The Global Long Fiber Reinforced Thermoplastic (LFRT) Material Market was valued at USD 1,032 million in 2023 and is projected to reach USD 1,323.18 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 2.80% during the forecast period (2025-2032). This growth is driven by increasing demand for lightweight materials in automotive, aerospace, and industrial applications, coupled with advancements in thermoplastic composite technologies.
As industries worldwide shift toward sustainable, high-performance materials, LFRTs are becoming essential for weight reduction and structural efficiency. In this sector overview, we analyze the Top 10 Companies in the Long Fiber Reinforced Thermoplastic Material Industry—key players shaping innovation across LFT-G (glass mat thermoplastic) and LFT-D (direct long fiber thermoplastic) technologies.
🔟 1. LOTTE CHEMICAL
Headquarters: Seoul, South Korea
Key Offering: LUSTRAN® LFT composites
LOTTE CHEMICAL is a leader in LFT composite materials, specializing in polypropylene and nylon-based LFRT solutions. Their materials are widely used in automotive under-the-hood components and structural parts requiring high impact resistance.
Innovation Focus:
- Development of high-flow LFT materials for complex geometries
- Strategic partnerships with Asian automakers
- Expansion of bio-based LFRT solutions
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