Glass Fiber Reinforced Plastic (GFRP) Composites Market Report 2025

This Glass Fiber Reinforced Plastic (GFRP) Composites market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The glass fiber reinforced plastic (GFRP) composites market size has grown strongly in recent years. It will grow from $26.15 billion in 2024 to $28.23 billion in 2025 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to increasing infrastructure investments, increasing sustainability focus, increasing research and development, increasing use of eco-friendly materials, and increasing the growing wind energy sector.

The glass fiber reinforced plastic (GFRP) composites market size is expected to see strong growth in the next few years. It will grow to $37.97 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to the expansion of the automotive industry, infrastructure development, growth in electrical and electronics sector, shift from metal to composite materials, and government investments in renewable energy. Major trends in the forecast period include the development of high-performance resins, automated and robotics manufacturing, real-time quality control systems, optimized fiber reinforcement, and integration of augmented reality (AR).

The expanding construction industry is expected to drive growth in the glass fiber-reinforced plastic (GFRP) composite market. The construction industry encompasses activities related to building and assembling infrastructure and buildings. Urbanization fuels construction as growing city populations create demand for new housing, infrastructure, and commercial spaces, leading to continued construction projects. GFRP composites, known for their lightweight and durable properties, offer corrosion resistance and extend the lifespan of structures. They enhance concrete reinforcement, provide design flexibility, and prevent rust and electromagnetic interference. For example, in February 2023, the Office for National Statistics, a UK-based government department, reported a 5.6% increase in annual construction output in 2022 compared to 2021, following a record rise of 12.8% in 2021. Thus, the growing construction industry is driving demand for GFRP composites.

Major companies in the glass fiber-reinforced plastic (GFRP) composites market are advancing recycling technologies to boost sustainability and minimize environmental impact. GFRP recycling technology focuses on recovering and reusing glass fibers from discarded GFRP materials, addressing environmental concerns by enabling efficient recycling of both fibers and resins. For example, in October 2023, Toray Industries Inc., a Japan-based textile company, introduced a Glass Fiber-Reinforced Polyphenylene Sulfide (GFRP-PPS) recycling technology. This technology maintains mechanical strength comparable to that of virgin PPS even with over 50% recycled content. Toray uses proprietary compounding methods to integrate PPS resin with specific reinforcing fibers, reducing fiber shortening and breaking during recycling. The technology also reduces CO2 emissions by at least 40% and offers exceptional heat and chemical resistance, making it suitable for various industrial uses, including electronic components and electric vehicle parts.

In April 2022, Gurit Holding AG, a Switzerland-based supplier of composite materials, acquired a 60% stake in Fiberline Composites A/S for an undisclosed amount. This acquisition aims to enhance Gurit Holding's position in the wind energy sector by incorporating advanced pultruded carbon and glass fiber products into its portfolio. Fiberline Composites A/S is a Denmark-based manufacturer of glass fiber-reinforced plastic (GFRP) composites, including fiberglass.

Major companies operating in the glass fiber reinforced plastic (GFRP) composites market are Reliance Industries, Mitsubishi Chemical Group Corporation, Asahi Kasei Corporation, Toray Industries Inc., Owens Corning, Celanese Corporation, Huntsman International LLC, Hexcel Corporation, SGL Carbon SE, Saint-Gobain Group, Röchling SE & Co. KG, 3B-the Fiberglass Company, Pultrall Inc., Advanced Composites Inc., Jiuding New Material Co. Ltd., Tuf-Bar Inc., Tribeni Fiber Pvt Ltd., Stromberg Architectural, Everest Composites Pvt. Ltd., RG Fibrotech Private Limited, Chongqing Dujiang Composites Co. Ltd.

Asia-Pacific was the largest region in the glass fiber reinforced plastic (GFRP) composites market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glass fiber reinforced plastic (GFRP) composites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the glass fiber reinforced plastic (GFRP) composites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Glass fiber reinforced plastic (GFRP), commonly known as fiberglass, is a composite material consisting of a polymer matrix reinforced with glass fibers. The polymer, typically epoxy, polyester, or vinyl ester, serves as the binding matrix, while the glass fibers provide strength and stiffness. GFRP is utilized across various industries for applications demanding durability and a high strength-to-weight ratio.

The main resin types for GFRP composites include thermoplastic, polyurethane, polyester, epoxy, vinyl ester, and others. Thermoplastic resins are versatile plastics that can be repeatedly heated, molded, and hardened without undergoing chemical changes. Glass types used in GFRP include S-glass, C-glass, and E-glass. Manufacturing processes for GFRP involve techniques such as compression molding, injection molding, layup, filament winding, pultrusion, resin transfer molding (RTM), and vacuum-assisted resin transfer molding (VARTM). GFRP is used by various end-users including those in transportation, renewable energy, electronics, military and defense, telecommunications, building and construction, and other sectors.

The glass fiber reinforced plastic (GFRP) composites market research report is one of a series of new reports that provides glass fiber reinforced plastic (GFRP) composites market statistics, including glass fiber reinforced plastic (GFRP) composites industry global market size, regional shares, competitors with a glass fiber reinforced plastic (GFRP) composites market share, detailed glass fiber reinforced plastic (GFRP) composites market segments, market trends, and opportunities, and any further data you may need to thrive in the glass fiber reinforced plastic (GFRP) composites industry. This glass fiber reinforced plastic (GFRP) composites market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The glass fiber reinforced plastic (GFRP) composites market consists of sales of automotive components, aerospace parts, building materials, sports equipment, and consumer goods. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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