Report Details
Introduction
- Rapid Market Expansion: The global Glass Fiber Reinforced Plastic (GFRP) Composites Market is witnessing strong growth momentum, projected to rise from an estimated USD 23.85 billion in 2024 to USD 52.60 billion by 2032, reflecting a robust CAGR of 10.25%. This surge highlights the growing adoption of lightweight and high-performance materials across diverse industries.
- Rising Demand Across Key Sectors: Increasing utilization of GFRP composites in automotive, aerospace, construction, marine, and wind energy applications is driving market growth. The material’s superior strength-to-weight ratio, corrosion resistance, and design flexibility are making it a preferred alternative to traditional metals and thermoplastics.
- Innovation and Sustainability at the Core: The market is evolving through advancements in resin chemistry, fiber technology, and manufacturing processes. Moreover, the global emphasis on sustainable and energy-efficient materials is further propelling demand for GFRP composites, positioning them as a critical component in the transition toward eco-friendly and high-performance engineering solutions.
Benchmarking analysis-Global Glass Fiber Reinforced Plastic (GFRP) Composites Market
- Comprehensive Industry Evaluation: The benchmarking analysis of the global Glass Fiber Reinforced Plastic (GFRP) Composites Market provides a detailed comparison of leading manufacturers, material innovations, and technology adoption strategies shaping market competitiveness in 2025 and beyond.
- Performance-Based Comparison: Key market players are benchmarked based on production capacity, cost efficiency, product performance, sustainability initiatives, and global reach, highlighting strategic advantages that influence their market positioning.
- Technological Advancement Leadership: Benchmarking emphasizes advancements in resin systems, fiber reinforcement technologies, and composite fabrication methods, enabling assessment of how innovation differentiates companies in terms of product durability, weight reduction, and recyclability.
- Sustainability and Circular Economy Metrics: The study evaluates how companies are integrating eco-friendly production processes, renewable feedstocks, and recycling solutions, aligning with global sustainability benchmarks and tightening environmental regulations.
- Strategic Growth and Regional Presence: The benchmarking framework identifies regional strengths, supply chain efficiency, and expansion strategies among top players, helping stakeholders understand which markets and operational models are leading global GFRP composite growth.
