Feb 18 2009
Short fiber reinforced thermoplastic (SFT) composites are becoming the material of choice for replacing traditional materials such as steel, aluminum and engineering plastics. Compared to traditional materials, SFTs have higher strength-to-weight ratios, chemical and heat impact resistance, offer greater design flexibility. The future of the SFT market looks great to the year 2013 and beyond.
In terms of volume shipment during the next five years (2008–2013), the global SFT market is expected to grow at an estimated 4.1% (CAGR). According to Lucintel’s new report “Global Short Fiber Reinforced Thermoplastic Composites 2008–2013: Trend, Forecast, and Opportunity Analysis”, global SFT materials market to reach $5.4 billion in 2013. SFT consumption in automotive applications such as air intake manifolds, engine covers and connectors are forecast to grow at more than 3% CAGR during the next 5 years.
Producers focusing on innovations and cost leadership will win most of the volume growth. This is inevitable with production overcapacity, high growth rates, automotive volume influence and savvy negotiations by buyers with knowledge of the benefits of SFT. SFT suppliers are opening up manufacturing plants in high growth markets in high growth region such as China and India.
This unique 150 page report from Lucintel provides all the valuable information and tools that you may need in operating your business successfully in the SFT market. In today’s global economy, you need every advantage that you can find to keep you ahead in your business. Learn about current trends, identify key players, and explore the directions that the SFT market is heading for.