Fiber-Reinforced Polymers (FRP) And Composites Market Report 2026

Fiber-Reinforced Polymers (FRP) And Composites Market Overview

• Fiber-Reinforced Polymers (FRP) And Composites market size has reached to $83.46 billion in 2025 • Expected to grow to $114.5 billion in 2030 at a compound annual growth rate (CAGR) of 6.6% • Growth Driver: Increasing Adoption Of Electric Vehicles Driving The Growth Of The Market Due To Rising Demand For Lightweight, Energy-efficient, And High-performance Materials • Market Trend: Next-Generation Thermoplastic Composites Transforming The FRP Landscape • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Fiber-Reinforced Polymers (FRP) And Composites Market?

Fiber-reinforced polymer (FRP) composites are advanced materials engineered by combining high-strength fibers, such as glass, carbon, or aramid, with a polymer matrix, typically an epoxy, polyester, or vinyl ester resin. This synergistic combination results in a material that exhibits superior properties, including a high strength-to-weight ratio, excellent corrosion resistance, design flexibility, and exceptional durability, making it a preferred alternative to traditional materials like steel, aluminum, and wood across a multitude of industries. The main product material of fiber-reinforced polymers and composites include glass fiber reinforced polymer (GFRP) composites, carbon fiber reinforced polymer (CFRP) composites, basalt fiber reinforced polymer (BFRP) composites, and aramid fiber reinforced polymer (AFRP) composites. Glass fiber reinforced polymer (GFRP) composites are widely used due to their cost-effectiveness, good strength-to-weight ratio, corrosion resistance, and versatility across various industrial applications and the resin types include thermoset and thermoplastic. There are application materials include automotive, construction, electronic, defense, and others.

What Is The Fiber-Reinforced Polymers (FRP) And Composites Market Growth Forecast?

The fiber-reinforced polymers (FRP) and composites market size is expected to see strong growth in the next few years. It will grow to $114.5 billion by 2030 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing substitution of metals with composites, rising demand for corrosion-resistant structures, expansion of large-scale infrastructure projects, growth in aerospace and defense modernization, advancement in composite recycling technologies. Major trends in the forecast period include increasing use of frp composites in aerospace and defense structural components, rising adoption in civil construction reinforcement and retrofitting applications, growing demand for corrosion-resistant materials in marine environments, expansion of lightweight material substitution in automotive structures, development of advanced resin infusion and pultrusion manufacturing techniques.

Global Fiber-Reinforced Polymers (FRP) And Composites Market Segmentation

1) By Product Material: Glass Fiber Reinforced Polymer (GFRP) Composites, Carbon Fiber Reinforced Polymer (CFRP) Composites, Basalt Fiber Reinforced Polymer (BFRP) Composites, Aramid Fiber Reinforced Polymer (AFRP) Composites 2) By Resin Type: Thermoset, Thermoplastic 3) By Application Material: Automotive, Construction, Electronic, Defense, Other Application Materials Subsegments: 1) By Glass Fiber Reinforced Polymer Composites: E Glass Fiber Reinforced Polymer, S Glass Fiber Reinforced Polymer, Alkali Resistant Glass Fiber Reinforced Polymer, High Strength Glass Fiber Reinforced Polymer 2) By Carbon Fiber Reinforced Polymer Composites: Standard Modulus Carbon Fiber Reinforced Polymer, Intermediate Modulus Carbon Fiber Reinforced Polymer, High Modulus Carbon Fiber Reinforced Polymer, Ultra High Modulus Carbon Fiber Reinforced Polymer 3) By Basalt Fiber Reinforced Polymer Composites: Continuous Basalt Fiber Reinforced Polymer, Chopped Basalt Fiber Reinforced Polymer, Woven Basalt Fiber Reinforced Polymer, Unidirectional Basalt Fiber Reinforced Polymer 4) By Aramid Fiber Reinforced Polymer Composites: Para Aramid Fiber Reinforced Polymer, Meta Aramid Fiber Reinforced Polymer, Hybrid Aramid Fiber Reinforced Polymer, Woven Aramid Fiber Reinforced Polymer

What Is The Driver Of The Fiber-Reinforced Polymers (FRP) And Composites Market?

