Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Type (Epoxy, Polyester, Vinyl Ester, Polyurethane, Others), By Method (Moulding Method, Pultrusion Method, Layup, Others), By Application (Pipes and Tanks, Wind Power Turbines, Storage Containers, Roofs, Floor Gratings, Steps and Stairs, Switch Actuators, Others), By End-Use (Building and Construction, Transportation, Electrical and Electronics, Oil and Gas, Mining, Water and Wastewater, Others) And Competitive Landscape
Product Code: ETC393615 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
According to industry insights, the Asia Pacific Glass Reinforced Plastic Market is projected to grow at a CAGR of 8.5% from 2025–2031. Asia Pacific Glass Reinforced Plastic Market was valued at approximately USD 5.2 billion in 2024 and is expected to reach around USD 9.8 billion by 2031.
Report Name | Asia Pacific Glass Reinforced Plastic Market |
Forecast Period | 2025-2031 |
CAGR | 8.5% |
Market Size | USD 9.8 billion by 2031 |
Growing Sector | Composites and Advanced Materials |
The Asia Pacific Glass Reinforced Plastic Market report thoroughly covers the market by countries, by type, by method, by application and by end-use. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Market growth in the Asia Pacific Glass Reinforced Plastic Market is expected to be strong due to the increased demand for lightweight, durable and cost-effective items in industries such as automotive, construction and aerospace. GRP has a high strength to weight ratio and is corrosion resistant. Urbanisation and the far-reaching infrastructure development in the Asia Pacific further support the uptake of GRP. Sustainability and longevity of products further sustain the diverse applications of GRP in the Asia Pacific.
Asia Pacific Glass Reinforced Plastic Market is expected to grow at a significant CAGR of 8.5% during the forecast period 2025-2031. The Asia Pacific Glass Reinforced Plastic (GRP) market has been driven by industrialization, rising awareness of lightweight and durable materials, and government initiatives that promote sustainability. Additionally, growing infrastructure projects and investments in renewable energy, especially wind energy, further drive GRP usage. Developments in manufacturing technologies and a focus on more cost-effective production are accelerating its growth. The region’s booming GRP demand is attributed to the push for sustainable materials in automotive, construction, and aerospace applications, boosting Asia Pacific Glass Reinforced Plastic Market Growth significantly.
The Asia Pacific Glass Reinforced Plastic Market is facing challenges due to rising raw material costs, environmental concerns associated with the production and disposal of composite materials, and a shortage of skilled labour and technical expertise in certain developing economies, which hinders market progress. These factors are driving the need for innovation in production methods, recycling technologies, and policy development to foster a more sustainable GRP market.
The Asia Pacific Glass Reinforced Plastic Industry is detouring trends such as the adoption of advanced manufacturing technologies such as automated fiber placement and robotic assembly processes. Industries are risingly embracing GRP due to its high performance in low weight applications and corrosion resistance. Due to, the increase in renewable energy infrastructure, such as wind turbines, creates greater demand for GRP, because it is widely used for the blades and structural components of clean energy systems.
There are various investment opportunities in the Asia Pacific Glass Reinforced Plastic Market, with wind energy, automotive, and construction sectors leading the way. Rising environmental concerns and regulations have caused industries to invest in sustainable materials, such as GRP. Major markets for investors include China, India, and Southeast Asia, which are experiencing rapid economic growth, and greater adoption of advanced material technologies.
Leading players in the Asia Pacific GRP market include Owens Corning, Jushi Group, and Nippon Electric Glass. These companies focus on innovative product development, strategic partnerships, and expanding their footprint in emerging markets. Their continuous investment in research and development ensures the introduction of advanced, high-performance GRP products that meet evolving industry standards.
Governments across the Asia Pacific region have introduced regulations to promote sustainable production and utilization of GRP materials. Policies encouraging the adoption of lightweight and recyclable materials in industries like automotive and construction are driving GRP market growth. Additionally, environmental guidelines emphasizing the reduction of carbon emissions act as catalysts for innovation in eco-friendly GRP solutions. Continuous governmental support through subsidies and incentives further accelerates the development and adoption of sustainable GRP technologies.
