| Product Code: ETC6181713 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Australia`s import trend for glass fiber and GFRP composites indicated a notable growth rate of 21.64% from 2023 to 2024, with a compound annual growth rate (CAGR) of 32.09% from 2020 to 2024. This significant increase can be attributed to a surge in demand for lightweight and durable materials in various industries, reflecting a strong import momentum driven by evolving market needs and technological advancements.
The Australian glass fiber and glass fiber reinforced plastic (GFRP) composites market is experiencing steady growth due to increasing demand from the construction, transportation, and marine sectors. The superior strength-to-weight ratio and corrosion resistance offered by GFRP composites make them ideal for infrastructure projects and lightweight vehicle components. Additionally, the push towards sustainable and long-lasting materials in civil engineering projects is expected to further boost market penetration.
The Australian Glass Fiber and GFRP (Glass Fiber Reinforced Plastic) Composites Market is witnessing a notable uptrend, fueled by rising demand from automotive, construction, and marine industries. Increasing interest in lightweight, corrosion-resistant materials is leading manufacturers to adopt GFRP composites for structural components. The focus on sustainable and energy-efficient building solutions is also encouraging the use of these materials in infrastructure projects, especially in coastal and high-humidity environments.
The glass fiber and GFRP (glass fiber reinforced polymer) composites market in Australia is facing challenges related to the high cost of production and the need for specialized manufacturing processes. While these materials offer high strength-to-weight ratios and durability, the cost of producing GFRP composites can be high, especially when compared to traditional materials like steel and concrete. Additionally, GFRP composites are still seen as a niche product in many industries, and widespread adoption requires significant education and awareness efforts. The recycling and environmental impact of glass fibers are also concerns, as the disposal of these composites can be more challenging than other materials.
The glass fiber and GFRP composites market in Australia presents significant investment potential, particularly in industries such as automotive, construction, and marine. As the demand for lightweight, durable, and high-performance materials increases, glass fiber-reinforced polymer (GFRP) composites are gaining popularity. Investing in the production of high-quality GFRP composites, as well as exploring new applications in sectors like renewable energy (wind turbines) and aerospace, could provide significant returns. Additionally, the growing trend of replacing traditional materials with composites for sustainability reasons further enhances the market`s attractiveness.
The Australian government has been supportive of the adoption of glass fiber-reinforced plastics (GFRP) and composites in various industries, including automotive, construction, and aerospace, through research grants and innovation incentives. Environmental policies promoting lightweight and durable materials, which contribute to energy efficiency and lower carbon emissions, have boosted the demand for GFRP materials. Additionally, recycling policies and regulations focused on reducing waste and promoting sustainable manufacturing processes are shaping the development of the GFRP composites market in Australia.
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 Australia Glass Fiber And GFRP Composites Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Glass Fiber And GFRP Composites Market - Industry Life Cycle |
3.4 Australia Glass Fiber And GFRP Composites Market - Porter's Five Forces |
3.5 Australia Glass Fiber And GFRP Composites Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Australia Glass Fiber And GFRP Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 Australia Glass Fiber And GFRP Composites Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.8 Australia Glass Fiber And GFRP Composites Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 Australia Glass Fiber And GFRP Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and high-strength materials in various industries |
4.2.2 Growing emphasis on sustainability and environmental-friendly materials |
4.2.3 Technological advancements in glass fiber and GFRP composites manufacturing processes |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from alternative materials such as carbon fiber composites |
4.3.3 Regulatory challenges related to environmental standards and waste management |
5 Australia Glass Fiber And GFRP Composites Market Trends |
6 Australia Glass Fiber And GFRP Composites Market, By Types |
6.1 Australia Glass Fiber And GFRP Composites Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Continuous Fiber, 2021- 2031F |
6.1.4 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Chopped Fiber, 2021- 2031F |
6.1.5 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Australia Glass Fiber And GFRP Composites Market, By Resin Type |
6.2.1 Overview and Analysis |
6.2.2 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Polyester, 2021- 2031F |
6.2.3 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Vinyl Ester, 2021- 2031F |
6.2.4 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Epoxy, 2021- 2031F |
6.2.5 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Polyurethane, 2021- 2031F |
6.2.6 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Australia Glass Fiber And GFRP Composites Market, By Manufacturing Process |
6.3.1 Overview and Analysis |
6.3.2 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Hand Layup, 2021- 2031F |
6.3.3 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Spray Up, 2021- 2031F |
6.3.4 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Resin Transfer Molding (RTM), 2021- 2031F |
6.3.5 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Pultrusion, 2021- 2031F |
6.3.6 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Australia Glass Fiber And GFRP Composites Market, By End-Use Industry |
6.4.1 Overview and Analysis |
6.4.2 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Automotive, 2021- 2031F |
6.4.3 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Aerospace, 2021- 2031F |
6.4.4 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Construction, 2021- 2031F |
6.4.5 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Marine, 2021- 2031F |
6.4.6 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Renewable Energy, 2021- 2031F |
6.4.7 Australia Glass Fiber And GFRP Composites Market Revenues & Volume, By Electronics, 2021- 2031F |
7 Australia Glass Fiber And GFRP Composites Market Import-Export Trade Statistics |
7.1 Australia Glass Fiber And GFRP Composites Market Export to Major Countries |
7.2 Australia Glass Fiber And GFRP Composites Market Imports from Major Countries |
8 Australia Glass Fiber And GFRP Composites Market Key Performance Indicators |
8.1 Research and development investment in new glass fiber and GFRP composite technologies |
8.2 Adoption rate of glass fiber and GFRP composites in key industries (e.g., automotive, construction) |
8.3 Number of partnerships and collaborations for expanding market reach and product innovation |
9 Australia Glass Fiber And GFRP Composites Market - Opportunity Assessment |
9.1 Australia Glass Fiber And GFRP Composites Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Australia Glass Fiber And GFRP Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.3 Australia Glass Fiber And GFRP Composites Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
9.4 Australia Glass Fiber And GFRP Composites Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 Australia Glass Fiber And GFRP Composites Market - Competitive Landscape |
10.1 Australia Glass Fiber And GFRP Composites Market Revenue Share, By Companies, 2024 |
10.2 Australia Glass Fiber And GFRP Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |