Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market Growth 2025-2031

Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market Growth 2025-2031

The global Glass Fiber Reinforced Plastic (GFRP) Composite Material market size is predicted to grow from US$ 32770 million in 2025 to US$ 40420 million in 2031; it is expected to grow at a CAGR of 3.6% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Glass Fiber Reinforced Plastic (GFRP) Composite Material Industry Forecast” looks at past sales and reviews total world Glass Fiber Reinforced Plastic (GFRP) Composite Material sales in 2024, providing a comprehensive analysis by region and market sector of projected Glass Fiber Reinforced Plastic (GFRP) Composite Material sales for 2025 through 2031. With Glass Fiber Reinforced Plastic (GFRP) Composite Material sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Glass Fiber Reinforced Plastic (GFRP) Composite Material industry.

This Insight Report provides a comprehensive analysis of the global Glass Fiber Reinforced Plastic (GFRP) Composite Material landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Glass Fiber Reinforced Plastic (GFRP) Composite Material portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Glass Fiber Reinforced Plastic (GFRP) Composite Material market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Glass Fiber Reinforced Plastic (GFRP) Composite Material and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Glass Fiber Reinforced Plastic (GFRP) Composite Material.

This report presents a comprehensive overview, market shares, and growth opportunities of Glass Fiber Reinforced Plastic (GFRP) Composite Material market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Thermosetting Plastic Products
Thermoplastic Plastic Products

Segmentation by Application:
Transport
Electro & Electronics
Construction
Sport & Leisure
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
BASF
Lanxess
DSM
SABIC
Avient
DuPont
Solvay
Celanese
RTP
Evonik
Daicel
Kolon
Denka
Kingfa
Jiangsu Jiuding New Material

Key Questions Addressed in this Report

What is the 10-year outlook for the global Glass Fiber Reinforced Plastic (GFRP) Composite Material market?

What factors are driving Glass Fiber Reinforced Plastic (GFRP) Composite Material market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Glass Fiber Reinforced Plastic (GFRP) Composite Material market opportunities vary by end market size?

How does Glass Fiber Reinforced Plastic (GFRP) Composite Material break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.