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Lucintel: Opportunities for the long fiber thermoplastics market to reach $0.8 billion by 2026


Lucintel: Opportunities for the long fiber thermoplastics market to reach $0.8 billion by 2026
DALLAS, TX / ACCESSWIRE / January 14, 2021 / According to a new market report published by Lucintel, the future of the long fiber thermoplastics (LFT) market looks attractive with opportunities in the automotive, industrial, and consumer goods industries. The LFT 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 $0.8 billion by 2026 with a CAGR of 4% to 6% from 2021 to 2026. The major drivers for this market are increasing demand for lightweight materials in various end use industries as well as its performance and process benefits, such higher strength to weight ratio, recyclability, and remoldablity. ....

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