Segment and Key Players
1. By Type
1.1 Thermoset GFRP Composites
1.2 Thermoplastic GFRP Composites
1.3 Continuous Fiber GFRP Composites
1.4 Discontinuous Fiber GFRP Composites
2. By Manufacturing Process
2.1 Compression Molding
2.2 Injection Molding
2.3 Resin Transfer Molding (RTM)
2.4 Pultrusion
2.5 Filament Winding
2.6 Lay-Up Process (Hand Lay-Up, Spray-Up)
3. By Resin Type
3.1 Polyester Resin
3.2 Vinyl Ester Resin
3.3 Epoxy Resin
3.4 Polyurethane Resin
3.5 Phenolic Resin
3.6 Others (Acrylics, Polyamide, etc.)
4. By End-Use Industry
4.1 Automotive & Transportation
4.2 Aerospace & Defense
4.3 Building & Construction
4.4 Electrical & Electronics
4.5 Marine
4.6 Wind Energy
4.7 Consumer Goods
4.8 Industrial Equipment
5. By Region
5.1 North America
5.1.1 United States
5.1.2 Canada
5.1.3 Mexico
5.2 Europe
5.2.1 Germany
5.2.2 United Kingdom
5.2.3 France
5.2.4 Italy
5.2.5 Spain
5.2.6 Rest of Europe
5.3 Asia-Pacific
5.3.1 China
5.3.2 Japan
5.3.3 India
5.3.4 South Korea
5.3.5 Australia
5.3.6 Rest of Asia-Pacific
5.4 Latin America
5.4.1 Brazil
5.4.2 Argentina
5.4.3 Rest of Latin America
5.5 Middle East & Africa
5.5.1 Saudi Arabia
5.5.2 United Arab Emirates
5.5.3 South Africa
5.5.4 Rest of Middle East & Africa
6. Key Players (Global and Regional)
6.1 Owens Corning
6.2 Jushi Group Co., Ltd.
6.3 Nippon Electric Glass Co., Ltd.
6.4 Chongqing Polycomp International Corp. (CPIC)
6.5 PPG Industries, Inc.
6.6 Saint-Gobain S.A.
6.7 AOC, LLC
6.8 Polynt-Reichhold Group
6.9 BASF SE
6.10 SABIC
6.11 Taishan Fiberglass Inc.
6.12 Ashland Global Holdings Inc.
6.13 Hexcel Corporation
6.14 Lanxess AG
6.15 BFG Industries Inc.
6.16 AGY Holding Corp.
6.17 Huntsman International LLC
6.18 SGL Carbon SE
6.19 Teijin Limited
6.20 China Jushi Co., Ltd.
1. Executive Summary
1.1. Market Overview
1.2. Key Market Insights
1.3. Analyst Recommendations
1.4. Future Outlook
2. Market Introduction
2.1. Definition and Scope of GFRP Composites
2.2. Research Methodology
2.3. Market Segmentation Overview
2.4. Assumptions and Limitations
3. Market Dynamics
3.1. Key Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Emerging Trends
3.5. Regulatory and Environmental Landscape
3.6. Value Chain Analysis
3.7. Porter’s Five Forces Analysis
4. Global GFRP Composites Market Overview
4.1. Market Size and Forecast (2024–2032)
4.2. Market Share Analysis
4.3. Competitive Benchmarking
4.4. Technological Advancements
4.5. Impact of Macroeconomic Factors
5. Market Segmentation Analysis
5.1. By Type
5.1.1. Thermoset GFRP Composites
5.1.2. Thermoplastic GFRP Composites
5.1.3. Continuous Fiber GFRP Composites
5.1.4. Discontinuous Fiber GFRP Composites
5.2. By Manufacturing Process
5.2.1. Compression Molding
5.2.2. Injection Molding
5.2.3. Resin Transfer Molding (RTM)
5.2.4. Pultrusion
5.2.5. Filament Winding
5.2.6. Lay-Up Process (Hand Lay-Up, Spray-Up)
5.3. By Resin Type
5.3.1. Polyester Resin
5.3.2. Vinyl Ester Resin
5.3.3. Epoxy Resin
5.3.4. Polyurethane Resin
5.3.5. Phenolic Resin
5.3.6. Others (Acrylics, Polyamide, etc.)
5.4. By End-Use Industry
5.4.1. Automotive & Transportation
5.4.2. Aerospace & Defense
5.4.3. Building & Construction
5.4.4. Electrical & Electronics
5.4.5. Marine
5.4.6. Wind Energy
5.4.7. Consumer Goods
5.4.8. Industrial Equipment
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.1.3. Mexico
6.2. Europe
6.2.1. Germany
6.2.2. United Kingdom
6.2.3. France
6.2.4. Italy
6.2.5. Spain
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. Japan
6.3.3. India
6.3.4. South Korea
6.3.5. Australia
6.3.6. Rest of Asia-Pacific
6.4. Latin America
6.4.1. Brazil
6.4.2. Argentina
6.4.3. Rest of Latin America
6.5. Middle East & Africa
6.5.1. Saudi Arabia
6.5.2. United Arab Emirates
6.5.3. South Africa
6.5.4. Rest of Middle East & Africa
7. Competitive Landscape
7.1. Key Global Players Overview
7.2. Company Market Share Analysis
7.3. Strategic Developments (Mergers, Acquisitions, Partnerships)
7.4. Product Innovation and Technological Advancement
7.5. Competitive Benchmarking
8. Key Players Profiled
8.1. Owens Corning
8.2. Jushi Group Co., Ltd.
8.3. Nippon Electric Glass Co., Ltd.
8.4. Chongqing Polycomp International Corp. (CPIC)
8.5. PPG Industries, Inc.
8.6. Saint-Gobain S.A.
8.7. AOC, LLC
8.8. Polynt-Reichhold Group
8.9. BASF SE
8.10. SABIC
8.11. Taishan Fiberglass Inc.
8.12. Ashland Global Holdings Inc.
8.13. Hexcel Corporation
8.14. Lanxess AG
8.15. BFG Industries Inc.
8.16. AGY Holding Corp.
8.17. Huntsman International LLC
