Global GF and GFRP Composites Market Growth 2025-2031
Description
The global GF and GFRP Composites market size is predicted to grow from US$ 45980 million in 2025 to US$ 57290 million in 2031; it is expected to grow at a CAGR of 3.7% from 2025 to 2031.
Glass fiber (GF) and glass fiber reinforced plastic (GFRP) composites are gaining increasing prominence due to their excellent mechanical properties and their potential contributions to sustainable development. In the renewable energy sector, GFRP composites are widely used in the production of wind turbine blades. The material’s high strength-to-weight ratio and durability make it ideal for this application, as it helps to maximize energy generation efficiency while minimizing structural weight. GFRP’s long lifespan also reduces the need for frequent replacements, contributing to the overall cost-efficiency and sustainability of wind energy projects. In addition, the growing emphasis on renewable energy, driven by global initiatives to reduce carbon emissions, is expected to further boost the demand for GF and GFRP composites in the coming years.
Global key players in the glass fiber (GF) and glass fiber reinforced plastic (GFRP) composites market include major companies such as BASF, Owens Corning, Lanxess, and DSM. In the glass fiber sector specifically, the top two companies dominate with a substantial market share of around 43%, highlighting the concentration of production capacity in the hands of a few industry leaders. Meanwhile, in the GFRP composites sector, the market is more fragmented, with the top four companies collectively holding a market share of approximately 15%. This competitive landscape indicates that while a few large companies maintain significant influence in the glass fiber market, the GFRP composites industry remains open to a wider range of players. The continued innovation and expansion efforts of these key players, along with new entrants, are expected to drive further advancements in material performance and cost efficiency, shaping the future of both the GF and GFRP composites markets.
In the construction industry, GF and GFRP composites are being increasingly adopted as replacements for traditional materials like steel and concrete, particularly in environments that are prone to corrosion. For example, GFRP's corrosion resistance and low maintenance requirements make it a preferred material for infrastructure in marine environments, chemical plants, and wastewater treatment facilities. The use of GFRP in these sectors not only enhances the durability and lifespan of structures but also reduces the environmental impact associated with frequent maintenance and material replacement. With the global trend toward sustainable construction practices and the need for eco-friendly building materials, the adoption of GF and GFRP composites is expected to rise significantly. The material’s ability to contribute to energy efficiency, reduce long-term costs, and meet environmental regulations positions it as a key player in future construction and industrial applications.
Moreover, the automotive and aerospace industries are increasingly turning to GF and GFRP composites to meet stringent fuel efficiency and emission reduction standards. The lightweight nature of GFRP composites makes them an ideal material for vehicle components, helping to reduce the overall weight of cars, trucks, and aircraft without compromising safety or performance. This weight reduction translates directly into improved fuel efficiency and lower emissions, which is a critical factor as governments worldwide implement stricter environmental regulations. In aerospace, GFRP composites are used extensively in the manufacturing of aircraft fuselages, wings, and interior components, allowing for enhanced fuel economy and better overall performance. As the demand for electric vehicles (EVs) and eco-friendly transportation solutions grows, GF and GFRP composites will continue to play a crucial role in helping manufacturers meet their sustainability goals while maintaining high levels of performance and durability. This trend further solidifies the position of GF and GFRP composites as indispensable materials across multiple high-growth sectors.
LP Information, Inc. (LPI) ' newest research report, the “GF and GFRP Composites Industry Forecast” looks at past sales and reviews total world GF and GFRP Composites sales in 2024, providing a comprehensive analysis by region and market sector of projected GF and GFRP Composites sales for 2025 through 2031. With GF and GFRP Composites sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world GF and GFRP Composites industry.
This Insight Report provides a comprehensive analysis of the global GF and GFRP Composites landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on GF and GFRP Composites portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global GF and GFRP Composites market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for GF and GFRP Composites and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global GF and GFRP Composites.
This report presents a comprehensive overview, market shares, and growth opportunities of GF and GFRP Composites market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Glass Fiber Products
GFRP Products
Segmentation by Application:
Building & Construction
Electronics
Transportation
Sport & Leisure
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Owens Corning
Jushi Group
PPG Industries
CPIC
Taishan Fiberglass (Sinoma)
Advanced Glassfiber Yarns
Binani-3B
Johns Mansville
Nippon Electric Glass
Nittobo
Saint-Gobain Vetrotex
BASF
Lanxess
DSM
SABIC
Avient
DuPont
Solvay
Hexion
Celanese
RTP
Sumitomo Bakelite
Evonik
Daicel
Kolon
Denka
Kingfa
Jiangsu Jiuding New Material
Key Questions Addressed in this Report
What is the 10-year outlook for the global GF and GFRP Composites market?
