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Global Short Fiber Reinforced Thermoplastic Composites Market – View in Detailed Research Report

The Global Short Fiber Reinforced Thermoplastic Composites Market was valued at USD 1103.75 Million in 2023 and is projected to reach USD 1243.00 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 2.00% during the forecast period (2024–2029). This steady growth is driven by increasing demand for lightweight, high-performance materials across the automotive, aerospace, and consumer goods sectors, as industries intensify their focus on fuel efficiency, sustainability, and enhanced product durability.

As manufacturers worldwide pivot toward advanced materials that offer superior strength-to-weight ratios and design flexibility, short fiber reinforced thermoplastics (SFRTs) have emerged as a cornerstone of modern industrial design. In this blog, we profile the Top 10 Companies in the Short Fiber Reinforced Thermoplastic Composites Industry—a group of chemical giants and specialty compounders driving innovation in material science and manufacturing.

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🔟 10. Asahi Kasei Corporation

Headquarters: Tokyo, Japan
Key Offering: Leona™ Polyamide (PA) resins, SFRT compounds

Asahi Kasei is a leading Japanese chemical company with a strong portfolio of engineering plastics. Its Leona™ brand of nylon resins, reinforced with short glass or carbon fibers, is widely used in automotive components, electrical connectors, and industrial parts requiring high heat resistance and mechanical strength.

Innovation and Growth Strategies:

• Development of high-flow, heat-resistant grades for complex injection molding

• Expansion of bio-based and recycled content polyamide compounds

• Strategic focus on the Asian automotive and electronics markets

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Global Short Fiber Reinforced Thermoplastic Composites Market – View in Detailed Research Report

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9️⃣ 9. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: Technyl® Polyamide, Amodel® PPA, IXEF® PARA

Solvay is a global leader in advanced materials, offering a diverse range of high-performance SFRT compounds. The company’s Technyl® brand is an industry benchmark for polyamide-based solutions, serving demanding applications in under-the-hood automotive parts, electrical systems, and consumer appliances.

Innovation and Growth Strategies:

• Pioneering high-temperature polymers for electric vehicle (EV) components

• Investment in circular economy solutions, including recycled content grades

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8️⃣ 8. Mitsubishi Chemical Advanced Materials

Headquarters: Tokyo, Japan
Key Offering: Kyron™ SFRT compounds, TEFLEX® products

Mitsubishi Chemical Advanced Materials specializes in high-performance thermoplastic composites. Its Kyron™ SFRT portfolio includes a wide array of polyamide, PPS, and PEEK-based compounds reinforced with short glass, carbon, or aramid fibers, targeting applications where thermal stability and chemical resistance are critical.

Innovation and Growth Strategies:

• Focus on customized compound solutions for medical, aerospace, and semiconductor industries

• Global production network ensuring supply chain resilience

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7️⃣ 7. RTP Company

Headquarters: Winona, Minnesota, USA
Key Offering: Custom-engineered SFRT compounds

RTP Company is a leading global compounder of engineered thermoplastics. The company excels at developing custom SFRT formulations tailored to specific customer requirements, offering one of the broadest ranges of resin and fiber combinations in the industry, including specialty additives for conductivity, flame retardancy, and wear resistance.

Innovation and Growth Strategies:

• Rapid prototyping and small-batch production capabilities

• Strong focus on customer collaboration and technical support

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6️⃣ 6. Avient Corporation

Headquarters: Avon Lake, Ohio, USA
Key Offering: Complet™ SFRT compounds, Edgetek™ products

Avient is a premier provider of specialized polymer materials and services. Following its strategic acquisition of Clariant’s masterbatch business and DSM’s Protective Materials arm, Avient has significantly expanded its SFRT capabilities, particularly in high-performance nylons and polypropylenes for automotive and electronics.