8.18. SGL Carbon SE
8.19. Teijin Limited
8.20. China Jushi Co., Ltd.
9. Future Outlook and Market Forecast (2024–2032)
9.1. Market Growth Opportunities
9.2. Emerging Applications and Innovations
9.3. Strategic Recommendations for Stakeholders
10. Appendix
10.1. Abbreviations and Terminology
10.2. Research Methodology
10.3. Data Sources
10.4. Disclaimer
1. By Type
1.1 Thermoset GFRP Composites
1.2 Thermoplastic GFRP Composites
1.3 Continuous Fiber GFRP Composites
1.4 Discontinuous Fiber GFRP Composites
2. By Manufacturing Process
2.1 Compression Molding
2.2 Injection Molding
2.3 Resin Transfer Molding (RTM)
2.4 Pultrusion
2.5 Filament Winding
2.6 Lay-Up Process (Hand Lay-Up, Spray-Up)
3. By Resin Type
3.1 Polyester Resin
3.2 Vinyl Ester Resin
3.3 Epoxy Resin
3.4 Polyurethane Resin
3.5 Phenolic Resin
3.6 Others (Acrylics, Polyamide, etc.)
4. By End-Use Industry
4.1 Automotive & Transportation
4.2 Aerospace & Defense
4.3 Building & Construction
4.4 Electrical & Electronics
4.5 Marine
4.6 Wind Energy
4.7 Consumer Goods
4.8 Industrial Equipment
5. By Region
5.1 North America
5.1.1 United States
5.1.2 Canada
5.1.3 Mexico
5.2 Europe
5.2.1 Germany
5.2.2 United Kingdom
5.2.3 France
5.2.4 Italy
5.2.5 Spain
5.2.6 Rest of Europe
5.3 Asia-Pacific
5.3.1 China
5.3.2 Japan
5.3.3 India
5.3.4 South Korea
5.3.5 Australia
5.3.6 Rest of Asia-Pacific
5.4 Latin America
5.4.1 Brazil
5.4.2 Argentina
5.4.3 Rest of Latin America
5.5 Middle East & Africa
5.5.1 Saudi Arabia
5.5.2 United Arab Emirates
5.5.3 South Africa
5.5.4 Rest of Middle East & Africa
6. Key Players (Global and Regional)
6.1 Owens Corning
6.2 Jushi Group Co., Ltd.
6.3 Nippon Electric Glass Co., Ltd.
6.4 Chongqing Polycomp International Corp. (CPIC)
6.5 PPG Industries, Inc.
6.6 Saint-Gobain S.A.
6.7 AOC, LLC
6.8 Polynt-Reichhold Group
6.9 BASF SE
6.10 SABIC
6.11 Taishan Fiberglass Inc.
6.12 Ashland Global Holdings Inc.
6.13 Hexcel Corporation
6.14 Lanxess AG
6.15 BFG Industries Inc.
6.16 AGY Holding Corp.
6.17 Huntsman International LLC
6.18 SGL Carbon SE
6.19 Teijin Limited
6.20 China Jushi Co., Ltd.
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Frequently Asked Questions
What is driving the rapid growth of the global GFRP composites market in 2025 and beyond?
The strong growth of the GFRP composites market is primarily driven by the rising demand for lightweight, corrosion-resistant, and energy-efficient materials across industries such as automotive, aerospace, construction, and wind energy. The global shift toward sustainable manufacturing and fuel-efficient transportation continues to accelerate the adoption of GFRP over traditional metals and alloys.
How are technological innovations shaping the future of GFRP composites?
Continuous advancements in fiber technology, resin chemistry, and composite processing methods are enhancing material performance, durability, and recyclability. Cutting-edge techniques like automated lay-up systems, 3D fiber placement, and hybrid composite development are enabling manufacturers to create high-strength GFRP products tailored for next-generation applications.
Which regions are emerging as key growth hubs for the GFRP composites market?
The Asia-Pacific region dominates the global landscape, driven by large-scale industrialization in China, India, and Japan, along with expanding construction and automotive sectors. Meanwhile, North America and Europe continue to witness steady growth fueled by technological innovation and renewable energy investments, particularly in wind turbine blade manufacturing and electric mobility solutions.
What challenges could impact the future expansion of the GFRP composites industry?
Key challenges include high production costs, limited recyclability, and dependence on petrochemical-based resins. However, emerging trends such as bio-based resin development, closed-loop recycling systems, and digital manufacturing optimization are expected to mitigate these barriers, fostering a more sustainable and cost-efficient ecosystem.
Who are the major players shaping the global GFRP composites market landscape?
Leading companies such as Owens Corning, Jushi Group, PPG Industries, Saint-Gobain, BASF SE, and SABIC are investing heavily in R&D, capacity expansion, and eco-friendly composite solutions. Their strategic focus on lightweight design, energy efficiency, and high-performance composites positions them at the forefront of the market’s ongoing transformation through 2032.