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

South Korea Glass Reinforced Plastic Market Highlights

Topics Covered in South Korea Glass Reinforced Plastic Market Report

South Korea Glass Reinforced Plastic Market report thoroughly covers the market by Type, Method, Application and End-Use. 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 Reinforced Plastic Market Synopsis

South Korea glass reinforced plastic market is experiencing dynamic growth, fuelled by burgeoning demand from sectors such as building and construction, transportation, and electrical and electronics. Known for their numerous advantages such as durability, versatility, and thermal resistance. Notable market players leverage technological innovations and industry expertise to cater to diverse consumer demands.

According to 6Wresearch, South Korea Glass Reinforced Plastic Market size is expected to grow at a CAGR of 3.8% during 2025-2031. The South Korea Glass Reinforced Plastic market size is expected to expand at a significant rate during the given forecast period driven by the growing need for durable and versatile materials in various industries coupled with government backing for technological advancements. The industry’s growth will be further uplifted by the trend towards sustainable and environmentally friendly materials.

Despite the escalating demand and prospective growth in the South Korea Glass Reinforced Plastic Market, certain challenges such as high production costs and fluctuating raw material prices may obstruct its progression.

South Korea Glass Reinforced Plastic Industry: Leading Players

In the South Korean glass reinforced plastic industry, key players include Hyosung, Hanwha Chemical, and LG Chem. Hyosung is acclaimed for its broad portfolio of glass reinforced plastic solutions catering to various industries, including automotive, electrical, and construction. Hanwha Chemical is a leading player known for its cutting-edge composite materials technologies, specializing in high-performance glass reinforced plastics for wind turbines, water storage tanks, and more. LG Chem excels in producing high-quality glass reinforced plastics used in a wide array of applications. These companies dominate the South Korean market with their innovative products and robust manufacturing capabilities.

Glass Reinforced Plastic Market in South Korea: Government Regulations

Regulations governing the Glass Reinforced Plastic market in South Korea mainly focus on product quality, safety standards, and environmental sustainability. Through agencies like the Ministry of Environment and the Ministry of Trade, Industry and Energy, the South Korean government implement stringent regulations on the production, use, and disposal of Glass Reinforced Plastics. These regulations aim to reduce environmental impact by promoting recycling initiatives and controlling emissions during production processes. Additionally, standards such as the Korean Industrial Standards (KS) certification ensure Glass Reinforced Plastic products meet specified criteria for durability and safety, enhancing consumer confidence and market growth.

Future Insights of the Market

The Glass Reinforced Plastic market in South Korea is primed for continued growth and innovation. Emerging trends indicate a shift towards sustainable materials and processes, driven by environmental concerns and regulatory requirements. Technological advancements will further elevate the performance and versatility of Glass Reinforced Plastic products, opening up new applications across industries such as building and construction, transportation, and electrical and electronics. 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 Glass Reinforced Plastic solutions, positioning South Korea as a crucial player in the global market.

Market Segmentation by Type

According to Ravi Bhandari, Research Head, 6Wresearch, the Epoxy type is expected to grow the most during the forecast period due to its excellent mechanical properties and chemical resistance.

Market Segmentation by Method

The Moulding Method segment is projected to experience significant growth due to its cost-effectiveness and versatility in creating complex shapes.

Market Segmentation by Application

The Pipes and Tanks application segment is forecast to grow the most due to increasing demand in building and construction, and water and wastewater industries.

Market Segmentation by End-Use

The Building and Construction end-use segment is expected to grow the most due to the increasing need for durable and versatile materials in the industry.

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 Reinforced Plastic Market Outlook
• Market Size of South Korea Glass Reinforced Plastic Market, 2024
• Forecast of South Korea Glass Reinforced Plastic Market, 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Revenues & Volume for the Period 2021 - 2031
• South Korea Glass Reinforced Plastic Market Trend Evolution
• South Korea Glass Reinforced Plastic Market Drivers and Challenges
• South Korea Glass Reinforced Plastic Price Trends
• South Korea Glass Reinforced Plastic Porter's Five Forces
• South Korea Glass Reinforced Plastic Industry Life Cycle
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Type for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Epoxy for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Polyester for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Vinyl Ester for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Polyurethane for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Others for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Method for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Moulding Method for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Pultrusion Method for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Layup for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Others for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Pipes and Tanks for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Wind Power Turbines for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Storage Containers for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Roofs for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Floor Gratings for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Steps and Stairs for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Switch Actuators for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Others for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By End-Use for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Building and Construction for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Transportation for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Electrical and Electronics for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Oil and Gas for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Mining for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Water and Wastewater for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Glass Reinforced Plastic Market Revenues & Volume By Others for the Period 2021 - 2031
• South Korea Glass Reinforced Plastic Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Method
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By End-Use
• South Korea Glass Reinforced Plastic Top Companies Market Share
• South Korea Glass Reinforced Plastic Competitive Benchmarking By Technical and Operational Parameters
• South Korea Glass Reinforced Plastic Company Profiles
• South Korea Glass Reinforced Plastic Key Strategic Recommendations

Market Covered

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

By Type

• Epoxy
• Polyester
• Vinyl Ester
• Polyurethane
• Others

By Method

• Moulding Method
• Pultrusion Method
• Layup
• Others

By Application

• Pipes And Tanks
• Wind Power Turbines
• Storage Containers
• Roofs
• Floor Gratings
• Steps And Stairs
• Switch Actuators
• Others

By End-Use

• Building And Construction
• Transportation
• Electrical And Electronics
• Oil And Gas
• Mining
• Water And Wastewater
• Others