The development of the automobile industry promotes the development of China’s long fiber reinforced thermoplastic (LFT) industry

The English name of long fiber reinforced thermoplastics is Long Fiber reinforced Thermoplastics, or LFT for short. Compared with ordinary fiber reinforced thermoplastic materials, the fiber length in fiber reinforced thermoplastic materials is less than 1 mm, while in LFT, the fiber length is generally greater than 2 mm, current processing technology can keep its long fibers above 5 mm. Long fiber reinforced thermoplastic material (LFT) has the advantages of good mechanical properties and stable product quality, and is widely used in the field of automobile manufacturing, such as bumper beams, dashboard frames, battery brackets, seat frames, foot pedals and overall Bottom boards, etc., long fiber reinforced thermoplastic materials (LFT) are used. In addition, it is also widely used in home appliances, communications, machinery, sports equipment and other fields.

Long fiber reinforced thermoplastic materials (LFT) originated in Europe. Thanks to the development of the European automobile industry, Europe became an early area for large-scale application of long fiber reinforced thermoplastic materials (LFT), and gradually entered North America, Japan and other countries and regions. In recent years, with the development of China’s economy, especially the automobile industry, the demand for long fiber reinforced thermoplastic materials (LFT) in China has increased. Coupled with the technological advancement of China’s plastics industry and the rich variety of products, China’s long fiber reinforced thermoplastics (LFT) industry is showing a continuous growth trend. According to the released “2022-2026 LFT Industry Venture Capital Situation and Investment and Financing Strategy Guidelines Report“, in 2021, China’s long-term The production capacity of fiber-reinforced thermoplastic materials (LFT) exceeds 150,000 tons. Due to relatively high technical barriers and relatively limited market demand, medium and large material manufacturers represented by Kingfa Technology, Jieshijie and Juner New Materials are the main domestic long fiber reinforced thermoplastic material (LFT) manufacturers.

From a global perspective, China’s long fiber reinforced thermoplastic (LFT) industry and downstream markets have developed relatively late. Compared with developed countries and regions such as Europe and the United States, there is still a large gap in material performance and application level, especially in automobiles. In terms of application, due to the relatively high product price and the existence of a large number of alternative materials, the application and market development are greatly restricted. The world’s leading long fiber reinforced thermoplastic material (LFT) manufacturers represented by Celanese, RTP, and SABIC (SABIC) have strong advantages in supply capacity, channel layout, R&D investment, and material performance.

Analysts At present, China’s automobile industry continues to develop, especially in the process of transforming from traditional cars to electric cars. Accelerate growth and drive the integration of all links in the industrial chain. The upgrading of the automobile industry has provided new opportunities for the growth of China’s long fiber reinforced thermoplastic (LFT) market demand. In addition, since 2021, China’s automobile exports have increased significantly, and China’s automobile industry will further go global, thereby promoting the development of China’s long fiber reinforced thermoplastics (LFT) market.