Global Gf And Gfrp Composites Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

General-Purpose Glass Fibers, Special-Purpose Glass Fibers, Thermoplastic Plastic Products, and Thermosetting Plastic Products.

By End-User;

Transportation, Consumer Goods, Marine, Construction & Infrastructure, and Electrical & Electronics.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn490375934 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Gf And Gfrp Composites Market (USD Million), 2021 - 2031

In the year 2024, the Global Gf And Gfrp Composites Market was valued at USD 9,664.49 million. The size of this market is expected to increase to USD 11,886.10 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.0%.

The global Glass Fiber (GF) and Glass Fiber Reinforced Polymer (GFRP) composites market is experiencing significant growth due to their superior properties and versatile applications across various industries. Glass fiber composites are known for their lightweight, high-strength, and corrosion-resistant characteristics, making them ideal for use in construction, automotive, aerospace, and marine industries. As industries seek to enhance performance and reduce weight while maintaining structural integrity, the demand for GF and GFRP composites has surged.

Advancements in manufacturing technologies and the development of new resin systems have further bolstered the market. Innovations such as improved fiber alignment and matrix compatibility have enhanced the mechanical properties and durability of these composites, opening new avenues for their application. Additionally, the increasing emphasis on sustainable and energy-efficient materials has accelerated the adoption of GF and GFRP composites, as they offer eco-friendly alternatives to traditional materials.

Despite the robust growth, the market faces challenges including high production costs and recycling issues associated with glass fiber composites. However, ongoing research and development efforts are addressing these concerns by improving cost-efficiency and exploring recycling methods. As industries continue to prioritize lightweight and high-performance materials, the global GF and GFRP composites market is poised for continued expansion, driven by innovation and increasing demand across diverse sectors.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By End-User
    3. Market Snapshot, By Region
  4. Global Gf And Gfrp Composites Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand in the automotive and transportation sectors
        2. Increasing adoption in renewable energy applications (wind energy)
        3. Advancements in manufacturing technologies
      2. Restraints
        1. High production costs
        2. Limited recycling options for composites
        3. Technical challenges in material performance
      3. Opportunities
        1. Expansion in construction and infrastructure sectors
        2. Innovations in lightweight, high-strength composites
        3. Rising focus on sustainability and eco-friendly materials
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Gf And Gfrp Composites Market, By Product , 2021 - 2031 (USD Million)
      1. General-Purpose Glass Fibers
      2. Special-Purpose Glass Fibers
      3. Thermoplastic Plastic Products
      4. Thermosetting Plastic Products
    2. Global Gf And Gfrp Composites Market, By End-User, 2021 - 2031 (USD Million)
      1. Transportation
      2. Consumer Goods
      3. Marine
      4. Construction & Infrastructure
      5. Electrical & Electronics
    3. Global Gf And Gfrp Composites Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Owens Corning
      2. Hexcel Corporation
      3. Jushi Group
      4. AGY Holding Corp.
      5. SGL Carbon SE
      6. Mitsubishi Chemical Corporation
      7. Chomarat
      8. Teijin Limited
      9. PPG Industries
      10. SABIC (Saudi Basic Industries Corporation)
  7. Analyst Views
  8. Future Outlook of the Market