Press release
Glass Fiber Reinforced Plastic Composites Market is reaching at a Gracious Rate of 6.6% by 2032
Glass Fiber Reinforced Plastic (GFRP) Composites Market
A lightweight and durable fiber, glass reinforced plastic is produced from very fine fibers of glass. In comparison to carbon fibers, glass fibers demonstrate low brittleness and the fibers of glass used for their production are more affordable. Again, compared to metals, glass fiber possesses superior properties, both strength, and weight-wise. In addition, glass fibers can be produced using different molding techniques.
Glass fibers are largely utilized as an essential raw material for creating distinctive types of composite materials. One of the most important applications of glass fibers is the manufacturing of glass fiber reinforced plastic (GFRP) composites, the largest class of composite materials. Around 90% of the reinforcements used in the composites sector are glass fibers.
Get a Sample Copy of the Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-167
GFRP composites are widely used in a variety of industries such as wind energy, construction, automotive, aerospace, piping, and anti-corrosive industrial equipment. This bodes well for the overall market growth. Further, the increasing demand for GFRP composites from the transportation and construction sectors will likely fuel the growth of the glass fiber as well as the glass fiber reinforced plastic (GFRP) composites market in the upcoming decade.
Besides glass fibers, thermoset resin is gaining traction as a raw material used for the production of GFRP composites. Increasingly used in the production of composite materials for marine, piping, and building and construction applications, polyester thermoset resins are registering high demand.
Other than glass fibers and thermoset resins, common materials are used as fillers are used in the production of composite materials for enhancing the physical properties of composite materials.
Thermoplastic resins offer higher impact strength, and better surface finishes to the composite materials while being easily molded and recycled. The use of such inventive raw materials enhances the quality of GFRP composites and also spurs the demand for GFRP composites in different industrial applications during the forecast period.
"Expansive usage in varied industries like wind energy, construction, automotive, aerospace, piping, and anti-corrosive industrial equipment will propel the global growth of the glass fiber reinforced plastic (GFRP) composites market over the forecast period," says an FMI analyst.
Key Takeaways:
The use of innovative raw materials enhances GFRP strength and increases the overall demand.
Asia Pacific and North America dominate the global marketplace, together accounting for 50% of the global market share.
The advancing defense industry in the United States is driving the target market growth in North America.
The expanding infrastructure and construction industry in India and China drives the target market growth in the Asia Pacific region.
Browse Full Market Report@ https://www.futuremarketinsights.com/reports/global-glass-fiber-reinforced-plastic-composites-market
Competitive Landscape
Johns Manville, BGF Industries, Asahi Glass Company Limited, Advanced Glassfiber Yarns LLC, Chomarat Group, Jushi Group Co. Ltd., Taishan Fiberglass Inc., Owens Corning, PPG Industries Inc., Binani 3B-The Fibreglass Company, Saertex Group, Chongqing Polycomp International Corp., Saint-Gobain Vetrotex, Nitto Boseki Co. Ltd. and Nippon Sheet Glass Co. Ltd., among others are some of the major players in the glass fiber reinforced plastic (GFRP) composites market profiled in the full version of the report.
Leading market players are focusing on increasing their research and development activities to identify the best raw material for the manufacturing process. These enterprises engage in various organic and inorganic business expansion strategies.
Before Buying, Visit for Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-167
Key Segments
By Type
Epoxy
Polyester
Vinyl Ester
By Application
Transportation
Electricals
Electronics
By Region
North America
Latin America
Asia Pacific
Japan
Western Europe
Eastern Europe
Middle East & Africa
Request Discount @
https://www.futuremarketinsights.com/request-discount/rep-gb-167
More Insights into Glass Fiber Reinforced Plastic (GFRP) Composites Market Report
In its latest report, FMI offers an unbiased analysis of the global glass fiber reinforced plastic (GFRP) composites market, providing historical data from 2014 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type, application, and region.
Based on region, the glass fiber reinforced plastic (GFRP) composites market in the Asia Pacific and in North America will demonstrate significant growth during 2022-2032. The target market in these regions together accounts for 50% of the global glass fiber reinforced plastic (GFRP) composites market share.
The expanding infrastructure and construction activities in India and China as well as the advancing defense industry in the U.S. fuels the growth of the glass fiber reinforced plastic (GFRP) composites market in the Asia Pacific and North America during the forecast period.
Explore FMI's Extensive ongoing Coverage on Chemicals & Materials Domain
Aramid Fiber Market: https://www.futuremarketinsights.com/reports/aramid-fiber-market
Alpaca Fiber Market: https://www.futuremarketinsights.com/reports/alpaca-fiber-market
Contact Us
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/category/chemicals-and-materials
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Glass Fiber Reinforced Plastic Composites Market is reaching at a Gracious Rate of 6.6% by 2032 here
News-ID: 2875039 • Views: …
More Releases from Future Market Insights
Extruded Snacks Market to Reach USD 170.3 Billion by 2035 Amid Health and Conven …
A new market analysis released today projects the global extruded snacks market to surge from an estimated USD 89.9 billion in 2025 to USD 170.3 billion by 2035, demonstrating a robust Compound Annual Growth Rate (CAGR) of 6.6%. The market is set to deliver an impressive absolute dollar opportunity of USD 80.4 billion over the forecast period, driven by a global consumer shift towards convenient, shelf-stable, and healthier snack options.
The…
Global Banana Flakes Market Soars to USD 876.1 million by 2035, Driven by Health …
A new market analysis reveals the global banana flakes market is set to expand significantly, projecting a robust Compound Annual Growth Rate (CAGR) of 4.6% from 2025 to 2035. The market, valued at USD 559.6 million in 2025, is forecast to reach USD 876.1 million by 2035, fueled by a rising consumer preference for natural, gluten-free, and plant-based ingredients in daily food choices.
This press release offers a detailed look into…
Confectionery Fillings Market Sweetens Global Outlook, Projected to Reach USD 2. …
The global confectionery fillings market is poised for significant growth, with a new market analysis revealing a robust expansion fueled by a surge in consumer demand for innovative flavors and indulgent textures. According to the analysis, the market is estimated at USD 1381.2 million in 2025 and is projected to reach USD 2207.4 million by 2035, exhibiting a healthy compound annual growth rate (CAGR) of 4.8% during the forecast period.
The…
Water Softener Market to Skyrocket to USD 8.7 Billion by 2035, Driven by Smart T …
A new market analysis reveals the global water softener market is poised for significant expansion, with a forecasted value of USD 8.7 billion by 2035. The report, covering the period from 2025 to 2035, projects a robust Compound Annual Growth Rate (CAGR) of 8.3%, up from an estimated USD 3.9 billion valuation in 2025. This surge is fueled by a combination of factors, including increasing consumer awareness of hard water's…
More Releases for GFRP
GFRP Composites Market Size, Share and Growth Report, 2034
"The global Glass Fiber Reinforced Plastic (GFRP) composites market is valued at approximately $13.5 billion in 2024, with projections estimating a market value of around $25 billion by 2034. This growth reflects a robust Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period from 2025 to 2034. "
Exactitude Consultancy., Ltd. released a research report titled "GFRP Composites Market". This report covers the global GFRP Composites market sales, sales…
GFRP Composite Materials Market: Extensive Analysis and Growth Projections|
-The report comes out as an intelligent and thorough assessment tool as well as a great resource that will help you to secure a position of strength in the global GFRP Composite Materials market. It includes Porter's Five Forces and PESTLE analysis to equip your business with critical information and comparative data about the Global GFRP Composite Materials Market. We have provided deep analysis of the vendor landscape to give…
Global GFRP Composites Market Analysis (2023-2029)
The global GFRP Composites market size is projected to grow from US$ 30560 million in 2022 to US$ 39040 million in 2029; it is expected to grow at a CAGR of 39040 from 2023 to 2029.
Global key players of GFRP composites include BASF, Lanxess, DSM and SABIC, the top four players hold a share over 11%. BASF is the largest producer, with a share of 4%. Asia-Pacific is the…
GFRP Rebars Market To Scintillate From 2021-2031
GFRP Rebars Market: Introduction
The traditional strengthened concrete members such as beams are composed of concrete included Portland cement and steel rebars reinforcement. The tensile and shear loads will be resisted by steel rebars embedded in the concrete. Recent technologies have resulted in alternative reinforcing materials such as GFRP materials commercially available in the form of bars that can be bonded in concrete members to fulfill several desired properties. Glass fiber…
GFRP Composites Market Size & Analysis - Forecast to 2026
As per the research conducted by GME, the Global GFRP Composites Market will grow with a CAGR value of 7.2% from 2021 to 2026. The demand for GFRP composites is driven by low cost, lightweight, elasticity, and resistance. In the shipping sector, the GFRP market has a larger reach. There are many production methods, but compression and injection molding are the most common since they are used in a wide…
GFRP Composites Market: Competitive Dynamics & Global Outlook 2025
LP INFORMATION recently released a research report on the GFRP Composites market analysis and elaborate the industry coverage, current market competitive status, and market outlook and forecast by 2025. Moreover, it categorizes the global GFRP Compositesmarket by key players, product type, applications and regions,etc.
The main objective of this market research is to help the readers understand the structure of GFRP Compositesmarket, market definition, overview, industry opportunities and trends, investment…