The increasing adoption of electric vehicles is expected to propel the growth of the fiber-reinforced polymers (FRP) and composites market going forward. Electric vehicles (EVs) are automobiles powered by electric motors using energy stored in rechargeable batteries, offering a cleaner alternative to internal combustion engine vehicles. The rise in EV adoption is driven by supportive government policies and growing environmental concerns aimed at reducing carbon emissions. Fiber-reinforced polymers and composites support electric vehicle adoption by enabling lightweight vehicle structures, which improve energy efficiency, extend driving range, and enhance overall vehicle performance while maintaining strength and durability. For instance, in April 2024, according to the International Energy Agency, a France-based intergovernmental organization, global electric car sales neared 14 million units in 2023, representing a 35% increase compared to 2022, with electric vehicles accounting for around 18% of total car sales. Therefore, the increasing adoption of electric vehicles is driving the growth of the fiber-reinforced polymers (FRP) and composites industry.

Key Players In The Global Fiber-Reinforced Polymers (FRP) And Composites Market

Major companies operating in the fiber-reinforced polymers (FRP) and composites market are BASF SE, Compagnie de Saint-Gobain S.A., Mitsubishi Chemical Group Corporation, Toray Industries Inc., Evonik Industries AG, DuPont de Nemours Inc., Owens Corning, LANXESS AG, Teijin Limited, Nippon Electric Glass Co. Ltd., Hexcel Corporation, SGL Carbon SE, Kordsa Teknik Tekstil A.Ş., Gurit Holding AG, RTP Company, SAERTEX GmbH & Co. KG, China Jushi Co. Ltd., Strongwell Corporation, Norplex-Micarta, Engineered Composites Ltd., American Grating LLC.

Global Fiber-Reinforced Polymers (FRP) And Composites Market Trends and Insights

Major companies operating in the fiber-reinforced polymers (FRP) and composites market are focusing on technological advancements, such as advanced thermoplastic composite materials, to address the growing demand for lightweight, high-strength, and recyclable materials across automotive, aerospace, and industrial applications. Advanced thermoplastic composites are fiber-reinforced materials that utilize thermoplastic resins as the matrix, offering enhanced impact resistance, faster processing cycles, and improved recyclability compared to conventional thermoset-based composites. For instance, in September 2024, Toray Industries, Inc., a Japan-based advanced materials manufacturer, introduced Toray Cetex TC1130 PESU thermoplastic composite, a high-performance material engineered for aerospace interior and structural applications. Based on polyethersulfone (PESU) resin reinforced with continuous carbon fiber, it delivers superior flame retardancy, thermal stability, and mechanical strength. The material supports efficient processing through thermoforming and welding, meets stringent fire, smoke, and toxicity (FST) standards, and contributes to weight reduction, enhancing its suitability for advanced aerospace components.

What Are Latest Mergers And Acquisitions In The Fiber-Reinforced Polymers (FRP) And Composites Market?

In October 2023, Mitsubishi Chemical Group Corporation, a Japan-based provider of specialty chemicals and advanced material solutions, including polymers and composite materials, acquired CPC SRL for an undisclosed amount. With this acquisition, Mitsubishi Chemical sought to strengthen and vertically integrate its carbon fiber reinforced plastic (CFRP) supply chain and expand its advanced composites footprint in automotive applications. CPC SRL is an Italy-based manufacturer of carbon fiber reinfor-retooling,inforcedced plastic automotive components, specializing in the design, molding, tooling, and assembly of composite parts used in lightweight vehicle structures.

Regional Insights

North America was the largest region in the fiber-reinforced polymers (FRP) and composites market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Fiber-Reinforced Polymers (FRP) And Composites Market?

The fiber-reinforced polymer (FRP) composites market consists of sales of glass fiber reinforced polymer panels, carbon fiber reinforced polymer sheets, aramid fiber reinforced polymer laminates, composite pipes, composite tanks, composite gratings, and composite aerospace components. 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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in the Fiber-Reinforced Polymers (FRP) And Composites Market Report 2026?

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