The Global Glass Fiber Thermoplastic Market was valued at USD 8.98 Billion in 2025 and is projected to reach USD 14.53 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period (2024–2034). This growth is being driven by escalating demand for lightweight, high-strength materials across the automotive and aerospace sectors, the expansion of the electrical and electronics industry, and the push for sustainable, recyclable composite solutions.

As industries worldwide intensify their efforts toward fuel efficiency, emission reduction, and circular economy principles, the focus shifts to the material innovators enabling this transformation. In this blog, we profile the Top 10 Companies in the Glass Fiber Thermoplastic Industry—a dynamic mix of global chemical conglomerates and specialized compounders shaping the future of advanced materials.

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🔟 1. SABIC

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

SABIC is a global leader in the chemical industry and a major supplier of glass fiber reinforced thermoplastics. Its portfolio includes a wide range of engineered materials like STAMAX long glass fiber polypropylene, widely used in automotive semi-structural applications for significant weight reduction. The company’s global production footprint and strong R&D capabilities position it as a key partner for OEMs.

Innovation Initiatives:

• Development of high-flow LGF-PP grades for complex automotive parts

• Focus on sustainable solutions, including bio-based and recycled content materials

• Strategic collaborations with automotive and electronics leaders for material co-development

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9️⃣ 2. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Celanese® Nylon (PA), Celanese® POM, Celstran® LFT

Celanese is a leading global producer of engineered materials, offering a comprehensive portfolio of glass fiber reinforced thermoplastics. Its Celstran® long-fiber thermoplastic (LFT) products are renowned for their exceptional strength and impact resistance, making them ideal for demanding applications in automotive, consumer goods, and industrial sectors.

Innovation Initiatives:

• Expansion of LFT and continuous fiber thermoplastic (CFT) capabilities

• Development of high-heat and chemical-resistant polyamide compounds

• Investment in customer-centric application development centers globally

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8️⃣ 3. Avient Corporation

Headquarters: Avon Lake, Ohio, USA
Key Offering: Complet™ LFT Compounds, Edgetek® PPA, Bergamid® PA

Avient specializes in providing specialized and sustainable material solutions. Their expertise in custom-compounding allows them to deliver tailored glass fiber thermoplastic formulations for specific performance requirements. The company is a key player in color and additive masterbatches, enhancing the aesthetic and functional properties of composite parts.

Innovation Initiatives:

• Leadership in sustainable solutions, including re-compounded and bio-based polymers

• Advanced formulations for electric vehicle (EV) components like battery trays

• Global technical support and color matching services

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7️⃣ 4. RTP Company

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

RTP Company is a leading global compounder of high-performance thermoplastic composites. Known for its customer-centric approach, RTP specializes in developing custom glass fiber reinforced compounds that meet precise mechanical, thermal, and electrical specifications for niche applications in aerospace, medical, and industrial markets.

Innovation Initiatives:

• Expertise in compounding high-temperature polymers like PEEK, PPS, and PPA with glass fibers

• Focus on conductive and static-control compounds for electronics

• Rapid prototyping and small-batch production capabilities

Download FREE Sample Report:
Glass Fiber Thermoplastic Market – View in Detailed Research Report

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6️⃣ 5. Daicel Polymer Ltd.

Headquarters: Tokyo, Japan
Key Offering: PLASTAR® (ABS, PC/ABS, PA, PBT)

Daicel Polymer is a significant player in the Asian market, specializing in engineering plastics compounds. The company provides a variety of glass fiber reinforced thermoplastics, including polyamide, PBT, and PPS, catering primarily to the automotive and electrical industries in the Asia-Pacific region with a focus on quality and reliability.

