Press release
Glass Fiber Reinforced Plastic (GFRP) Composites Market Projected to Reach US$ 41.53 Billion by 2033, Fuelled by 8.4% CAGR
Glass Fiber Reinforced Plastic (GFRP) Composites Market
Growing demand for high durability, flexibility, and premium quality products is increasing the adoption of glass fiber reinforced plastic (GFRP) composites. In addition, increasing electronic, automobile, and construction industries are surging the demand for glass fiber reinforced plastic (GFRP) composites. For example, automobile manufacturers are developing light weighted devices and equipment to reduce the consumption of fuels.
Discover growth opportunities and assess market potential with an industry overview. Request a sample now and stay ahead of the curve! https://www.futuremarketinsights.com/reports/sample/rep-gb-167
Increasing preferences for renewable energy and rising environmental concerns boost the market growth. The adoption of GFRP composites pipes in the oil, chemical, and marine industries o transfer the liquid and boost the strength propels market opportunities. Moreover, innovations of low-weighted vehicles, such as electric cars and SUVs, are further advancing the market expansion during the forecast period.
The United States Dominates the Global Market
The United States is leading the global market by securing a maximum share during the forecast period. The increasing urbanization, automobiles, and construction activities are flourishing in the United States market. The growing demand for superior and high-quality equipment is increasing the demand for glass fiber reinforced plastic (GFRP) composites.
Rising standards of living, government support, and huge investments are propelling the market in the country. Innovative product launches and adopting marketing strategies are the other factors that bolster the market size. In addition, the manufacturers are adopting last-long materials with advanced molding technologies to expand the market size in the United States.
Key Takeaways:
The glass fiber reinforced plastic (GFRP) compositesmarket is expected to have a valuation of US$ 41.53 billion by 2033.
With a CAGR of 8.4%, the global market is increasing from 2022 to 2033.
The United States glass fiber reinforced plastic (GFRP) composites marketis leading the global market, with registering a maximum share through 2033.
The market secured a CAGR of 8.0% in the historical period between 2017 and 2022.
The market captured a valuation of US$ 17.81 billion in the historical period.
Access Exclusive Data - Explore the Full Report: https://www.futuremarketinsights.com/reports/global-glass-fiber-reinforced-plastic-composites-market
Who is winning?
The prominent players are launching their innovative products as per end-users' requirements. Apart from it, they are investing a huge amount in research and development activities to produce innovative and easy-to-use equipment with the latest technology. The players are setting their goals by adopting better technology, apart from traditional and complicated methods.
The key vendors built several marketing tactics to enhance the market position in the international market. Their marketing strategies are collaborations, mergers, product launches, partnerships, and acquisitions.
Top Players Working in the Market are:
• 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
• Nippon Sheet Glass Co. Ltd
Recent Developments in the Glass Fiber Reinforced Plastic (GFRP) Composites Market:
In March 2020, Saint Gobain invested INR 500Cr to start manufacturing in India. The company motto provides services for window lines, float glass, and others.
In July 2017, Owens Corning acquired Aslan FRP, a United-based company, to advance its portfolio in making infrastructure, including roads, tunnels, buildings, and marine.
Get the Report Methodology Now! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-167
Glass Fiber Reinforced Plastic (GFRP) Composites Market Segmentation by Category
By Resin Type:
Thermoplastic
Polyurethane
Polyester
Epoxy
Vinyl Ester
By End User:
Transportation
Renewable Energy
Electric & Electronics
Military & Defence
Telecommunication
Building & Construction
By Manufacturing Process:
Injection Molding
Filaments
Compression Molding
RTM & VARTM
Layup
By Region:
North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa (MEA)
Exploring Innovations in Chemicals & Materials: A Compilation of Related Research Reports
Fiberglass Market: https://www.futuremarketinsights.com/reports/fiberglass-market
Biobased Biodegradable Plastics Market: https://www.futuremarketinsights.com/reports/global-biobased-biodegradable-plastics-market
Bio-plastics Market: https://www.futuremarketinsights.com/reports/global-bio-plastics-market
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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 (GFRP) Composites Market Projected to Reach US$ 41.53 Billion by 2033, Fuelled by 8.4% CAGR here
News-ID: 3192050 • Views: …
More Releases from Future Market Insights Inc
Aftermarket Microfibre Filter Cartridges & Replacement Units Market Landscape 20 …
The Aftermarket Microfibre Filter Cartridges & Replacement Units Market is emerging as a critical segment within the global appliance maintenance and environmental filtration ecosystem. Valued at USD 83 million in 2026, the market is projected to reach USD 223 million by 2036, expanding at a healthy CAGR of 10.4% over the forecast period. This sustained growth reflects rising awareness of microplastic pollution, expanding washing machine penetration, and increasing reliance on…
Future of the Global Photo Printing and Merchandise Market - Key Drivers, Disrup …
The global Photo Printing and Merchandise Market is poised for steady and resilient growth over the next decade, driven by rising consumer demand for personalized products and the seamless integration of digital platforms with physical printing solutions. Valued at USD 26.4 billion in 2026, the market is projected to reach USD 42.1 billion by 2036, expanding at a value-based CAGR of 5.1% during the forecast period.
This growth outlook reflects strong…
Global Drain Cleaning Chemicals Market Dynamics 2026-2036: Risk Assessment, Supp …
The global Drain Cleaning Chemicals Market is poised for steady and resilient growth over the next decade, expanding from USD 1,152 million in 2026 to USD 1,841 million by 2036, registering a compound annual growth rate (CAGR) of 4.8%. This growth reflects rising hygiene standards, expanding urban infrastructure, and continuous innovation by both established manufacturers and emerging players focused on safer, more sustainable drain maintenance technologies.
Market Overview and Growth Outlook…
Sound-Emitting Gift Packs Market 2026-2036: High-Value Insights for Strategy, Pr …
The global Sound-Emitting Gift Packs Market is entering an exciting growth phase as brands, manufacturers, and packaging innovators respond to rising consumer demand for interactive, personalized, and emotionally engaging gifting experiences. According to the latest market outlook, the industry is projected to expand from USD 180 million in 2026 to USD 520 million by 2036, registering a robust CAGR of 11.2% over the forecast period.
This growth reflects a broader shift…
More Releases for FRP
FRP Rebar Market Set to Soar to $1361 Million by 2031 with 6.7% CAGR | Aslan FRP …
Report Description -
QYResearch latest report 'FRP Rebar Market 2025 Report' provides a comprehensive analysis of the industry with market insights will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. Finally, this will increase the return rate and strengthen the competitive advantage within. Since it's a personalised market report, the services are catered to the particular difficulty. The correct methodology…
Fiber Reinforced Plastics (FRP) Sales Market Size Analysis by Application, Type, …
According to Market Research Intellect, the global Fiber Reinforced Plastics (FRP) Sales market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The market for Fiber Reinforced Plastics (FRP) has been steadily growing due to rising demand…
FRP Cable Tray Market Size and Forecast
FRP Cable Tray Market size was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.2% from 2024 to 2030.
FRP Cable Tray Market Outlook and Investment Analysis
What is the current outlook for the FRP Cable Tray Market?
The FRP Cable Tray market is experiencing strong growth due to its increasing demand across various industries such as construction, electrical,…
FRP Rebar Market Growth Dynamics 2025-2032
The Fiber Reinforced Polymer (FRP) Rebar market has emerged as a critical player in the construction sector, offering innovative solutions for reinforcing concrete structures. With its lightweight, high tensile strength, and corrosion resistance, FRP Rebar is gaining traction in various applications, including road building, bridges, and underground construction. The market is characterized by a growing demand for sustainable construction materials, which is driving the adoption of FRP Rebar as a…
Key Trend Reshaping the FRP Tank Market in 2025: Product Innovation In The FRP T …
What combination of drivers is leading to accelerated growth in the frp tank market?
The growth of FRP tanks is anticipated to be driven by the escalating need for oil and gas storage solutions. Storage systems for oil and gas incorporate terminals or tanks that keep the produced oil and gas either above or underground. The oil and gas sector utilizes FRP tanks to hold bulk quantities of fluids at various…
FRP Pole Market Size, Share | Trend 2022
The global frp pole market size was valued at USD 328.1 million in 2021 and is expected to grow at a CAGR of 5.8% during the forecast period 2022 to 2028. FRP Pole (Fiber Reinforced Polymer Pole) is a type of composite material that is made by combining fibers such as carbon, fiberglass, or aramid with a polymer matrix. These poles are lightweight, strong, and highly durable, which makes them…
