Summary

Persistence Market Research has recently released an in-depth report on the global Glass Fiber Reinforced Plastic (GFRP) Composite Materials market. The report offers a comprehensive analysis of key market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

• GFRP Composite Materials Market Size (2024E): USD 20.1 Billion
• Projected Market Value (2032F): USD 38.38 Billion
• Global Market Growth Rate (CAGR 2024 to 2032):8.4%

GFRP Composite Materials Market - Report Scope:

Glass Fiber Reinforced Plastic (GFRP) composite materials are utilized across various sectors such as automotive, aerospace, construction, and marine, thanks to their superior strength-to-weight ratio, durability, and resistance to corrosion. These materials consist of glass fibers embedded in a plastic matrix, offering enhanced mechanical properties and versatility. Market growth is driven by the rising demand for lightweight materials to boost vehicle fuel efficiency, increasing adoption in infrastructure projects, and technological advancements that improve material performance and cost-effectiveness.

Market Growth Drivers:

The global GFRP composite materials market is propelled by several key factors, including the push to reduce vehicle weight for better fuel efficiency and compliance with strict emission standards in the automotive industry. The expanding construction sector, especially in developing regions, is boosting demand for GFRP composites in applications like bridges, pipes, and reinforcements due to their durability and corrosion resistance. Innovations in GFRP manufacturing, such as automated fiber placement and 3D printing, are enhancing production efficiency and enabling complex composite structures. Additionally, the growing use of GFRP composites in wind energy applications, such as wind turbine blades, supports market growth as the renewable energy sector expands.

Market Restraints:

Despite promising growth prospects, the GFRP composite materials market faces challenges such as the high cost of raw materials like glass fibers and resins, which can limit market penetration, particularly in price-sensitive industries. The recycling and disposal of GFRP composites present environmental challenges due to their non-biodegradable nature, requiring specialized recycling processes that are not widely available. Regulatory constraints and compliance with environmental standards also contribute to operational costs for manufacturers, particularly in regions with stringent regulations on composite materials in construction and automotive applications.

Market Opportunities:

The GFRP composite materials market offers significant growth opportunities driven by technological innovations, sustainability efforts, and the expanding application scope across various industries. The development of bio-based resins and recyclable GFRP composites is expected to address environmental concerns and align with global sustainability goals, creating new avenues for market growth. Emerging industries such as electric vehicles (EVs) and urban air mobility (UAM) are likely to drive new demand for lightweight, high-performance materials. Strategic partnerships, investments in R&D, and the introduction of cost-effective GFRP composite solutions will be crucial for capitalizing on these opportunities and maintaining a competitive edge.

Key Questions Answered in the Report:

• What are the primary factors driving the global GFRP composite materials market?
• Which industries and applications are leading the adoption of GFRP composites in different regions?
• How are technological advancements and sustainability initiatives reshaping the competitive landscape of the GFRP composite materials market?
• Who are the key players in the GFRP composite materials market, and what strategies are they using to stay competitive?
• What emerging trends and future prospects are shaping the global GFRP composite materials market?

Competitive Intelligence and Business Strategy:

Leading companies in the global GFRP composite materials market, including Owens Corning, Jushi Group Co., Ltd., and PPG Industries, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These firms invest in R&D to develop advanced GFRP solutions with enhanced mechanical properties, sustainability, and cost efficiency, meeting the growing demand for lightweight materials across various industries. Collaborations with automotive manufacturers, construction firms, and renewable energy companies facilitate market access and promote technology adoption. Emphasis on sustainability initiatives, such as developing recyclable GFRP composites and eco-friendly manufacturing processes, supports market growth and aligns with global environmental objectives.

Key Companies Profiled:

• Owens Corning
• Jushi Group Co., Ltd.
• PPG Industries
• Saint-Gobain S.A.
• BASF SE
• Toray Industries, Inc.
• Nippon Electric Glass Co., Ltd.
• Taishan Fiberglass Inc.
• Chongqing Polycomp International Corporation (CPIC)
• AGY Holding Corp.

GFRP Composite Materials Industry Survey Segmentation

By Glass Type:
• S-Glass
• C-Glass
• E-Glass
• Other Glass

By Resin Type:
• Polyester
• Vinyl Ester
• Epoxy
• Polyurethane
• Thermoplastic

By Manufacturing Process:
• Compression Molding
• Injection Molding
• Layup
• Filament Winding
• Pultrusion
• RTM & VARTM

By End Use:
• Transportation
• Building & Construction
• Electrical & Electronics
• Renewable Energy
• Infrastructure
• Chemicals/Corrosion
• Telecom
• Military & Defense
• Technical Textiles

By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

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Table of Contents

1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product innovation & Diversification
4.3. Marketing and Brand management
4.4. Supply Chain Management
5. Global GFRP Composite Materials Market Demand Analysis 2019-2023 and Forecast, 2024-2032
5.1. Historical Market Volume (Mn Sq. Meters) Analysis, 2019-2023
5.2. Current and Future Market Volume (Mn Sq. Meters) Projections, 2024-2032
5.3. Y-o-Y Growth Trend Analysis
6. Global GFRP Composite Materials Market - Pricing Analysis
6.1. Pricing Analysis By Glass Type
6.2. Pricing Break-up
6.3. Global Average Pricing Analysis Benchmark
7. Global GFRP Composite Materials Market Demand (in Value or Size in US$ Bn) Analysis 2019-2023 and Forecast, 2024-2032
7.1. Historical Market Value (US$ Bn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Bn) Projections, 2024-2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global Economic Outlook
8.1.2. Global Chemical Industry Outlook
8.1.3. Global Chemical Industry Overview
8.1.4. Global Construction Spending Overview
8.1.5. Global Military Expenditure Overview
8.1.6. Global Automotive Production by Region
8.1.7. Global Wind Power Installed Capacity Outlook
8.1.8. Global New Wind Power Capacity Installation Overview
8.2. Forecast Factors - Relevance & Impact
8.2.1. GDP Growth Outlook
8.2.2. Top Companies Historical Growth Rate
8.2.3. Regulatory Impact Outlook
8.2.4. Key Technology Developments
8.2.5. End Use Industry Demand Outlook
8.2.6. Other Key Forecast Factors
8.3. Value Chain Analysis
8.3.1. List of Key Market Participants
8.3.1.1. List of Manufacturers
8.3.1.2. List of Distributors
8.3.1.3. List of Raw Material Suppliers
8.3.1.4. List of End-users
8.4. Impact of COVID – 19 Crisis
8.4.1. Introduction
8.4.2. Potential of Impact by Taxonomy
8.4.3. Recovery Scenario
8.4.4. Key Strategies
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
9. Global GFRP Composite Materials Market Analysis 2019-2023 and Forecast 2024-2032, By Glass Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Bn) and Volume Analysis By Glass Type, 2019-2023
9.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Glass Type, 2024-2032
9.3.1. S Glass
9.3.2. C Glass
9.3.3. E Glass
9.3.4. Other
9.4. Market Attractiveness Analysis By Glass Type
10. Global GFRP Composite Materials Market Analysis 2019-2023 and Forecast 2024-2032, By Resin Type
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Bn) and Volume Analysis By Resin Type, 2019-2023
10.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Resin Type, 2024-2032
10.3.1. Polyester
10.3.2. Vinyl ester
10.3.3. Epoxy
10.3.4. Polyurethane
10.3.5. Thermoplastic
10.3.6. Others
10.4. Market Attractiveness Analysis By Resin Type
11. Global GFRP Composite Materials Market Analysis 2019-2023 and Forecast 2024-2032, By Manufacturing Process
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Bn) and Volume Analysis By Manufacturing Process, 2019-2023
11.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Manufacturing Process, 2024-2032
11.3.1. Compression Molding
11.3.2. Injection Molding
11.3.3. Layup
11.3.4. Filament Winding
11.3.5. Pultrusion
11.3.6. RTM & VARTM
11.3.7. Other Manufacturing Processes
11.4. Analysis By Manufacturing Process
12. Global GFRP Composite Materials Market Analysis 2019-2023 and Forecast 2024-2032, By End-use
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Bn) and Volume Analysis By End-use, 2019-2023
12.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By End-use, 2024-2032
12.3.1. Renewable Energy
12.3.2. Transportation
12.3.3. Building & Construction
12.3.4. Electrical & Electronics
12.3.5. Infrastructure
12.3.6. Chemical/Corrosion
12.3.7. Telecom
12.3.8. Military & Defence
12.3.9. Technical Textile
12.3.10. Others
12.4. Analysis by End-use
13. Global GFRP Composite Materials Market Analysis 2019-2023 and Forecast 2024-2032, by Region
13.1. Introduction
13.2. Historical Market Size (US$ Bn) and Volume Analysis By Region, 2019-2023
13.3. Current Market Size (US$ Bn) and Volume Analysis and Forecast By Region, 2024-2032
13.3.1. North America
13.3.2. Latin America
13.3.3. Europe
13.3.4. East Asia
13.3.5. South Asia & Pacific
13.3.6. Middle East & Africa
13.4. Market Attractiveness Analysis By Region
14. North America GFRP Composite Materials Market Analysis 2019-2023 and Forecast 2024-2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2032
14.4.1. By Glass Type
14.4.2. By Resin Type
14.4.3. By Manufacturing Process
14.4.4. By End-use
14.4.5. By Country
14.4.5.1. U.S.
14.4.5.2. Canada
14.5. Market Attractiveness Analysis
14.5.1. By Glass Type
14.5.2. By Resin Type
14.5.3. By Manufacturing Process
14.5.4. By End-use
14.5.5. By Country
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
15. Latin America GFRP Composite Materials Market Analysis 2019-2023 and Forecast 2024-2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2032
15.4.1. By Glass Type
15.4.2. By Resin Type
15.4.3. By Manufacturing Process
15.4.4. By End-use
15.4.5. By Country
15.4.5.1. Brazil
15.4.5.2. Mexico
15.4.5.3. Rest of Latin America
15.5. Market Attractiveness Analysis
15.5.1. By Glass Type
15.5.2. By Resin Type
15.5.3. By Manufacturing Process
15.5.4. By End-use
15.5.5. By Country
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
16. Europe GFRP Composite Materials Market Analysis 2019-2023 and Forecast 2024-2032
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2032
16.4.1. By Glass Type
16.4.2. By Resin Type
16.4.3. By Manufacturing Process
16.4.4. By End-use
16.4.5. By Country
16.4.5.1. Germany
16.4.5.2. Italy
16.4.5.3. France
16.4.5.4. U.K.
16.4.5.5. Spain
16.4.5.6. BENELUX
16.4.5.7. Russia
16.4.5.8. Rest of Europe
16.5. Market Attractiveness Analysis
16.5.1. By Glass Type
16.5.2. By Resin Type
16.5.3. By Manufacturing Process
16.5.4. By End-use
16.5.5. By Country
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
17. East Asia GFRP Composite Materials Market Analysis 2019-2023 and Forecast 2024-2032
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2032
17.4.1. By Glass Type
17.4.2. By Resin Type
17.4.3. By Manufacturing Process
17.4.4. By End-use
17.4.5. By Country
17.4.5.1. China
17.4.5.2. Japan
17.4.5.3. South Korea
17.5. Market Attractiveness Analysis
17.5.1. By Glass Type
17.5.2. By Resin Type
17.5.3. By Manufacturing Process
17.5.4. By End-use
17.5.5. By Country
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
18. South Asia & Pacific GFRP Composite Materials Market Analysis 2019-2023 and Forecast 2024-2032
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
18.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2032
18.4.1. By Glass Type
18.4.2. By Resin Type
18.4.3. By Manufacturing Process
18.4.4. By End-use
18.4.5. By Country
18.4.5.1. India
18.4.5.2. ASEAN
18.4.5.3. ANZ
18.4.5.4. Nepal
18.4.5.5. Bangladesh
18.4.5.6. Rest of South Asia & Pacific
18.5. Market Attractiveness Analysis
18.5.1. By Glass Type
18.5.2. By Resin Type
18.5.3. By Manufacturing Process
18.5.4. By End-use
18.5.5. By Country
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
19. Middle East and Africa GFRP Composite Materials Market Analysis 2019-2023 and Forecast 2024-2032
19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
19.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2032
19.4.1. By Glass Type
19.4.2. By Resin Type
19.4.3. By Manufacturing Process
19.4.4. By End-use
19.4.5. By Country
19.4.5.1. GCC Countries
19.4.5.2. Turkey
19.4.5.3. Northern Africa
19.4.5.4. South Africa
19.4.5.5. Rest of Middle East and Africa
19.5. Market Attractiveness Analysis
19.5.1. By Glass Type
19.5.2. By Resin Type
19.5.3. By Manufacturing Process
19.5.4. By End-use
19.5.5. By Country
19.6. Market Trends
19.7. Key Market Participants - Intensity Mapping
20. Key and Emerging Countries GFRP Composite Materials Market Analysis
20.1. Introduction
20.1.1. Market Value Proportion Analysis, By Key Countries
20.1.2. Global Vs. Country Growth Comparison
20.2. U.S. GFRP Composite Materials Market Analysis
20.2.1. By Glass Type
20.2.2. By Resin Type
20.2.3. By Manufacturing Process
20.2.4. By End-use
20.3. Canada GFRP Composite Materials Market Analysis
20.3.1. By Glass Type
20.3.2. By Resin Type
20.3.3. By Manufacturing Process
20.3.4. By End-use
20.4. Mexico GFRP Composite Materials Market Analysis
20.4.1. By Glass Type
20.4.2. By Resin Type
20.4.3. By Manufacturing Process
20.4.4. By End-use
20.5. Brazil GFRP Composite Materials Market Analysis
20.5.1. By Glass Type
20.5.2. By Resin Type
20.5.3. By Manufacturing Process
20.5.4. By End-use
20.6. Germany GFRP Composite Materials Market Analysis
20.6.1. By Glass Type
20.6.2. By Resin Type
20.6.3. By Manufacturing Process
20.6.4. By End-use
20.7. Italy GFRP Composite Materials Market Analysis
20.7.1. By Glass Type
20.7.2. By Resin Type
20.7.3. By Manufacturing Process
20.7.4. By End-use
20.8. France GFRP Composite Materials Market Analysis
20.8.1. By Glass Type
20.8.2. By Resin Type
20.8.3. By Manufacturing Process
20.8.4. By End-use
20.9. U.K. GFRP Composite Materials Market Analysis
20.9.1. By Glass Type
20.9.2. By Resin Type
20.9.3. By Manufacturing Process
20.9.4. By End-use
20.10. Spain GFRP Composite Materials Market Analysis
20.10.1. By Glass Type
20.10.2. By Resin Type
20.10.3. By Manufacturing Process
20.10.4. By End-use
20.11. Russia GFRP Composite Materials Market Analysis
20.11.1. By Glass Type
20.11.2. By Resin Type
20.11.3. By Manufacturing Process
20.11.4. By End-use
20.12. BENELUX GFRP Composite Materials Market Analysis
20.12.1. By Glass Type
20.12.2. By Resin Type
20.12.3. By Manufacturing Process
20.12.4. By End-use
20.13. China GFRP Composite Materials Market Analysis
20.13.1. By Glass Type
20.13.2. By Resin Type
20.13.3. By Manufacturing Process
20.13.4. By End-use
20.14. Japan GFRP Composite Materials Market Analysis
20.14.1. By Glass Type
20.14.2. By Resin Type
20.14.3. By Manufacturing Process
20.14.4. By End-use
20.15. S. Korea GFRP Composite Materials Market Analysis
20.15.1. By Glass Type
20.15.2. By Resin Type
20.15.3. By Manufacturing Process
20.15.4. By End-use
20.16. India GFRP Composite Materials Market Analysis
20.16.1. By Glass Type
20.16.2. By Resin Type
20.16.3. By Manufacturing Process
20.16.4. By End-use
20.17. ASEAN GFRP Composite Materials Market Analysis
20.17.1. By Glass Type
20.17.2. By Resin Type
20.17.3. By Manufacturing Process
20.17.4. By End-use
20.18. ANZ GFRP Composite Materials Market Analysis
20.18.1. By Glass Type
20.18.2. By Resin Type
20.18.3. By Manufacturing Process
20.18.4. By End-use
20.19. Nepal GFRP Composite Materials Market Analysis
20.19.1. By Glass Type
20.19.2. By Resin Type
20.19.3. By Manufacturing Process
20.19.4. By End-use
20.20. Bangladesh GFRP Composite Materials Market Analysis
20.20.1. By Glass Type
20.20.2. By Resin Type
20.20.3. By Manufacturing Process
20.20.4. By End-use
20.21. GCC Countries GFRP Composite Materials Market Analysis
20.21.1. By Glass Type
20.21.2. By Resin Type
20.21.3. By Manufacturing Process
20.21.4. By End-use
20.22. Turkey GFRP Composite Materials Market Analysis
20.22.1. By Glass Type
20.22.2. By Resin Type
20.22.3. By Manufacturing Process
20.22.4. By End-use
20.23. South Africa GFRP Composite Materials Market Analysis
20.23.1. By Glass Type
20.23.2. By Resin Type
20.23.3. By Manufacturing Process
20.23.4. By End-use
21. Market Structure Analysis
21.1. Market Analysis by Tier of Companies
21.2. Market Concentration
21.3. Market Share Analysis of Top Players
21.4. Market Presence Analysis
21.4.1. By Regional footprint of Players
21.4.2. Product foot print by Players
22. Competition Analysis
22.1. Competition Dashboard
22.2. Competition Benchmarking
22.3. Competition Deep Dive
22.3.1. Owens Corning
22.3.1.1. Overview
22.3.1.2. Product Portfolio
22.3.1.3. Sales Footprint
22.3.1.4. Strategy Overview
22.3.2. Machine Retail Group
22.3.2.1. Overview
22.3.2.2. Product Portfolio
22.3.2.3. Sales Footprint
22.3.2.4. Strategy Overview
22.3.3. Everest Composites
22.3.3.1. Overview
22.3.3.2. Product Portfolio
22.3.3.3. Sales Footprint
22.3.3.4. Strategy Overview
22.3.4. Prolong Composites
22.3.4.1. Overview
22.3.4.2. Product Portfolio
22.3.4.3. Sales Footprint
22.3.4.4. Strategy Overview
22.3.5. Sancom Composites
22.3.5.1. Overview
22.3.5.2. Product Portfolio
22.3.5.3. Sales Footprint
22.3.5.4. Strategy Overview
22.3.6. Jushi Group
22.3.6.1. Overview
22.3.6.2. Product Portfolio
22.3.6.3. Sales Footprint
22.3.6.4. Strategy Overview
22.3.7. Chongqing Polycomp International Corporation
22.3.7.1. Overview
22.3.7.2. Product Portfolio
22.3.7.3. Sales Footprint
22.3.7.4. Strategy Overview
22.3.8. Taishan Fiberglass Inc.
22.3.8.1. Overview
22.3.8.2. Product Portfolio
22.3.8.3. Sales Footprint
22.3.8.4. Strategy Overview
22.3.9. Asahi Fiberglass Co. Ltd.
22.3.9.1. Overview
22.3.9.2. Product Portfolio
22.3.9.3. Sales Footprint
22.3.9.4. Strategy Overview
22.3.10. RG Fibrotech
22.3.10.1. Overview
22.3.10.2. Product Portfolio
22.3.10.3. Sales Footprint
22.3.10.4. Strategy Overview
22.3.11. Saint Gobain
22.3.11.1. Overview
22.3.11.2. Product Portfolio
22.3.11.3. Sales Footprint
22.3.11.4. Strategy Overview
22.3.12. Tribeni Fiber Pvt Ltd.
22.3.12.1. Overview
22.3.12.2. Product Portfolio
22.3.12.3. Sales Footprint
22.3.12.4. Strategy Overview
22.3.13. AGY Holdings Corp
22.3.13.1. Overview
22.3.13.2. Product Portfolio
22.3.13.3. Sales Footprint
22.3.13.4. Strategy Overview
22.3.14. Nitto Boseki Co. Ltd.
22.3.14.1. Overview
22.3.14.2. Product Portfolio
22.3.14.3. Sales Footprint
22.3.14.4. Strategy Overview
22.3.15. Jiangsu jiuding New Material Co. ltd.
22.3.15.1. Overview
22.3.15.2. Product Portfolio
22.3.15.3. Sales Footprint
22.3.15.4. Strategy Overview
22.3.16. Reliance Industries
22.3.16.1. Overview
22.3.16.2. Product Portfolio
22.3.16.3. Sales Footprint
22.3.16.4. Strategy Overview
22.3.17. CNBM
22.3.17.1. Overview
22.3.17.2. Product Portfolio
22.3.17.3. Sales Footprint
22.3.17.4. Strategy Overview
22.3.18. China Beihai Fiberglass Co. ltd
22.3.18.1. Overview
22.3.18.2. Product Portfolio
22.3.18.3. Sales Footprint
22.3.18.4. Strategy Overview
22.3.19. Binani Industries Ltd
22.3.19.1. Overview
22.3.19.2. Product Portfolio
22.3.19.3. Sales Footprint
22.3.19.4. Strategy Overview
23. Primary Survey Analysis
24. Assumptions and Acronyms Used
25. Research Methodology