Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Glass Fiber Reinforced Plastic (GFRP) Composite Material market size was valued at US$ 33270 million in 2024 and is forecast to a readjusted size of USD 42000 million by 2031 with a CAGR of 3.3% during review period.

Glass Fiber Reinforced Plastic (GFRP) composite materials are composed of a polymer matrix reinforced with glass fibers. The fibers provide the composite with exceptional mechanical strength, while the polymer matrix serves as a binder to hold the fibers together and protect them from environmental damage. GFRP composites are widely recognized for their advantageous properties, including high strength-to-weight ratio, corrosion resistance, temperature tolerance, and cost-effectiveness. These materials are also lightweight, making them especially suitable for applications where reduced weight is critical, such as in automotive, aerospace, and construction industries. Furthermore, GFRP composites exhibit excellent thermal insulation properties and a smooth internal surface, which adds to their appeal in industries requiring fluid flow or temperature regulation. Their ability to be easily molded into complex shapes and repaired efficiently increases their versatility and appeal across multiple sectors.

The global market for GFRP composites has seen significant growth, particularly in the Asia-Pacific region, which accounts for about 50% of the total market share. China stands out as the largest producer of GFRP composites, holding approximately 42% of the global production, driven by its expanding automotive, construction, and industrial sectors. North America and Europe follow, with respective market shares of 23% and 15%. Major global players in the GFRP composites industry include BASF, Lanxess, and DSM, though the market remains fragmented, with the top three companies accounting for only 10% of the total share. Despite its many advantages, one key challenge facing the expansion of GFRP composites, particularly in structural applications, is their higher cost compared to metals and alloys. However, the demand for GFRP pipes is expected to rise in regions such as China, Brazil, Mexico, and India, driven by the growth in industries like oil & gas, chemicals, and sewage systems, where the material's resistance to corrosion and temperature makes it an ideal choice. The increasing focus on lightweight, fuel-efficient vehicles further boosts the demand for GFRP in the automotive sector, where its high strength-to-weight ratio offers clear advantages over traditional materials.

This report is a detailed and comprehensive analysis for global Glass Fiber Reinforced Plastic (GFRP) Composite Material market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Glass Fiber Reinforced Plastic (GFRP) Composite Material market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Glass Fiber Reinforced Plastic (GFRP) Composite Material market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Glass Fiber Reinforced Plastic (GFRP) Composite Material market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Glass Fiber Reinforced Plastic (GFRP) Composite Material market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Glass Fiber Reinforced Plastic (GFRP) Composite Material

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Glass Fiber Reinforced Plastic (GFRP) Composite Material market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include BASF, Lanxess, DSM, SABIC, Avient, DuPont, Solvay, Celanese, RTP, Evonik, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Glass Fiber Reinforced Plastic (GFRP) Composite Material market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Thermosetting Plastic Products
Thermoplastic Plastic Products

Market segment by Application
Transport
Electro & Electronics
Construction
Sport & Leisure
Others

Major players covered
BASF
Lanxess
DSM
SABIC
Avient
DuPont
Solvay
Celanese
RTP
Evonik
Daicel
Kolon
Denka
Kingfa
Jiangsu Jiuding New Material

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

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

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Glass Fiber Reinforced Plastic (GFRP) Composite Material product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Glass Fiber Reinforced Plastic (GFRP) Composite Material, with price, sales quantity, revenue, and global market share of Glass Fiber Reinforced Plastic (GFRP) Composite Material from 2020 to 2025.

Chapter 3, the Glass Fiber Reinforced Plastic (GFRP) Composite Material competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Glass Fiber Reinforced Plastic (GFRP) Composite Material breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Glass Fiber Reinforced Plastic (GFRP) Composite Material market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Glass Fiber Reinforced Plastic (GFRP) Composite Material.

Chapter 14 and 15, to describe Glass Fiber Reinforced Plastic (GFRP) Composite Material sales channel, distributors, customers, research findings and conclusion.