Product Code: ETC13145217 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | 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 Plastics Composites Market was valued at USD 19 Billion in 2024 and is expected to reach USD 28 Billion by 2031, growing at a compound annual growth rate of 5.70% during the forecast period (2025-2031).
The Global Glass Fiber Reinforced Plastics Composites Market is anticipated to witness significant growth in the coming years due to increasing demand from various end-use industries such as automotive, aerospace, construction, and wind energy. Glass fiber reinforced plastics composites offer lightweight, high strength, corrosion resistance, and design flexibility, making them ideal for applications requiring durability and performance. The market is driven by advancements in manufacturing technologies, growing emphasis on fuel efficiency and sustainability, and increasing investments in infrastructure development. Asia Pacific is expected to dominate the market, followed by North America and Europe. Key players in the industry are focusing on research and development activities to introduce innovative products and expand their market presence.
The Global Glass Fiber Reinforced Plastics (GFRP) Composites Market is experiencing significant growth driven by increasing demand from various end-use industries such as automotive, aerospace, construction, and wind energy. Key trends in the market include a shift towards lightweight and high-performance materials, growing focus on sustainable and eco-friendly products, and advancements in manufacturing technologies. Opportunities in the market lie in the development of innovative products with enhanced properties, expanding applications in emerging sectors like sports and leisure, and geographic expansion into untapped regions. With the increasing emphasis on reducing carbon footprint and improving energy efficiency, the GFRP composites market is poised for continued growth and offers lucrative opportunities for manufacturers and suppliers in the coming years.
Some challenges faced in the Global Glass Fiber Reinforced Plastics Composites Market include increasing competition from alternative materials such as carbon fiber composites, fluctuating raw material prices, and regulatory hurdles related to environmental concerns. The market also faces challenges in terms of recycling and disposal of glass fiber reinforced plastics, as sustainability and waste management become increasingly important factors for consumers and businesses. Additionally, the market is impacted by economic uncertainties, trade tensions, and geopolitical factors that can affect global supply chains and demand for composites. Overall, navigating these challenges requires industry players to innovate, adapt to changing market dynamics, and invest in research and development to stay competitive in the evolving landscape of the glass fiber reinforced plastics composites market.
The global glass fiber reinforced plastics (GFRP) composites market is being primarily driven by the increasing demand for lightweight and high-performance materials across various end-use industries such as automotive, aerospace, construction, and wind energy. GFRP composites offer excellent strength-to-weight ratio, corrosion resistance, and durability, making them ideal for applications requiring structural integrity and reduced weight. Additionally, stringent regulations aimed at reducing carbon emissions and enhancing fuel efficiency have further propelled the adoption of GFRP composites as a sustainable alternative to traditional materials. The growing focus on infrastructure development, coupled with advancements in manufacturing technologies and product innovations, is expected to continue driving the growth of the global GFRP composites market in the coming years.
Government policies related to the Global Glass Fiber Reinforced Plastics Composites Market vary by country and region. Many governments are implementing regulations to promote the use of eco-friendly materials, leading to increased demand for glass fiber reinforced plastics composites due to their lightweight and recyclable properties. Additionally, some governments offer incentives such as tax breaks or subsidies to companies using these materials in industries like automotive, aerospace, and construction. However, there are also regulations in place to ensure the safe disposal and recycling of these composites to minimize environmental impact. Overall, government policies play a crucial role in shaping the market dynamics of glass fiber reinforced plastics composites, influencing their adoption and innovation in various industries globally.
The Global Glass Fiber Reinforced Plastics Composites Market is expected to exhibit steady growth in the coming years, driven by increasing demand from industries such as automotive, construction, aerospace, and wind energy. The market is likely to benefit from the superior properties of glass fiber reinforced plastics, including high strength-to-weight ratio, corrosion resistance, and durability. Additionally, the growing focus on lightweight materials to improve fuel efficiency and reduce carbon emissions in various end-use sectors is anticipated to further propel market growth. Technological advancements in manufacturing processes and the development of innovative products are also likely to contribute to the expansion of the global glass fiber reinforced plastics composites market in the foreseeable future.
