Glass Fiber Reinforced Plastics (GFRP) Composites Market Forecasts to 2030 – Global Analysis By Type (General-Purpose Glass Fibers and Special-Purpose Glass Fibers), Resin Type, Form, Manufacturing Process, Application and By Geography

Glass Fiber Reinforced Plastics (GFRP) Composites Market Forecasts to 2030 – Global Analysis By Type (General-Purpose Glass Fibers and Special-Purpose Glass Fibers), Resin Type, Form, Manufacturing Process, Application and By Geography


According to Stratistics MRC, the Global Glass Fiber Reinforced Plastics (GFRP) Composites Market is accounted for $20.01 billion in 2024 and is expected to reach $35.67 billion by 2030 growing at a CAGR of 8.5% during the forecast period. Glass Fiber Reinforced Plastics (GFRP) composites are materials composed of a polymer matrix reinforced with glass fibers. These fibers, typically made from strands of glass filaments, impart strength, stiffness, and durability to the composite material. GFRP composites are known for their high strength-to-weight ratio, corrosion resistance, and electrical insulation properties. GFRP composites are engineered to enhance specific performance characteristics, making them versatile solutions.

According to the Vision 2030 economic-transformation plan, the Saudi Arabian government has initiated numerous infrastructure projects. These projects majorly cover projects related to power, water, hydrocarbons, construction, road, rail, seaport, and airport sectors.

Market Dynamics:

Driver:

Escalating demand for lightweight materials in electric vehicles

GFRP composites offer high strength-to-weight ratios, contributing to the overall weight reduction of EVs. This reduction enhances energy efficiency and extends driving range, crucial factors in EV adoption. Additionally, GFRP composites provide corrosion resistance and design flexibility, meeting stringent automotive standards. As automakers continue to focus on sustainability and performance, the use of GFRP composites in EVs is poised to grow, driving market expansion in the automotive sector.

Restraint:

Recycling challenges

Recycling challenges in GFRP composites stem from the complex nature of combining glass fibers with polymer matrices. Separating these materials for recycling is difficult and costly, often requiring specialized techniques that are not widely available. This limitation hampers the market by increasing disposal costs, reducing the material's attractiveness in environmentally conscious industries, and complicating compliance with recycling regulations.

Opportunity:

Growing investments in infrastructure projects worldwide

GFRP composites offer high strength, corrosion resistance, and lightweight characteristics, making them ideal for infrastructure applications such as bridges, tunnels, and buildings. These materials reduce construction time and costs while enhancing durability and sustainability. Governments and private sectors are increasingly opting for GFRP composites to meet stringent regulatory standards and achieve long-term economic benefits, thereby driving significant growth in the global market.

Threat:

Processing complexities

Processing complexities in GFRP composites include precise fiber alignment, resin infusion, and curing parameters, requiring specialized equipment and skilled labour. These complexities increase production costs and time, limiting mass adoption in cost-sensitive markets like automotive and consumer goods. Moreover, variability in quality due to process intricacies can affect reliability and performance consistency, hampering market growth as industries seek reliable, efficient manufacturing solutions.

Covid-19 Impact

The covid-19 pandemic significantly impacted the glass fiber reinforced plastics (GFRP) composites market. Supply chain disruptions, reduced industrial activities, and decreased construction projects stalled demand. However, the market also saw resilience due to the material's properties like corrosion resistance and lightweight advantages, which are valuable in healthcare and essential infrastructure. As industries recover and prioritize sustainability, GFRP composites are expected to rebound with renewed growth prospects.

The rolls segment is expected to be the largest during the forecast period

The rolls segment is estimated to have a lucrative growth. Glass fiber reinforced plastics (GFRP) composites in roll form are versatile materials known for their high strength-to-weight ratio and durability. These rolls are used in various industries, including construction, automotive, and aerospace, for reinforcement purposes. They offer excellent resistance to corrosion and environmental factors, making them ideal for applications requiring long-lasting and reliable performance. Easy to handle and install, GFRP rolls enhance structural integrity and longevity.

The construction segment is expected to have the highest CAGR during the forecast period

The construction segment is anticipated to witness the fastest CAGR growth during the forecast period. GFRP composites are extensively used in construction due to their high strength, lightweight, and corrosion resistance. They are employed in reinforcing concrete structures, bridges, and buildings, offering durability and reduced maintenance costs. GFRP composites enhance structural performance, provide design flexibility, and improve the lifespan of construction projects. Their non-conductive properties also make them suitable for use in environments where electromagnetic transparency is required.

Region with largest share:

The Asia-Pacific region is a key hub for the glass fiber reinforced plastics (GFRP) composites market, driven by rapid industrialization and infrastructure development. Countries like China, Japan, India, and South Korea are major contributors, leveraging GFRP composites in automotive, construction, aerospace, and electrical industries. The region benefits from increasing urbanization, government investments in infrastructure, and growing demand for lightweight and durable materials. Overall, innovations in material technologies, positions Asia-Pacific as a pivotal region in the global GFRP composites industry.

Region with highest CAGR:

In North America, the Glass Fiber Reinforced Plastics (GFRP) Composites market is robust, driven by diverse applications across industries such as automotive, aerospace, marine, and construction. The region benefits from advanced manufacturing capabilities, strong research and development investments, and stringent regulatory standards favouring lightweight and sustainable materials. Overall, North America remains a significant market for GFRP composites with opportunities for growth in innovative applications.

Key players in the market

Some of the key players profiled in the Glass Fiber Reinforced Plastics (GFRP) Composites Market include Asahi Fiberglass Corporation, Lanxess AG, Nippon Electric Glass Corporation, PPG Industries, Taishan Fiberglass Inc., Saint-Gobain Vetrotex, Johns Manville, Jushi Group, AGY Holding Corporation, Bedford Reinforced Plastics, 3B-the Fibreglass Company, Nitto Boseki Corporation, Binani Industries Limited, Sichuan Weibo New Material Group, Owens Corning Limited and Chongqing Polycomp International Corporation (CPIC).

Key Developments:

In October 2021, LANXESS launched sustainable high-performance plastic under the name Durethan BLUEBKV60H2.0EF. In the easy-flowing compound, 92 percent of the raw materials are replaced by sustainable alternatives. This is a top value among glass-fiber-reinforced plastics.

In April 2021, Bedford Reinforced Plastics, a full-service supplier offering an extensive line of fiberglass-reinforced plastic (FRP) products and services, announced the launch of ReadySeries, a quick-ship, easy-to-install modular solution to meet access and safety structure needs. ReadySeries is said to be the first modular system of this magnitude made of FRP.

Types Covered:
• General-Purpose Glass Fibers
• Special-Purpose Glass Fibers

Resin Types Covered:
• Polyester Resin
• Epoxy Resin
• Vinyl Ester Resin
• Polyurethane Resin
• Phenolic Resin
• Acrylic Resin
• Cyanate Ester Resin
• Other Resin Types

Forms Covered:
• Panel
• Powder
• Rebar
• Rolls
• Sheet
• Other Forms

Manufacturing Processes Covered:
• Compression Molding
• Injection Molding
• Pultrusion
• Filament Winding
• Resin Transfer Molding (RTM)
• Other Manufacturing Processes

Applications Covered:
• Automotive
• Aerospace
• Construction
• Wind Energy
• Marine
• Electrical & Electronics
• Sports & Leisure
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
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2.5.2 Secondary Research Sources
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2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market, By Type
5.1 Introduction
5.2 General-Purpose Glass Fibers
5.3 Special-Purpose Glass Fibers
6 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market, By Resin Type
6.1 Introduction
6.2 Polyester Resin
6.3 Epoxy Resin
6.4 Vinyl Ester Resin
6.5 Polyurethane Resin
6.6 Phenolic Resin
6.7 Acrylic Resin
6.8 Cyanate Ester Resin
6.9 Other Resin Types
7 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market, By Form
7.1 Introduction
7.2 Panel
7.3 Powder
7.4 Rebar
7.5 Rolls
7.6 Sheet
7.7 Other Forms
8 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market, By Manufacturing Process
8.1 Introduction
8.2 Compression Molding
8.3 Injection Molding
8.4 Pultrusion
8.5 Filament Winding
8.6 Resin Transfer Molding (RTM)
8.7 Other Manufacturing Processes
>
9 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market, By Application
9.1 Introduction
9.2 Automotive
9.3 Aerospace
9.4 Construction
9.5 Wind Energy
9.6 Marine
9.7 Electrical & Electronics
9.8 Sports & Leisure
9.9 Other Applications
10 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
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10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
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11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Asahi Fiberglass Corporation
12.2 Lanxess AG
12.3 Nippon Electric Glass Corporation
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12.4 PPG Industries
12.5 Taishan Fiberglass Inc.
12.6 Saint-Gobain Vetrotex
12.7 Johns Manville
12.8 Jushi Group
12.9 AGY Holding Corporation
12.10 Bedford Reinforced Plastics
12.11 3B-the Fibreglass Company
12.12 Nitto Boseki Corporation
12.13 Binani Industries Limited
12.14 Sichuan Weibo New Material Group
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12.15 Owens Corning Limited
12.16 Chongqing Polycomp International Corporation (CPIC)
List of Tables
Table 1 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Region (2022-2030) ($MN)
Table 2 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Type (2022-2030) ($MN)
Table 3 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By General-Purpose Glass Fibers (2022-2030) ($MN)
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Table 4 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Special-Purpose Glass Fibers (2022-2030) ($MN)
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Table 5 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Resin Type (2022-2030) ($MN)
Table 6 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Polyester Resin (2022-2030) ($MN)
Table 7 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Epoxy Resin (2022-2030) ($MN)
Table 8 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Vinyl Ester Resin (2022-2030) ($MN)
Table 9 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Polyurethane Resin (2022-2030) ($MN)
Table 10 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Phenolic Resin (2022-2030) ($MN)
Table 11 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Acrylic Resin (2022-2030) ($MN)
Table 12 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Cyanate Ester Resin (2022-2030) ($MN)
Table 13 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Other Resin Types (2022-2030) ($MN)
Table 14 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Form (2022-2030) ($MN)
Table 15 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Panel (2022-2030) ($MN)
Table 16 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Powder (2022-2030) ($MN)
Table 17 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Rebar (2022-2030) ($MN)
Table 18 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Rolls (2022-2030) ($MN)
Table 19 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Sheet (2022-2030) ($MN)
Table 20 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Other Forms (2022-2030) ($MN)
Table 21 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Manufacturing Process (2022-2030) ($MN)
Table 22 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Compression Molding (2022-2030) ($MN)
Table 23 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Injection Molding (2022-2030) ($MN)
Table 24 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Pultrusion (2022-2030) ($MN)
Table 25 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Filament Winding (2022-2030) ($MN)
Table 26 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Resin Transfer Molding (RTM) (2022-2030) ($MN)
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Table 27 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Other Manufacturing Processes (2022-2030) ($MN)
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Table 28 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Application (2022-2030) ($MN)
Table 29 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Automotive (2022-2030) ($MN)
Table 30 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Aerospace (2022-2030) ($MN)
Table 31 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Construction (2022-2030) ($MN)
Table 32 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Wind Energy (2022-2030) ($MN)
Table 33 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Marine (2022-2030) ($MN)
Table 34 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Electrical & Electronics (2022-2030) ($MN)
Table 35 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Sports & Leisure (2022-2030) ($MN)
Table 36 Global Glass Fiber Reinforced Plastics (GFRP) Composites Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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