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 & Competition, 2020-2030F

Market Overview

Global Long Fibre Thermoplastics (LFT) Market was valued at USD 3.76 Billion in 2024 and is expected to reach USD 4.90 Billion by 2030 with a CAGR of 4.72%. Long Fiber Thermoplastics (LFT) are composite materials composed of short or long fibers of both organic and inorganic materials. These fibers serve to enhance the structural components and polymer resins used in various industries. Compared to metals and low-performance plastics, LFT offers numerous benefits, making it an attractive choice for manufacturers. One of the key advantages of LFT is its lightweight nature, which results in products that are lighter overall. This not only contributes to improved fuel economy in the automotive sector but also enhances the performance of vehicles. Additionally, LFT provides greater durability and improved toughness, ensuring longer product shelf life.

Key Market Drivers

Growing Demand of Long Fibre Thermoplastics (LFT) in Automotive Industry

The global automotive manufacturing market was valued at approximately USD 2.86 trillion in 2021 and was projected to reach around USD 2.95 trillion in 2022. Long Fiber Thermoplastics (LFTs) have gained immense popularity in the automotive industry due to their unique properties and numerous advantages. One of the key features that make LFTs stand out is their exceptional strength-to-weight ratio, which allows them to provide high strength while remaining lightweight. This characteristic is highly desirable in the automotive sector as it helps improve fuel efficiency and overall vehicle performance. In addition to their strength, LFTs also exhibit excellent impact resistance, making them ideal for withstanding harsh conditions and ensuring the safety of vehicle occupants. Moreover, LFTs have the remarkable ability to reduce weight without compromising performance or safety, making them an attractive choice for automotive applications.

The versatility of LFTs is another significant advantage. They can be used in a wide range of automotive components, including under-the-hood parts, front-end modules, door modules, and instrument panels. The design flexibility offered by LFTs allows automotive manufacturers to produce complex parts in a more efficient and cost-effective manner. Additionally, the use of LFTs enables a reduction in the number of components needed, leading to cost savings and simplified assembly processes. Furthermore, the importance of LFTs extends beyond traditional vehicles to the electric vehicle (EV) sector. LEHVOSS Group, a global leader in carbon fiber compounds, has developed a next-generation PA-LCF material by combining PA410 with long carbon fibers. This advanced composite offers high strength, thermal stability, and reduced weight—key benefits for electric vehicles. Its superior performance supports improved energy efficiency and extended range, making it ideal for battery housings, structural parts, and under-the-hood applications. With this innovation, LEHVOSS is helping drive the EV industry toward lighter, more efficient, and sustainable solutions. As the demand for EVs continues to rise, lightweight and durable materials like LFTs are becoming increasingly crucial. These materials contribute to the overall weight reduction of EVs, which in turn enhances their range and energy efficiency.

Growing Demand of Long Fibre Thermoplastics (LFT) in Construction Industry

Prior to the onset of the COVID-19 pandemic, global construction industry spending reached nearly USD 12 trillion. Looking ahead, the sector is projected to grow at an annual rate of approximately 3%. This growth encompasses a wide range of projects, including residential and commercial real estate developments, as well as infrastructure and industrial construction activities. Long Fiber Thermoplastics (LFTs) offer numerous benefits that make them an ideal choice for construction applications. Firstly, their high strength-to-weight ratio ensures optimal performance, allowing for the construction of durable structures without adding unnecessary weight. This not only reduces transportation costs but also enhances overall efficiency. Additionally, LFTs exhibit excellent impact resistance, making them capable of withstanding the rigors of construction. Whether it's heavy machinery or external forces, these materials can endure the toughest conditions, ensuring long-lasting performance and safety.

