South Korea Glass Fibre Reinforced Plastic Market (2025-2031) | Trends, Outlook, Analysis, Value, Forecast, Companies, Growth, Industry, Share, Size & Revenue

South Korea Glass Fibre Reinforced Plastic Market Highlights

Topics Covered in South Korea Glass Fibre Reinforced Plastic Market Report

The South Korea Glass Fibre Reinforced Plastic Market report thoroughly covers the market, By Type, and Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

South Korea Glass Fibre Reinforced Plastic Market Synopsis

South Korea Glass Fibre Reinforced Plastic Market is experiencing significant growth due to advancements in fabrication technologies, increasing demand in various sectors, and increased application in industries such as wind energy, transportation, marine, and pipe & tanks. The market forecast indicates an increase in the usage of Glass Fibre Reinforced Plastic across varied industry verticals.

According to 6Wresearch, South Korea Glass Fibre Reinforced Plastic Market size is expected to grow at a CAGR Of 6.30% during 2025-2031. The South Korea Glass Fibre Reinforced Plastic market size is expected to grow at a significant rate during the given forecast period driven by the increasing need for lightweight and durable materials in the transportation and wind energy sectors, coupled with robust government support for technological advancements. This growth will be further supported by the trend towards sustainable and environmentally friendly materials.

Despite the growing demand and potential growth in the South Korea Glass Fibre Reinforced Plastic Market, some challenges like high production costs and fluctuating raw material prices may hinder its progress.

South Korea Glass Fibre Reinforced Plastic Industry: Leading Players

In the South Korea Glass Fibre Reinforced Plastic (GFRP) industry, leading players include both domestic manufacturers and international companies such as Hyosung Corporation, Hanwha Corporation, and KOLON Industries. These companies have established strong market positions through their extensive experience, technological expertise, and diverse product portfolios. They continually invest in research and development to innovate and enhance the quality and performance of GFRP products, catering to the growing demand from the automotive, construction, and electronics sectors in South Korea and beyond.

Glass Fibre Reinforced Plastic Market in South Korea: Government Regulations

Government regulations governing the Glass Fibre Reinforced Plastic (GFRP) market in South Korea primarily focus on ensuring product quality, safety standards, and environmental sustainability. The South Korean government, through agencies like the Ministry of Environment and the Ministry of Trade, Industry and Energy, implements stringent regulations regarding the production, use, and disposal of GFRP materials. These regulations aim to mitigate environmental impact by promoting recycling initiatives and controlling emissions during manufacturing processes. Additionally, standards such as the Korean Industrial Standards (KS) certification ensure that GFRP products meet specified criteria for strength, durability, and safety, fostering consumer confidence and market growth.

Future Insights of the Market

The Glass Fibre Reinforced Plastic (GFRP) market in South Korea is poised for continued growth and innovation. Emerging trends indicate a shift towards sustainable materials and processes, driven by environmental concerns and regulatory requirements. Technological advancements, particularly in composite materials and manufacturing techniques, will further enhance the performance and versatility of GFRP products, opening up new applications across industries such as automotive, aerospace, and renewable energy. Moreover, strategic partnerships and collaborations between industry players, research institutions, and government bodies are expected to foster greater R&D investment and accelerate the development of novel GFRP solutions, positioning South Korea as a key player in the global composites market.

Market Segmentation by Type

According to Ravi Bhandari, Research Head, 6Wresearch, Polyester is expected to grow the most during the forecast period due to its high strength, excellent flexibility, and ease of processing.

Market Segmentation by Application

The Wind Energy segment is expected to grow the most due to increasing demand for lightweight and durable materials, and advancements in wind energy technology.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• South Korea Glass Fibre Reinforced Plastic Market Outlook
• Market Size of South Korea Glass Fibre Reinforced Plastic Market
• Forecast of South Korea Glass Fibre Reinforced Plastic Market, 2031
• Historical Data and Forecast of South Korea Glass Fibre Reinforced Plastic Revenues & Volume for the Period 2021-2031
• South Korea Glass Fibre Reinforced Plastic Market Trend Evolution
• South Korea Glass Fibre Reinforced Plastic Market Drivers and Challenges
• South Korea Glass Fibre Reinforced Plastic Price Trends
• South Korea Glass Fibre Reinforced Plastic Porter's Five Forces
• South Korea Glass Fibre Reinforced Plastic Industry Life Cycle
• Historical Data and Forecast of South Korea Glass Fibre Reinforced Plastic Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of South Korea Glass Fibre Reinforced Plastic Market Revenues & Volume By Polyester for the Period 2021-2031
• Historical Data and Forecast of South Korea Glass Fibre Reinforced Plastic Market Revenues & Volume By Vinyl Ester for the Period 2021-2031
• Historical Data and Forecast of South Korea Glass Fibre Reinforced Plastic Market Revenues & Volume By Epoxy for the Period 2021-2031
• Historical Data and Forecast of South Korea Glass Fibre Reinforced Plastic Market Revenues & Volume By Polyurethane for the Period 2021-2031
• Historical Data and Forecast of South Korea Glass Fibre Reinforced Plastic Market Revenues & Volume By Peek Resin for the Period 2021-2031
• Historical Data and Forecast of South Korea Glass Fibre Reinforced Plastic Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of South Korea Glass Fibre Reinforced Plastic Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of South Korea Glass Fibre Reinforced Plastic Market Revenues & Volume By Wind Energy for the Period 2021-2031
• Historical Data and Forecast of South Korea Glass Fibre Reinforced Plastic Market Revenues & Volume By Transportation for the Period 2021-2031
• Historical Data and Forecast of South Korea Glass Fibre Reinforced Plastic Market Revenues & Volume By Marine for the Period 2021-2031
• Historical Data and Forecast of South Korea Glass Fibre Reinforced Plastic Market Revenues & Volume By Pipe & Tanks for the Period 2021-2031
• Historical Data and Forecast of South Korea Glass Fibre Reinforced Plastic Market Revenues & Volume By Others for the Period 2021-2031
• South Korea Glass Fibre Reinforced Plastic Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• South Korea Glass Fibre Reinforced Plastic Top Companies Market Share
• South Korea Glass Fibre Reinforced Plastic Competitive Benchmarking By Technical and Operational Parameters
• South Korea Glass Fibre Reinforced Plastic Company Profiles
• South Korea Glass Fibre Reinforced Plastic Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

• Polyester
• Vinyl Ester
• Epoxy
• Polyurethane
• Peek Resin
• Others

By Application

• Wind Energy
• Transportation
• Marine
• Pipe & Tanks
• Others