The Global Long Fiber Reinforced Thermoplastic Material Market was valued at USD 1,065.26 Million in 2023 and is projected to reach USD 1,257.23 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 2.80% during the forecast period. This steady growth is being driven by the relentless demand for lightweight, high-performance materials in the automotive, aerospace, and industrial sectors, coupled with the accelerating shift from traditional metals and short-fiber composites to advanced LFRT solutions.

As global industries prioritize efficiency, sustainability, and performance, the focus intensifies on the material innovators at the forefront of this transformation. In this blog, we profile the Top 10 Companies in the Long Fiber Reinforced Thermoplastic Material Industry—a blend of chemical giants, specialized compounders, and technology pioneers shaping the future of advanced composites.

---

🔟 1. SABIC

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

SABIC is a global leader in diversified chemicals and a major force in the advanced materials space. Its LNP portfolio of long fiber reinforced thermoplastics offers exceptional mechanical strength, impact resistance, and design flexibility, serving demanding applications from automotive under-the-hood components to consumer electronics.

Innovation Initiatives:

• Development of bio-based and recyclable LFRT compounds

• Strategic focus on electrification and lightweighting for electric vehicles (EVs)

• Global technical support and application development centers

Download FREE Sample Report:
Global Long Fiber Reinforced Thermoplastic Material Market – View in Detailed Research Report

---

9️⃣ 2. Celanese Corporation

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

Celanese is a leading global chemical and specialty materials company renowned for its high-performance engineering polymers. Its Celstran® long-fiber reinforced thermoplastics are industry benchmarks for strength and durability, widely used in automotive, industrial, and consumer applications where metal replacement is critical.

Innovation Initiatives:

• Continuous fiber thermoplastic (CFT) tape and sheet technologies

• Focus on sustainable solutions and circular economy principles

• Expansion of LFRT capabilities for additive manufacturing

---

8️⃣ 3. RTP Company

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

RTP Company specializes in engineering thermoplastic compounds, offering one of the broadest ranges of custom LFRT solutions globally. With facilities across North America, Europe, and Asia, the company provides tailored materials that meet specific mechanical, thermal, and regulatory requirements for diverse industries.

Innovation Initiatives:

• Expertise in a wide array of resin systems (PP, PA, PEEK, PPS) and fiber types

• Focus on niche applications in medical, aerospace, and electrical sectors

---

7️⃣ 4. PlastiComp, Inc.

Headquarters: Winona, Minnesota, USA
Key Offering: Complet® LFRT & LFT Concentrates

PlastiComp is a technology leader focused exclusively on long fiber reinforced thermoplastics. The company’s Complet® products are known for superior performance in direct-long fiber thermoplastic (D-LFT) and pellet (LFT) processes, enabling complex, large-part manufacturing for automotive and heavy equipment.

Innovation Initiatives:

• Pioneering hybrid and carbon fiber LFRT formulations

• Advanced rheological control for improved processing

Download FREE Sample Report:
Global Long Fiber Reinforced Thermoplastic Material Market – View in Detailed Research Report

---

6️⃣ 5. LOTTE CHEMICAL

Headquarters: Seoul, South Korea
Key Offering: Lotte LFT Compounds

LOTTE CHEMICAL is a major petrochemical company with a growing advanced materials division. It produces a range of LFT compounds that cater to the robust Asian automotive market, providing cost-effective and high-performance solutions for structural components and semi-structural applications.

Innovation Initiatives:

• Expansion of production capacity to meet regional demand

• Development of LFRT grades compatible with Asian OEM specifications

---

5️⃣ 6. JNC Corporation

Headquarters: Tokyo, Japan
Key Offering: LFT Pellet (PP, PA-based)

JNC Corporation is a Japanese chemical company with significant expertise in functional polymers and composites. Its LFRT products are heavily utilized in the Japanese automotive industry for parts requiring high rigidity and impact resistance, contributing to vehicle lightweighting initiatives.

Innovation Initiatives:

• Strong R&D focus on heat-resistant and flame-retardant LFRT grades

• Collaboration with Japanese automotive giants on new material applications

---

4️⃣ 7. Daicel Polymer Limited

Headquarters: Tokyo, Japan
Key Offering: Plafil® LFT-G & LFT-D Grades

Daicel Polymer is a specialized compounder known for its Plafil® series of long glass fiber reinforced thermoplastics. The company serves a global customer base with materials designed for injection molding and compression molding processes, particularly in the automotive and electrical industries.

Innovation Initiatives:

• Development of LFRT with enhanced surface finish for visible parts

• Investment in recycling technologies for thermoplastic composites

---

3️⃣ 8. Techno Compound

Headquarters: Bötzingen, Germany
Key Offering: TechnoLFT Long Fiber Compounds

Techno Compound is a European specialist in compounding engineering plastics, including a comprehensive range of long fiber reinforced materials. The company leverages its technical expertise to serve the demanding German and European automotive OEMs and Tier-1 suppliers.

Innovation Initiatives:

• Custom compounding services for specific customer applications

• Focus on lightweighting solutions aligned with EU sustainability directives

---

2️⃣ 9. Nippon Electric Glass Co., Ltd. (PPG)

Headquarters: Otsu, Shiga, Japan
Key Offering: Glass Fiber for LFTs, Specialty Reinforcements

While not a compounder itself, Nippon Electric Glass (NEG) is a critical player as a leading supplier of the primary reinforcement material—glass fiber. Its high-performance glass fibers are essential raw materials for many LFRT producers, influencing the final properties of the composite.

Innovation Initiatives:

• Development of high-strength and corrosion-resistant glass fiber formulations

• Research into fiber sizing technologies for improved polymer adhesion

---

1️⃣ 10. KINGFA Science & Technology Co., Ltd.

Headquarters: Guangzhou, China
Key Offering: Kingfa LFT Products

KINGFA is one of China’s largest and fastest-growing modified plastics producers. The company has a substantial portfolio of LFRT materials that support China’s massive manufacturing sector, particularly in automotive, home appliances, and tooling, offering competitive and reliable material solutions.

Innovation Initiatives:

• Rapid scaling of production to dominate the Asia-Pacific market

• Investment in R&D for new polymer blends and reinforcements

Get Full Report Here:
Global Long Fiber Reinforced Thermoplastic Material Market – View in Detailed Research Report

---

🌍 Outlook: The Future of LFRT Materials Is Lighter, Smarter, and More Sustainable

The Long Fiber Reinforced Thermoplastic market is poised for transformative growth. While traditional applications in automotive underbody shields and structural brackets remain vital, the industry is rapidly expanding into new frontiers driven by electrification, sustainability mandates, and digital manufacturing.

📈 Key Trends Shaping the Market:

• Electrification Drive: Surging demand for LFRTs in battery enclosures, electric motor components, and charging infrastructure for EVs.

• Sustainability Imperative: Increased focus on bio-based thermoplastics, recycled content, and end-of-life recyclability of composites.

• Process Innovation: Advancements in Direct-LFT (D-LFT) and overmolding technologies for larger, more integrated parts.

• Material Hybridization: Development of hybrid composites combining glass, carbon, and natural fibers for optimized performance and cost.

Get Full Report Here:
Global Long Fiber Reinforced Thermoplastic Material Market – View in Detailed Research Report

The companies listed above are not only supplying materials—they are enablers of innovation, helping industries build lighter, stronger, and more sustainable products for the future.