PUBLISHER: The Business Research Company | PRODUCT CODE: 1931349
PUBLISHER: The Business Research Company | PRODUCT CODE: 1931349
Glass fiber reinforced plastic (GFRP), commonly known as fiberglass, is a composite material consisting of a polymer matrix reinforced with glass fibers. The polymer, typically epoxy, polyester, or vinyl ester, serves as the binding matrix, while the glass fibers provide strength and stiffness. GFRP is utilized across various industries for applications demanding durability and a high strength-to-weight ratio.
The main resin types for GFRP composites include thermoplastic, polyurethane, polyester, epoxy, vinyl ester, and others. Thermoplastic resins are versatile plastics that can be repeatedly heated, molded, and hardened without undergoing chemical changes. Glass types used in GFRP include S-glass, C-glass, and E-glass. Manufacturing processes for GFRP involve techniques such as compression molding, injection molding, layup, filament winding, pultrusion, resin transfer molding (RTM), and vacuum-assisted resin transfer molding (VARTM). GFRP is used by various end-users including those in transportation, renewable energy, electronics, military and defense, telecommunications, building and construction, and other sectors.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are influencing the gfrp composites market by increasing costs of imported glass fibers, specialty resins, additives, and composite processing equipment. Manufacturers in North America and Europe are significantly affected due to reliance on imported raw materials, while Asia-Pacific faces cost pressures on export-driven composite production. These tariffs are raising manufacturing costs and affecting project economics. However, they are also encouraging domestic fiber production, regional resin supply development, and localized composite manufacturing expansion.
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 glass fiber reinforced plastic (gfrp) composites market statistics, including glass fiber reinforced plastic (gfrp) composites industry global market size, regional shares, competitors with a glass fiber reinforced plastic (gfrp) composites market share, detailed glass fiber reinforced plastic (gfrp) composites market segments, market trends and opportunities, and any further data you may need to thrive in the glass fiber reinforced plastic (gfrp) composites industry. This glass fiber reinforced plastic (gfrp) composites market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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$2,154.4 billion, representing a 6.5% increase from about US$2,023.7 billion 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$14.0 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, Rochling 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.
Glass Fiber Reinforced Plastic (GFRP) Composites Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses glass fiber reinforced plastic (gfrp) composites market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for glass fiber reinforced plastic (gfrp) composites ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The glass fiber reinforced plastic (gfrp) composites market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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