| Product Code: ETC13145218 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | 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 Market was valued at USD 20 Billion in 2024 and is expected to reach USD 30 Billion by 2031, growing at a compound annual growth rate of 5.90% during the forecast period (2025-2031).
The global glass fiber-reinforced plastics (GFRP) market is experiencing significant growth driven by increasing demand from various end-use industries such as automotive, aerospace, construction, and wind energy. GFRP offers lightweight, high strength, corrosion resistance, and design flexibility, making it a preferred material choice for manufacturers. The market is witnessing technological advancements in manufacturing processes, leading to improved product quality and cost-effectiveness. North America and Europe are key regions for GFRP market growth, with Asia Pacific emerging as a lucrative market due to rapid industrialization and infrastructure development. Key players in the market are focusing on product innovation, strategic partnerships, and mergers to enhance their market presence and gain a competitive edge in the global GFRP market.
The Global Glass Fiber-reinforced Plastics (GFRP) market is experiencing significant growth due to the increasing demand for lightweight and high-strength materials in various industries such as automotive, aerospace, construction, and wind energy. Key trends in the market include the rising adoption of GFRP composites for their corrosion resistance, durability, and design flexibility. Opportunities in the market lie in the development of innovative applications for GFRP, such as in 3D printing, electric vehicles, and infrastructure projects. Additionally, the focus on sustainability and environmental regulations driving the shift towards eco-friendly materials is creating a growing demand for GFRP products. Companies investing in research and development to enhance the performance and cost-effectiveness of GFRP materials are poised to capitalize on the expanding market opportunities.
The Global Glass Fiber-reinforced Plastics (GFRP) market faces several challenges, including fluctuating raw material prices, increasing competition from alternative materials, and environmental concerns related to the disposal of GFRP products. The volatility in raw material prices, such as glass fibers and resins, can impact production costs and profit margins for manufacturers. Additionally, the emergence of substitute materials like carbon fiber composites poses a threat to the GFRP market by offering potentially superior properties at competitive prices. Furthermore, the disposal and recycling of GFRP products present environmental challenges due to the non-biodegradable nature of these materials. Addressing these challenges will require innovation in product development, cost management strategies, and sustainable practices to maintain competitiveness and sustainability in the Global GFRP market.
The Global Glass Fiber-reinforced Plastics Market is primarily driven by the increasing demand for lightweight and high-strength materials across various end-use industries such as automotive, construction, aerospace, and wind energy. Glass fiber-reinforced plastics offer excellent properties such as corrosion resistance, durability, flexibility, and cost-effectiveness, making them a preferred choice for manufacturers looking to reduce overall weight without compromising on performance. Additionally, stringent regulations regarding fuel efficiency and emissions in the automotive sector are further propelling the adoption of glass fiber-reinforced plastics in vehicle manufacturing. The growing focus on sustainable and eco-friendly materials is also contributing to the market growth as glass fiber-reinforced plastics are recyclable and help in reducing carbon footprint, driving their demand globally.
Government policies related to the Global Glass Fiber-reinforced Plastics Market vary by country, but generally focus on promoting sustainability, reducing carbon emissions, and enhancing the use of lightweight materials in various industries. Many governments have implemented regulations and incentives to encourage the adoption of glass fiber-reinforced plastics in sectors such as automotive, construction, and aerospace. These policies often include tax incentives for manufacturers using these materials, funding for research and development in the field, and setting standards for the production and use of glass fiber-reinforced plastics to ensure safety and environmental protection. Overall, government policies aim to drive innovation and growth in the global glass fiber-reinforced plastics market while addressing environmental concerns and promoting sustainable practices.
The Global Glass Fiber-reinforced Plastics Market is poised for significant 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 expected to benefit from the rising focus on lightweight and high-performance materials, as well as the growing emphasis on sustainability and fuel efficiency. Technological advancements in manufacturing processes and increasing investments in research and development activities are further expected to propel market growth. Additionally, the expanding applications of glass fiber-reinforced plastics in sectors like transportation, marine, and consumer goods are likely to create new opportunities for market expansion. Overall, the Global Glass Fiber-reinforced Plastics Market is anticipated to experience steady growth and innovation in the foreseeable future.
In the global glass fiber-reinforced plastics market, Asia Pacific is expected to witness the highest growth due to increasing industrialization, infrastructure development, and automotive production in countries like China, India, and Japan. North America and Europe are mature markets with significant adoption of glass fiber-reinforced plastics in the automotive, aerospace, and construction industries. The Middle East and Africa region is showing steady growth driven by construction activities and investments in renewable energy projects. Latin America is also experiencing growth in the market, particularly in the automotive and construction sectors. Overall, the global glass fiber-reinforced plastics market is projected to see sustained growth across all regions, with Asia Pacific leading the way in terms of market expansion and innovation.
Global Glass Fiber-reinforced Plastics 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 Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Glass Fiber-reinforced Plastics Market Revenues & Volume, 2021 & 2031F |
3.3 Global Glass Fiber-reinforced Plastics Market - Industry Life Cycle |
3.4 Global Glass Fiber-reinforced Plastics Market - Porter's Five Forces |
3.5 Global Glass Fiber-reinforced Plastics Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Glass Fiber-reinforced Plastics Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 Global Glass Fiber-reinforced Plastics Market Revenues & Volume Share, By End-User, 2021 & 2031F |
3.8 Global Glass Fiber-reinforced Plastics Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.9 Global Glass Fiber-reinforced Plastics Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Global Glass Fiber-reinforced Plastics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Glass Fiber-reinforced Plastics Market Trends |
6 Global Glass Fiber-reinforced Plastics Market, 2021 - 2031 |
6.1 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Polyester, 2021 - 2031 |
6.1.3 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Vinyl Ester, 2021 - 2031 |
6.1.4 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Epoxy, 2021 - 2031 |
6.1.5 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Polyurethane, 2021 - 2031 |
6.1.6 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Thermoplastic, 2021 - 2031 |
6.1.7 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By End-User, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Wind Energy, 2021 - 2031 |
6.2.3 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Electrical & Electronics, 2021 - 2031 |
6.2.4 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Transporation, 2021 - 2031 |
6.2.5 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Pipes & Tanks, 2021 - 2031 |
6.2.6 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Construction & Infrastructure, 2021 - 2031 |
6.2.7 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Marine, 2021 - 2031 |
6.2.8 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Aerospace & Defense, 2021 - 2031 |
6.2.9 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Other, 2021 - 2031 |
6.3 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Compression & Injection Molding Process, 2021 - 2031 |
6.3.3 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Layup, 2021 - 2031 |
6.3.4 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Filament Winding, 2021 - 2031 |
6.3.5 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Pultrusion, 2021 - 2031 |
6.3.6 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Resin Transfer Molding (RTM), 2021 - 2031 |
6.3.7 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Other, 2021 - 2031 |
6.4 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Form, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Rebar, 2021 - 2031 |
6.4.3 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Powder, 2021 - 2031 |
6.4.4 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Sheet, 2021 - 2031 |
6.4.5 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Panel, 2021 - 2031 |
6.4.6 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Rolls, 2021 - 2031 |
6.4.7 Global Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Glass Fiber-reinforced Plastics Market, Overview & Analysis |
7.1 North America Glass Fiber-reinforced Plastics Market Revenues & Volume, 2021 - 2031 |
7.2 North America Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
7.4 North America Glass Fiber-reinforced Plastics Market, Revenues & Volume, By End-User, 2021 - 2031 |
7.5 North America Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
7.6 North America Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Form, 2021 - 2031 |
8 Latin America (LATAM) Glass Fiber-reinforced Plastics Market, Overview & Analysis |
8.1 Latin America (LATAM) Glass Fiber-reinforced Plastics Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
8.4 Latin America (LATAM) Glass Fiber-reinforced Plastics Market, Revenues & Volume, By End-User, 2021 - 2031 |
8.5 Latin America (LATAM) Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
8.6 Latin America (LATAM) Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Form, 2021 - 2031 |
9 Asia Glass Fiber-reinforced Plastics Market, Overview & Analysis |
9.1 Asia Glass Fiber-reinforced Plastics Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
9.4 Asia Glass Fiber-reinforced Plastics Market, Revenues & Volume, By End-User, 2021 - 2031 |
9.5 Asia Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
9.6 Asia Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Form, 2021 - 2031 |
10 Africa Glass Fiber-reinforced Plastics Market, Overview & Analysis |
10.1 Africa Glass Fiber-reinforced Plastics Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
10.4 Africa Glass Fiber-reinforced Plastics Market, Revenues & Volume, By End-User, 2021 - 2031 |
10.5 Africa Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
10.6 Africa Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Form, 2021 - 2031 |
11 Europe Glass Fiber-reinforced Plastics Market, Overview & Analysis |
11.1 Europe Glass Fiber-reinforced Plastics Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
11.4 Europe Glass Fiber-reinforced Plastics Market, Revenues & Volume, By End-User, 2021 - 2031 |
11.5 Europe Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
11.6 Europe Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Form, 2021 - 2031 |
12 Middle East Glass Fiber-reinforced Plastics Market, Overview & Analysis |
12.1 Middle East Glass Fiber-reinforced Plastics Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Glass Fiber-reinforced Plastics Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
12.4 Middle East Glass Fiber-reinforced Plastics Market, Revenues & Volume, By End-User, 2021 - 2031 |
12.5 Middle East Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
12.6 Middle East Glass Fiber-reinforced Plastics Market, Revenues & Volume, By Form, 2021 - 2031 |
13 Global Glass Fiber-reinforced Plastics Market Key Performance Indicators |
14 Global Glass Fiber-reinforced Plastics Market - Export/Import By Countries Assessment |
15 Global Glass Fiber-reinforced Plastics Market - Opportunity Assessment |
15.1 Global Glass Fiber-reinforced Plastics Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Glass Fiber-reinforced Plastics Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
15.3 Global Glass Fiber-reinforced Plastics Market Opportunity Assessment, By End-User, 2021 & 2031F |
15.4 Global Glass Fiber-reinforced Plastics Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
15.5 Global Glass Fiber-reinforced Plastics Market Opportunity Assessment, By Form, 2021 & 2031F |
16 Global Glass Fiber-reinforced Plastics Market - Competitive Landscape |
16.1 Global Glass Fiber-reinforced Plastics Market Revenue Share, By Companies, 2024 |
16.2 Global Glass Fiber-reinforced Plastics Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |