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GFRP Composites - Global Strategic Business Report

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    Report

  • 294 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805040

Global GFRP Composites Market to Reach $76.3 Billion by 2030

The global market for GFRP Composites estimated at US$55.7 Billion in the year 2022, is projected to reach a revised size of US$76.3 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030. Polyester, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$31.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Epoxy Resins segment is readjusted to a revised 4.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $15.2 Billion, While China is Forecast to Grow at 6.9% CAGR

The GFRP Composites market in the U.S. is estimated at US$15.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$16 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.2 Billion by the year 2030.

Select Competitors (Total 42 Featured) -

  • Advanced Composites, Inc.
  • Agy Holdings Corp.
  • Asahi Fiber Glass Co., Ltd.
  • BGF Industries, Inc.
  • Celanese Corporation
  • China Beihai Fiberglass Co. Ltd.
  • China National Building Materials Group Co., Ltd.
  • Chongqing Polycomp International Corporation
  • Jiangsu Jiuding New Materials Co., Ltd.
  • John Manville
  • Nippon Sheet Glass Co., Ltd.
  • Nitto Boseki Co., Ltd.
  • Owens Corning
  • Pfg Fiberglass Corporation
  • PPG Industries, Inc.
  • Quantum Composites, Inc.
  • Reliance Industries Ltd.
  • SAERTEX GmbH & Co.KG
  • Saint-Gobain SA
  • Taishan Fiberglass, Inc.


What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for GFRP Composites

What is the estimated value of the Global Market for GFRP Composites?

The Global Market for GFRP Composites was estimated to be valued at $55.7 Billion in 2022.

What is the growth rate of the Global Market for GFRP Composites?

The growth rate of the Global Market for GFRP Composites is 4.0%, with an estimated value of $76.3 Billion by 2030.

What is the forecasted size of the Global Market for GFRP Composites?

The Global Market for GFRP Composites is estimated to be worth $76.3 Billion by 2030.

Who are the key companies in the Global Market for GFRP Composites?

Key companies in the Global Market for GFRP Composites include Advanced Composites, Inc., Agy Holdings Corp., Asahi Fiber Glass Co., Ltd., BGF Industries, Inc., Celanese Corporation, China Beihai Fiberglass Co. Ltd., China National Building Materials Group Co., Ltd., Chongqing Polycomp International Corporation, Jiangsu Jiuding New Materials Co., Ltd. and John Manville.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • GFRP Composites - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Market Review
  • Definition
  • State of Global Composites Industry
  • North America and Asia-Pacific: Major Markets For Growth
  • A Look into the Fastest Growing Market for GFRP Composites
  • Usage of GFRP Composites on Rise Led by Product Characteristics and Applications
  • Market Dynamics of GFRP Composites
  • High Investment and Cost of Technology Remain Major Restraining Factors
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Factors Propelling Demand for Glass Fiber & Glass Fiber Reinforced Plastic (GFRP) Composites
  • Use of Composites in Infrastructure Applications on Rise
  • Drive for Fuel-Efficient Vehicles Spurs Demand for GRFC Composites
  • Electrical & Electronics sector to Create New Market Opportunities
  • Miniaturization Trend Drive Search for High Performance Materials
  • Agricultural Equipment Emerge as a Growing Market for Composites
  • NoTable Trends in the Composites Market
  • Price Fluctuations of Raw Materials to show Downward Trend
  • Emerging Economies to Drive Demand Glass Fiber Reinforced Plastics (GFRP) composites
  • Consolidation Remains Rife in the Industry
  • Agriculture Sprayers: Vital Role in Managing Crop Production
  • Growth in Use of Composites in Aerospace Applications
  • FRP Bridge Posts Healthy Growth
  • Application of GRPF Composites in Wind Energy
  • New Offshore Wind Projects Add to Market Opportunities
  • Global Investments in Renewable Energy
  • Compression & Injection Molding Manufacturing Industry Bolster the Glass Fiber Reinforced Plastics (GFRP) composites market
  • End-Use Industries to Drive GFRP Composites Market
  • Low-voltage Switchgear Market Drivers and Restraints
  • Revival of Construction Industry to Drive Demand GFRP Composites
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Epoxy Resins by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Epoxy Resins by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Epoxy Resins by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Polyester by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Polyester by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Polyester by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Vinyl Ester by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Vinyl Ester by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Vinyl Ester by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Polyurethane by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Polyurethane by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Polyurethane by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Thermoplastic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Thermoplastic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Thermoplastic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Other Resins by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Other Resins by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Other Resins by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World GFRP Composites Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 20: World Recent Past, Current & Future Analysis for GFRP Composites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 21: World Historic Review for GFRP Composites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 22: World 16-Year Perspective for GFRP Composites by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 24: World Historic Review for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 25: World 16-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Construction & Infrastructure by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 27: World Historic Review for Construction & Infrastructure by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 28: World 16-Year Perspective for Construction & Infrastructure by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Electrical & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 30: World Historic Review for Electrical & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 31: World 16-Year Perspective for Electrical & Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 32: World Recent Past, Current & Future Analysis for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 33: World Historic Review for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 34: World 16-Year Perspective for Marine by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 35: World Recent Past, Current & Future Analysis for Wind Energy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 36: World Historic Review for Wind Energy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 37: World 16-Year Perspective for Wind Energy by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 38: World Recent Past, Current & Future Analysis for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 39: World Historic Review for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 40: World 16-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 41: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 42: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 43: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • GFRP Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Active Players in United States
  • US to Release Standards for Use of Composites in Infrastructure
  • Aging Infrastructure in Urgent Need of Rehabilitation and Repair: An Opportunity to Tap for Composite Materials in the US
  • US Construnction Industry Spending: 2000-2022
CANADA
  • Active Players in Canada
JAPAN
  • GFRP Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Active Players in Japan
CHINA
  • GFRP Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Active Players in China
EUROPE
  • GFRP Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • GFRP Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Active Players in France
GERMANY
  • GFRP Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Active Players in Germany
ITALY
  • Active Players in Italy
UNITED KINGDOM
  • GFRP Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Active Players in United Kingdom
SPAIN
  • Active Players in Spain
RUSSIA
  • Active Players in Russia
REST OF EUROPE
  • Active Players in Rest of Europe
ASIA-PACIFIC
  • GFRP Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • GFRP Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • Active Players in Australia
INDIA
  • GFRP Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • Active Players in India
SOUTH KOREA
  • Active Players in South Korea
REST OF ASIA-PACIFIC
  • Active Players in Rest of Asia-Pacific
LATIN AMERICA
  • GFRP Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINA
  • Active Players in Argentina
BRAZIL
  • Active Players in Brazil
MEXICO
  • Active Players in Mexico
REST OF LATIN AMERICA
  • Active Players in Rest of Latin America
MIDDLE EAST
  • GFRP Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRAN
  • Active Players in Iran
ISRAEL
  • Active Players in Israel
SAUDI ARABIA
  • Active Players in Saudi Arabia
UNITED ARAB EMIRATES
  • Active Players in United Arab Emirates
REST OF MIDDLE EAST
  • Active Players in Rest of Middle East
AFRICA
  • GFRP Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
  • Active Players in Africa
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Advanced Composites, Inc.
  • Agy Holdings Corp.
  • Asahi Fiber Glass Co., Ltd.
  • BGF Industries, Inc.
  • Celanese Corporation
  • China Beihai Fiberglass Co. Ltd.
  • China National Building Materials Group Co., Ltd.
  • Chongqing Polycomp International Corporation
  • Jiangsu Jiuding New Materials Co., Ltd.
  • John Manville
  • Nippon Sheet Glass Co., Ltd.
  • Nitto Boseki Co., Ltd.
  • Owens Corning
  • Pfg Fiberglass Corporation
  • PPG Industries, Inc.
  • Quantum Composites, Inc.
  • Reliance Industries Ltd.
  • SAERTEX GmbH & Co.KG
  • Saint-Gobain SA
  • Taishan Fiberglass, Inc.