Innovation Initiatives:

• Development of flame-retardant and heat-resistant grades for electronics

• Strengthening its position in the Chinese and Southeast Asian markets

• Investment in advanced compounding technologies for improved fiber-matrix adhesion

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

Headquarters: Guangzhou, China
Key Offering: Modified Plastics (PP, PA, PBT, PPS)

Kingfa is China’s largest and a leading global manufacturer of modified plastics. The company offers an extensive portfolio of glass fiber reinforced thermoplastics and holds a dominant position in the domestic automotive and home appliance markets. Its massive production capacity and competitive pricing make it a formidable force in the global supply chain.

Innovation Initiatives:

• Aggressive capacity expansion for high-performance nylon and PBT compounds

• Strong focus on materials for new energy vehicles (NEVs)

• Vertical integration strategies to control raw material costs

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4️⃣ 7. LyondellBasell Industries

Headquarters: Houston, Texas, USA / Rotterdam, Netherlands
Key Offering: Hostacom® (PP), Hifax® (PP), Compounding Solutions

As one of the world’s largest plastics, chemicals, and refining companies, LyondellBasell is a major supplier of polypropylene and polypropylene compounds. Its Hostacom® glass fiber reinforced PP is widely used in the automotive industry for interior and exterior applications, leveraging its global scale and polymer expertise.

Innovation Initiatives:

• Development of advanced catalyst technologies for superior polymer properties

• Circular economy focus through its Circulen® portfolio of recycled polymers

• Strategic partnerships to enhance its compounding and application development reach

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3️⃣ 8. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: Technyl® (PA), Amodel® (PPA), Ixef® (PARA)

Solvay is a leading supplier of high-performance polymers for the most demanding applications. While renowned for its advanced composites, its portfolio of glass fiber reinforced engineering plastics, such as Technyl® polyamide, is critical for under-the-hood automotive components, electrical systems, and industrial applications requiring high thermal and mechanical performance.

Innovation Initiatives:

• Pioneering high-temperature polyamide and PPA grades for electrification

• Sustainable solutions, including bio-based polyamide (Technyl® eXten)

• Global technical expertise in metal-to-plastic conversion

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2️⃣ 9. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: Novamid® (PA), Iupital® (POM), Tuftex® (PP)

Mitsubishi Chemical Group is a diversified global chemical company with a strong portfolio of advanced materials. Its engineering plastics division offers a wide array of glass fiber reinforced compounds, particularly known for its Novamid® polyamide, which serves automotive, electrical, and consumer electronics markets with high-quality, consistent performance.

Innovation Initiatives:

• Investment in R&D for next-generation bio-based and recyclable engineering plastics

• Expansion of high-functionality compounds for 5G electronics and electric vehicles

• Strengthening its supply chain resilience and global customer support

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1️⃣ 10. BASF SE

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

BASF is the world’s largest chemical producer and a key innovator in glass fiber thermoplastics. Its Ultramid® polyamide and Ultradur® PBT are industry standards, used in millions of automotive, electrical, and consumer applications. The company’s extensive R&D network and global production capabilities ensure a reliable supply of high-performance materials.

Innovation Initiatives:

• Development of specialty grades for e-mobility, such as flame-retardant PBT for charging infrastructure

• Pioneering chemcycling projects to create certified recycled content materials

• Strong focus on sustainability with products like Ultramid® Balanced, a partially bio-based PA

Read Full Report:
Glass Fiber Thermoplastic Market – View in Detailed Research Report

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🌍 Outlook: The Future of Glass Fiber Thermoplastics Is Smarter and More Sustainable

The glass fiber thermoplastic market is undergoing a profound transformation. While conventional materials continue to serve a broad base, the industry is investing heavily in high-performance resins, advanced compounding technologies, and sustainable material pathways.

📈 Key Trends Shaping the Market:

• Accelerated adoption in electric vehicle battery systems and lightweight structures

• Regulatory and consumer pressure driving demand for recyclable and bio-based composites

• Digitalization of material selection, simulation, and manufacturing processes

• Strategic alliances between material suppliers, OEMs, and recyclers to close the loop

Read Full Report:
Glass Fiber Thermoplastic Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials—they are engineering the lightweight, efficient, and sustainable future of global manufacturing.

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