LFRT is used for a variety of markets, such as automotive, industrial, consumer, and other. The high performance characteristics of Long Fiber Reinforced Thermoplastics (LFRT), compared to traditional and other competing materials, are likely to boost its demand in different application segments. The LFRT market is shifting from a seller “push” to a buyer “pull” situation.
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SABIC and Ticona are the market leaders with diversified product portfolios, strong geographical reach, and strategic initiatives. Over the years, Leading LFRT suppliers have started focusing on emerging end-use application industries, such as transportation (heavy trucks, buses, and rails), electrical & electronics. In last five years, suppliers have increased their production capacity in the North America and Europe, mainly driven by combining effect of increasing penetration level of thermoplastic composites and better cost-performance characteristics of LFRTs. The suppliers have also started opening manufacturing plants in high growth countries, mainly in China and Korea, which are expected to be the prominent markets for automotive and consumer goods.
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Over the last five years, the LFRT industry was able to counteract the sluggish economic environment and witnessed capacity expansions as well as development of new application areas. The investment in LFRT manufacturing over the period of the last five years clearly indicates its acceptance level and demand in the marketplace. All the major players in the industry have increased their global presence and production capacities. They also have introduced various new grades of materials to cater to the unmet needs of customer industries.
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The companies producing LFRT are exploring market opportunities with starkly different strategies. Lucintel, a leading global management consulting and market research firm, has analyzed the LFRT market and has come up with a comprehensive research report, “Worldwide LFRT Competitive Analysis and Leadership Study 2018.” This report offers a full competitive analysis from target markets to product mapping, from selling strategies to production capabilities. This report has examined and profiled the world’s leading LFRT producers. Lucintel created profiles of each competitor based on the following criteria:
Company overview
- Company Description
- Corporation Statistics
LFRT business overview
- LFRT Overview
- Product Portfolio
- Key Differentiators and Strengths
- Key LFRT Competitors
Products and product positioning
- Product Line Overview
- LFRT Product Map
- Product Positioning in Market Segments
Markets and market positioning
- Market Positioning in the LFRT business
- Revenue Breakdown by Market Segments
- Revenue Breakdown by Region
Production/ Geographic Footprint
Innovation and market leadership
Marketing, sales and organizational capabilities
- Marketing and Sales
- Management Commitment and Track Record
Strategic Initiatives
Financial Strength
The resulting research report represents the most comprehensive strategic and tactical assessment of the LFRT producers and competitive landscape available. In terms of the total revenue generated by leading LFRT producers, SABIC ranks number one, followed by Ticona. RTP, Chisso, and TechoCompound all of which are included in the report.
The detailed analysis of each company offers a critical view into key strategic areas, including:
- LFRT producer target markets
- Key differentiators, strengths, competitors, and other insights
Designed for the composites and non-composites industry professionals, financial services firms, and users of LFRT, Lucintel's “Worldwide LFRT Competitive Analysis and Leadership Study 2018” is the industry’s comprehensive examination of the LFRT producers’ competitive landscape.
Collected from a series of primary vendor interviews and secondary sources, Lucintel also provides its own scorecard for determining which of these companies is better aligned with future market opportunities and which has the ability to gain additional market share. Using its proprietary research methodology, Lucintel has developed a comparative analysis tool, the ‘Lucintel Leadership Quadrant,’ which identifies leaders and challengers in the LFRT market and rates each LFRT producer on two primary criteria as shown below:
1. Alignment with market opportunity
2. Ability to gain market share
Ability to gain market share was analyzed using following parameters:
− Product portfolio
− Financial strength
− Asset position
− Execution skill
− Customer experience
Alignment with market opportunity was analyzed using following parameters:
− Target growth markets
− New product development
− Corporate and functional strategy
− Presence within the industry
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This 100-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/lfrt-competitive-analysis.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
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