The Global Long Fiber Reinforced Thermoplastic (LFRT) Material Market was valued at USD 1.03 Billion in 2023 and is projected to reach USD 1.32 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 2.8% during the forecast period (2024-2032). This growth is driven by increasing demand for lightweight materials in automotive applications, expanding aerospace applications, and the accelerating adoption of high-performance engineering plastics across industrial sectors.
As industries worldwide prioritize weight reduction and material performance, the spotlight is on advanced thermoplastic composites that combine strength with moldability. In this report, we profile the Top 10 Companies in the Long Fiber Reinforced Thermoplastic Material Industry – innovators shaping the future of structural polymer composites.
🔟 1. LOTTE CHEMICAL
Headquarters: Seoul, South Korea
Key Offering: LFT pellets (PP, PA), custom compound solutions
LOTTE CHEMICAL is a leading global producer of LFRT materials, specializing in polypropylene (PP) and polyamide (PA) based compounds. Their LUPOY® and LUSTRAN® series are widely used in automotive under-the-hood applications and structural components.
Innovation Highlights:
- 40% glass fiber-reinforced compounds for high-stress applications
- Advanced flame-retardant formulations
- Automotive lightweighting partnerships with major OEMs
Download FREE Sample Report: Long Fiber Reinforced Thermoplastic Material Market – View in Detailed Research Report
9️⃣ 2. SABIC
Headquarters: Riyadh, Saudi Arabia
Key Offering: STAMAX™ LFRT compounds
SABIC’s STAMAX™ long glass fiber reinforced polypropylene compounds deliver exceptional stiffness/impact balance for large automotive parts. The company operates dedicated compounding facilities across North America, Europe, and Asia.
Innovation Highlights:
- Low-density formulations for electric vehicle battery components
- 30% weight reduction solutions versus metal components
8️⃣ 3. JNC Corporation
Headquarters: Tokyo, Japan
Key Offering: POLYPLASTICS LFT pellets
JNC Corporation (through its POLYPLASTICS subsidiary) is a key innovator in engineering-grade LFRT materials, particularly for precision components requiring thermal and chemical resistance.
Innovation Highlights:
- High-flow PPS compounds for thin-wall molding
- Conductive grades for EMI shielding applications
7️⃣ 4. RTP Company
Headquarters: Winona, Minnesota, USA
Key Offering: Custom LFRT compounds
RTP Company specializes in engineered thermoplastic compounds with over 30 years of experience in long fiber technologies. Their materials serve demanding applications from aerospace to medical devices.
Innovation Highlights:
- FDA-compliant formulations for food contact
- Continuous fiber-reinforced tape products
Download FREE Sample Report: Long Fiber Reinforced Thermoplastic Material Market – View in Detailed Research Report
6️⃣ 5. Daicel Polymer Limited
Innovation Highlights: Headquarters: Guangzhou, China KINGFA has emerged as China’s leading manufacturer of engineering plastics, offering competitively priced LFRT solutions primarily for domestic automotive and appliance markets. Innovation Highlights: Headquarters: Winona, Minnesota, USA PlastiComp specializes in advanced long fiber reinforced thermoplastics, with innovative compounding technologies that maximize fiber length retention during processing. Innovation Highlights: Headquarters: Irving, Texas, USA Celanese is a global leader in engineered materials, with its Celstran® LFRT products finding applications in automotive, industrial, and consumer markets requiring high strength-to-weight ratios. Innovation Highlights: Read Full Report: Long Fiber Reinforced Thermoplastic Material Market – View in Detailed Research Report The long fiber reinforced thermoplastic market is experiencing significant transformation as material science advances meet manufacturing innovation. While automotive remains the dominant application, new opportunities are emerging across aerospace, electronics, and renewable energy sectors. Read Full Report:
3️⃣ 8. KINGFA
Key Offering: Cost-optimized LFRT compounds
2️⃣ 9. PlastiComp
Key Offering: Complēt® LFT and D-LFT compounds
1️⃣ 10. Celanese
Key Offering: Celstran® LFRT compounds
🌍 Outlook: The Future of LFRT Materials
📈 Key Trends Shaping the Market:
