Product Code: ETC13319669 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Glass Fiber Reinforced Plastic Composites Market was valued at USD 9.8 Billion in 2024 and is expected to reach USD 14.36 Billion by 2031, growing at a compound annual growth rate of 5.50% during the forecast period (2025-2031).
The Global Glass Fiber Reinforced Plastic (GFRP) Composites Market is experiencing significant growth due to their lightweight, high strength, and corrosion-resistant properties. The market is driven by the increasing demand from various end-use industries such as automotive, aerospace, construction, and wind energy. The automotive sector, in particular, is a major contributor to the market growth as manufacturers seek to reduce vehicle weight to improve fuel efficiency. Additionally, the construction industry`s focus on sustainable and durable materials is further propelling the demand for GFRP composites. Technological advancements in manufacturing processes and the development of eco-friendly composites are expected to drive further market expansion. Key players in the market include Owens Corning, Jushi Group, Toray Industries, and others, who are investing in research and development to innovate and meet the evolving industry requirements.
The Global Glass Fiber Reinforced Plastic (GFRP) Composites Market is experiencing significant growth due to the increasing demand from various end-use industries such as automotive, construction, aerospace, and marine. Key trends in the market include a shift towards lightweight and high-performance materials to improve fuel efficiency and reduce emissions in the automotive sector, as well as the growing use of GFRP composites in infrastructure projects for their durability and corrosion resistance. Opportunities in the market lie in the development of innovative products with enhanced properties, expanding applications in emerging industries like wind energy and electrical & electronics, and strategic collaborations and investments to strengthen market presence. The market is expected to continue its upward trajectory driven by the demand for sustainable and cost-effective materials in diverse industrial sectors.
The Global Glass Fiber Reinforced Plastic Composites Market faces several challenges including the fluctuating prices of raw materials, such as glass fibers and resin, which can impact the overall production costs and profitability for manufacturers. Additionally, there are concerns regarding the environmental impact of these composites, as the disposal and recycling of glass fiber reinforced plastic composites can be challenging and may lead to increased waste generation. Market saturation and intense competition from alternative materials also pose challenges for the industry, as manufacturers need to continuously innovate and differentiate their products to maintain market share and stay ahead of competitors. Furthermore, regulatory constraints and standards related to the use of these composites in various industries can create barriers to entry and compliance challenges for manufacturers operating in the global market.
The Global Glass Fiber Reinforced Plastic (GFRP) Composites Market is primarily driven by the increasing demand for lightweight and high-strength materials across various industries such as automotive, aerospace, construction, and wind energy. GFRP composites offer a combination of properties including corrosion resistance, durability, and design flexibility, making them ideal for applications requiring structural integrity and performance. Additionally, stringent regulations focusing on fuel efficiency and emissions reduction are fueling the adoption of GFRP composites in the transportation sector. The growing trend towards sustainable and eco-friendly materials is also boosting the market growth as GFRP composites are recyclable and contribute to reducing carbon footprint. Overall, the market is expected to witness continued growth due to the advantages offered by GFRP composites in terms of strength-to-weight ratio, cost-effectiveness, and design versatility.
Government policies related to the Global Glass Fiber Reinforced Plastic Composites Market vary by country. In the United States, there are regulations such as the Clean Air Act and Clean Water Act that impact the production and use of these composites, particularly in industries like automotive and construction. The European Union has directives like the Waste Framework Directive and Circular Economy Action Plan that encourage the use of sustainable materials, including glass fiber reinforced plastic composites. In China, policies like the Made in China 2025 initiative promote the development and adoption of advanced materials like composites in various sectors. Overall, government policies aim to promote sustainability, innovation, and competitiveness in the global market for glass fiber reinforced plastic composites.
The Global Glass Fiber Reinforced Plastic Composites Market is expected to witness steady growth in the coming years, driven by increasing demand from various end-use industries such as automotive, aerospace, construction, and wind energy. The market is likely to benefit from the growing focus on lightweight and high-strength materials for improved performance and fuel efficiency in transportation and infrastructure applications. Additionally, the rising awareness about environmental sustainability and stringent regulations promoting the use of eco-friendly materials are projected to further boost the market growth. Technological advancements in manufacturing processes and the development of innovative products are anticipated to create new opportunities for market expansion. However, challenges related to recycling and disposal of glass fiber reinforced plastic composites may hinder the market growth to some extent.
The Asia-Pacific region is the largest market for glass fiber reinforced plastic composites, driven by the rapid industrialization and infrastructure development in countries like China and India. North America follows closely, with a strong demand for lightweight and high-performance materials in sectors such as automotive, aerospace, and construction. In Europe, stringent regulations promoting lightweight and fuel-efficient vehicles propel the market growth for GFRP composites. The Middle East and Africa are witnessing increasing adoption of GFRP composites in the construction and oil & gas industries. Latin America shows potential for growth due to the expanding automotive and wind energy sectors. Overall, the global glass fiber reinforced plastic composites market is expected to continue its growth trajectory across these regions, driven by the demand for sustainable and durable materials.
