The Global Long Glass Fiber Thermoplastic (LFT) Market was valued at USD 4.82 Billion in 2024 and is projected to reach USD 7.46 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period (2024–2030). This robust growth is driven by the escalating demand for lightweight, high-strength materials in the automotive, aerospace, and consumer goods industries, alongside the rapid expansion of electric vehicle production and industrial automation.

As industries worldwide intensify their focus on sustainability and performance, long glass fiber thermoplastics have emerged as a critical material solution, offering superior mechanical properties over traditional materials. In this blog, we profile the Top 10 Companies in the Long Glass Fiber Thermoplastic Market—a group of chemical giants, specialty compounders, and material innovators shaping the future of advanced composites.

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🔟 1. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: STAMAX™ LGF-PP, LUBRICOMP® LGF Compounds

SABIC is a global leader in the chemical industry and a major supplier of LFT materials. Its STAMAX™ brand of long glass fiber polypropylene is widely used in automotive underbody shields, front-end modules, and door modules, contributing to significant vehicle weight reduction.

Innovation and Sustainability Initiatives:

• Development of bio-based and recycled content LFT compounds
• Strategic partnerships with global automotive OEMs
• Commitment to carbon neutrality across its operations by 2050

Download FREE Sample Report: Long Glass Fiber Thermoplastic Market – View in Detailed Research Report

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9️⃣ 2. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Celstran® LFT, Vectra® LCP LFT

Celanese is a leading producer of engineered materials, including its renowned Celstran® long-fiber reinforced thermoplastics. These materials are recognized for their high impact strength and stiffness, making them ideal for demanding applications in automotive, industrial, and consumer goods.

Innovation and Sustainability Initiatives:

• Advanced LFT technologies for metal replacement
• Focus on circular economy through resin recycling programs

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8️⃣ 3. PolyOne (Now Avient Corporation)

Headquarters: Avon Lake, Ohio, USA
Key Offering: Complet® LFT compounds

Following its acquisition by Avient, the former PolyOne’s Complet® long glass fiber technology continues to be a major force in the market. These compounds offer excellent strength-to-weight ratios and are extensively used in automotive, construction, and appliance sectors.

Innovation and Sustainability Initiatives:

• Expansion of sustainable LFT solutions with recycled content
• Global production capabilities supporting just-in-time delivery

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7️⃣ 4. Solvay SA

Headquarters: Brussels, Belgium
Key Offering: IXEF® PARA LFT, Tepex® continuous fiber composites

Solvay is a key player in high-performance polymers and composites. Its IXEF® polyarylamide (PARA) based LFTs offer exceptional mechanical properties and surface finish, targeting premium applications in automotive, consumer electronics, and medical devices.

Innovation and Sustainability Initiatives:

• Investment in bio-based and circular material platforms
• Leading R&D in thermoplastic composites for electrification

Download FREE Sample Report: Long Glass Fiber Thermoplastic Market – View in Detailed Research Report

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6️⃣ 5. RTP Company

Headquarters: Winona, Minnesota, USA
Key Offering: Custom LFT compounds across various polymer bases

RTP Company is a leading global compounder of engineered thermoplastics, offering a wide range of custom long glass fiber reinforced compounds. The company specializes in tailoring materials to meet specific customer requirements for strength, thermal performance, and regulatory compliance.

Innovation and Sustainability Initiatives:

• Customer-centric development of application-specific LFT grades
• Implementation of sustainable manufacturing practices

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5️⃣ 6. PlastiComp Inc.

Headquarters: Winona, Minnesota, USA
Key Offering: Complet® LFT pellets, long fiber direct compounding

PlastiComp is a specialist in long fiber thermoplastic technologies, offering both standard and custom LFT compounds. The company is known for its expertise in direct compounding processes, which provide cost and performance advantages for high-volume applications.

Innovation and Sustainability Initiatives:

• Pioneering long carbon fiber thermoplastic compounds
• Focus on lightweighting solutions for electric vehicles

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4️⃣ 7. LANXESS

Headquarters: Cologne, Germany
Key Offering: Durethan® LFT (PA), Pocan® LFT (PBT)

LANXESS is a prominent specialty chemicals company with a strong portfolio of high-tech plastics. Its Durethan® (polyamide) and Pocan® (PBT) based long glass fiber compounds are widely used in automotive, electrical, and construction applications for their durability and heat resistance.

Innovation and Sustainability Initiatives:

• Development of LFT grades with reduced carbon footprint
• Solutions for battery housings and e-mobility components

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3️⃣ 8. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Ultramid® LFT (PA), Ultradur® LFT (PBT)

BASF, one of the world’s largest chemical producers, offers a comprehensive range of engineering plastics, including long glass fiber reinforced grades. Its materials are engineered for high mechanical loads and are critical in automotive structural parts and industrial applications.

Innovation and Sustainability Initiatives:

• ChemCycling project for producing LFTs from chemically recycled waste
• Strong focus on material solutions for sustainable mobility

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2️⃣ 9. Asahi Kasei Corporation

Headquarters: Tokyo, Japan
Key Offering: Xyron™ LFT (modified PPE), Leona™ LFT (PA66)

Asahi Kasei is a diversified Japanese chemical company with advanced material solutions. Its Leona™ polyamide and Xyron™ modified polyphenylene ether LFTs are valued for their heat resistance, strength, and dimensional stability in harsh environments.

Innovation and Sustainability Initiatives:

• Development of halogen-free flame-retardant LFT grades
• Expansion of global production capacity to meet rising demand

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1️⃣ 10. Daicel Polymer Ltd.

Headquarters: Tokyo, Japan
Key Offering: Plastaid® LFT compounds

Daicel Polymer is a key supplier of engineered plastic compounds in the Asia-Pacific region. The company’s Plastaid® long glass fiber thermoplastics are used in a variety of applications, from automotive components to industrial machinery parts, emphasizing high flow and excellent surface quality.

Innovation and Sustainability Initiatives:

• Focus on high-performance compounds for the Asian market
• Investment in recycling-compatible material technologies

Get Full Report Here: Long Glass Fiber Thermoplastic Market – View in Detailed Research Report

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

The long glass fiber thermoplastic market is undergoing a significant transformation. While traditional applications in automotive and consumer goods continue to dominate, the industry is rapidly expanding into electric vehicles, renewable energy, and advanced electronics, driven by the global push for efficiency and sustainability.

📈 Key Trends Shaping the Market:

• Accelerated adoption in electric vehicle battery trays and structural components
• Growing demand for recyclable and bio-based LFT compounds
• Advancements in direct-LFT (D-LFT) processing for cost reduction
• Increased hybridization of glass with carbon fibers for ultra-high performance

Get Full Report Here: Long Glass Fiber Thermoplastic Market – View in Detailed Research Report

The companies profiled above are not just supplying materials—they are enabling the next generation of lightweight, durable, and sustainable products across global industries.