The Asia Pacific GRP market is poised for substantial growth, driven by technological advancements and increasing demand for eco-friendly materials in key industries. The market is expected to witness significant innovation in manufacturing processes and material composition to meet sustainability goals. Asia Pacific Glass Reinforced Plastic Market Share expansion will be supported by government initiatives and private investments in infrastructure and renewable energy projects, further bolstering the adoption of GRP in the region and ensuring a vibrant and competitive market.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ritika Kalra, Senior Research Analyst at 6Wresearch, China dominates the Asia Pacific Glass Reinforced Plastic Market due to its extensive industrial base, rapid urbanization, and large-scale infrastructure projects. Its strong manufacturing capabilities and government support further boost demand for GRP products. Additionally, ongoing initiatives to promote sustainable construction materials position China as a key growth driver in the region.
The Polyester segment leads the market, favored for its cost-effectiveness, durability, and wide application across various industries such as construction and automotive. Its excellent mechanical properties and resistance to chemical corrosion make it a preferred choice among manufacturers.
The Moulding Method holds the largest market share, attributed to its versatility, efficiency, and ability to produce complex GRP shapes used in diverse applications. Continuous advancements in moulding technologies further enhance product quality and production speed.
Pipes and Tanks dominate the application segment, driven by GRP’s corrosion resistance and lightweight properties that make it ideal for fluid storage and transport. The growing demand from oil and gas, water treatment, and chemical industries further fuels this segment’s growth.
Building and Construction is the leading end-use sector, propelled by increasing infrastructure development and demand for sustainable, durable materials in the region. Government policies promoting green buildings and energy-efficient construction are expected to boost GRP adoption in this sector.
The market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Glass Reinforced Plastic Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Glass Reinforced Plastic Market Revenues & Volume, 2021 & 2031F |
3.3 Asia Pacific Glass Reinforced Plastic Market - Industry Life Cycle |
3.4 Asia Pacific Glass Reinforced Plastic Market - Porter's Five Forces |
3.5 Asia Pacific Glass Reinforced Plastic Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Asia Pacific Glass Reinforced Plastic Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Asia Pacific Glass Reinforced Plastic Market Revenues & Volume Share, By Method, 2021 & 2031F |
3.8 Asia Pacific Glass Reinforced Plastic Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Asia Pacific Glass Reinforced Plastic Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Asia Pacific Glass Reinforced Plastic Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Glass Reinforced Plastic Market Trends |
6 Asia Pacific Glass Reinforced Plastic Market, 2021-2031 |
6.1 Asia Pacific Glass Reinforced Plastic Market, Revenues & Volume, By Type, 2021-2031 |
6.2 Asia Pacific Glass Reinforced Plastic Market, Revenues & Volume, By Method, 2021-2031 |
6.3 Asia Pacific Glass Reinforced Plastic Market, Revenues & Volume, By Application, 2021-2031 |
6.4 Asia Pacific Glass Reinforced Plastic Market, Revenues & Volume, By End-Use, 2021-2031 |
7 China Glass Reinforced Plastic Market, 2021-2031 |
7.1 China Glass Reinforced Plastic Market, Revenues & Volume, By Type, 2021-2031 |
7.2 China Glass Reinforced Plastic Market, Revenues & Volume, By Method, 2021-2031 |
7.3 China Glass Reinforced Plastic Market, Revenues & Volume, By Application, 2021-2031 |
