The Global Automotive Glass Fiber Reinforced Thermoplastics Market was valued at USD 3.28 Billion in 2025 and is projected to reach USD 5.22 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period (2024–2034). This robust growth is fueled by the global automotive industry’s aggressive pursuit of vehicle lightweighting to meet stringent emission regulations and enhance electric vehicle (EV) range. Global sales of automotive glass fiber reinforced thermoplastics (GFRTP) reached 1.31 million tons in 2025, with an average price of approximately USD 2,734 per ton.

As automakers transition toward more efficient and sustainable vehicle architectures, the demand for high-performance, cost-effective composite materials is accelerating. These composites, which blend thermoplastic resins with glass fibers, are critical for replacing heavier metal parts without compromising strength or safety. In this blog, we profile the Top 10 Companies in the Automotive Glass Fiber Reinforced Thermoplastics Industry—a diverse group of chemical giants, specialized compounders, and material innovators shaping the future of automotive manufacturing.

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🔟 1. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: STAMAX™ (LGF-PP), LNP™ Compounds

SABIC is a global leader in engineering thermoplastics, with a strong portfolio of glass fiber reinforced materials. Its flagship STAMAX™ long glass fiber polypropylene is widely used in large, semi-structural components like front-end carriers, door modules, and battery trays, offering an excellent balance of stiffness, impact strength, and low density.

Innovation Initiatives:

• Development of high-flow, low-warp grades for complex EV battery housings.

• Focus on using certified renewable feedstocks for sustainable compound production.

• Strategic partnerships with global OEMs for integrated lightweight solutions.

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9️⃣ 2. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Celstran® (LFT), Hostaform® (POM), Vectra® (LCP)

Celanese is a leading producer of high-performance engineering polymers, including a comprehensive range of long fiber thermoplastics (LFT) under the Celstran® brand. These materials are engineered for applications requiring superior mechanical properties, such as structural brackets, pedal boxes, and engine components.

Innovation Initiatives:

• Expansion of LFT capacity to meet growing demand for metal replacement.

• R&D into laser-weldable and EMI-shielding grades for advanced EV applications.

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8️⃣ 3. Avient Corporation

Headquarters: Avon Lake, Ohio, USA
Key Offering: Complet® LFT, Fiber-Line™ LFRT, Renol™ Compatibilizers

Avient specializes in specialized polymer materials and services. Its acquisition of Citrine Holdings expanded its Footprint in long fiber composites. The company offers tailored GFRTP solutions with a focus on color, performance, and sustainability, serving a broad spectrum of automotive applications from under-the-hood to interior and exterior parts.

Innovation Initiatives:

• Investment in sustainable solutions, including post-consumer recycled (PCR) content compounds.

• Development of lightweight composites for noise, vibration, and harshness (NVH) reduction.

Download FREE Sample Report: Automotive Glass Fiber Reinforced Thermoplastics Market – View in Detailed Research Report

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7️⃣ 4. RTP Company

Headquarters: Winona, Minnesota, USA
Key Offering: Custom Engineered Thermoplastic Compounds

RTP Company is a premier global compounder of engineered thermoplastics, offering thousands of standard and customized formulations. The company excels in tailoring glass fiber reinforced compounds with specific property enhancements, such as heat resistance, chemical resistance, and wear performance, for demanding automotive environments.

Innovation Initiatives:

• Rapid prototyping and small-batch production support for automotive innovation.

• Expertise in conductive and flame-retardant composites for EV battery systems.

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6️⃣ 5. Daicel Polymer Ltd.

Headquarters: Tokyo, Japan
Key Offering: PLASTACELL® (LFT), Plaflon® (PTFE Compounds)

Daicel Polymer is a key player in the Asian automotive composites market, known for its high-quality long fiber thermoplastic pellets. The company’s PLASTACELL® products are used extensively by Japanese and global automakers for components that require high rigidity and dimensional stability.

Innovation Initiatives:

• Development of lightweight materials for hybrid and electric vehicle platforms.

• Focus on improving processability and surface finish for A-Class exterior parts.

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5️⃣ 6. Kingfa Science & Technology Co., Ltd.

