The Short Fiber Thermoplastics Market is Expected to Reach $16 4 Billion by 2026 tennesseedaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tennesseedaily.com Daily Mail and Mail on Sunday newspapers.
Lucintel: The Short Fiber Thermoplastics Market is Expected to Reach $16.4 Billion by 2026
DALLAS, TX / ACCESSWIRE / January 14, 2021 / According to a new market report published by Lucintel, the future of the global short fiber reinforced thermoplastics market looks promising with opportunities in transportation, consumer goods, and electrical/electronics industries. The global short fiber thermoplastics market is declined in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $16.4 billion by 2026 with a CAGR of 3% to 5% from 2021 to 2026. The major drivers for this market are growing demand for lightweight materials as well as recyclability, ease of processing, and better capability of making parts with complex geometry.