How big is the fiber reinforced plastic market | Stats & Insights 2025

Q: What is the overall size of the fiber reinforced plastic market?

The fiber reinforced plastic market is expected to reach USD 28.1 Billion by 2031.

Q: Which industries are the top users of fiber reinforced plastics?

Key industries include automotive, aerospace, construction, wind energy, oil & gas, and marine applications.

Q: What are the primary types of fiber used in reinforced plastics?

The most common fibers include glass fiber, carbon fiber, and aramid fiber, each offering distinct mechanical and cost advantages.

Q: What makes fiber reinforced plastic a preferred material in manufacturing?

It provides superior strength, light weight, corrosion resistance, and design flexibility compared to metals and conventional plastics.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA6268

Publication Date: Jul 2025

How big is the fiber reinforced plastic market?

According to 6Wresearch internal database and industry insights, the fiber reinforced plastic market was valued at USD 18.4 Billion in 2024 and is expected to reach USD 28.1 Billion by 2031, growing at a compound annual growth rate of 6.20% during the forecast period.

Due to its high strength-to-weight ratio and resistance to corrosion, the market is being driven by growing demand from the automotive, aerospace, construction, and renewable energy sectors. Overall market growth is being aided by the growing number of wind energy installations, regulatory pressure to increase fuel efficiency, and the preference for lightweight materials.

Key Growth Factors of the Fiber Reinforced Plastic Market

Growing usage of lightweight materials in aerospace and automotive
Infrastructure demand for materials resistant to corrosion
expansion of solar panel components and wind energy
Superior strength-to-weight ratio compared to conventional materials
Increased use in the oil and gas and marine industries
Growth in prefabricated and modular building options

Fiber Reinforced Plastic Market Trends

There is a shift toward bio-based and recyclable fiber composites for sustainability in the fiber reinforced plastic market. Glass, carbon, and aramid fibres are being combined to create hybrid fiber-reinforced polymer composites. For increased productivity and product consistency, manufacturers are incorporating automated manufacturing techniques like pultrusion and resin transfer moulding.

Emerging Developments in the Fiber Reinforced Plastic Market

Emerging developments in the fiber reinforced plastic market include thermoplastic FRP composites offering recyclability and impact resistance. The use of FRP materials in 3D printing is becoming more popular. Research is being done on smart FRP composites with embedded sensors for tracking the health of the structure. Additionally, FRPs that are electrically conductive and fire resistant are being developed.