Innovation and Growth Strategies:

• Expansion of sustainable solutions, including bio-based and recyclable compounds

• Integration of color and additive masterbatch expertise into composite offerings

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Global Short Fiber Reinforced Thermoplastic Composites Market – View in Detailed Research Report

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5️⃣ 5. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: Torayca®-reinforced compounds, Amilan™ Polyamide

Toray is a global innovator in fibers, textiles, and advanced composites. Leveraging its expertise in carbon fiber production (Torayca®), the company offers superior SFRT compounds that combine thermoplastic matrices with short carbon fibers, delivering exceptional stiffness and lightweight properties for aerospace, automotive, and sports equipment.

Innovation and Growth Strategies:

• Vertical integration from carbon fiber precursor to finished composite

• Targeting mass-volume applications in next-generation transportation

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4️⃣ 4. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Celanese® Nylon, Celstran® SFRT, Hostaform® POM

Celanese is a leading global chemical and specialty materials company. Its engineered materials segment produces a wide array of SFRTs, notably under the Celstran® brand, which includes long and short fiber reinforced thermoplastics for applications demanding high impact strength, creep resistance, and dimensional stability.

Innovation and Growth Strategies:

• Development of conductive compounds for EMI shielding in electronics

• Strategic investments in acetyls chain integration for cost-competitive engineering polymers

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3️⃣ 3. LANXESS AG

Headquarters: Cologne, Germany
Key Offering: Durethan® Polyamide, Pocan® PBT

LANXESS is a recognized leader in high-tech engineering plastics. The company’s Durethan® (PA) and Pocan® (PBT) SFRT compounds are instrumental in lightweight automotive construction, electrical engineering, and consumer goods. LANXESS is heavily invested in developing solutions for e-mobility, such as flame-retardant and high-voltage-resistant grades.

Innovation and Growth Strategies:

• Pioneering compounds for battery housings and electric drive components

• Commitment to sustainability with product lines containing recycled glass fibers and bio-based raw materials

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2️⃣ 2. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: SABIC® PP compounds, NORYL™ NXU, LNP™ compounds

SABIC’s extensive portfolio includes a wide range of SFRTs, particularly strong in polypropylene-based compounds for automotive interiors and exteriors. Its LNP™ specialty compounds business offers advanced SFRT solutions with enhanced properties like laser weldability, UV stability, and low warpage for demanding applications in electronics and healthcare.

Innovation and Growth Strategies:

• Leading the development of certified circular polymers from advanced recycling

• Expanding global compounding capacity to meet regional demand

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1️⃣ 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Ultramid® Polyamide, Ultradur® PBT

BASF stands as the global market leader in the chemical industry and a dominant force in SFRTs. Its Ultramid® (PA) and Ultradur® (PBT) portfolios represent some of the most comprehensive lines of reinforced thermoplastics available, serving virtually every major end-market with a strong emphasis on automotive lightweighting and electrical applications.

Innovation and Growth Strategies:

• Extensive R&D in materials for electric vehicles, including cooling components and charge connectors

• Global production footprint and technical service network supporting customers worldwide

• Strong commitment to sustainability with products like Ultramid® Ccycled™ containing recycled content

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Global Short Fiber Reinforced Thermoplastic Composites Market – View in Detailed Research Report

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🌍 Outlook: The Future of SFRT Composites Is Smarter and More Sustainable

The short fiber reinforced thermoplastic composites market is undergoing a significant transformation. While traditional performance attributes like strength and weight savings remain paramount, the industry is increasingly driven by sustainability mandates, digitalization, and the needs of the electric vehicle revolution.

📈 Key Trends Shaping the Market:

• Accelerated adoption in electric vehicle battery systems, motor components, and lightweight structures

• Growing demand for bio-based, recycled-content, and chemically recyclable compound formulations

• Integration of digital tools for predictive modeling of composite performance and optimized manufacturing

• Development of multifunctional composites with integrated properties like thermal conductivity and inherent flame retardancy

Get Full Report Here:
Global Short Fiber Reinforced Thermoplastic Composites Market – View in Detailed Research Report

The companies listed above are not only supplying materials—they are enabling the next generation of lightweight, efficient, and sustainable products across the global industrial landscape.