Market Report · July 31, 2026
Report Feature
Long Glass Fiber Reinforced Thermoplastics (LFTs) are becoming the material of choice for automotive engineers designing high-impact and structural parts. Compared to metals and GMTs, LFTs have higher strength-to-weight ratios and impact resistance, offer greater design flexibility, and better resistance to chemicals and corrosion. The future of the LFT market looks great to the year 2013 and beyond. In terms of volume shipment during the next six years (2008–2013), the global LFT market is expected to grow at an estimated 12.2% (CAGR). According to Lucintel’s new report “Global LFT Market 2008–2013: Trend, Forecast, and Opportunity Analysis”, global LFT materials market to reach $1100 million in 2013. LFT consumption in automotive applications such as door modules, front end modules, instrument panels, running boards, and underbody shields are forecast to grow at more than 10% CAGR during the next 6 years.
Low cost producers will win most of the volume growth. This is inevitable with production overcapacity, high growth rates, automotive volume influence and savvy negotiations by buyers with knowledge of the benefits of LFT. Niche suppliers will seek margins in product differentiation. LFT suppliers are opening up manufacturing plants in high growth markets – China, Korea. For example, Ticona and RTP recently started domestic productions of LFT materials in China and SABIC opened up a plant in Korea. D-LFT growth will depend on
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Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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