Product Code: ETC6181714 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
This market is being driven by the widespread adoption of glass fiber reinforced plastics (GFRP) in sectors such as aerospace, automotive, energy, and industrial manufacturing. Australias focus on infrastructure development and renewable energy, especially wind energy, where GFRP is widely used in turbine blades, supports the expansion of this market. Technological advancements in composite manufacturing and cost-effective production techniques are also positively influencing growth.
This market is growing steadily in Australia due to its versatility and strength-to-weight ratio advantages. The increasing application in transportation, wind energy, and aerospace sectors is enhancing market momentum. Moreover, government initiatives for modern infrastructure and renewable energy development are boosting the use of composite materials. Technological innovations in resin systems and fabrication techniques are also improving product performance and cost-effectiveness.
The market for glass fiber reinforced plastics (GFRP) composites in Australia faces challenges in terms of cost competitiveness and consumer awareness. Although GFRP composites offer superior strength and lightweight properties, their production remains costly due to the specialized manufacturing techniques and raw materials required. As a result, they can be less attractive compared to alternative materials like steel and aluminum, especially in price-sensitive sectors. Furthermore, the market is still evolving, and manufacturers need to overcome challenges related to the scalability of production processes and the development of effective recycling solutions for GFRP materials.
Glass fiber reinforced plastics (GFRP) composites are gaining traction in the Australian market, particularly due to their strong mechanical properties, lightweight nature, and corrosion resistance. Investment opportunities lie in the expansion of GFRP composite production, especially in industries such as construction, transportation, and marine. Companies focusing on the development of eco-friendly GFRP composites that meet sustainability standards could see significant growth. Additionally, as demand for energy-efficient and high-strength materials rises, there is room for innovation in GFRP applications, opening up profitable market segments.
The Australian governments policies supporting sustainable manufacturing and resource efficiency are encouraging the growth of the glass fiber-reinforced plastics composites market. Regulations in the automotive and construction sectors, which push for the use of lighter and more durable materials to reduce energy consumption, have directly impacted the demand for these composites. There are also incentives for companies involved in research and development of more sustainable composites. Safety standards for the use of these materials in various applications are enforced by government bodies.
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 Reinforced Plastics Composites Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Glass Fiber Reinforced Plastics Composites Market - Industry Life Cycle |
3.4 Australia Glass Fiber Reinforced Plastics Composites Market - Porter's Five Forces |
3.5 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume Share, By Process, 2021 & 2031F |
3.7 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Australia Glass Fiber Reinforced Plastics Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Glass Fiber Reinforced Plastics Composites Market Trends |
6 Australia Glass Fiber Reinforced Plastics Composites Market, By Types |
6.1 Australia Glass Fiber Reinforced Plastics Composites Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Resin Type, 2021- 2031F |
6.1.3 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Polyester resin, 2021- 2031F |
6.1.4 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Vinyl ester resin, 2021- 2031F |
6.1.5 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Epoxy resin, 2021- 2031F |
6.1.6 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Polyurethane resin, 2021- 2031F |
6.1.7 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Australia Glass Fiber Reinforced Plastics Composites Market, By Process |
6.2.1 Overview and Analysis |
6.2.2 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Manual process, 2021- 2031F |
6.2.3 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Continuous process, 2021- 2031F |
6.2.4 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Compression molding, 2021- 2031F |
6.2.5 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Injection molding, 2021- 2031F |
6.3 Australia Glass Fiber Reinforced Plastics Composites Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Aerospace and defense, 2021- 2031F |
6.3.3 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Construction, 2021- 2031F |
6.3.4 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Wind energy, 2021- 2031F |
6.3.5 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Automotive, 2021- 2031F |
6.3.6 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Electrical and electronics, 2021- 2031F |
6.3.7 Australia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Others, 2021- 2031F |
7 Australia Glass Fiber Reinforced Plastics Composites Market Import-Export Trade Statistics |
7.1 Australia Glass Fiber Reinforced Plastics Composites Market Export to Major Countries |
7.2 Australia Glass Fiber Reinforced Plastics Composites Market Imports from Major Countries |
8 Australia Glass Fiber Reinforced Plastics Composites Market Key Performance Indicators |
9 Australia Glass Fiber Reinforced Plastics Composites Market - Opportunity Assessment |
9.1 Australia Glass Fiber Reinforced Plastics Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Australia Glass Fiber Reinforced Plastics Composites Market Opportunity Assessment, By Process, 2021 & 2031F |
9.3 Australia Glass Fiber Reinforced Plastics Composites Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Australia Glass Fiber Reinforced Plastics Composites Market - Competitive Landscape |
10.1 Australia Glass Fiber Reinforced Plastics Composites Market Revenue Share, By Companies, 2024 |
10.2 Australia Glass Fiber Reinforced Plastics Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |