Glass Fiber Reinforced Plastic (GFRP) Composites Market Report 2026

Glass Fiber Reinforced Plastic (GFRP) Composites Market Overview

• Glass Fiber Reinforced Plastic (GFRP) Composites market size has reached to $27.95 billion in 2025 • Expected to grow to $39.85 billion in 2030 at a compound annual growth rate (CAGR) of 7.3% • Growth Driver: Growing Construction Industry Is Driving The Growth Of The Glass Fiber Reinforced Plastic (GFRP) Composites Market • Market Trend: Advancements In Sustainable Glass Fiber Reinforced Plastic (GFRP) Recycling Technology • Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Glass Fiber Reinforced Plastic (GFRP) Composites Market?

Glass Fiber Reinforced Plastic (GFRP), also known as fiberglass, is a composite material made of a polymer matrix reinforced with glass fibers. The polymer, usually an epoxy, polyester, or vinyl ester, acts as the binding matrix, while the glass fibers provide strength and stiffness. GFRP is widely used in various industries for applications requiring durability and a high strength-to-weight ratio. The main resin types for glass fiber reinforced plastic (GFRP) composites are thermoplastic, polyurethane, polyester, epoxy, vinyl ester, and others. Thermoplastic resins are versatile plastics that can be repeatedly heated, molded, and hardened without chemical alteration. The glass type, such as S-glass. C-glass, E-glass, and others are manufactured by various manufacturing processes, including compression molding, injection molding, layup, filament winding, pultrusion, resin transfer molding (RTM), and vacuum-assisted resin transfer molding (VARTM), among others. They are used by several end-users, such as transportation, renewable energy, electric and electronics, military and defense, telecommunication, building and construction, and others.

What Is The Glass Fiber Reinforced Plastic (GFRP) Composites Market Growth Forecast?

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.

Global Glass Fiber Reinforced Plastic (GFRP) Composites Market Segmentation

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

What Is The Driver Of The Glass Fiber Reinforced Plastic (GFRP) Composites Market?

The growing construction industry is expected to propel the growth of the glass fiber-reinforced plastic (GFRP) composite market going forward. The construction industry refers to the activities involved in building and assembling infrastructure and buildings. Urbanization stimulates construction activities because expanding populations in cities create demand for new housing, infrastructure, and commercial spaces, which fuels ongoing construction projects. Glass fiber reinforced plastic (GFRP) composites are lightweight, durable materials, providing corrosion resistance and extending structural lifespan. The material reinforces concrete effectively, enhances design flexibility, and avoids rust and electromagnetic interference. For instance, in February 2025, according to the US Census Bureau, a US-based government statistical agency, construction spending in 2024 was about US$ 2, 154.4 billion, which was 6.5% higher than the approximately US$ 2, 023.7 billion recorded in 2023. Therefore, the growing construction industry is driving the growth of the glass fiber reinforced plastic (GFRP) composites industry.

Key Players In The Global Glass Fiber Reinforced Plastic (GFRP) Composites Market

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.

Global Glass Fiber Reinforced Plastic (GFRP) Composites Market Trends and Insights

Major companies operating in the glass fiber reinforced plastic (GFRP) composites market are developing advanced solutions in relation to glass fiber reinforced plastic (GFRP) recycling technology to enhance sustainability and reduce environmental impact. Glass fiber-reinforced plastic recycling technology aims to recover and reuse glass fibers from discarded GFRP materials, addressing environmental concerns by enabling the efficient recycling of both fibers and resins. For instance, in October 2023, Toray Industries Inc., a Japan-based textile industry company, launched Glass fiber-reinforced polyphenylene sulfide (GFRP-PPS) recycling technology. It has equivalent mechanical strength to virgin PPS, even with 50% or more recycled content. They use proprietary compounding techniques to combine PPS resin with specific reinforcing fibers, which reduces glass fiber shortening and breaking during recycling. The product also cuts CO2 emissions by at least 40 percent. Its outstanding heat and chemical resistance makes it suitable for various industrial applications, including electronic components and electric vehicle parts.

What Are Latest Mergers And Acquisitions In The Glass Fiber Reinforced Plastic (GFRP) Composites Market?

In November 2023, Hill & Smith PLC, a UK based provider of sustainable infrastructure products and engineered solution services, acquired United Fiberglass of America Inc. for US$ 14.0 million. With this acquisition, Hill & Smith aims to expand its composite offerings into lightweight, corrosion resistant infrastructure components by integrating United Fiberglass’s portfolio of composite pipe, conduit, and bridge drain systems into its existing composites division. United Fiberglass of America Inc. is a US based manufacturer of fiber reinforced polymer (FRP) composite infrastructure products, including glass fiber reinforced composite pipes and conduit systems relevant to utilities, transportation, and industrial markets.

Regional Outlook

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 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 Glass Fiber Reinforced Plastic (GFRP) Composites Market?

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.

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 Glass Fiber Reinforced Plastic (GFRP) Composites Market Report 2026?

The glass fiber reinforced plastic (gfrp) composites market research report is one of a series of new reports from The Business Research Company that provides market statistics, including Market Report 2026?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 glass fiber reinforced plastic (gfrp) composites Market Report 2026? 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 Market Report 2026?