7.4 China Glass Reinforced Plastic Market, Revenues & Volume, By End-Use, 2021-2031 |
8 India Glass Reinforced Plastic Market, 2021-2031 |
8.1 India Glass Reinforced Plastic Market, Revenues & Volume, By Type, 2021-2031 |
8.2 India Glass Reinforced Plastic Market, Revenues & Volume, By Method, 2021-2031 |
8.3 India Glass Reinforced Plastic Market, Revenues & Volume, By Application, 2021-2031 |
8.4 India Glass Reinforced Plastic Market, Revenues & Volume, By End-Use, 2021-2031 |
9 Japan Glass Reinforced Plastic Market, 2021-2031 |
9.1 Japan Glass Reinforced Plastic Market, Revenues & Volume, By Type, 2021-2031 |
9.2 Japan Glass Reinforced Plastic Market, Revenues & Volume, By Method, 2021-2031 |
9.3 Japan Glass Reinforced Plastic Market, Revenues & Volume, By Application, 2021-2031 |
9.4 Japan Glass Reinforced Plastic Market, Revenues & Volume, By End-Use, 2021-2031 |
10 Australia Glass Reinforced Plastic Market, 2021-2031 |
10.1 Australia Glass Reinforced Plastic Market, Revenues & Volume, By Type, 2021-2031 |
10.2 Australia Glass Reinforced Plastic Market, Revenues & Volume, By Method, 2021-2031 |
10.3 Australia Glass Reinforced Plastic Market, Revenues & Volume, By Application, 2021-2031 |
10.4 Australia Glass Reinforced Plastic Market, Revenues & Volume, By End-Use, 2021-2031 |
11 Indonesia Glass Reinforced Plastic Market, 2021-2031 |
11.1 Indonesia Glass Reinforced Plastic Market, Revenues & Volume, By Type, 2021-2031 |
11.2 Indonesia Glass Reinforced Plastic Market, Revenues & Volume, By Method, 2021-2031 |
11.3 Indonesia Glass Reinforced Plastic Market, Revenues & Volume, By Application, 2021-2031 |
11.4 Indonesia Glass Reinforced Plastic Market, Revenues & Volume, By End-Use, 2021-2031 |
12 Philippines Glass Reinforced Plastic Market, 2021-2031 |
12.1 Philippines Glass Reinforced Plastic Market, Revenues & Volume, By Type, 2021-2031 |
12.2 Philippines Glass Reinforced Plastic Market, Revenues & Volume, By Method, 2021-2031 |
12.3 Philippines Glass Reinforced Plastic Market, Revenues & Volume, By Application, 2021-2031 |
12.4 Philippines Glass Reinforced Plastic Market, Revenues & Volume, By End-Use, 2021-2031 |
13 Malaysia Glass Reinforced Plastic Market, 2021-2031 |
13.1 Malaysia Glass Reinforced Plastic Market, Revenues & Volume, By Type, 2021-2031 |
13.2 Malaysia Glass Reinforced Plastic Market, Revenues & Volume, By Method, 2021-2031 |
13.3 Malaysia Glass Reinforced Plastic Market, Revenues & Volume, By Application, 2021-2031 |
13.4 Malaysia Glass Reinforced Plastic Market, Revenues & Volume, By End-Use, 2021-2031 |
14 Rest of Asia Glass Reinforced Plastic Market, 2021-2031 |
14.1 Rest of Asia Glass Reinforced Plastic Market, Revenues & Volume, By Type, 2021-2031 |
14.2 Rest of Asia Glass Reinforced Plastic Market, Revenues & Volume, By Method, 2021-2031 |
14.3 Rest of Asia Glass Reinforced Plastic Market, Revenues & Volume, By Application, 2021-2031 |
14.4 Rest of Asia Glass Reinforced Plastic Market, Revenues & Volume, By End-Use, 2021-2031 |
11 Asia Pacific Glass Reinforced Plastic Market Key Performance Indicators |
12 Asia Pacific Glass Reinforced Plastic Market - Opportunity Assessment |
12.1 Asia Pacific Glass Reinforced Plastic Market Opportunity Assessment, By Countries, 2021 & 2031F |
12.2 Asia Pacific Glass Reinforced Plastic Market Opportunity Assessment, By Type, 2021 & 2031F |
12.3 Asia Pacific Glass Reinforced Plastic Market Opportunity Assessment, By Method, 2021 & 2031F |
12.4 Asia Pacific Glass Reinforced Plastic Market Opportunity Assessment, By Application, 2021 & 2031F |
12.5 Asia Pacific Glass Reinforced Plastic Market Opportunity Assessment, By End-Use, 2021 & 2031F |
13 Asia Pacific Glass Reinforced Plastic Market - Competitive Landscape |
13.1 Asia Pacific Glass Reinforced Plastic Market Revenue Share, By Companies, 2024 |
13.2 Asia Pacific Glass Reinforced Plastic Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |