Market Overview

The Global Glass Fiber Reinforced Polymer (GFRP) Market was valued at USD 21,174.9 million in 2023 and is expected to reach USD 35,044.3 million by 2031 while growing at a CAGR of 6.5% during the forecast period (2024-2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global fiber-reinforced polymer GFRP market growth. Glass Fiber Reinforced Polymer (GFRP), commonly known as fiberglass, is a composite material comprising fine glass fibers intricately woven into a polymer resin matrix. This unique blend imparts the strength and durability of glass while maintaining the flexibility and lightweight characteristics inherent in polymers. GFRP falls under the category of fiber-reinforced polymers (FRP), with glass fibers serving as the specific reinforcing material.

Increasing demand in the construction industry and rising awareness of environmental sustainability propel the glass fiber reinforced polymer (GFRP) market forward, despite challenges such as high initial costs and concerns about recyclability.

Furthermore, the global fiber-reinforced polymer (GFRP) industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Resin Type Analysis

The Global Glass Fiber Reinforced Polymer (GFRP) Market is segmented among Polyester, Vinyl Ester, Epoxy, Polyurethane, and Other Resin Types, based on Resin Type. In 2023, Polyester accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Process Analysis

The Global Glass Fiber Reinforced Polymer (GFRP) Market is segmented among Manual Process, Compression Molding, Continuous Process, and Injection Molding, based on Process. In 2023, Compression Molding accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Glass Fiber Reinforced Polymer (GFRP) Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Advanced Composites Inc., BASF SE, BGF Industries Inc., Braj Binani Group, Celanese Corporation, China Beihai Fiberglass Co. Ltd, China Jushi Co. Ltd, Chongqing Polycomp International Corp. (CPIC), Jiangsu Jiuding New Materials Co. Ltd, Johns Manville, and Nippon Electric Glass Co., Ltd.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Glass Fiber Reinforced Polymer (GFRP) Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Fiber Reinforced Polymer Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Glass Fiber Reinforced Polymer (GFRP) Market Segmentation, By Resin Type  

• Global Glass Fiber Reinforced Polymer (GFRP) Market Share Analysis, By Resin Type  

• Global Glass Fiber Reinforced Polymer (GFRP) Market Growth Analysis, By Resin Type  

• Global Glass Fiber Reinforced Polymer (GFRP) Market Trends, By Resin Type  

o Polyester

o Vinyl Ester

o Epoxy

o Polyurethane

o Other Resin Types (PEEK Resin, Phenolic Resin, etc.)

6. Global Glass Fiber Reinforced Polymer (GFRP) Market Segmentation, By Process

• Global Glass Fiber Reinforced Polymer (GFRP) Market Share Analysis, By Process

• Global Glass Fiber Reinforced Polymer (GFRP) Market Growth Analysis, By Process

• Global Glass Fiber Reinforced Polymer (GFRP) Market Trends, By Process

o Manual Process

o Compression Molding

Ø Sheet Molding Compound Process

Ø Glass Mat Thermoplastic Process

o Continuous Process

o Injection Molding

7. Global Glass Fiber Reinforced Polymer (GFRP) Market Segmentation, By End-User Industry

• Global Glass Fiber Reinforced Polymer (GFRP) Market Share Analysis, By End-User Industry

• Global Glass Fiber Reinforced Polymer (GFRP) Market Growth Analysis, By End-user Industry

• Global Glass Fiber Reinforced Polymer (GFRP) Market Trends, By End-User Industry

o Energy

o Automotive

o Marine

o Construction and Infrastructure

o Electrical and Electronics

o Aerospace and Defense

o Other

8. Global Glass Fiber Reinforced Polymer (GFRP) Market Segmentation, By Region

• Global Glass Fiber Reinforced Polymer (GFRP) Market Share Analysis, By Region

• Global Glass Fiber Reinforced Polymer (GFRP) Market Growth Analysis, By Region

• Global Glass Fiber Reinforced Polymer (GFRP) Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

9. Competitive Landscape

• Advanced Composites Inc.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• BASF SE

• BGF Industries Inc.

• Braj Binani Group

• Celanese Corporation

• China Beihai Fiberglass Co. Ltd

• China Jushi Co. Ltd

• Chongqing Polycomp International Corp. (CPIC)

• Jiangsu Jiuding New Materials Co. Ltd

• Johns Manville

• Nippon Electric Glass Co., Ltd.

*Similar analysis will be provided for each company listed above.