Pacific Long Glass Fiber Thermoplastic Market

The Asia Pacific Long Glass Fiber Thermoplastic market size was valued at US$ 724.6 million in 2024 and is projected to reach US$ 1.02 billion by 2030, at a CAGR of 5.9% during the forecast period 2024-2030.

Long glass fiber thermoplastics are composite materials consisting of thermoplastic resins reinforced with long glass fibers, offering high strength, stiffness, and impact resistance for automotive, aerospace, and industrial applications.

The Asia Pacific long glass fiber thermoplastic market is growing rapidly, driven by demand for lightweight and high-performance materials in the automotive and aerospace industries. China leads with a 35% market share, followed by Japan at 30% and South Korea at 20%. In 2023, the automotive sector consumed 55% of the total production, with consumer goods at 20% and industrial applications at 15%. The market experienced a 14% growth in demand from the electric vehicle segment for battery enclosures and structural components. Key players include SABIC (Saudi Arabia) and Lanxess AG (Germany), holding a combined 45% market share in the region. The industry is investing in advanced processing technologies, with a 12% increase in R&D spending on in-line compounding methods in 2023. Challenges include high raw material costs, leading to a 7% increase in product prices. The trend towards circular economy has driven a 10% growth in recycled long glass fiber thermoplastic grades. The market is benefiting from the shift towards metal replacement in various industries, with a 16% increase in adoption for structural applications previously dominated by metals.

Report Includes

Pacific Long Glass Fiber Thermoplastic Market is an essential reference for who looks for detailed information on Asia Pacific Long Glass Fiber Thermoplastic . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Long Glass Fiber Thermoplastic , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

Pacific Long Glass Fiber Thermoplastic Market aims to provide a comprehensive presentation of the Asia Pacific Long Glass Fiber Thermoplastic , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Long Glass Fiber Thermoplastic . Pacific Long Glass Fiber Thermoplastic Market contains market size and forecasts of Long Glass Fiber Thermoplastic in Asia Pacific, including the following market information:

We surveyed the Long Glass Fiber Thermoplastic manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

•    China

•    India

•    Japan

•    South Korea

•    Australia

•    Thailand

•    Indonesia

by Products type:

•    Polypropylene (PP)

•    Polyamide (PA)

•    Polybutylene Terephthalate (PBT)

•    Others

by Application:

•    Automotive

•    Consumer Goods

•    Sporting Goods

•    Industrial Goods

•    Others

key players include: (At least 8-10 companies included)

•    SABIC

•    BASF SE

•    Celanese Corporation

•    Solvay

•    Lanxess

•    PolyOne Corporation

•    DSM

•    RTP Company

•    Sumitomo Chemical

•    Toray Industries

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

•    Key companies Long Glass Fiber Thermoplastic revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)

•    Key companies Long Glass Fiber Thermoplastic revenues share in Asia Pacific market, 2023 (%)

•    Key companies Long Glass Fiber Thermoplastic sales in Asia Pacific market, 2019-2024 (Estimated),

•    Key companies Long Glass Fiber Thermoplastic sales share in Asia Pacific market, 2023 (%)

Key Points of this Report:

•    The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis

•    The report covers Asia Pacific and country-wise market of Long Glass Fiber Thermoplastic

•    It describes present situation, historical background and future forecast

•    Comprehensive data showing Long Glass Fiber Thermoplastic capacities, production, consumption, trade statistics, and prices in the recent years are provided

•    The report indicates a wealth of information on Long Glass Fiber Thermoplastic manufacturers

•    Long Glass Fiber Thermoplastic forecast for next five years, including market volumes and prices is also provided

•    Raw Material Supply and Downstream Consumer Information is also included

•    Any other user's requirements which is feasible for us

Reasons to Purchase this Report:

•    Analyzing the outlook of the market with the recent trends and SWOT analysis

•    Market dynamics scenario, along with growth opportunities of the market in the years to come

•    Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

•    Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

•    Market value (USD Million) and volume (Units Million) data for each segment and sub-segment

•    Distribution Channel sales Analysis by Value

•    Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

•    Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

•    1-year analyst support, along with the data support in excel format.