The Global Long Fibre Thermoplastics (LFT) Market was valued at USD 1068.09 million in 2023 and is projected to reach USD 1253.23 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 2.70% during the forecast period (2023–2029). This growth is being driven by the rising demand for lightweight materials in automotive and consumer goods sectors, expanding applications in sporting and industrial goods, and the increasing focus on sustainable, recyclable composites to reduce carbon footprints across manufacturing industries.

As the composites industry evolves toward lightweight, high-performance materials that support sustainable manufacturing and electric vehicle adoption, the focus turns to the key producers who are pioneering innovation, efficiency, and eco-friendly solutions. In this blog, we profile the Top 10 Companies in the Global Long Fibre Thermoplastics (LFT) Industry—a blend of chemical giants, specialized composites firms, and material innovators shaping the future of advanced thermoplastics.

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🔟 1. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: Long Glass Fibre reinforced Polypropylene (LGF-PP), Long Carbon Fibre Thermoplastics (LCF)

SABIC stands as a global leader in the production of long fibre thermoplastics, supplying high-strength LFT compounds that enhance structural integrity in automotive components and consumer products. Their extensive portfolio supports applications from under-the-hood parts to exterior body panels, leveraging advanced extrusion technologies to ensure consistent fibre distribution and mechanical performance. With a strong emphasis on scalability, SABIC’s LFT solutions are integral to major OEMs worldwide, helping to meet stringent weight reduction targets while maintaining durability.

Sustainability Initiatives:

• Development of bio-based LFT variants using recycled content

• Partnerships with automotive leaders to promote circular economy practices

• Commitment to carbon-neutral production processes by 2050

Download FREE Sample Report: Global Long Fibre Thermoplastics (LFT) Market – View in Detailed Research Report

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9️⃣ 2. Solvay

Headquarters: Brussels, Belgium
Key Offering: Long Fibre reinforced Polyamide (LGF-PA), Carbon Fibre LFT Compounds

Solvay excels in delivering engineered LFT materials tailored for demanding environments, particularly in the automotive and industrial sectors where impact resistance and thermal stability are crucial. Their products, such as Ryton R-4 LFT, are used in battery housings for electric vehicles and structural components that require superior stiffness-to-weight ratios. Operating through a network of global facilities, Solvay ensures reliable supply chains and collaborates closely with end-users to customize formulations that optimize processing and end-use performance.

Sustainability Initiatives:

• Investment in recyclable LFT systems to minimize waste

• Collaborations with OEMs for lightweighting in EVs to reduce emissions

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8️⃣ 3. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Long Glass Fibre Polypropylene (Frianyl), Long Carbon Fibre Nylon

Celanese Corporation is renowned for its Frianyl and other LFT brands that provide exceptional strength and rigidity for automotive interiors and exteriors, as well as consumer goods applications. Their materials enable complex part designs with integrated functions, reducing assembly steps and overall vehicle weight. Through continuous R&D, Celanese integrates advanced fibre technologies to meet evolving regulatory standards for fuel efficiency and emissions, serving a diverse client base across North America and Europe.

Sustainability Initiatives:

• Targets for 30% recycled content in LFT products by 2030

• Partnerships focused on sustainable supply chains for fibre reinforcements

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7️⃣ 4. PlastiComp

Headquarters: Ham Lake, Minnesota, USA
Key Offering: Custom Long Fibre Thermoplastic Pellets, Glass and Carbon LFT

PlastiComp specializes in custom-engineered LFT solutions, offering tailored compounds for automotive, sporting goods, and industrial applications where high performance and design freedom are essential. Their Speedline technology allows for rapid development of prototypes and production runs, enabling clients to achieve up to 40% weight savings compared to metal alternatives. As a nimble innovator, PlastiComp supports niche markets by providing technical expertise in compounding and processing, fostering long-term partnerships with manufacturers seeking competitive edges.

Sustainability Initiatives:

• Promotion of bio-derived resins in LFT formulations

• Efforts to enhance recyclability through modular material designs

Download FREE Sample Report: Global Long Fibre Thermoplastics (LFT) Market – View in Detailed Research Report

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6️⃣ 5. Quadrant (Mitsubishi Chemical Group)

Headquarters: Zurich, Switzerland
Key Offering: Long Fibre reinforced Engineering Thermoplastics, LGF-PBT and PA

Quadrant, part of the Mitsubishi Chemical Group, delivers premium LFT materials for precision industrial goods and consumer applications, emphasizing wear resistance and dimensional stability. Their Tectanyl and other lines are widely used in machinery components and sporting equipment, where long-term reliability under stress is paramount. With a focus on European and Asian markets, Quadrant leverages its expertise in injection molding to produce semi-finished goods that streamline manufacturing workflows and enhance product lifespans.

