The Global Long Fibre Thermoplastics (LFT) Market was valued at US$ 973.4 Million in 2023 and is projected to reach US$ 1186.7 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 2.8% during the forecast period (2024–2030). This steady growth is primarily driven by the relentless push for vehicle lightweighting in the automotive sector, the increasing demand for durable and high-performance materials in consumer goods and electronics, and the continuous innovation in material science enabling new applications across industries.

As global industries pivot towards more sustainable and efficient manufacturing, the demand for materials that offer superior strength-to-weight ratios, corrosion resistance, and design flexibility is surging. In this landscape, the key players developing and supplying Long Fibre Thermoplastics are at the forefront, enabling next-generation products. In this blog, we profile the Top 10 Companies in the Long Fibre Thermoplastics Industry—a blend of chemical giants, specialized compounders, and technology innovators shaping the material’s future.

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🔟 1. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: LNP™ THERMOCOMP™ LFT Compounds

SABIC is a global leader in the chemical industry, offering a comprehensive portfolio of LFT compounds under its LNP brand. These materials are engineered for high stiffness, impact resistance, and dimensional stability, making them ideal for demanding applications in automotive, electrical, and consumer electronics.

Innovation and Market Focus:

• Development of glass and carbon fibre-reinforced LFT compounds.
• Strong focus on sustainable solutions, including bio-based and recycled content materials.
• Global production and technical support network serving diverse industries.

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9️⃣ 2. Solvay

Headquarters: Brussels, Belgium
Key Offering: IXEF® PARA, Tecnoflon PL855 LFT

Solvay is a leading specialty materials company with a strong presence in high-performance polymers. Its IXEF® polyarylamide (PARA) LFT compounds are renowned for their exceptional mechanical properties, high-temperature resistance, and excellent surface finish, targeting premium automotive, consumer, and industrial applications.

Innovation and Market Focus:

• Pioneering high-performance LFT solutions for metal replacement.
• Investment in R&D for next-generation composites and sustainable material options.
• Strategic focus on aerospace, automotive, and smart devices.

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8️⃣ 3. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Celstran® LFT, Fortron® LFT PPS

Celanese is a key global producer of engineered materials, offering the well-established Celstran® range of long fibre-reinforced thermoplastics. These compounds provide superior strength and impact resistance and are widely used in automotive under-the-hood components, recreational products, and industrial applications.

Innovation and Market Focus:

• Broad portfolio including PP, PA, PPS, and other engineering plastic-based LFTs.
• Focus on technologies that enhance processing efficiency and part performance.
• Global reach with strong customer collaboration programs.

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7️⃣ 4. PlastiComp, Inc.

Headquarters: Winona, Minnesota, USA
Key Offering: Complēt® LFT Compounds

PlastiComp is a specialized compounder focused exclusively on long and continuous fibre thermoplastic technologies. The company’s Complēt® LFT pellets and direct-injection molding capabilities offer designers exceptional flexibility and performance, particularly in custom applications requiring high mechanical properties.

Innovation and Market Focus:

• Expertise in custom LFT formulations with glass, carbon, and recycled fibers.
• Leading provider of LFT pellet and direct-long fibre thermoplastic (D-LFT) solutions.
• Strong focus on technical collaboration and application development.

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6️⃣ 5. Quadrant Group (now part of Mitsubishi Chemical Advanced Materials)

Headquarters: Zurich, Switzerland
Key Offering: Fiberfil® LFT

Quadrant, now integrated into Mitsubishi Chemical Advanced Materials, has a long history in high-performance plastics. Its Fiberfil® LFT products are known for their quality and consistency, serving sectors that require high strength, stiffness, and thermal resistance, such as automotive, industrial automation, and material handling.

Innovation and Market Focus:

• Integration into a larger advanced materials portfolio for cross-technology synergy.
• Focus on standard and custom LFT grades for engineered plastic applications.
• Global manufacturing and sales footprint.

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5️⃣ 6. LANXESS

Headquarters: Cologne, Germany
Key Offering: Durethan® LFT

LANXESS is a leading specialty chemicals company with a strong engineering plastics division. Its Durethan® LFT compounds, based primarily on polyamide, are designed to meet the rigorous demands of the automotive industry for lightweight structural components that can withstand high loads and temperatures.

Innovation and Market Focus:

• Development of LFT solutions for electric vehicle (EV) battery trays and structural parts.
• Commitment to sustainability with bio-based and recycled content offerings.
• Strong technical service and application development support.

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4️⃣ 7. BASF SE

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

BASF, one of the world’s largest chemical producers, offers a range of LFT compounds under its Ultramid (polyamide) and Ultradur (PBT) brands. These materials are engineered for high mechanical performance and are critical in automotive, electrical, and construction applications where durability and lightweighting are paramount.

Innovation and Market Focus:

• Extensive R&D in high-performance additives and fiber technologies.
• Focus on creating LFT solutions for circular economy models.
• Global production capabilities and customer-centric innovation.

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Long Fibre Thermoplastics (LFT) Market – View in Detailed Research Report

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3️⃣ 8. Daicel Polymer Ltd.

Headquarters: Tokyo, Japan
Key Offering: Plaplen LFT

Daicel Polymer is a significant player in the Asian plastics market, specializing in compound development. The company’s LFT offerings, often based on polypropylene, cater to the automotive and appliance industries, providing a cost-effective solution for large, structural parts that require enhanced stiffness and impact strength.

Innovation and Market Focus:

• Strong regional presence and understanding of the Asian manufacturing landscape.
• Focus on cost-performance optimization for high-volume applications.
• Development of LFT grades for improved surface appearance and processability.

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2️⃣ 9. Asahi Kasei Plastics

Headquarters: Tokyo, Japan
Key Offering: Thermylene® LFT

Asahi Kasei Plastics, part of the larger Asahi Kasei Corporation, is a leading global compounder. Its Thermylene® LFT products, primarily polypropylene-based, are recognized for their excellent balance of mechanical properties and are widely used in automotive interiors, exteriors, and industrial applications.

Innovation and Market Focus:

• Expertise in polypropylene-based LFTs for lightweighting.
• Commitment to developing flame-retardant and thermally conductive LFT compounds.
• Expanding global footprint to serve international customers.

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1️⃣ 10. RTP Company

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

RTP Company is a global compounder known for its extensive custom-engineered thermoplastics. The company offers a wide array of LFT compounds tailored to specific customer requirements, utilizing various polymer bases and fiber types to achieve targeted performance characteristics for specialized applications across multiple industries.

Innovation and Market Focus:

• Highly flexible, customer-driven approach to LFT formulation.
• Broad capabilities in specialty additives and fibre reinforcements.
• Strong focus on niche markets and customized material solutions.

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Long Fibre Thermoplastics (LFT) Market – View in Detailed Research Report

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🌍 Outlook: The Future of LFT is Smarter, Lighter, and More Sustainable

The Long Fibre Thermoplastics market is undergoing a significant transformation. While traditional applications in automotive and industrial sectors continue to drive volume, the industry is increasingly focused on developing advanced materials for next-generation challenges, particularly sustainability and electrification.

📈 Key Trends Shaping the Market:

• Accelerated adoption in Electric Vehicle (EV) battery enclosures and structural components.
• Growing demand for bio-based polymers and recycled fibre content in LFT compounds.
• Increased use of carbon fibre LFT for premium performance applications.
• Advancements in Direct-LFT (D-LFT) processing for large-part manufacturing efficiency.

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

The companies listed above are not only supplying materials—they are enabling the lightweight revolution and helping industries build stronger, more efficient, and sustainable products for the future.