Long Fibre Thermoplastics (LFT) Market to Grow with a CAGR of 4.72% through 2030

Surge in research and development activities is expected to drive the Global Long Fibre Thermoplastics (LFT) Market growth in the forecast period, 2026-2030.

According to TechSci Research report, “Long Fibre Thermoplastics (LFT) Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Long Fibre Thermoplastics (LFT) Market stood at USD 3.76 Billion in 2024 and is anticipated to grow with a CAGR of 4.72% through 2030. The initiatives taken by government based on long fibre thermoplastics (LFT) market has led to favorable market conditions for the Global Long Fibre Thermoplastics (LFT) Market. Several factors contribute to the growth of various long fibre thermoplastics (LFT) Market products. 

A notable initiative contributing to market growth is the enhancement of sanitation infrastructure across various regions. Governments are making substantial investments in the development of wastewater management systems, acknowledging the vital role of efficient sanitation solutions. This trend is indirectly boosting the demand for Long Fiber Thermoplastics (LFTs), given their superior mechanical properties. With an outstanding strength-to-weight ratio, high impact resistance, and long-term durability, LFTs are exceptionally well-suited for building resilient and long-lasting wastewater management systems.

In recent years, research and development (R&D) initiatives have been instrumental in advancing the long fiber thermoplastics (LFT) market. These efforts have focused on enhancing the mechanical and thermal performance of LFT materials, identifying innovative application areas, and streamlining manufacturing processes. A key objective has been to further improve strength, heat resistance, and overall durability. Through sustained R\&D investment, manufacturers have succeeded in developing high-performance LFTs, expanding their use in industries such as automotive, aerospace, and construction. These technological advancements have significantly contributed to the market's growth and are expected to drive continued expansion in the years ahead.

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The Global Long Fibre Thermoplastics (LFT) Market is segmented into resin type, application, regional distribution, and company.

Based on Resin Type, Polyamide have emerged as the dominant segment in Global Long Fibre Thermoplastics (LFT) Market in 2024. This is due to its superior balance of mechanical strength, thermal stability, and chemical resistance. These characteristics make it particularly well-suited for demanding applications in industries such as automotive, electrical and electronics, and industrial equipment. In the automotive sector, polyamide-based LFTs are increasingly used as lightweight alternatives to metal components, contributing to vehicle weight reduction and improved fuel efficiency without compromising structural integrity. Additionally, polyamide's excellent processability and compatibility with long glass or carbon fibers further enhance its appeal for high-performance applications.

Based on Region, North America have emerged as the fastest growing region in Global Long Fibre Thermoplastics (LFT) Market in 2024. This is driven by strong demand from key end-use industries such as automotive, aerospace, and industrial manufacturing. The region’s focus on lightweighting strategies to improve fuel efficiency and reduce emissions has accelerated the adoption of LFTs as viable alternatives to traditional metal components. Moreover, the presence of leading automotive OEMs, advanced material manufacturers, and well-established research institutions has fostered continuous innovation and product development in LFT technologies. Favorable government regulations supporting sustainable materials and energy-efficient manufacturing practices have further bolstered market growth.

Major companies operating in Global Long Fibre Thermoplastics (LFT) Market are:

• SABIC
• Solvay SA
• RTP Company
• JNC Corporation
• Avient Corporation
• Celanese Corporation
• LANXESS AG
• Daicel Corporation
• Kingfa SCI. & TECH. CO., LTD.
• Asahi Kasei Corporation

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“Nanotechnology is playing an increasingly influential role in the advancement of the global Long Fibre Thermoplastics (LFT) market by enhancing the performance and functionality of composite materials. By incorporating nanomaterials such as carbon nanotubes, graphene, and nanosilica into LFT formulations, manufacturers are able to significantly improve key properties, including mechanical strength, thermal stability, and barrier resistance. These nanoscale additives contribute to better fiber-matrix adhesion, leading to more uniform stress distribution and increased durability of the final product. In addition, nanotechnology enables the development of multifunctional LFTs with improved electrical conductivity, flame retardancy, and wear resistance, making them suitable for high-performance applications in sectors such as automotive, aerospace, electronics, and industrial equipment”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Long Fibre Thermoplastics (LFT) Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Resin Type (Polypropylene, Polybutylene Terephthalate, Polyamide, Others), By Application (Automotive, Consumer Goods, Sporting Goods, Industrial Goods, Others), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global Long Fibre Thermoplastics (LFT) Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Long Fibre Thermoplastics (LFT) Market.

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