Fiber-reinforced plastics Market Size, Share, and Outlook, 2025 Report- By Raw Material (Polyacrylonitrile (Pan-Based) Carbon Fibers, Pitch-Based Carbon Fiber, Rayon-Based Carbon Fiber), By Resin (Thermosetting CFRP, Thermoplastic CFRP), By Manufacturing

Fiber-reinforced plastics Market Outlook

Fiber-reinforced plastics Market Size is forecast to reach $191.3 Billion in 2032 from $131.8 Billion in 2025, at an optimistic growth rate of 5.4% from 2025 to 2032. The robust Fiber-reinforced plastics Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Fiber-reinforced plastics Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Raw Material (Polyacrylonitrile (Pan-Based) Carbon Fibers, Pitch-Based Carbon Fiber, Rayon-Based Carbon Fiber), By Resin (Thermosetting CFRP, Thermoplastic CFRP), By Manufacturing Process (Lay Up Process, Resin Transfer Molding Process, Compression Molding Process, Injection Molding Process, Filament Winding Process, Others), By Application (Wind Energy, Automotive, Aerospace & Defense, Civil Engineering, Marine, Others). Over 70 tables and charts showcase findings from our latest survey report on Fiber-reinforced plastics Markets.

Fiber-reinforced plastics Market Insights, 2025:

Fiber Reinforced Plastics (FRPs) – Key Drivers and Opportunities

Fiber reinforced plastics (FRPs) are composite materials made from a polymer matrix reinforced with fibers, such as glass fibers, carbon fibers, or aramid fibers. These materials are commonly used in industries such as automotive, aerospace, marine, construction, and renewable energy due to their high strength, lightweight nature, and versatility.

Key drivers for the fiber reinforced plastics market include the growing demand for lightweight materials that improve the efficiency of vehicles and aircraft, particularly in the automotive and aerospace sectors. The increased adoption of electric vehicles (EVs) and the need to improve fuel efficiency are driving the demand for FRPs. Additionally, the emphasis on sustainable materials is pushing the adoption of FRPs, as they can offer improved durability and reduced maintenance compared to traditional materials. The growing demand for high-performance materials in industries like marine and wind energy, where FRPs are used for boat hulls, wind turbine blades, and other structures, is also contributing to the growth of the market.

Opportunities in the fiber reinforced plastics market include innovations in recycling technologies for FRPs, such as developing methods to recycle composite waste and use it in the production of new products. The use of bio-based resins and natural fibers for producing more sustainable FRPs is gaining traction in response to environmental concerns. Furthermore, the rise of additive manufacturing (3D printing) and customized solutions in automotive and aerospace applications offers new growth prospects for FRP materials, enabling the production of complex, lightweight components with reduced waste.

Five Trends that will define global Fiber-reinforced plastics Market in 2025 and Beyond

A closer look at the multi-million global market for Fiber-reinforced plastics Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Fiber-reinforced plastics Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Fiber-reinforced plastics Industry?

The Fiber-reinforced plastics Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Fiber-reinforced plastics Market Segment Insights

The Fiber-reinforced plastics Industry presents strong offers across categories. The analytical report offers forecasts of Fiber-reinforced plastics Industry performance across segments and countries. Key segments in the industry include- By Raw Material (Polyacrylonitrile (Pan-Based) Carbon Fibers, Pitch-Based Carbon Fiber, Rayon-Based Carbon Fiber), By Resin (Thermosetting CFRP, Thermoplastic CFRP), By Manufacturing Process (Lay Up Process, Resin Transfer Molding Process, Compression Molding Process, Injection Molding Process, Filament Winding Process, Others), By Application (Wind Energy, Automotive, Aerospace & Defense, Civil Engineering, Marine, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Fiber-reinforced plastics Market size outlook is provided for 22 countries across these regions.

Fiber-reinforced plastics Industry Value Chain

The chapter identifies potential companies and their operations across the global Fiber-reinforced plastics Industry ecosystem. It assists decision-makers in evaluating global Fiber-reinforced plastics Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Fiber-reinforced plastics Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Fiber-reinforced plastics Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Fiber-reinforced plastics Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Fiber-reinforced plastics Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Fiber-reinforced plastics Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Fiber-reinforced plastics Market Insights- Executives are most excited about opportunities for the US Fiber-reinforced plastics Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Fiber-reinforced plastics Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Fiber-reinforced plastics Market.

Latin American Fiber-reinforced plastics Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Fiber-reinforced plastics Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Fiber-reinforced plastics Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Fiber-reinforced plastics Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Fiber-reinforced plastics Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Formosa Plastics Corp, Hexcel Corp, Mitsubishi Rayon Co. Ltd, SGL-Group, Teijin Ltd, Toray Industries Inc.

Fiber-reinforced plastics Market Scope and Segmentation

By Raw Material

Polyacrylonitrile (Pan-Based) Carbon Fibers

Pitch-Based Carbon Fiber

Rayon-Based Carbon Fiber

By Resin

Thermosetting CFRP

Thermoplastic CFRP

By Manufacturing Process

Lay Up Process

Resin Transfer Molding Process

Compression Molding Process

Injection Molding Process

Filament Winding Process

Others

By Application

Wind Energy

Automotive

Aerospace & Defense

Civil Engineering

Marine

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Fiber-reinforced plastics Market Research-

Formosa Plastics Corp

Hexcel Corp

Mitsubishi Rayon Co. Ltd

SGL-Group

Teijin Ltd

Toray Industries Inc

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
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• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
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