Long Fiber Thermoplastics Market Set for Strong Growth to USD 8.7 Billion by 2031, Led by Asia Pacific's Over 40% Market Share | DataM Intelligence​

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.

This robust growth is driven by rising demand for lightweight, high-strength composites in automotive lightweighting, electric vehicle components, aerospace, and electronics, alongside advancements in injection molding, pultrusion, and sustainable fiber technologies like glass and carbon. Stringent emission regulations, fuel efficiency mandates, and industry shifts toward recyclable thermoplastics further accelerate adoption across end-users including construction and sporting goods.

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United States: Key Industry Developments
✅ February 2025: Biesterfeld and Celanese expanded their partnership to distribute long-fiber-reinforced thermoplastics alongside other engineering polymers, boosting availability for automotive and industrial applications in North America.

✅ January 2025: Polyplastics launched PLASTRON LFT RA627P, a cellulose fiber-reinforced polypropylene resin offering enhanced sustainability and lightweight performance for consumer and packaging sectors.

Europe: Key Industry Developments
✅ February 2025: Biesterfeld and Celanese strengthened their distribution agreement for long-fiber thermoplastics, targeting expanded use in European automotive and electronics manufacturing with recyclable options.

✅ May 2025: AVK released the European Market Report for Fibre-reinforced Plastics, highlighting production trends and growth in long fiber thermoplastics amid a 0.7% eurozone decline, focusing on recovery strategies.

Key Merges and Acquisitions(2025):
✅ Lanxess showcases additives for plastics at K 2025: In October 2025, Lanxess presented various polymer additives, colorants, and pigments for the plastics industry at the K 2025 trade fair in Düsseldorf. While not explicitly mentioning new LFTs, these polymer and additive innovations are directly relevant to improving the performance, safety, and sustainability of reinforced thermoplastics.

✅ OEMs focus on sustainability: As 2025 draws to a close, supply chains for LFTs are responding to increased emphasis on sustainability. This is driving demand for recyclable and bio-based polymers and fibers in the production of LFTs.

✅ Eastman begins commercial production at Kingsport facility (Indirect Impact): In September 2025, Eastman announced the full commercial operation of its molecular recycling facility. While not an LFT plant, this large-scale recycling capacity for hard-to-recycle plastics supports a more circular economy and can provide recycled content for the broader thermoplastics market, including LFTs.

Market Segmentation Analysis:
-By Resin: Polypropylene Leads with Dominant Share
Polypropylene holds the largest market share at 45% as of 2024, favored for its cost-effectiveness, versatility in consumer and automotive applications, and ease in processing for lightweight components.
Polyamide follows at 25%, valued for superior mechanical strength and heat resistance in demanding industrial uses like engine parts.
Polybutylene Terephthalate claims 20%, prized for dimensional stability and electrical properties in electronics; Others account for 10%.

-By Fiber: Glass Fiber Commands Majority
Glass fiber dominates with 70% share, driven by affordability and high strength-to-weight ratio ideal for mass-produced automotive and construction parts.
Carbon fiber takes 20%, premium for aerospace due to exceptional stiffness and lightweight performance.
Others hold 10%, covering niche reinforcements.

-By Manufacturing Process: Injection Molding Prevails
Injection molding leads at 50% share, enabling high-volume production of complex shapes for automotive interiors.
Direct-LFT follows at 25%, streamlining in-line compounding for efficiency.
Pultrusion and Others split 25%, suited for continuous profiles in construction.

-By End-User: Automotive Drives Growth
Automotive captures 40% share, fueled by EV lightweighting for range extension and weight reduction.
Buildings & Construction holds 20%, using LFT for durable, corrosion-resistant structures.
Electrical & Electronics at 15%, Aerospace 10%, Sporting Equipment 10%, and Other 5% follow, with automotive as the leading segment overall.

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Growth Drivers:
-Demand for lightweight materials in automotive and aerospace: Long fiber thermoplastics enable significant weight reduction, improving fuel efficiency and meeting emission standards in vehicles and aircraft.

-Stringent environmental regulations and sustainability focus: These materials support recyclability and lower carbon emissions, aligning with global policies and eco-friendly manufacturing goals.

-Advancements in manufacturing technologies: Innovations like hybrid molding -and polymer science enhance mechanical properties, processing efficiency, and application versatility.

-Growth in infrastructure and construction activities: Rising urbanization drives need for durable, high-strength materials suitable for complex structural components.

-Expansion in electrical, electronics, and other industries: Increasing adoption for high-performance, impact-resistant parts in diverse sectors fuels broader market utilization.

Regional Insights:
-Asia Pacific commands the highest market share in the Long Fiber Thermoplastics market, often cited as exceeding 40% of global revenue in recent assessments, fueled by robust automotive manufacturing, rapid industrialization in countries like China, India, Japan, and South Korea, and demand for lightweight composites in consumer goods and electronics.

-Europe follows closely as the second-largest region, holding the largest share according to some 2025 analyses, driven by stringent automotive regulations promoting lightweight materials, strong aerospace and industrial applications, and projected gains of around 9.5% CAGR through the decade.

-North America ranks third in market share, supported by steady growth at approximately 8.5% CAGR, with key demand from U.S. and Canadian automotive sectors, infrastructure projects, and innovations in electric vehicles and sustainable manufacturing.

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Key Players:
BASF SE | SABIC | Lanxess | Avient Corporation | Solvay SA | Asahi Kasei Corporation | Daicel Corporation | RTP Company | Celanese Corporation | Toray Industries, Inc.

Key Highlights (Top 5 Key Players) for Long Fiber Thermoplastics Market:
-BASF SE leads with innovations like its Ultramid® Advanced LFT series launched in July 2025, targeting structural automotive parts with enhanced stiffness-to-weight ratios and recyclability amid a market valued at USD 4.2 billion in 2023.

-SABIC expanded its portfolio in August 2025 with STAMAXTM long glass fiber-reinforced polypropylene for EV battery enclosures, offering superior impact resistance in a sector projected to reach USD 8.7 billion by 2031.

-Celanese Corporation boosted production in September 2025 at its Kentucky facility to supply lightweight LFT composites for automotive and aerospace, supporting high-strength demand in a market growing at 9.5% CAGR.

-RTP Company introduced a carbon fiber-reinforced LFT compound in May 2025, enhancing thermal conductivity and EMI shielding for electronic housings in the expanding long fiber thermoplastics industry.

-LANXESS maintains a strong position with ongoing LFT developments for high-performance applications, contributing to fragmented competition alongside peers in a market forecasted at over 6% CAGR through 2030.

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