What factors are driving GF and GFRP Composites market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do GF and GFRP Composites market opportunities vary by end market size?
How does GF and GFRP Composites break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Glass fiber (GF) and glass fiber reinforced plastic (GFRP) composites are gaining increasing prominence due to their excellent mechanical properties and their potential contributions to sustainable development. In the renewable energy sector, GFRP composites are widely used in the production of wind turbine blades. The material’s high strength-to-weight ratio and durability make it ideal for this application, as it helps to maximize energy generation efficiency while minimizing structural weight. GFRP’s long lifespan also reduces the need for frequent replacements, contributing to the overall cost-efficiency and sustainability of wind energy projects. In addition, the growing emphasis on renewable energy, driven by global initiatives to reduce carbon emissions, is expected to further boost the demand for GF and GFRP composites in the coming years.
Global key players in the glass fiber (GF) and glass fiber reinforced plastic (GFRP) composites market include major companies such as BASF, Owens Corning, Lanxess, and DSM. In the glass fiber sector specifically, the top two companies dominate with a substantial market share of around 43%, highlighting the concentration of production capacity in the hands of a few industry leaders. Meanwhile, in the GFRP composites sector, the market is more fragmented, with the top four companies collectively holding a market share of approximately 15%. This competitive landscape indicates that while a few large companies maintain significant influence in the glass fiber market, the GFRP composites industry remains open to a wider range of players. The continued innovation and expansion efforts of these key players, along with new entrants, are expected to drive further advancements in material performance and cost efficiency, shaping the future of both the GF and GFRP composites markets.
In the construction industry, GF and GFRP composites are being increasingly adopted as replacements for traditional materials like steel and concrete, particularly in environments that are prone to corrosion. For example, GFRP's corrosion resistance and low maintenance requirements make it a preferred material for infrastructure in marine environments, chemical plants, and wastewater treatment facilities. The use of GFRP in these sectors not only enhances the durability and lifespan of structures but also reduces the environmental impact associated with frequent maintenance and material replacement. With the global trend toward sustainable construction practices and the need for eco-friendly building materials, the adoption of GF and GFRP composites is expected to rise significantly. The material’s ability to contribute to energy efficiency, reduce long-term costs, and meet environmental regulations positions it as a key player in future construction and industrial applications.
Moreover, the automotive and aerospace industries are increasingly turning to GF and GFRP composites to meet stringent fuel efficiency and emission reduction standards. The lightweight nature of GFRP composites makes them an ideal material for vehicle components, helping to reduce the overall weight of cars, trucks, and aircraft without compromising safety or performance. This weight reduction translates directly into improved fuel efficiency and lower emissions, which is a critical factor as governments worldwide implement stricter environmental regulations. In aerospace, GFRP composites are used extensively in the manufacturing of aircraft fuselages, wings, and interior components, allowing for enhanced fuel economy and better overall performance. As the demand for electric vehicles (EVs) and eco-friendly transportation solutions grows, GF and GFRP composites will continue to play a crucial role in helping manufacturers meet their sustainability goals while maintaining high levels of performance and durability. This trend further solidifies the position of GF and GFRP composites as indispensable materials across multiple high-growth sectors.
LP Information, Inc. (LPI) ' newest research report, the “GF and GFRP Composites Industry Forecast” looks at past sales and reviews total world GF and GFRP Composites sales in 2024, providing a comprehensive analysis by region and market sector of projected GF and GFRP Composites sales for 2025 through 2031. With GF and GFRP Composites sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world GF and GFRP Composites industry.
This Insight Report provides a comprehensive analysis of the global GF and GFRP Composites landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on GF and GFRP Composites portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global GF and GFRP Composites market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for GF and GFRP Composites and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global GF and GFRP Composites.
This report presents a comprehensive overview, market shares, and growth opportunities of GF and GFRP Composites market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Glass Fiber Products
GFRP Products
Segmentation by Application:
Building & Construction
Electronics
Transportation
Sport & Leisure
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Owens Corning
Jushi Group
PPG Industries
CPIC
Taishan Fiberglass (Sinoma)
Advanced Glassfiber Yarns
Binani-3B
Johns Mansville
Nippon Electric Glass
Nittobo
Saint-Gobain Vetrotex
BASF
Lanxess
DSM
SABIC
Avient
DuPont
Solvay
Hexion
Celanese
RTP
Sumitomo Bakelite
Evonik
Daicel
Kolon
Denka
Kingfa
Jiangsu Jiuding New Material
Key Questions Addressed in this Report
What is the 10-year outlook for the global GF and GFRP Composites market?
What factors are driving GF and GFRP Composites market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do GF and GFRP Composites market opportunities vary by end market size?
How does GF and GFRP Composites break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
177 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for GF and GFRP Composites by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for GF and GFRP Composites by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