Sustainability Initiatives:

• Integration of renewable fibres in LFT production

• Programs for end-of-life recycling of LFT parts

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5️⃣ 6. Lanxess

Headquarters: Cologne, Germany
Key Offering: Durethan LGF-PA, Long Fibre Polyamide Compounds

Lanxess is a powerhouse in engineering LFT for the automotive sector, with Durethan products featuring in engine covers, chassis components, and structural elements that withstand harsh conditions. Their materials offer a balance of toughness and lightweight properties, contributing to improved fuel economy and EV range. Lanxess invests heavily in simulation tools to predict material behavior, allowing for optimized designs that reduce material usage without compromising safety standards, and they maintain a strong presence in global supply chains.

Sustainability Initiatives:

• Development of low-emission LFT for interior applications

• Targets to increase bio-based content to 20% by 2025

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4️⃣ 7. BASF

Headquarters: Ludwigshafen, Germany
Key Offering: Ultramid LGF-PA, Long Glass and Carbon Fibre Thermoplastics

BASF leads with its Ultramid and Ulstramid brands in LFT, providing versatile solutions for automotive, consumer, and industrial uses that prioritize mechanical strength and processability. These materials are key in creating lightweight bumpers, battery trays, and consumer durables, supporting the shift toward sustainable mobility. BASF’s global R&D network drives innovations in fibre-matrix adhesion, ensuring superior performance in high-volume production, and their commitment to circularity influences material lifecycle management across industries.

Sustainability Initiatives:

• Large-scale production of chemically recyclable LFT

• Collaborations for carbon footprint reduction in automotive applications

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3️⃣ 8. Daicel Polymer Products

Headquarters: Osaka, Japan
Key Offering: Celcon LGF-POM, Long Fibre Acetal Composites

Daicel Polymer Products focuses on high-precision LFT for Asian markets, particularly in consumer and sporting goods where low friction and high stiffness are critical. Their Celcon series excels in gears, handles, and recreational equipment, offering ease of molding and excellent surface finish. By emphasizing quality control and localized production, Daicel supports regional manufacturers in achieving cost-effective, high-performance parts, while adapting to growing demands for lightweight alternatives in electronics and appliances.

Sustainability Initiatives:

• Research into plant-based fibres for LFT reinforcement

• Initiatives to reduce energy consumption in compounding processes

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2️⃣ 9. Asahi Kasei Plastics

Headquarters: Tokyo, Japan
Key Offering: Leona LGF-PA, Thermylene LGF-PP

Asahi Kasei Plastics delivers innovative LFT solutions like Leona for automotive and industrial applications, renowned for their heat resistance and impact strength in components such as intake manifolds and power tools. Their materials facilitate hybrid designs combining metals and plastics for optimal weight savings. With a strong footprint in Asia-Pacific, Asahi Kasei advances processing technologies to enhance recyclability, meeting the needs of expanding markets in electric vehicles and consumer electronics.

Sustainability Initiatives:

• Expansion of recycled LFT production facilities

• Partnerships aimed at sustainable sourcing of raw materials

Download FREE Sample Report: Global Long Fibre Thermoplastics (LFT) Market – View in Detailed Research Report

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1️⃣ 10. RTP Company

Headquarters: Winona, Minnesota, USA
Key Offering: Custom LFT Compounds, Glass and Carbon Reinforced Thermoplastics

RTP Company tops the list as a custom compounder of LFT, serving diverse sectors with bespoke formulations that include long glass and carbon fibres in various resins for automotive, sporting, and industrial needs. Their expertise in rapid prototyping and low-volume runs allows for quick market entry, supporting innovations in lightweight sporting gear and durable industrial housings. RTP’s global distribution network ensures timely delivery, and their focus on application-specific engineering helps clients achieve superior mechanical properties and cost efficiencies.

Sustainability Initiatives:

• Development of post-consumer recycled LFT blends

• Strategic alliances for eco-friendly reinforcements in end products

Get Full Report Here: Global Long Fibre Thermoplastics (LFT) Market – View in Detailed Research Report

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🌍 Outlook: The Future of Long Fibre Thermoplastics Is Lightweight and Sustainable

The global long fibre thermoplastics market is experiencing steady evolution. Although glass fibre variants hold the majority share due to cost-effectiveness, the sector is channeling significant resources into carbon fibre options, advanced recycling methods, and expanded applications in emerging regions. This progression is fueled by the imperative for materials that balance performance, sustainability, and economics in a world increasingly oriented toward green manufacturing.

📈 Key Trends Shaping the Market:

• Accelerated adoption in automotive for EV components, especially in Asia-Pacific and Europe

• Regulatory incentives for lightweight materials to meet emission standards by 2030

• Integration of digital tools for material simulation and supply chain optimization

• Growing alliances between material suppliers and end-users for customized sustainable solutions

Get Full Report Here: Global Long Fibre Thermoplastics (LFT) Market – View in Detailed Research Report

The companies profiled here are not only supplying advanced composites—they are at the forefront of the sustainable materials revolution, enabling lighter, greener products across industries.