In the Global Glass Fiber Reinforced Plastics Composites Market, Asia-Pacific is anticipated to witness significant growth due to the booming construction and automotive industries in countries like China and India. North America is expected to maintain a strong position in the market, driven by the increasing demand for lightweight and high-performance materials in the aerospace and automotive sectors. Europe is also expected to witness steady growth, supported by the stringent regulations promoting the use of lightweight materials for fuel efficiency. The Middle East and Africa region is likely to experience moderate growth, primarily due to the growing construction activities in countries like the UAE and Saudi Arabia. Latin America is expected to see a moderate increase in demand for glass fiber reinforced plastics composites, driven by the expanding automotive and wind energy sectors in countries like Brazil and Mexico.
Global Glass Fiber Reinforced Plastics 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 Plastics Composites Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Global Glass Fiber Reinforced Plastics Composites Market - Industry Life Cycle |
3.4 Global Glass Fiber Reinforced Plastics Composites Market - Porter's Five Forces |
3.5 Global Glass Fiber Reinforced Plastics Composites Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Glass Fiber Reinforced Plastics Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 Global Glass Fiber Reinforced Plastics Composites Market Revenues & Volume Share, By Process, 2021 & 2031F |
3.8 Global Glass Fiber Reinforced Plastics Composites Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Global Glass Fiber Reinforced Plastics Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Glass Fiber Reinforced Plastics Composites Market Trends |
6 Global Glass Fiber Reinforced Plastics Composites Market, 2021 - 2031 |
6.1 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Polyester resin, 2021 - 2031 |
6.1.3 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Vinyl ester resin, 2021 - 2031 |
6.1.4 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Epoxy resin, 2021 - 2031 |
6.1.5 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Polyurethane resin, 2021 - 2031 |
6.1.6 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Process, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Manual process, 2021 - 2031 |
6.2.3 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Continuous process, 2021 - 2031 |
6.2.4 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Compression molding, 2021 - 2031 |
6.2.5 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Injection molding, 2021 - 2031 |
6.3 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Aerospace and defense, 2021 - 2031 |
6.3.3 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Construction, 2021 - 2031 |
6.3.4 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Wind energy, 2021 - 2031 |
6.3.5 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.3.6 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Electrical and electronics, 2021 - 2031 |
6.3.7 Global Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Glass Fiber Reinforced Plastics Composites Market, Overview & Analysis |
7.1 North America Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, 2021 - 2031 |
7.2 North America Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
7.4 North America Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Process, 2021 - 2031 |
7.5 North America Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
8 Latin America (LATAM) Glass Fiber Reinforced Plastics Composites Market, Overview & Analysis |
8.1 Latin America (LATAM) Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
8.4 Latin America (LATAM) Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Process, 2021 - 2031 |
8.5 Latin America (LATAM) Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
9 Asia Glass Fiber Reinforced Plastics Composites Market, Overview & Analysis |
9.1 Asia Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
9.4 Asia Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Process, 2021 - 2031 |
9.5 Asia Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
10 Africa Glass Fiber Reinforced Plastics Composites Market, Overview & Analysis |
10.1 Africa Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
10.4 Africa Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Process, 2021 - 2031 |
10.5 Africa Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
11 Europe Glass Fiber Reinforced Plastics Composites Market, Overview & Analysis |
11.1 Europe Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
11.4 Europe Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Process, 2021 - 2031 |
11.5 Europe Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
12 Middle East Glass Fiber Reinforced Plastics Composites Market, Overview & Analysis |
12.1 Middle East Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
12.4 Middle East Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By Process, 2021 - 2031 |
12.5 Middle East Glass Fiber Reinforced Plastics Composites Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
13 Global Glass Fiber Reinforced Plastics Composites Market Key Performance Indicators |
14 Global Glass Fiber Reinforced Plastics Composites Market - Export/Import By Countries Assessment |
15 Global Glass Fiber Reinforced Plastics Composites Market - Opportunity Assessment |
15.1 Global Glass Fiber Reinforced Plastics Composites Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Glass Fiber Reinforced Plastics Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
15.3 Global Glass Fiber Reinforced Plastics Composites Market Opportunity Assessment, By Process, 2021 & 2031F |
15.4 Global Glass Fiber Reinforced Plastics Composites Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
16 Global Glass Fiber Reinforced Plastics Composites Market - Competitive Landscape |
16.1 Global Glass Fiber Reinforced Plastics Composites Market Revenue Share, By Companies, 2024 |
16.2 Global Glass Fiber Reinforced Plastics Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |