The Glass Fiber Reinforced Plastic (GFRP) Composites Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Glass Fiber Reinforced Plastic (GFRP) Composites Market?
The market size of the Glass Fiber Reinforced Plastic (GFRP) Composites Global Market has experienced substantial growth recently. Its size is projected to increase from $26.15 billion in 2024 to $28.23 billion in 2025. This represents a compound annual growth rate (CAGR) of 8.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Glass Fiber Reinforced Plastic (GFRP) Composites Industry?
The Glass Fiber Reinforced Plastic (GFRP) Composites global market is predicted to grow to $37.97 billion by 2029, with a compound annual growth rate (CAGR) of 7.7%.
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What are the Key Growth Drivers Fueling the Glass Fiber Reinforced Plastic (GFRP) Composites Market?
The key drivers in the glass fiber reinforced plastic (gfrp) composites market are:
•Expansion of the automotive industry
•Infrastructure development
•Growth in electrical and electronics sector
•Shift from metal to composite materials
•Government investments in renewable energy
Global Market Segmentation: Identifying Major Glass Fiber Reinforced Plastic (GFRP) Composites Industry Segments
The glass fiber reinforced plastic (GFRP) composites market covered in this report is segmented –
1) By Resin Type: Thermoplastic, Polyurethane, Polyester, Epoxy, Vinyl Ester, Other Resin Types
2) By Glass Type: S-Glass, C-Glass, E-Glass, Other Glass Types
3) By Manufacturing Process: Compression Molding, Injection Molding, Layup, Filament Winding, Pultrusion, Resin Transfer Molding (RTM) And Vacuum-Assisted Resin Transfer Molding (VARTM), Other Manufacturing Processes
4) By End-User: Transportation, Renewable Energy, Electric And Electronics, Military And Defense, Telecommunication, Building And Construction, Other End-Users
Subsegments:
1) By Thermoplastic: Polypropylene (PP), Polyamide (PA), Polyethylene (PE), Polyvinyl Chloride (PVC), Acrylonitrile Butadiene Styrene (ABS)
2) By Polyurethane: Rigid Polyurethane Composites, Flexible Polyurethane Composites, Polyurethane Foam Composites
3) By Polyester: Unsaturated Polyester Resin (UPR), Isophthalic Polyester, Orthophthalic Polyester
4) By Epoxy: Bisphenol-A (BPA) Epoxy Resin, Novolac Epoxy Resin, Specialty Epoxy Resin For Composites
5) By Vinyl Ester: Standard Vinyl Ester Resin, Specialty Vinyl Ester Resin, Vinyl Ester Resin For Corrosion Resistance
6) By Other Resin Types: Phenolic Resin, Bismaleimide (BMI) Resin, Polyimide Resin, Cyanate Ester Resin
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What are the emerging Trends Shaping the Future of the Glass Fiber Reinforced Plastic (GFRP) Composites Market?
The key trends in the glass fiber reinforced plastic (gfrp) composites market are:
•The development of high-performance resins is an emerging trend in the GFRP composites market.
•Automation and robotics manufacturing is shaping the future of the market.
•Real-time quality control systems are increasingly becoming significant in the GFRP composites market.
•The integration of augmented reality (AR) is a rising trend in the industry.
Who Are the Top Competitors & Leading Players in the Glass Fiber Reinforced Plastic (GFRP) Composites Market?
Major players 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.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the glass fiber reinforced plastic (GFRP) composites market in 2024
