Lucintel report assesses short-fiber thermoplastics market
Six short-fiber thermoplastics suppliers are analyzed, with SABIC and DuPont identified as market leaders.
A new report from Lucintel (Dallas, Texas) says that demand for short-fiber thermoplastic (SFT) composites has steadily increased, surpassing $4.3 billion in 2008. From automotive components to consumer goods to electrical applications, SFT is gaining acceptance as an alternative material to metals and plastics.
In “Worldwide SFT Competitive Analysis and Leadership Study, 2008,” Lucintel analysts examine and profile six of the world's leading SFT producers – a full competitive analysis from target markets to product mapping, to selling strategy, to production capabilities. Lucintel says closely researched and rated each SFT producer on two primary criteria: Alignment with market opportunity and ability to gain market share
Collected from a series of primary vendor interviews and secondary sources, this report content includes complete profiles of the following SFT-producing companies: BASF, DSM, DuPont, Lanxess, Rhodia, SABIC Innovative Plastics
According to Lucintel, companies closely aligned with the automotive and electrical/electronics markets will gain more market share in the future. Since the major SFT growth is forecast to come from the automotive and electrical/electronics market segments, DuPont, the leader in the automotive market, and SABIC IP, the leader in the electrical/electronics market, are expected to continue the current trend and maintain their industry leadership positions. On the other hand, Rhodia, BASF and Lanxess have the ability to gain market share in the next five years due to their strong alignment with all three of the major SFT market segments. SABIC IP is likely to challenge DuPont’s leadership position largely because of its technology and cost advantages, according to this new research.