One notable advantage of LFTs in the construction sector is the dominance of the injection molding process. This manufacturing technique allows for the production of complex shapes with high precision, meeting the specific requirements of various construction applications. From intricate architectural components to structural reinforcements, LFTs can be molded into intricate designs, providing versatility and adaptability. As the global construction industry continues to prioritize durable and high-strength materials, the demand for LFTs is expected to rise even further. Their exceptional properties and versatility make them a preferred choice for architects, engineers, and builders alike. With the growing need for sustainable and long-lasting construction solutions, LFTs are well-positioned to play a crucial role in shaping the future of the industry.

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Key Market Challenges

Volatility in Prices of Raw Materials

The rising prices and decreasing supply of raw materials have been predicted, which could potentially hamper the growth of the market. This volatility is often due to factors beyond the control of manufacturers, such as geopolitical tensions, trade wars, and disruptions in supply chains. For instance, the recent international conflicts have disrupted supply chains, leading to a shortage of raw materials and price volatility. This situation not only increases the production cost but also puts pressure on manufacturers to adjust their pricing strategies, which can affect their competitive positioning in the market. Additionally, the limited availability of raw materials may slow down the growth rate of the LFT (Long Fiber Thermoplastics) market.

This limited availability poses a significant challenge for manufacturers who need to maintain a steady supply of materials to meet the growing demand for LFTs in various industries, including automotive and construction. The shortage of raw materials not only impacts production but also hampers innovation and the development of new products in the market. Manufacturers must navigate these challenges by exploring alternative sources of raw materials, optimizing supply chain management, and developing contingency plans to mitigate potential disruptions. Furthermore, the increasing demand for sustainable and eco-friendly materials further exacerbates the challenges faced by manufacturers in the LFT market. As consumers and regulatory bodies push for greener solutions, manufacturers need to find ways to incorporate recycled and renewable materials into their production processes. This transition requires investment in research and development, as well as collaboration with suppliers and other industry stakeholders.

Key Market Trends

Advancements in Manufacturing Process

The production of LFTs traditionally involves various processes such as pultrusion, D-LFT, and injection molding. However, recent advancements in manufacturing methods have paved the way for even more efficient and cost-effective techniques. These new approaches not only increase production capacity but also enhance the quality of the final product. One such innovative method gaining significant traction in the production of LFT pellets is the hot melt extrusion process. This advanced technique offers several advantages over traditional manufacturing processes. Recent research has resulted in the development of recyclable thermoplastic composites for applications such as wind turbine blades, manufactured using vacuum-assisted thermoforming techniques. These advanced blades have shown the capability to generate power with efficiency levels comparable to those made from conventional materials. It provides enhanced control over fiber length and distribution, resulting in better impregnation of fibers and improved mechanical properties of the final product.

Furthermore, the LFT manufacturing industry is undergoing a revolutionary transformation with the adoption of Industry 4.0 technologies. Automation, machine learning, and artificial intelligence are playing pivotal roles in optimizing operations, improving production efficiency, and reducing waste. This technological integration contributes to the sustainability of the LFT industry. Moreover, the continuous advancements in 3D printing technology are opening up new possibilities for LFT manufacturing. With its ability to produce complex geometries and customized parts, 3D printing is expected to play a crucial role in the future growth of the LFT market.

Segmental Insights

Resin Type Insights

Based on Resin Type, Polypropylene have emerged as the fastest growing segment in the Global Long Fibre Thermoplastics (LFT) Market in 2024.Polypropylene-based thermoplastics, widely regarded for their versatility and adaptability, are extensively utilized across a diverse range of industries, including automotive, textiles, packaging, and construction. Their strong cost-effectiveness especially when compared to higher-priced alternatives such as polyamide and polyether ether ketone has positioned them as a preferred material choice for manufacturers. This economic advantage, combined with favorable mechanical and chemical properties, is driving increased adoption of polypropylene-based thermoplastics, particularly in the automotive and construction sectors, where demand for lightweight, durable, and cost-efficient materials continues to rise.