Global Glass Fiber Reinforced Plastic Composites Market |
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 Global Glass Fiber Reinforced Plastic Composites Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Glass Fiber Reinforced Plastic Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Global Glass Fiber Reinforced Plastic Composites Market - Industry Life Cycle |
3.4 Global Glass Fiber Reinforced Plastic Composites Market - Porter's Five Forces |
3.5 Global Glass Fiber Reinforced Plastic Composites Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Glass Fiber Reinforced Plastic Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 Global Glass Fiber Reinforced Plastic Composites Market Revenues & Volume Share, By Process Type, 2021 & 2031F |
3.8 Global Glass Fiber Reinforced Plastic Composites Market Revenues & Volume Share, By End use, 2021 & 2031F |
4 Global Glass Fiber Reinforced Plastic Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Glass Fiber Reinforced Plastic Composites Market Trends |
6 Global Glass Fiber Reinforced Plastic Composites Market, 2021 - 2031 |
6.1 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Polyester resin, 2021 - 2031 |
6.1.3 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Vinyl ester resin, 2021 - 2031 |
6.1.4 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Epoxy resin, 2021 - 2031 |
6.1.5 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Polyurethane resin, 2021 - 2031 |
6.1.6 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Process Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Manual process, 2021 - 2031 |
6.2.3 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Continuous process, 2021 - 2031 |
6.2.4 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Compression molding, 2021 - 2031 |
6.2.5 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Injection molding, 2021 - 2031 |
6.3 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By End use, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Aerospace and defense, 2021 - 2031 |
6.3.3 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Construction, 2021 - 2031 |
6.3.4 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Wind energy, 2021 - 2031 |
6.3.5 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.3.6 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Electrical and electronics, 2021 - 2031 |
6.3.7 Global Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Glass Fiber Reinforced Plastic Composites Market, Overview & Analysis |
7.1 North America Glass Fiber Reinforced Plastic Composites Market Revenues & Volume, 2021 - 2031 |
7.2 North America Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
7.4 North America Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Process Type, 2021 - 2031 |
7.5 North America Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By End use, 2021 - 2031 |
8 Latin America (LATAM) Glass Fiber Reinforced Plastic Composites Market, Overview & Analysis |
8.1 Latin America (LATAM) Glass Fiber Reinforced Plastic Composites Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
8.4 Latin America (LATAM) Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Process Type, 2021 - 2031 |
8.5 Latin America (LATAM) Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By End use, 2021 - 2031 |
9 Asia Glass Fiber Reinforced Plastic Composites Market, Overview & Analysis |
9.1 Asia Glass Fiber Reinforced Plastic Composites Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
9.4 Asia Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Process Type, 2021 - 2031 |
9.5 Asia Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By End use, 2021 - 2031 |
10 Africa Glass Fiber Reinforced Plastic Composites Market, Overview & Analysis |
10.1 Africa Glass Fiber Reinforced Plastic Composites Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
10.4 Africa Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Process Type, 2021 - 2031 |
10.5 Africa Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By End use, 2021 - 2031 |
11 Europe Glass Fiber Reinforced Plastic Composites Market, Overview & Analysis |
11.1 Europe Glass Fiber Reinforced Plastic Composites Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
11.4 Europe Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Process Type, 2021 - 2031 |
11.5 Europe Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By End use, 2021 - 2031 |
12 Middle East Glass Fiber Reinforced Plastic Composites Market, Overview & Analysis |
12.1 Middle East Glass Fiber Reinforced Plastic Composites Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
12.4 Middle East Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By Process Type, 2021 - 2031 |
12.5 Middle East Glass Fiber Reinforced Plastic Composites Market, Revenues & Volume, By End use, 2021 - 2031 |
13 Global Glass Fiber Reinforced Plastic Composites Market Key Performance Indicators |
14 Global Glass Fiber Reinforced Plastic Composites Market - Export/Import By Countries Assessment |
15 Global Glass Fiber Reinforced Plastic Composites Market - Opportunity Assessment |
15.1 Global Glass Fiber Reinforced Plastic Composites Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Glass Fiber Reinforced Plastic Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
15.3 Global Glass Fiber Reinforced Plastic Composites Market Opportunity Assessment, By Process Type, 2021 & 2031F |
15.4 Global Glass Fiber Reinforced Plastic Composites Market Opportunity Assessment, By End use, 2021 & 2031F |
16 Global Glass Fiber Reinforced Plastic Composites Market - Competitive Landscape |
16.1 Global Glass Fiber Reinforced Plastic Composites Market Revenue Share, By Companies, 2024 |
16.2 Global Glass Fiber Reinforced Plastic Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |