The Global Continuous Fibre Reinforced Thermoplastic Composite Market was valued at USD 234 Million in 2022 and is projected to reach USD 1,456 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 29% during the forecast period (2023–2029). This robust expansion is fueled by the rising demand for lightweight materials in automotive and aerospace sectors, advancements in manufacturing processes like in-situ polymerization, and the push for sustainable alternatives to traditional metals and thermosets, particularly in electric vehicles and high-performance applications.

As industries worldwide shift toward lighter, stronger, and more recyclable materials to meet environmental regulations and performance needs, the focus falls on leading manufacturers pioneering composite technologies. In this blog, we profile the Top 10 Companies in the Continuous Fibre Reinforced Thermoplastic Composite Market—a blend of chemical giants, material innovators, and specialized producers redefining structural components across automotive, aerospace, and beyond.

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🔟 1. Lanxess AG

Headquarters: Cologne, Germany
Key Offering: TEPEX continuous fiber-reinforced thermoplastics, hybrid composites

Lanxess stands as a frontrunner in the development of high-performance thermoplastic composites, supplying materials that combine continuous fibers with engineering thermoplastics for demanding applications. Their TEPEX portfolio serves automotive OEMs, aerospace firms, and sporting goods manufacturers, emphasizing reduced weight and enhanced recyclability over conventional composites.

Key Innovations:

• Advanced hybridization techniques for metal-plastic integration

• Partnerships with automotive leaders for EV battery enclosures

• Expansion of production capacity to meet rising demand in Europe and North America

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9️⃣ 2. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: TORAYCA carbon fiber reinforced thermoplastics, multi-axial fabrics

Toray, a global leader in carbon fibers, excels in integrating continuous reinforcements into thermoplastic matrices for superior strength-to-weight ratios. The company’s materials are widely adopted in aerospace structures and automotive parts, where precision and durability are paramount, supporting the transition to fuel-efficient designs.

Key Innovations:

• Development of high-modulus carbon fiber variants for aerospace

• Collaborations with aircraft manufacturers for next-gen fuselages

• Investment in sustainable fiber sourcing and recycling processes

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8️⃣ 3. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Celstran long fiber reinforced thermoplastics, engineered composites

Celanese drives innovation in continuous fiber thermoplastics through its advanced compounding technologies, catering to automotive and industrial sectors. Their solutions enable faster processing cycles and better impact resistance, making them ideal for structural components in vehicles and machinery that require both performance and cost efficiency.

Key Innovations:

• Launch of bio-based thermoplastic matrices

• Expansion into electronics for lightweight housings

• Strategic acquisitions to bolster fiber impregnation capabilities

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7️⃣ 4. Solvay SA

Headquarters: Brussels, Belgium
Key Offering: Solvay composites with PEEK and PEKK matrices, tape and sheet forms

Solvay specializes in high-temperature thermoplastic composites reinforced with continuous fibers, targeting aerospace and defense applications where thermal stability and mechanical integrity are critical. Their materials support the industry’s move toward recyclable aircraft parts, reducing lifecycle emissions while maintaining rigorous safety standards.

Key Innovations:

• Advancements in out-of-autoclave processing

• Partnerships for hydrogen storage tanks in mobility

• Certification of composites for commercial aviation

Download FREE Sample Report: Continuous Fibre Reinforced Thermoplastic Composite Market – View in Detailed Research Report

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6️⃣ 5. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: Maezio bio-based composites, continuous fiber tapes

Covestro is at the forefront of sustainable thermoplastic composites, leveraging bio-derived polymers combined with continuous fibers for automotive and consumer goods. Their innovative approaches focus on circular economy principles, enabling designs that are not only lightweight but also environmentally friendly throughout their lifecycle.

Key Innovations:

• Introduction of fully recyclable composite systems

• Integration with 3D printing for rapid prototyping

• Collaborations for mass production in electric vehicles

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5️⃣ 6. DSM NV

Headquarters: Heerlen, Netherlands
Key Offering: Akulon and Stanyl fiber-reinforced thermoplastics, custom compounds

DSM provides tailored continuous fiber reinforced solutions using polyamide and other thermoplastics, serving diverse markets from sporting goods to electronics. The company’s emphasis on process optimization allows for high-volume production of complex parts, helping clients achieve weight reductions without compromising on functionality.

Key Innovations:

• Development of flame-retardant grades for electronics

• Expansion in Asia-Pacific for automotive applications

• Research into hybrid fiber combinations for enhanced properties

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4️⃣ 7. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: Stamax and LNP compounds with continuous fibers, UD tapes

SABIC offers a broad range of continuous fiber thermoplastic composites optimized for injection molding and compression, primarily for automotive and industrial uses. Their global supply chain ensures reliable delivery of materials that support lightweighting initiatives in emerging markets, fostering innovation in cost-effective designs.

Key Innovations:

• Launch of recycled content composites

• Partnerships with tier-one suppliers for EV components

• Advancements in fiber alignment for structural performance

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3️⃣ 8. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: Tenax carbon fiber thermoplastics, prepreg systems

Teijin leverages its expertise in aramid and carbon fibers to produce advanced thermoplastic composites for aerospace and automotive sectors. Their materials excel in high-impact applications, contributing to safer and more efficient vehicles through superior energy absorption and reduced material usage.

Key Innovations:

• Innovation in nano-engineered interfaces

• Supply to major aircraft programs

• Sustainable production scaling in Japan and Europe

Download FREE Sample Report: Continuous Fibre Reinforced Thermoplastic Composite Market – View in Detailed Research Report

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2️⃣ 9. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: VESTOSINT and INFINAM composites, specialty reinforcements

Evonik focuses on specialty thermoplastic composites with continuous fibers, targeting niche applications in electronics and medical devices. Their solutions provide exceptional chemical resistance and processability, enabling the creation of intricate components that enhance product longevity and performance in harsh environments.

Key Innovations:

• Bio-compatible composites for medical uses

• Enhancements in powder-based fiber integration

• Global R&D collaborations for electronics miniaturization

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1️⃣ 10. Polystrand Inc.

Headquarters: Lewiston, Maine, USA
Key Offering: Thermoplastic composite tapes and laminates, custom reinforcements

Polystrand, a specialized producer, delivers continuous fiber thermoplastic composites optimized for high-speed manufacturing processes like thermoforming. Serving automotive and sporting goods industries, their materials facilitate rapid production of lightweight panels and frames, accelerating market entry for innovative designs.

Key Innovations:

• Automated tape-laying technologies

• Partnerships with North American OEMs

• Focus on scalable, low-cost composite solutions

Get Full Report Here: Continuous Fibre Reinforced Thermoplastic Composite Market – View in Detailed Research Report

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🌍 Outlook: The Future of Continuous Fibre Reinforced Thermoplastic Composites Is Lightweight and Sustainable

The continuous fibre reinforced thermoplastic composite market is experiencing transformative growth. Although challenges like high initial costs persist, the sector is channeling significant investments into scalable production methods, bio-based reinforcements, and recycling technologies to broaden adoption across industries.

📈 Key Trends Shaping the Market:

• Integration with additive manufacturing for complex geometries

• Rising adoption of carbon fiber types in premium automotive segments

• Expansion of glass fiber variants for cost-sensitive applications

• Growth in aerospace for secondary structures and interiors

• Regulatory incentives for sustainable composites in Europe and the US

Get Full Report Here: Continuous Fibre Reinforced Thermoplastic Composite Market – View in Detailed Research Report

The companies profiled here are not only advancing material science—they’re enabling a greener, more efficient future across global industries.