Global long fiber thermoplastics market to grow at over 5% till end of decade

29-Sep-15

The global Long Fiber Thermoplastics (LFT) Market is expected to grow at a CAGR of 5.4% during 2015-2020, as per Research and Markets. The major driver of the LFT market is an increasing demand for lightweight and high-performance products. The LFT demand appear to be robust due to the increasing penetration of composites and growth of end user industries. Automotive, which is the largest market of LFT, is likely to depict a good growth over the forecast period. Rising environmental concerns and increasing government mandates to achieve higher fuel economy will also help the LFT market to grow in the near future.