Glass Fiber Reinforced Plastics (GFRP) Market Analysis By Demand, By Region, By Applications and Forecast Report Till 2032

Glass Fiber Reinforced Plastics (GFRP) Market Overview

"Glass Fiber Reinforced Plastics" (GFRP) refers to a category of composite materials where glass fibers are used as reinforcement within a polymer matrix. GFRP encompasses various types of composites, but the largest type is typically known as Glass Fiber Reinforced Polyester (GFRP). The market is divided into types and applications. In terms of type the market is segmented into Polyester, Epoxy, and Vinyl Ester. 

Glass Fiber Reinforced Polyester (GFRP) is widely used and considered the largest type of GFRP due to its versatility, cost-effectiveness, and widespread application across industries. GFRP composites with a polyester resin matrix offer a good balance of mechanical properties, chemical resistance, and electrical insulation. They are commonly utilized in sectors such as automotive, construction, marine, aerospace, and consumer goods.

By applications, the market is segmented into Automotive, Electrical & Electronics, Building & Construction, Aerospace, Marine, and Wind Energy. They are most commonly used in the Automotive industry as they help manufacturers achieve light-weighting goals, improve fuel efficiency, and enhance overall vehicle performance. It also offers opportunities for innovative designs and increased sustainability in the automotive industry.

Glass Fiber Reinforced Plastics (GFRP) Region Analysis:

Asia Pacific region dominates the Glass Fiber Reinforced Plastics market due to the presence of automotive, construction, and other industries. China is the largest automotive market and is expected to dominate in the forecast period as well. The rising demand for SUVs and fuel-efficient cars and the rising disposable income of the population will positively impact Glass Fiber fiber-reinforced plastics.  The rising demand for GFRP in the construction industry is rising due to the implantation of several projects. For instance, India has launched the “The Smart City Project” where 100 cities will be planned across the country.

Rising demand from the Automotive Industry

Glass Fiber Reinforced Plastics (GFRP) have significant applications in the automotive industry. They are used in various components and parts of vehicles due to their lightweight, high-strength, and corrosion-resistant properties.

They are used in the manufacturing of exterior body panels, such as hoods, roofs, doors, fenders, and trunk lids. By replacing traditional metal components with GFRP, vehicles can achieve weight reduction, leading to improved fuel efficiency and reduced emissions.

GFRP is used in interior applications, including dashboard structures, center consoles, seat backs, and door panels. GFRP's design flexibility allows for complex shapes and intricate designs, providing both aesthetic appeal and functional integration.

GFRP composites are utilized in structural elements of the vehicle, such as chassis, subframes, and suspension components. GFRP's high strength-to-weight ratio allows for weight reduction without compromising structural integrity, resulting in improved performance and handling.

GFRP can be employed in various engine components, including intake manifolds, cylinder head covers, and oil pans. GFRP's resistance to high temperatures and chemicals makes it suitable for these applications.

With the rise of electric vehicles (EVs), GFRP is increasingly used in battery enclosures. GFRP provides electrical insulation, impact resistance, and thermal management for battery systems.

GFRP composites can be utilized in NVH applications to reduce noise and vibration within the vehicle cabin. GFRP panels and structures can dampen vibrations and contribute to a quieter and more comfortable driving experience.

Brittleness of GFRP

GFRP offers high strength and stiffness, the composite material can be more prone to fracture or failure under high impact or sudden loading conditions. This brittleness may hinder its use in applications where it needs to withstand heavy impacts or dynamic loads. However, proper design and engineering techniques, including the use of additional impact-resistant layers or reinforcements, can help mitigate this disadvantage and make GFRP suitable for a wide range of applications.

Scope of Report 

The Glass Fiber Reinforced Plastics (GFRP) report describes the global Glass Fiber Reinforced Plastics (GFRP) market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Types and Applications
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Glass Fiber Reinforced Plastics (GFRP) Market data in terms of volume and value for each end-use 
   at regional and country level
•  Glass Fiber Reinforced Plastics (GFRP) Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Types
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2020
          -  Base - 2021
          -  Forecast Period - 2022 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance      
      • Automotive
      • Electrical & Electronics
      • Building & Construction
      • Aerospace
      • Marine
      • Wind Energy
      • Others 
5.  Introduction to Glass Fiber Reinforced Plastics (GFRP) and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
7.  Global Glass Fiber Reinforced Plastics (GFRP) Demand Analysis, By Types, By Applications (Volume, Value) (2016–2032) 
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2032)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Glass Fiber Reinforced Plastics (GFRP) Market, By Types
          Polyester
          Epoxy
          Vinyl Ester
      •  Global Glass Fiber Reinforced Plastics (GFRP) Market, By Applications
          Automotive
          Electrical & Electronics
          Building & Construction
          Aerospace
          Marine
          Wind Energy
          Others
8.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2032)
      •  Demand Growth Rate (%)
      •  Glass Fiber Reinforced Plastics (GFRP) Market, By Types
      •  Glass Fiber Reinforced Plastics (GFRP) Market, By Applications
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by types and applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  ASEAN
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the types and applications to arrive at the regional/global demand growth for the forecast period (2022 – 2032)
9.  Pricing Analysis
10.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
11.  Strategic Recommendation & Suggestions
12.  Company Analysis and Market Share Analysis
      •  Glass Fiber Reinforced Plastics (GFRP) Manufacturers Profiles/ Company Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             - Jushi Group Co., Ltd.
             - Owens Corning
             - PPG Industries, Inc.
             - Saint-Gobain S.A.
             - Johns Manville Corporation
             - Chongqing Polycomp International
             - Taishan Fiberglass, Inc.
             - Asahi Fiber Glass Co., Ltd.
             - Binani Industries Ltd.
             - AGY Holdings Corp.
             - BGF Industries, Inc.
             - Celanese Corporation
             - Quantum Composites
             - Reliance Industries
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report 

The Glass Fiber Reinforced Plastics (GFRP) report describes the global Glass Fiber Reinforced Plastics (GFRP) market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Types and Applications
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Glass Fiber Reinforced Plastics (GFRP) Market data in terms of volume and value for each end-use 
   at regional and country level
•  Glass Fiber Reinforced Plastics (GFRP) Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment


Frequently Asked Questions

How big is the GFRP market?
glass fiber reinforced plastics (GFRP) market was valued at USD 43.5 billion in 2023 with a growing CAGR of 3.7% from 2023 till 2032.