Application Insights

Based on Application, Automotive have emerged as the fastest growing segment in Global Long Fibre Thermoplastics (LFT) Market during the forecast period. The growing use of fiber-reinforced thermoplastic composites in the automotive industry is driven by their numerous performance advantages. Long fiber thermoplastics (LFTs), in particular, offer a unique combination of high stiffness, superior strength, and lightweight properties. These materials also provide excellent toughness and durability, making them well-suited for demanding automotive applications. LFTs are widely utilized in the production of critical components such as bumper moldings, door modules, instrument panel carriers, seat pans, bumper beams, and front-end modules. Their outstanding mechanical properties, coupled with design flexibility, position them as a preferred material in the automotive sector's ongoing pursuit of innovation, weight reduction, and enhanced fuel efficiency.

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Regional Insights

Based on Region, Asia Pacific have emerged as the dominant region in the Global Long Fibre Thermoplastics (LFT) Market in 2024. The region is well-positioned to lead the market, supported by a strong supply chain infrastructure and an ample availability of raw materials. In addition, the rapid growth in electric vehicle (EV) production is significantly boosting the demand for long-fiber thermoplastics. China, as the world’s largest manufacturer and supplier of EVs, plays a central role in shaping the direction of the industry. According to the International Energy Agency (IEA), China achieved the highest EV sales globally in 2021, with an impressive 3.3 million units sold. This milestone highlights the country’s strategic focus on sustainable mobility and reinforces its position as a major driver in the global EV market.

Recent Developments 

• In February 2025, Polyplastics introduced its new eco-friendly material, PLASTRON® LFT RA627P, offering reduced weight, enhanced rigidity, and superior damping performance. This innovative grade is a composite of polypropylene (PP) resin and cellulose fiber, a renewable biomass material. Characterized by its low density and high specific rigidity, PLASTRON LFT RA627P also exhibits exceptional damping capabilities, attributed to its high loss coefficient. These features make it particularly well-suited for applications such as speaker diaphragms and industrial component housings that demand effective vibration control. By incorporating PLASTRON LFT RA627P, manufacturers can produce lighter, more sustainable products without compromising on performance, while also achieving improved acoustic and damping characteristics in their designs.
• In June 2025, the University of Sheffield's AMRC launched the UK’s first open-access hybrid fibre-reinforced thermoplastic tape development facility, advancing sustainable composites. Closely aligned with the long fibre thermoplastics (LFT) market, the solution enables efficient production of high-performance materials using long fibre reinforcements. Developed by Cygnet Texkimp, the dual-mode processing line supports both direct melt and slurry-based techniques across various polymers. With advanced creel and fibre spreading technologies, it enhances fibre processing and enables the creation of composite tapes for use in automotive, aerospace, and other industries seeking lightweight, recyclable solutions.
• In 2025, AGY partnered with A+ Composites GmbH to launch a new class of ultra-lightweight, high-performance unidirectional thermoplastic tapes for wrapped and layered composite applications. Featuring AGY’s S2 Glass roving and LM-PAEK or PEI resin systems, the tapes offer excellent strength, stiffness, and impact resistance ideal for aerospace, defense, and industrial use. This development reflects a key advancement in long fibre thermoplastics (LFT), highlighting the increasing integration of continuous fiber reinforcements for enhanced structural performance in lightweight applications.

Key Market Players

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

Report Scope:

In this report, the Global Long Fibre Thermoplastics (LFT) Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Long Fibre Thermoplastics (LFT) Market, By Resin Type:

o   Polypropylene

o   Polybutylene Terephthalate

o   Polyamide

o   Others

• Long Fibre Thermoplastics (LFT) Market, By Application:

o   Automotive

o   Consumer Goods

o   Sporting Goods

o   Industrial Goods

o   Others

• Long Fibre Thermoplastics (LFT) Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Long Fibre Thermoplastics (LFT) Market.

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Global Long Fibre Thermoplastics (LFT) Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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