| Product Code: ETC13264471 | 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 Fibre Reinforced Plastic Market was valued at USD 7.3 Billion in 2024 and is expected to reach USD 10.9 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 (GRP) market is experiencing robust growth driven by increasing demand across various industries such as automotive, construction, aerospace, and marine. GRP offers high strength-to-weight ratio, corrosion resistance, and durability, making it a preferred material for lightweight and high-performance applications. The market is witnessing significant technological advancements, leading to the development of innovative products with improved mechanical properties and enhanced performance. Asia-Pacific is a key region for market growth, supported by rapid industrialization, infrastructure development, and increasing investments in renewable energy projects. Key players in the global GRP market include Owens Corning, PPG Industries, Jushi Group, Nippon Sheet Glass, and Saint-Gobain, focusing on expanding their product portfolios and geographic presence to capitalize on the growing market opportunities.
The Global Glass Fibre Reinforced Plastic (GFRP) market is experiencing significant growth due to the increasing demand from industries such as construction, automotive, aerospace, and wind energy. The trend towards lightweight and durable materials, coupled with the emphasis on sustainability and energy efficiency, is driving the adoption of GFRP in various applications. Additionally, advancements in manufacturing processes, such as automation and improved resin formulations, are enhancing the performance and cost-effectiveness of GFRP products. Opportunities in the market include the development of innovative GFRP composites with improved strength-to-weight ratios, expanding into new end-use industries, and increasing investments in research and development to further enhance the properties of GFRP materials to meet evolving market demands.
The Global Glass Fibre Reinforced Plastic (GFRP) market faces several challenges, including fluctuating raw material prices, environmental concerns related to the production and disposal of GFRP products, and competition from alternative materials such as carbon fiber and natural fibers. Additionally, the market is impacted by regulatory changes and standards that may affect the use and acceptance of GFRP in various industries. Furthermore, issues related to product quality consistency, manufacturing processes, and the need for skilled labor in the industry pose additional hurdles for market growth. Overall, addressing these challenges will require innovation in materials, processes, and market strategies to sustain the growth and competitiveness of the Global GFRP market.
The global Glass Fibre Reinforced Plastic (GFRP) market is primarily driven by the increasing demand for lightweight and durable materials in various industries such as automotive, construction, and aerospace. GFRP offers high strength-to-weight ratio, corrosion resistance, and design flexibility, making it a preferred choice for manufacturing components and structures. Additionally, growing awareness about environmental sustainability and stringent regulations regarding emissions reduction have propelled the adoption of GFRP as a sustainable alternative to traditional materials. Technological advancements in manufacturing processes, such as automated production and recycling capabilities, are further boosting the market growth. Moreover, the expanding construction sector, particularly in emerging economies, is driving the demand for GFRP in applications such as rebar, structural profiles, and panels, contributing to the market`s growth trajectory.
Government policies related to the Global Glass Fibre Reinforced Plastic (GFRP) Market focus on promoting sustainability and environmental protection. Many countries have implemented regulations to encourage the use of GFRP materials in various industries, particularly in construction and automotive sectors, due to their lightweight properties and durability. These policies often include incentives such as tax breaks or subsidies for companies using GFRP materials, as well as strict guidelines for waste management and recycling of GFRP products to reduce environmental impact. Additionally, some governments have set standards for the manufacturing and handling of GFRP materials to ensure safety and quality control in the market. Overall, government policies aim to drive the adoption of GFRP materials as a sustainable alternative to traditional materials in various applications.
The Global Glass Fibre Reinforced Plastic (GRP) Market is expected to witness steady growth in the coming years, driven by increasing demand from various end-use industries such as automotive, construction, aerospace, and renewable energy. The growing emphasis on lightweight and high-strength materials, coupled with the benefits of GRP including corrosion resistance, durability, and design flexibility, are expected to fuel market expansion. Additionally, the rising focus on sustainable and eco-friendly solutions is likely to further propel the adoption of GRP in different applications. Technological advancements in manufacturing processes and product innovations are anticipated to enhance the market dynamics. However, challenges related to raw material prices and competition from alternative materials may impact market growth to some extent. Overall, the Global GRP Market is poised for a positive outlook in the foreseeable future.
In the Global Glass Fibre Reinforced Plastic (GFRP) market, Asia is expected to witness significant growth due to the expanding construction and automotive industries in countries like China and India. North America is projected to have a steady market share owing to the strong presence of key players and technological advancements in the region. Europe is likely to experience moderate growth driven by the increasing demand for lightweight and durable materials in the automotive and aerospace sectors. The Middle East and Africa region is anticipated to show a gradual rise in the GFRP market due to infrastructure development projects. Latin America is expected to exhibit a promising growth trajectory as industries such as construction and wind energy increasingly adopt GFRP for its corrosion resistance and high strength properties.
Global Glass Fibre Reinforced Plastic 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 Fibre Reinforced Plastic Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Glass Fibre Reinforced Plastic Market Revenues & Volume, 2021 & 2031F |
3.3 Global Glass Fibre Reinforced Plastic Market - Industry Life Cycle |
3.4 Global Glass Fibre Reinforced Plastic Market - Porter's Five Forces |
3.5 Global Glass Fibre Reinforced Plastic Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Glass Fibre Reinforced Plastic Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Glass Fibre Reinforced Plastic Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Glass Fibre Reinforced Plastic Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Glass Fibre Reinforced Plastic Market Trends |
6 Global Glass Fibre Reinforced Plastic Market, 2021 - 2031 |
6.1 Global Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Polyester, 2021 - 2031 |
6.1.3 Global Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Vinyl Ester, 2021 - 2031 |
6.1.4 Global Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Epoxy, 2021 - 2031 |
6.1.5 Global Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Polyurethane, 2021 - 2031 |
6.1.6 Global Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Peek Resin, 2021 - 2031 |
6.1.7 Global Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Wind Energy, 2021 - 2031 |
6.2.3 Global Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Transportation, 2021 - 2031 |
6.2.4 Global Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Marine, 2021 - 2031 |
6.2.5 Global Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Pipe & Tanks, 2021 - 2031 |
6.2.6 Global Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Glass Fibre Reinforced Plastic Market, Overview & Analysis |
7.1 North America Glass Fibre Reinforced Plastic Market Revenues & Volume, 2021 - 2031 |
7.2 North America Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Glass Fibre Reinforced Plastic Market, Overview & Analysis |
8.1 Latin America (LATAM) Glass Fibre Reinforced Plastic Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Glass Fibre Reinforced Plastic Market, Overview & Analysis |
9.1 Asia Glass Fibre Reinforced Plastic Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Glass Fibre Reinforced Plastic Market, Overview & Analysis |
10.1 Africa Glass Fibre Reinforced Plastic Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Glass Fibre Reinforced Plastic Market, Overview & Analysis |
11.1 Europe Glass Fibre Reinforced Plastic Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Glass Fibre Reinforced Plastic Market, Overview & Analysis |
12.1 Middle East Glass Fibre Reinforced Plastic Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Glass Fibre Reinforced Plastic Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Glass Fibre Reinforced Plastic Market Key Performance Indicators |
14 Global Glass Fibre Reinforced Plastic Market - Export/Import By Countries Assessment |
15 Global Glass Fibre Reinforced Plastic Market - Opportunity Assessment |
15.1 Global Glass Fibre Reinforced Plastic Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Glass Fibre Reinforced Plastic Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Glass Fibre Reinforced Plastic Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Glass Fibre Reinforced Plastic Market - Competitive Landscape |
16.1 Global Glass Fibre Reinforced Plastic Market Revenue Share, By Companies, 2024 |
16.2 Global Glass Fibre Reinforced Plastic Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |