Product Code: ETC8842204 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The glass fiber reinforced plastics (GFRP) composites market in the Philippines is expanding due to the material`s lightweight, high strength, and corrosion-resistant properties. Industries such as construction, automotive, aerospace, and marine are driving demand for GFRP composites in structural applications. The increasing focus on sustainable and durable materials in infrastructure projects is further boosting market growth. Additionally, advancements in manufacturing techniques, such as automated fiber placement and resin infusion, are enhancing the efficiency and cost-effectiveness of GFRP production. The market is also benefiting from growing investments in renewable energy, particularly wind turbine components made from GFRP composites.
The growing demand for lightweight and durable materials in construction, automotive, and aerospace industries is driving the GFRP composites market in the Philippines. The increasing adoption of fiberglass-reinforced plastics in infrastructure projects, particularly in bridges, facades, and structural reinforcements, is further fueling market growth. Additionally, the emphasis on sustainability and the need for corrosion-resistant materials in marine and industrial applications are contributing to the increasing use of GFRP composites.
The glass fiber reinforced plastics (GFRP) market in the Philippines faces competition from traditional materials such as steel and aluminum, which are more familiar to industries. High production costs and limited local manufacturing facilities restrict market expansion. Additionally, resistance to adopting GFRP in construction and automotive sectors due to durability and long-term performance concerns slows down growth. Regulatory and environmental issues related to plastic-based materials also pose challenges.
The increasing demand for lightweight and corrosion-resistant materials is driving the adoption of glass fiber reinforced plastics (GFRP). Investors can explore opportunities in manufacturing GFRP components for infrastructure, marine, and automotive applications. The markets growth is further supported by government initiatives promoting advanced materials in construction.
The government implements strict environmental policies on the production of glass fiber-reinforced plastics (GFRP) to control emissions and ensure sustainability. The DTI supports local manufacturers by providing tax incentives for the production of high-performance composite materials. Standards for strength, durability, and fire resistance are enforced to ensure industry safety.
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 Philippines Glass Fiber Reinforced Plastics Composites Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Glass Fiber Reinforced Plastics Composites Market - Industry Life Cycle |
3.4 Philippines Glass Fiber Reinforced Plastics Composites Market - Porter's Five Forces |
3.5 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume Share, By Process, 2021 & 2031F |
3.7 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Philippines Glass Fiber Reinforced Plastics Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Glass Fiber Reinforced Plastics Composites Market Trends |
6 Philippines Glass Fiber Reinforced Plastics Composites Market, By Types |
6.1 Philippines Glass Fiber Reinforced Plastics Composites Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Resin Type, 2021- 2031F |
6.1.3 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Polyester resin, 2021- 2031F |
6.1.4 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Vinyl ester resin, 2021- 2031F |
6.1.5 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Epoxy resin, 2021- 2031F |
6.1.6 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Polyurethane resin, 2021- 2031F |
6.1.7 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Philippines Glass Fiber Reinforced Plastics Composites Market, By Process |
6.2.1 Overview and Analysis |
6.2.2 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Manual process, 2021- 2031F |
6.2.3 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Continuous process, 2021- 2031F |
6.2.4 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Compression molding, 2021- 2031F |
6.2.5 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Injection molding, 2021- 2031F |
6.3 Philippines Glass Fiber Reinforced Plastics Composites Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Aerospace and defense, 2021- 2031F |
6.3.3 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Construction, 2021- 2031F |
6.3.4 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Wind energy, 2021- 2031F |
6.3.5 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Automotive, 2021- 2031F |
6.3.6 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Electrical and electronics, 2021- 2031F |
6.3.7 Philippines Glass Fiber Reinforced Plastics Composites Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Glass Fiber Reinforced Plastics Composites Market Import-Export Trade Statistics |
7.1 Philippines Glass Fiber Reinforced Plastics Composites Market Export to Major Countries |
7.2 Philippines Glass Fiber Reinforced Plastics Composites Market Imports from Major Countries |
8 Philippines Glass Fiber Reinforced Plastics Composites Market Key Performance Indicators |
9 Philippines Glass Fiber Reinforced Plastics Composites Market - Opportunity Assessment |
9.1 Philippines Glass Fiber Reinforced Plastics Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Philippines Glass Fiber Reinforced Plastics Composites Market Opportunity Assessment, By Process, 2021 & 2031F |
9.3 Philippines Glass Fiber Reinforced Plastics Composites Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Philippines Glass Fiber Reinforced Plastics Composites Market - Competitive Landscape |
10.1 Philippines Glass Fiber Reinforced Plastics Composites Market Revenue Share, By Companies, 2024 |
10.2 Philippines Glass Fiber Reinforced Plastics Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |