Global Short Fiber Thermoplastic Market (2024 Edition): Market Size, Trends, Opportunities and Forecast by Resin Type (Polypropylene, Polyamide, PEEK, PBT and Other Resin Types), Application, Reinforcement Type, Region, By Country: 2020-2030

Global Short Fiber Thermoplastic Market (2024 Edition): Market Size, Trends, Opportunities and Forecast by Resin Type (Polypropylene, Polyamide, PEEK, PBT and Other Resin Types), Application, Reinforcement Type, Region, By Country: 2020-2030

Background

A report published by Azoth Analytics highlights different factors and opportunities prevailing in the “Global Short Fiber Thermoplastic Market (2024 Edition)”. According to the report, Global Short Fiber Thermoplastic Market is expected to grow at a CAGR of 6% during 2025-2030.

The report explores a multi-faceted opportunity landscape in terms of market segmentation by Resin Type (Polypropylene, Polyamide, PEEK, PBT and Other Resin Types), By Application (Automotive & Transportation, Consumer Goods , Aerospace & Defense and Other Applications) and By Reinforcement Type (Glass Fiber and Carbon Fiber)

Market Overview

The Short Fiber Thermoplastic (SFT) Market is growing rapidly, driven by the increasing demand for lightweight, high-performance materials in industries such as automotive, aerospace, consumer goods, and electronics. Short fiber thermoplastics are composites made by reinforcing thermoplastic polymers with short fibers, typically glass or carbon fibers. These materials offer a unique combination of strength, flexibility, and lightness, making them ideal for applications where reducing weight without compromising performance is essential.

One of the key drivers of the SFT market is the automotive industry’s focus on lightweight materials to improve fuel efficiency and reduce emissions. As automakers strive to meet stringent environmental regulations, the use of short fiber thermoplastics in components such as interior panels, engine covers, and structural parts has increased. These materials help reduce the overall weight of the vehicle, leading to improved fuel economy and lower CO2 emissions, making them a preferred choice for automotive manufacturers.

In addition to automotive applications, short fiber thermoplastics are widely used in the aerospace industry to manufacture lightweight components that can withstand high stress and extreme temperatures. The demand for fuel-efficient aircraft has driven the adoption of SFT in the production of interior and structural parts. The consumer goods and electronics industries are also key markets for SFT, as manufacturers seek materials that offer both durability and design flexibility for products such as smartphones, laptops, and home appliances.

Segment Insights

The automotive & transportation segment holds the largest share of the Short Fiber Thermoplastic Market, accounting for around 45% of the market in 2023. The increasing use of lightweight materials in vehicle production to meet fuel efficiency and emissions standards is a key driver of this segment. The aerospace segment is also experiencing significant growth, driven by the demand for lightweight and durable materials in aircraft manufacturing.

Geographical Insights

The Asia-Pacific region leads the Short Fiber Thermoplastic Market, driven by the region's strong automotive and electronics manufacturing base in countries like China, Japan, and South Korea. The region's focus on innovation and technological advancements in materials science has contributed to its leadership in the market. The Americas and Europe are also significant markets, with growing demand for lightweight materials in the automotive and aerospace industries.

Market Segmentation

By Resin Type:

• Polypropylene
• Polyamide
• PEEK
• PBT
• Other Resin Types

By Application:

• Automotive & Transportation
• Consumer Goods
• Aerospace & Defense
• Other Applications

By Reinforcement Type:

• Glass Fiber
• Carbon Fiber

By Geography

• Americas (The United States, Canada, Brazil, Mexico, Rest of Americas)
• Europe (United Kingdom, Germany, France, Italy, Spain, Turkey, Russia, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Singapore, Indonesia, Rest of Asia Pacific)
• Middle East and Africa (GCC, Israel, South Africa, Rest of Middle East and Africa)

Key Companies

The report assesses the competitive developments, strategies, mergers and acquisitions and new product development and market share portfolio of top 15 companies. Key companies in the Global Short Fiber Thermoplastic Market include:

• Avient
• DuPont
• DSM
• Victrex plc.
• SABIC
• BASF SE
• Solvay
• SGL Carbon
• Lanxess
• Celanese Corporation
• Other Leading Companies

Reasons to buy this report:

• In-Depth Comparative Assessment of Top 20 Markets in the Short Fiber Thermoplastic Market Application: Comparative assessment of 20 leading countries highlighting the total addressable market, opportunities, lucrative segments and competitive positioning of leading companies.
• Comprehensive Historical, Present, and Future Analytics of the Short Fiber Thermoplastic Market: A deep dive in the historical (2020-2023), current (2024) and forecast (2025-2030) market analytics of Short Fiber Thermoplastic Market.
• Detailed Analysis of Short Fiber Thermoplastic Market By Resin Type, Application, and Reinforcement Type Across 20 Countries
• Beyond the Purchase: 90 Days of Support
• Direct Access to Analysts: Have questions after reading the report? Our expert analysts are just a call or email away.
• Customized Assistance: Whether you're integrating insights into your strategy or have questions about market dynamics, our team provides tailored support to meet your specific business needs.
• Data Customization Requests: During the support period, you have the flexibility to request additional data cuts or deeper dives into specific areas of interest.
• Gain insights specific to new entrants or new market areas to tap: The study provides detailed market entry strategies, including analysis of barriers to entry, pricing strategies, opportunities, trends, drivers, and challenges and product positioning using the Opportunity Portfolio Matrix (OPM)
• Strategic Application Movements: Tracking Competitive Developments and Key Players in the Market: The report covers competitive strategies, mergers & acquisitions, new developments, future plans and market share analysis of ~15 top companies.

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