IRVING, Texas, Jan. 17, 2014 /PRNewswire-iReach/ -- Long Fiber Reinforced Thermoplastic (LFRT), with its higher performance characteristics than traditional and other thermoset materials, is likely to gain greater acceptance in different applications segments. The LFRT market is shifting from a seller "push" to a buyer "pull" situation. SABIC and Ticona are the market leaders with diversified product portfolio, strong geographical reach, and high strategic initiatives. Over the next five years, suppliers focusing on emerging application segments and emerging markets are likely to capture a larger market share in global LFRT market.
Lucintel, a leading global management consulting and market research firm, has conducted a detailed analysis on this market and presents its findings in "Worldwide LFRT Competitive Analysis and Leadership Study 2013". The report analyses the competitive landscape of the global LFRT market and analyses the prevailing risk factors and growth opportunities. The competitive analysis has been done on the basis of 'alignment with market opportunities' and 'ability to gain market share' of the players.
The LFRT market is largely driven by the automotive industry due to its high performance characteristics, ability to reduce weight, and at a relatively lower cost its ability to mold high level of complex shapes and part integration while maintaining mechanical properties. These are the key benefits offered to molders and OEMs.
Leading LFRT suppliers have started focusing on emerging application segments such as transportation (heavy trucks, buses, and rails) and consumer electronics. In the last five years, suppliers have increased their production capacity in North America and Europe mainly driven by combining effect of increasing penetration level of thermoplastic composites, especially in automotive and the better cost-performance characteristics of LFRTs. The suppliers have also started opening manufacturing plants in high growth markets such as China and Korea which are expected to be the prominent markets for automotive and consumer goods.
Lucintel also highlights the key challenges faced by the LFRT market. The inter-material competition from its nearest competing material, D-LFT (Direct LFT) imposes challenges on LFRT suppliers as D-LFT has the ability to reduce cost and wastage by introducing inline process. Major competitors of the LFRT market are also either expanding or are planning to expand their current operational capacities in anticipation of growth. This may cause an overcapacity in the industry and further intensify rivalry.
Low-cost producers are expected to win most of the volume growth. High growth rate, particularly in the automotive industry is expected to influence the LFRT market and savvy negotiations by buyers with knowledge of the benefits of LFRT. Niche suppliers will seek margins in product differentiation.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at email@example.com. Lucintel offerings include SWOT Analysis, Commercial Due Diligence, Target Screening and Merger & Acquisition Consulting. To learn more, visit www.lucintel.com
Media Contact: Roy Almaguer, Lucintel, +1-972-636-5056, firstname.lastname@example.org
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