market. The indoor module, wheel cover, latch bracket, sunroof components, seat handle, seat back, and air inlet components are just a few of the items whose use is increasing quickly and are responsible for this growth. India and China, two Asian nations, make up more than half of the region's market. The expansion of the automotive sector is responsible for the rise in demand for long-fiber thermoplastics. One of the region's biggest producers and consumers of long-fiber thermoplastics is China. Due to the country's expanding population, rapid urbanisation, and replacement of numerous metals with suitable long-fiber thermoplastics in a variety of applications, China's use of long-fiber thermoplastics has dramatically expanded in recent years. Long fibre thermoplastics will be more in demand as a result of the robust and healthy growth in the equipment industry as well as rising need for electrical sockets, switches, faceplates, and metering devices.
The long fiber thermoplastic (LFT) market is segmented based on resin type, fiber type, manufacturing process, end user and region.
By resin type, the market is bifurcated into (Polypropylene, Polyamide, Polyether ether ketone, Polyphthalamide). By fiber type into (Carbon, Glass). By manufacturing process into (Injection molding, Pultrusion, D-LFT). By end user into (Automotive, Electronics and electricals) and region.
The sector made up of polypropylene had the highest revenue share of 58.0% in 2021 and is anticipated to continue to lead during the projected period. The automobile, textile, packaging, and construction industries all use polypropylene-based thermoplastics extensively. In comparison to polyamide and polyether ether ketone, long-fiber thermoplastics based on polypropylene are far more affordable. As a result, the automobile and construction industries are seeing an increase in their penetration. Throughout the projection period, the CAGR for the polyamide segment is anticipated to be 10.1%. Automobile makers should consider polyamide-based LFTs since they have qualities like longevity, extreme toughness, and extreme strength. Compared to polyether ether ketone, polyamide-based LFTs are less expensive.
With a 50.3% revenue share in 2021, the glass fiber category led the market and is anticipated to continue to dominate during the forecast period. Because they are commonly available and affordable, glass fibers are frequently used to make long fiber thermoplastics. All thermoplastic polymers have their mechanical characteristics improved by long glass fibers. The cost of glass fibers is almost ten times less than that of carbon fibers. The most popular composite material in Europe is glass-reinforced polymers, according to a 2020 report by the U.S. Commercial Service. Over the projected period of 2022–2030, the carbon fiber segment is anticipated to experience a CAGR of 10.5%. Long carbon-reinforced thermoplastic composites are more convenient for recycling and easier to process.
With a 45.0% revenue share in 2021, the injection molding segment led the market and is anticipated to continue to do so throughout the forecast period. The injection molding method has various advantages over other methods, including great efficiency, compatibility with a variety of materials, use in large quantities to scale up manufacturing, and excellent repeatability and reliability. Throughout the projected period of 2022– 2030, the D–LFT segment is anticipated to have the quickest CAGR of 10.2%. Direct roving, also known as single-end roving or D-LFT, is a particularly successful and economical procedure because it does not need the production of semi-finished goods by the material source. Long-fiber thermoplastics based on polypropylene and polyamide are produced in large quantities using this technique.
In terms of revenue, the automotive segment held the biggest market share of 37.3% in 2021 and is anticipated to keep that position throughout the industry's anticipated growth. This is explained by the growing use of fiber-reinforced thermoplastic composites in the automobile sector. Long fiber thermoplastics have a number of desirable traits, including stiffness, high strength, light weight, toughness, and durability. LFTs are utilized in a variety of automotive components, including bumper moldings, door modules, instrument panel carriers, seat pans, bumper beams, and front-end modules.
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The long fiber thermoplastic (LFT) market key players includes SABIC, RTP Company, Lanxess, JNC Corporation, Borealis AG, TechnoCompound, Sambark LFT Inc., Xiamen long fiber thermoplastics composite plastic Co., Ltd, Avient, Celanese Corporation.
Industry Development
21 December 2022: SABIC, a global leader in the diversified chemical industry, has introduced a new high-density polyethylene (HDPE) with mechanically recycled content as part of TRUCIRCLE™, the company’s commitment to help accelerate a circular economy for plastics. The material was custom-developed for blow molding of motor oil and lubricant bottles. It has a content in the range of 30% mechanically recycled post-consumer plastic. 13 December 2022: SABIC, a global leader in the chemical industry, and Cabka – the market leader in sustainable and reusable transport packaging, have collaborated to launch the CabCube 4840 – the next generation in foldable large containers.The long fiber thermoplastic (LFT) market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
With a market share of over 33% in 2021, Asia Pacific (APAC), followed by North America and Europe, dominated the long-fiber thermoplastics market. According to projections, in terms of volume and value, the Asia Pacific (APAC) region would have the largest and fastest-growing market. The indoor module, wheel cover, latch bracket, sunroof components, seat handle, seat back, and air inlet components are just a few of the items whose use is increasing quickly and are responsible for this growth. India and China, two Asian nations, make up more than half of the region's market. The expansion of the automotive sector is responsible for the rise in demand for long-fiber thermoplastics. One of the region's biggest producers and consumers of long-fiber thermoplastics is China. Due to the country's expanding population, rapid urbanisation, and replacement of numerous metals with suitable long-fiber thermoplastics in a variety of applications, China's use of long-fiber thermoplastics has dramatically expanded in recent years. Long fibre thermoplastics will be more in demand as a result of the robust and healthy growth in the equipment industry as well as rising need for electrical sockets, switches, faceplates, and metering devices.
Throughout the projection period, North America is anticipated to grow at a CAGR of 8.5%. In the automobile, aerospace, and electrical & electronics industries, long fibre thermoplastics are widely used. One of the major drivers of the expansion of long-fiber thermoplastics in the area is the significant presence of these businesses there.
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