Headquarters: Guangzhou, China
Key Offering: Comprehensive range of GFRTP (PP, PA, PBT)

Kingfa is the largest modified plastics producer in China and a major global supplier. It offers an extensive portfolio of glass fiber reinforced thermoplastics, capturing significant market share due to its competitive pricing, large production capacity, and strong relationships with domestic and international automotive manufacturers.

Innovation Initiatives:

• Massive scale production catering to China’s booming EV market.

• Investment in bio-based and biodegradable plastic compounds.

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4️⃣ 7. Borealis AG

Headquarters: Vienna, Austria
Key Offering: Fibremod™ (SGF-PP), Daplen™ (PP Compounds)

Borealis is a leading provider of polyolefins and base polymers, with a strong focus on automotive applications. Its Fibremod™ portfolio of short and long glass fiber reinforced polypropylene compounds is designed for lightweighting interior, exterior, and under-the-hood components, emphasizing circular economy principles.

Innovation Initiatives:

• Pioneering mechanical and advanced recycling for circular polyolefin solutions.

• Collaborations with value chain partners to design for recyclability.

Download FREE Sample Report: Automotive Glass Fiber Reinforced Thermoplastics Market – View in Detailed Research Report

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3️⃣ 8. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: TOPER® (LFT), NOVADURAN® (PBT), IUPITAL® (POM)

Mitsubishi Chemical is a diversified chemical giant with a formidable presence in high-performance polymers. The company’s TOPER® long fiber thermoplastics are renowned for their excellent strength and heat resistance, making them ideal for demanding structural applications in both conventional and electric vehicles.

Innovation Initiatives:

• Development of advanced composites for next-generation fuel cell and battery electric vehicles.

• Integration of digital technologies for material data management and simulation.

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2️⃣ 9. LANXESS (now part of Trilantic)

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

LANXESS, with its high-tech engineering plastics business now operating under new ownership, remains a powerhouse in the automotive GFRTP space. Its Durethan® polyamide and Pocan® PBT compounds, reinforced with glass fibers, are industry standards for under-the-hood components, charge air ducts, and structural parts due to their thermal and mechanical performance.

Innovation Initiatives:

• Focus on flame-retardant and high-voltage-resistant grades for EV battery components.

• Use of sustainable raw materials, such as bio-based polyamides.

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1️⃣ 10. BASF SE

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

BASF is a global chemical leader with an extensive portfolio of engineering plastics for the automotive industry. Its glass fiber reinforced Ultramid® (Nylon) and Ultradur® (PBT) are widely used for manufacturing durable, lightweight components that can withstand high temperatures and mechanical stress, from engine covers to electronic housings.

Innovation Initiatives:

• Leading the charge in chemically recycled polyamides for a circular economy.

• Development of integrated material solutions for autonomous and electric vehicle platforms.

Get Full Report Here: Automotive Glass Fiber Reinforced Thermoplastics Market – View in Detailed Research Report

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🚗 Outlook: The Future of Automotive GFRTP Is Smarter and More Sustainable

The automotive glass fiber reinforced thermoplastics market is undergoing a fundamental transformation. While cost-effective metal replacement remains a primary driver, the industry is increasingly focused on developing smarter, more sustainable composite solutions tailored for the electric and autonomous vehicle era.

📈 Key Trends Shaping the Market:

• Electrification Driving Material Innovation: Demand for flame-retardant, high-CTI (Comparative Tracking Index), and EMI-shielding grades for battery packs, electric motors, and electronic systems is surging.

• Circular Economy Imperative: Intensifying focus on using recycled content (post-consumer and post-industrial) and developing bio-based polymers to reduce the carbon footprint of vehicles.

• Integrated Functionality: Composites are evolving beyond structural parts to incorporate functions like thermal management, sensors, and lighting (e.g., light-conducting polycarbonate).

• Digitalization and Simulation: Advanced modeling software is enabling faster development cycles by predicting material behavior and performance in virtual environments before physical prototyping.

Get Full Report Here: Automotive Glass Fiber Reinforced Thermoplastics Market – View in Detailed Research Report

The companies listed above are not just supplying materials—they are enabling the next generation of lighter, cleaner, and smarter vehicles. Their continued innovation in glass fiber reinforced thermoplastics is pivotal to achieving global sustainability goals and shaping the future of mobility.