Long Fiber Thermoplastics Market to Reach $8.7 Billion by 2031 at 9.5% CAGR | BASF SE, SABIC, Lanxess

The Global Long Fiber Thermoplastics Market reached US$ 4.2 billion in 2023 and is expected to reach US$ 8.7 billion by 2031, growing with a CAGR of 9.5% during the forecast period 2024-2031.

The Long Fiber Thermoplastics (LFT) Market includes high-strength, lightweight composite materials used in automotive, aerospace, and electronics. LFTs offer superior impact resistance and durability, supporting vehicle lightweighting initiatives. Growth is fueled by electric vehicle production and demand for advanced composites. Innovations in injection molding and continuous fiber technology enhance performance. Sustainability efforts encourage the development of recyclable thermoplastic composites.

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☛ Long Fiber Thermoplastics Market Recent Developments 2025:

United States: Recent Industry Developments

✅ In September 2025, Celanese Corporation announced the expansion of its LFT production line in Florence, Kentucky, to meet rising demand from the automotive and aerospace sectors for lightweight, high-strength composite materials.

✅ In August 2025, SABIC introduced a new long glass fiber-reinforced polypropylene (PP-LGF) under its STAMAXTM brand, designed to deliver superior impact resistance and dimensional stability for EV battery enclosures.

✅ In July 2025, BASF Corporation unveiled its Ultramid® Advanced LFT series tailored for structural automotive parts, offering enhanced stiffness-to-weight ratios and recyclability for sustainable vehicle design.

✅ In May 2025, RTP Company launched a carbon fiber-reinforced LFT compound that improves thermal conductivity and EMI shielding, supporting the next generation of lightweight electronic housings and connectors.

Japan: Recent Industry Developments
✅ In September 2025, Toray Industries, Inc. announced a breakthrough in long carbon fiber thermoplastic (LCFT) composites optimized for high-performance aerospace and hydrogen vehicle applications.

✅ In August 2025, Mitsubishi Chemical Group developed bio-based LFT materials using renewable polyamide resins, aligning with Japan's carbon-neutral manufacturing goals by 2050.

✅ In July 2025, Sumitomo Chemical Co., Ltd. partnered with Toyota Motor Corporation to co-develop LFT polypropylene compounds for lightweight EV components, improving crash performance and energy efficiency.

✅ In June 2025, Teijin Limited expanded its R&D on thermoplastic composites featuring hybrid long glass and carbon fibers, enabling 3D moldability for next-gen mobility and consumer electronics applications.

☛ Long Fiber Thermoplastics Market Competitive Landscape:

BASF SE, SABIC, Lanxess, Avient Corporation, Solvay SA, Asahi Kasei Corporation, Daicel Corporation, RTP Company, Celanese Corporation and Toray Industries, Inc.

Research Methodology

We follow a hybrid research approach, combining qualitative insights with rigorous quantitative analysis to deliver reliable and comprehensive market intelligence. Our process begins with extensive secondary research, drawing on trusted industry reports, proprietary databases, and credible market sources. This is then reinforced through targeted primary research, including structured surveys and in-depth interviews with industry leaders, subject matter experts, and key market participants.

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☛ Segments Covered in the Long Fiber Thermoplastics Market:

By Resin: Polypropylene, Polyamide, Polybutylene Terephthalate, Others.

By Fiber: Glass, Carbon, Others.

By Manufacturing Process: Injection Molding, Pultrusion, Direct-LFT, Others.

By End-User: Automotive, Aerospace, Electrical & Electronics, Buildings & Construction, Sporting Equipment, Other.

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☛ Regional Analysis for Long Fiber Thermoplastics Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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