Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Supply, Demand and Key Producers, 2026-2032
Description
The global Glass Fiber Reinforced Plastic (GFRP) Composite Material market size is expected to reach $ 44640 million by 2032, rising at a market growth of 3.3% CAGR during the forecast period (2026-2032).
Glass Fiber Reinforced Plastic (GFRP) composite materials are composed of a polymer matrix reinforced with glass fibers. The fibers provide the composite with exceptional mechanical strength, while the polymer matrix serves as a binder to hold the fibers together and protect them from environmental damage. GFRP composites are widely recognized for their advantageous properties, including high strength-to-weight ratio, corrosion resistance, temperature tolerance, and cost-effectiveness. These materials are also lightweight, making them especially suitable for applications where reduced weight is critical, such as in automotive, aerospace, and construction industries. Furthermore, GFRP composites exhibit excellent thermal insulation properties and a smooth internal surface, which adds to their appeal in industries requiring fluid flow or temperature regulation. Their ability to be easily molded into complex shapes and repaired efficiently increases their versatility and appeal across multiple sectors.
The global market for GFRP composites has seen significant growth, particularly in the Asia-Pacific region, which accounts for about 50% of the total market share. China stands out as the largest producer of GFRP composites, holding approximately 42% of the global production, driven by its expanding automotive, construction, and industrial sectors. North America and Europe follow, with respective market shares of 23% and 15%. Major global players in the GFRP composites industry include BASF, Lanxess, and DSM, though the market remains fragmented, with the top three companies accounting for only 10% of the total share. Despite its many advantages, one key challenge facing the expansion of GFRP composites, particularly in structural applications, is their higher cost compared to metals and alloys. However, the demand for GFRP pipes is expected to rise in regions such as China, Brazil, Mexico, and India, driven by the growth in industries like oil & gas, chemicals, and sewage systems, where the material's resistance to corrosion and temperature makes it an ideal choice. The increasing focus on lightweight, fuel-efficient vehicles further boosts the demand for GFRP in the automotive sector, where its high strength-to-weight ratio offers clear advantages over traditional materials.
This report studies the global Glass Fiber Reinforced Plastic (GFRP) Composite Material production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Glass Fiber Reinforced Plastic (GFRP) Composite Material and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Glass Fiber Reinforced Plastic (GFRP) Composite Material that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material total production and demand, 2021-2032, (K MT)
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material total production value, 2021-2032, (USD Million)
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K MT), (based on production site)
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material consumption by region & country, CAGR, 2021-2032 & (K MT)
U.S. VS China: Glass Fiber Reinforced Plastic (GFRP) Composite Material domestic production, consumption, key domestic manufacturers and share
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K MT)
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K MT)
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K MT)
This report profiles key players in the global Glass Fiber Reinforced Plastic (GFRP) Composite Material market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include BASF, Lanxess, DSM, SABIC, Avient, DuPont, Solvay, Celanese, RTP, Evonik, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Glass Fiber Reinforced Plastic (GFRP) Composite Material market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K MT) and average price (USD/MT) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market, Segmentation by Type:
Thermosetting Plastic Products
Thermoplastic Plastic Products
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market, Segmentation by Application:
Transport
Electro & Electronics
Construction
Sport & Leisure
Others
Companies Profiled:
BASF
Lanxess
DSM
SABIC
Avient
DuPont
Solvay
Celanese
RTP
Evonik
Daicel
Kolon
Denka
Kingfa
Jiangsu Jiuding New Material
Key Questions Answered:
1. How big is the global Glass Fiber Reinforced Plastic (GFRP) Composite Material market?
2. What is the demand of the global Glass Fiber Reinforced Plastic (GFRP) Composite Material market?
3. What is the year over year growth of the global Glass Fiber Reinforced Plastic (GFRP) Composite Material market?
4. What is the production and production value of the global Glass Fiber Reinforced Plastic (GFRP) Composite Material market?
5. Who are the key producers in the global Glass Fiber Reinforced Plastic (GFRP) Composite Material market?
6. What are the growth factors driving the market demand?
Glass Fiber Reinforced Plastic (GFRP) composite materials are composed of a polymer matrix reinforced with glass fibers. The fibers provide the composite with exceptional mechanical strength, while the polymer matrix serves as a binder to hold the fibers together and protect them from environmental damage. GFRP composites are widely recognized for their advantageous properties, including high strength-to-weight ratio, corrosion resistance, temperature tolerance, and cost-effectiveness. These materials are also lightweight, making them especially suitable for applications where reduced weight is critical, such as in automotive, aerospace, and construction industries. Furthermore, GFRP composites exhibit excellent thermal insulation properties and a smooth internal surface, which adds to their appeal in industries requiring fluid flow or temperature regulation. Their ability to be easily molded into complex shapes and repaired efficiently increases their versatility and appeal across multiple sectors.
The global market for GFRP composites has seen significant growth, particularly in the Asia-Pacific region, which accounts for about 50% of the total market share. China stands out as the largest producer of GFRP composites, holding approximately 42% of the global production, driven by its expanding automotive, construction, and industrial sectors. North America and Europe follow, with respective market shares of 23% and 15%. Major global players in the GFRP composites industry include BASF, Lanxess, and DSM, though the market remains fragmented, with the top three companies accounting for only 10% of the total share. Despite its many advantages, one key challenge facing the expansion of GFRP composites, particularly in structural applications, is their higher cost compared to metals and alloys. However, the demand for GFRP pipes is expected to rise in regions such as China, Brazil, Mexico, and India, driven by the growth in industries like oil & gas, chemicals, and sewage systems, where the material's resistance to corrosion and temperature makes it an ideal choice. The increasing focus on lightweight, fuel-efficient vehicles further boosts the demand for GFRP in the automotive sector, where its high strength-to-weight ratio offers clear advantages over traditional materials.
This report studies the global Glass Fiber Reinforced Plastic (GFRP) Composite Material production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Glass Fiber Reinforced Plastic (GFRP) Composite Material and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Glass Fiber Reinforced Plastic (GFRP) Composite Material that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material total production and demand, 2021-2032, (K MT)
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material total production value, 2021-2032, (USD Million)
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K MT), (based on production site)
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material consumption by region & country, CAGR, 2021-2032 & (K MT)
U.S. VS China: Glass Fiber Reinforced Plastic (GFRP) Composite Material domestic production, consumption, key domestic manufacturers and share
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K MT)
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K MT)
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K MT)
This report profiles key players in the global Glass Fiber Reinforced Plastic (GFRP) Composite Material market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include BASF, Lanxess, DSM, SABIC, Avient, DuPont, Solvay, Celanese, RTP, Evonik, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Glass Fiber Reinforced Plastic (GFRP) Composite Material market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K MT) and average price (USD/MT) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market, Segmentation by Type:
Thermosetting Plastic Products
Thermoplastic Plastic Products
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market, Segmentation by Application:
Transport
Electro & Electronics
Construction
Sport & Leisure
Others
Companies Profiled:
BASF
Lanxess
DSM
SABIC
Avient
DuPont
Solvay
Celanese
RTP
Evonik
Daicel
Kolon
Denka
Kingfa
Jiangsu Jiuding New Material
Key Questions Answered:
1. How big is the global Glass Fiber Reinforced Plastic (GFRP) Composite Material market?
2. What is the demand of the global Glass Fiber Reinforced Plastic (GFRP) Composite Material market?
3. What is the year over year growth of the global Glass Fiber Reinforced Plastic (GFRP) Composite Material market?
4. What is the production and production value of the global Glass Fiber Reinforced Plastic (GFRP) Composite Material market?
5. Who are the key producers in the global Glass Fiber Reinforced Plastic (GFRP) Composite Material market?
6. What are the growth factors driving the market demand?
Table of Contents
130 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
Pricing
Currency Rates
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