The Global Continuous Fiber Reinforced Thermoplastic Composites Market was valued at US$ 338.2 Million in 2022 and is projected to reach US$ 472.1 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period (2023–2029). This robust growth is fueled by the escalating demand for lightweight, high-strength materials across the Aerospace, Automotive, and Electronics sectors, driven by stringent emission regulations and the relentless pursuit of fuel efficiency.

As industries worldwide pivot towards high-performance, sustainable materials, CFRTPs represent the future of advanced composites. In this blog, we profile the Top 10 Companies in the Continuous Fiber Reinforced Thermoplastic Composites Industry—a strategic mix of chemical giants, specialized material innovators, and advanced manufacturers shaping the next generation of lightweight solutions.

---

🔟 1. Lanxess AG

Headquarters: Cologne, Germany
Key Offering: Tepex® dynalite and flowline composites

Lanxess is a global leader in high-performance materials, with its Tepex brand of CFRTPs being a benchmark in the industry. These composites are used in large-volume production for automotive, consumer electronics, and sports equipment, prized for their exceptional mechanical properties and design freedom.

Innovation & Market Focus:

• Pioneering mass-production capable CFRTP solutions

• Strong focus on automotive structural components (e.g., front-end carriers, brake pedals)

• Expanding applications in electric vehicle battery trays and enclosures

Download FREE Sample Report: Continuous Fiber Reinforced Thermoplastic Composites Market – View in Detailed Research Report

---

9️⃣ 2. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: TORAYCA® carbon fibers, CFRTP prepregs

Toray is the world’s largest producer of carbon fibers, giving it a foundational advantage in the CFRTP market. The company produces a wide range of CFRTP intermediates, including unidirectional tapes and woven fabrics, primarily targeting the aerospace and sporting goods industries.

Innovation & Market Focus:

• Vertical integration from carbon fiber production to composite parts

• Leading supplier for next-generation commercial aircraft programs

• Development of rapid-curing thermoplastic prepregs for high-volume automotive applications

---

8️⃣ 3. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Celstran®, Compel®, Hostaform® CFRTP

Celanese is a major force in engineered materials, offering a comprehensive portfolio of CFRTPs under its Celstran and Compel brands. These long-fiber reinforced thermoplastics (LFT) and continuous fiber reinforced thermoplastics are used in demanding structural applications.

Innovation & Market Focus:

• Wide range of thermoplastic matrices (PPS, PEEK, PA, PP)

• Focus on replacing metals in automotive under-the-hood and structural components

• Advanced tribological composites for wear-resistant applications

---

7️⃣ 4. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: APC ( thermoplastic composites), CETEX® thermoplastics

Solvay offers a distinguished range of high-performance CFRTPs, particularly for the aerospace sector. Their materials, including carbon fiber/PEEK and carbon fiber/PPS tapes and fabrics, are renowned for their high temperature resistance and toughness.

Innovation & Market Focus:

• Leading provider of high-temperature thermoplastic composites for engine components

• Development of sustainable bio-based and recyclable thermoplastic composite solutions

• Strong R&D in welding and thermoplastic additive manufacturing processes

Download FREE Sample Report: Continuous Fiber Reinforced Thermoplastic Composites Market – View in Detailed Research Report

---

6️⃣ 5. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: UDMAX®, STAMAX® composites

SABIC’s innovative CFRTP portfolio is designed for high-volume, lightweight applications. Their UDMAX tapes and STAMAX LFT composites are extensively used in automotive, particularly for battery systems in electric vehicles, as well as in consumer goods and industrial applications.

Innovation & Market Focus:

• Strategic focus on enabling electric vehicle lightweighting and safety

• Development of flame-retardant CFRTP grades for electronics and transportation

• Global production capacity to support large-scale automotive programs

---

5️⃣ 6. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: Maezio® thermoplastic composites

Covestro’s Maezio® CFRTPs are composite materials based on continuous carbon or glass fibers embedded in a thermoplastic matrix, such as polycarbonate. They are known for their premium aesthetics combined with high performance, making them suitable for consumer electronics and automotive interiors.

Innovation & Market Focus:

• Unique selling proposition of combining high performance with design aesthetics

• Focus on sustainable production and recyclability of composite materials

• Applications in laptops, smartphones, sports equipment, and luxury automotive trim

---

4️⃣ 7. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: Tenax® TPCL (Thermoplastic Composites), Sereebo®

Teijin is a diversified technology company with a strong presence in carbon fibers and advanced composites. Their CFRTP offerings are targeted at high-growth markets, including automotive lightweighting and rapid molding processes for mass production.

Innovation & Market Focus:

• Development of the Sereebo® CFRTP system for high-speed compression molding

• Strong focus on reducing cycle times to under a minute for automotive parts

• Partnerships with automotive OEMs for implementing CFRTP in body-in-white components

---

3️⃣ 8. DSM Engineering Materials (now part of Covestro)

Headquarters: Geleen, Netherlands
Key Offering: EcoPaXX® CFRTP, Arnite® CFRTP

Prior to its acquisition by Covestro, DSM was a prominent innovator in sustainable high-performance materials. Its CFRTP portfolio included bio-based and high-temperature solutions, with a legacy of expertise that continues to influence the market under the Covestro banner.

Innovation & Market Focus:

• Pioneering bio-based polyamide 410 (EcoPaXX) for sustainable composites

• Expertise in high-flow materials for complex, thin-walled components

• Strong heritage in electrical and electronic applications

---

2️⃣ 9. Polystrand Inc.

Headquarters: Montrose, Colorado, USA
Key Offering: Thermoplastic composite laminates, panels, and structures

Polystrand is a specialized manufacturer focused exclusively on thermoplastic composite materials. The company produces a range of CFRTP products, including cross-piled laminates, which are used in ballistic armor, industrial equipment, and transportation for their impact resistance and durability.

Innovation & Market Focus:

• Specialization in custom-engineered thermoplastic composite solutions

• Leading provider of composite materials for military and ballistic protection

• Expertise in fusion bonding and thermoforming of large composite parts

---

1️⃣ 10. AXIA Materials

Headquarters: Yongin-si, South Korea
Key Offering: Carbon fiber/PPS, Carbon fiber/PEEK tapes and laminates

AXIA Materials is a key Asian player specializing in high-performance CFRTPs. The company supplies thermoplastic unidirectional tapes and laminated sheets primarily to the aerospace, automotive, and industrial sectors, with a strong focus on the Asian market.

Innovation & Market Focus:

• Strategic partnerships with Korean and Japanese automotive and aerospace giants

• Focus on developing cost-effective manufacturing processes for CFRTPs

• Expanding production capacity to meet growing regional demand

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

---

🌍 Outlook: The Future of Composites Is Thermoplastic and Sustainable

The Continuous Fiber Reinforced Thermoplastic Composites market is at a pivotal juncture. While thermoset composites have long dominated structural applications, the inherent advantages of CFRTPs—recyclability, faster processing, and superior toughness—are driving a significant market shift. The industry is increasingly investing in advanced manufacturing technologies and sustainable material cycles.

📈 Key Trends Shaping the Market:

• Accelerated adoption in Electric Vehicle (EV) battery housings and structural components to extend range

• Development of automated production technologies like tape laying and thermoforming to reduce costs

• Growing regulatory and consumer pressure for recyclable and sustainable material solutions

• Expansion into new applications in wind energy, medical devices, and infrastructure

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

The companies listed above are not only supplying advanced materials—they’re engineering the lightweight, sustainable future of mobility and manufacturing.