Glass Fiber Reinforced Plastic (GFRP) Composites Market Report 2026

The glass fiber reinforced plastic (gfrp) composites market size has grown strongly in recent years. It will grow from $27.95 billion in 2025 to $30.03 billion in 2026 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to expansion of construction and infrastructure projects, growing use of composites in transportation, increased demand for corrosion-resistant materials, advancements in resin and fiber technologies, rising adoption of composite manufacturing processes.

The glass fiber reinforced plastic (gfrp) composites market size is expected to see strong growth in the next few years. It will grow to $39.85 billion in 2030 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increasing demand for lightweight electric vehicle components, growth in renewable energy installations, expansion of composite use in aerospace and defense, rising investments in advanced manufacturing, innovation in recyclable composite materials. Major trends in the forecast period include rising adoption of lightweight composite materials, growing use of gfrp in structural applications, expansion of automated composite manufacturing processes, increased focus on corrosion-resistant materials, adoption of high strength-to-weight ratio components.

The expanding construction industry is expected to drive the growth of the glass fiber-reinforced plastic (GFRP) composites market in the coming years. The construction industry encompasses activities related to the development and assembly of infrastructure and buildings. Urbanization accelerates construction activity, as growing urban populations increase the demand for residential housing, infrastructure, and commercial facilities, thereby sustaining continuous construction projects. Glass fiber-reinforced plastic (GFRP) composites are lightweight and durable materials that offer corrosion resistance and help extend structural service life. These materials effectively reinforce concrete, improve design flexibility, and eliminate issues related to rust and electromagnetic interference. For example, in February 2025, according to the US Census Bureau, a US-based government statistical agency, construction spending in 2024 totaled approximately US$2.15 trillion, representing a 6.5% increase from about US$2.02 trillion in 2023. Therefore, the growing construction industry is contributing to the growth of the glass fiber-reinforced plastic (GFRP) composites market.

Key players operating in the glass fiber-reinforced plastic (GFRP) composites market are advancing solutions related to GFRP recycling technologies to improve sustainability and reduce environmental impact. Glass fiber-reinforced plastic recycling technologies focus on recovering and reusing glass fibers from end-of-life GFRP materials, addressing environmental challenges by enabling efficient recycling of both fibers and resins. For instance, in October 2023, Toray Industries Inc., a Japan-based textile and materials company, introduced glass fiber-reinforced polyphenylene sulfide (GFRP-PPS) recycling technology. This technology delivers mechanical strength comparable to virgin PPS, even with recycled content exceeding 50%. The solution employs proprietary compounding methods that combine PPS resin with specific reinforcing fibers, minimizing glass fiber shortening and breakage during recycling. In addition, the product reduces CO₂ emissions by at least 40%. Its strong heat and chemical resistance makes it suitable for a range of industrial applications, including electronic components and electric vehicle parts.

In November 2023, Hill & Smith PLC, a UK-based provider of sustainable infrastructure products and engineered solutions, acquired United Fiberglass of America Inc. for US$14 million. Through this acquisition, Hill & Smith sought to broaden its composite product offerings to include lightweight, corrosion-resistant infrastructure components by incorporating United Fiberglass’s portfolio of composite pipes, conduits, and bridge drainage systems into its existing composites division. United Fiberglass of America is a US-based manufacturer of fiber-reinforced polymer (FRP) composite infrastructure products, including glass fiber-reinforced composite pipes and conduit systems serving utility, transportation, and industrial markets.

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 2025. 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, South East Asia, 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, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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