PUBLISHER: The Business Research Company | PRODUCT CODE: 2045341
PUBLISHER: The Business Research Company | PRODUCT CODE: 2045341
Fiber-reinforced polymer (FRP) composites are advanced materials formed by combining high-strength fibers, such as glass, carbon, or aramid, with a polymer matrix, usually epoxy, polyester, or vinyl ester resin. This combination creates a material with 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 numerous industries.
The essential product materials 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. GFRP composites are widely used for their cost-effectiveness, favorable strength-to-weight ratio, corrosion resistance, and versatility across industrial applications. Resin types include thermoset and thermoplastic. Applications span automotive, construction, electronics, defense, and others.
Tariffs on imported raw materials such as carbon fibers, glass fibers, and specialty resins are increasing production costs in the fiber-reinforced polymer composites market. This is significantly impacting segments like carbon fiber reinforced polymer (CFRP) and glass fiber reinforced polymer (GFRP), which rely heavily on globally sourced inputs. Regions such as North America, Europe, and parts of Asia-Pacific are most affected due to their dependence on cross-border composite supply chains. However, these tariffs are also encouraging localized production of fibers and resins, strengthening domestic manufacturing ecosystems and driving innovation in cost-efficient composite processing technologies.
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 fiber-reinforced polymers (FRP) and composites market statistics, including fiber-reinforced polymers (FRP) and composites industry global market size, regional shares, competitors with a fiber-reinforced polymers (FRP) and composites market share, detailed fiber-reinforced polymers (FRP) and composites market segments, market trends and opportunities, and any further data you may need to thrive in the fiber-reinforced polymers (FRP) and composites industry. This fiber-reinforced polymers (FRP) and 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 fiber-reinforced polymers (FRP) and composites market size has grown strongly in recent years. It will grow from $83.46 billion in 2025 to $88.75 billion in 2026 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increasing steel cost, growth of aerospace manufacturing, infrastructure development, demand for lightweight materials, expansion of construction industry.
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.
The growing adoption of electric vehicles is anticipated to drive the expansion of the fiber-reinforced polymers (FRP) and composites market in the coming years. Electric vehicles (EVs) are vehicles powered by electric motors that use energy stored in rechargeable batteries, providing a cleaner alternative to vehicles powered by internal combustion engines. The increase in EV adoption is supported by favorable government policies and rising environmental concerns focused on reducing carbon emissions. Fiber-reinforced polymers and composites facilitate electric vehicle adoption by enabling the development of lightweight vehicle structures, which enhance energy efficiency, extend driving range, and improve overall vehicle performance while ensuring strength and durability. For example, in April 2024, the International Energy Agency, a France-based intergovernmental organization, stated that global electric car sales approached 14 million units in 2023, marking a 35% increase compared to 2022, with electric vehicles comprising around 18% of total car sales. Therefore, the growing adoption of electric vehicles is fueling the growth of the fiber-reinforced polymers (FRP) and composites market.
Key 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 rising 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 improved impact resistance, faster processing cycles, and enhanced recyclability compared to conventional thermoset-based composites. For example, 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 provides superior flame retardancy, thermal stability, and mechanical strength. The material enables efficient processing through thermoforming and welding, complies with stringent fire, smoke, and toxicity (FST) standards, and contributes to weight reduction, enhancing its suitability for advanced aerospace components.
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. Through this acquisition, Mitsubishi Chemical aimed to enhance and vertically integrate its carbon fiber reinforced plastic (CFRP) supply chain and expand its advanced composites presence in automotive applications. CPC SRL is an Italy-based manufacturer of carbon fiber reinforced plastic automotive components, specializing in the design, molding, tooling, and assembly of composite parts used in lightweight vehicle structures.
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.S., Gurit Holding AG, RTP Company, SAERTEX GmbH & Co. KG, China Jushi Co. Ltd., Strongwell Corporation, Norplex-Micarta, Engineered Composites Ltd., American Grating LLC.
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 the fiber-reinforced polymers (FRP) and 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 fiber-reinforced polymers (FRP) and composites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
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.
Fiber-Reinforced Polymers (FRP) And 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 fiber-reinforced polymers (frp) and 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 fiber-reinforced polymers (frp) and 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 fiber-reinforced polymers (frp) and 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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