Press release
In-Depth Analysis of the Glass Fiber Reinforced Plastic (GFRP) Composites Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Glass Fiber Reinforced Plastic GFRP Composites Market Share
The expansion of the construction sector is anticipated to act as a catalyst for the growth of the glass fiber-reinforced plastic (GFRP) composite market. The term construction sector refers to the varied activities related to building infrastructure and structures. The rapid urbanization enhances construction activities, as the swelling city populations necessitates new residential, infrastructure, and commercial spaces, thereby perpetuating ongoing construction projects. Glass fiber reinforced plastic (GFRP) composites are robust, lightweight materials with a propensity for corrosion resistance, ultimately prolonging the structural lifespan. These materials reinforce concrete effectively, provide design flexibility, and are immune to rust and electromagnetic interference. For example, the Office for National Statistics reported in February 2023 that the UK's year-on-year construction output had risen 5.6% in 2022, following a record-setting increase of 12.8% in 2021. Hence, the burgeoning construction industry is propelling the growth of the glass fiber reinforced plastic (GFRP) composites market.
Get Your Glass Fiber Reinforced Plastic (GFRP) Composites Market Report Here:
https://www.thebusinessresearchcompany.com/report/glass-fiber-reinforced-plastic-gfrp-composites-global-market-report
What Is the projected market size and growth rate for the glass fiber reinforced plastic (gfrp) composites market?
The market size of glass fiber reinforced plastic (GFRP) composites has seen significant growth in the past few years. The market's worth, which stood at $26.15 billion in 2024, is predicted to increase to $28.23 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.0%. The noteworthy expansion in the past can be traced back to factors such as greater investment in infrastructure, a heightened focus on sustainability, escalated research and development activities, a rise in the utilization of eco-friendly materials, and a surge in the burgeoning wind energy sector.
In the upcoming years, a strong surge is predicted in the size of the glass fiber reinforced plastic (GFRP) composites market. The market is projected to expand to a value of $37.97 billion in 2029, with a compound annual growth rate (CAGR) of 7.7%. The anticipated growth in this period is due to factors like the progression of the automotive industry, infrastructure advancements, expansion in the electrical and electronics sector, the transition from metal to composite materials, and governmental investments in renewable energy. The forecast period will be marked by trends such as the creation of high-performance resins, automation and robotic manufacturing, real-time quality management systems, fine-tuned fiber reinforcement, and the incorporation of augmented reality (AR).
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20819&type=smp
What new trends are reshaping the glass fiber reinforced plastic (gfrp) composites market and its opportunities?
Leading firms in the glass fiber reinforced plastic (GFRP) composites market are innovating advanced glass fiber reinforced plastic (GFRP) recycling techniques to augment sustainability and lessen environmental footprint. The goal of glass fiber reinforced plastic recycling technology is to salvage and recycle glass fibers from unwanted GFRP materials, thus addressing environmental issues by facilitating the effective recycling of both fibers and resins. As an example, Toray Industries Inc., a textile firm based in Japan, introduced Glass fiber-reinforced polyphenylene sulfide (GFRP-PPS) recycling technology in October 2023. The mechanical strength equates to that of virgin PPS, even with 50% or more recycled content. The company utilizes unique compounding methods to merge PPS resin with specific reinforcing fibers, which minimizes glass fiber shortening and breakage during the recycling process. Additionally, this product slashes CO2 emissions by a minimum of 40 percent. The exceptional heat and chemical resistance of the product makes it ideally suited for an array of industrial uses, such as electronic components and parts for electric vehicles.
What major market segments define the scope and growth of the glass fiber reinforced plastic (gfrp) composites market?
The glass fiber reinforced plastic (GFRP) composites market covered in this report is segmented -
1) By Resin Type: Thermoplastic; Polyurethane; Polyester; Epoxy; Vinyl Ester; Other Resin Types
2) By Glass Type: S-Glass; C-Glass; E-Glass; Other Glass Types
3) By Manufacturing Process: Compression Molding; Injection Molding; Layup; Filament Winding; Pultrusion; Resin Transfer Molding (RTM) And Vacuum-Assisted Resin Transfer Molding (VARTM); Other Manufacturing Processes
4) By End-User: Transportation; Renewable Energy; Electric And Electronics; Military And Defense; Telecommunication; Building And Construction; Other End-Users
Subsegments:
1) By Thermoplastic: Polypropylene (PP); Polyamide (PA); Polyethylene (PE); Polyvinyl Chloride (PVC); Acrylonitrile Butadiene Styrene (ABS)
2) By Polyurethane: Rigid Polyurethane Composites; Flexible Polyurethane Composites; Polyurethane Foam Composites
3) By Polyester: Unsaturated Polyester Resin (UPR); Isophthalic Polyester; Orthophthalic Polyester
4) By Epoxy: Bisphenol-A (BPA) Epoxy Resin; Novolac Epoxy Resin; Specialty Epoxy Resin For Composites
5) By Vinyl Ester: Standard Vinyl Ester Resin; Specialty Vinyl Ester Resin; Vinyl Ester Resin For Corrosion Resistance
6) By Other Resin Types: Phenolic Resin; Bismaleimide (BMI) Resin; Polyimide Resin; Cyanate Ester Resin
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20819
Which region dominates the glass fiber reinforced plastic (gfrp) composites market?
Asia-Pacific was the largest region in the glass fiber reinforced plastic (GFRP) composites market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glass fiber reinforced plastic (GFRP) composites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the glass fiber reinforced plastic (gfrp) composites industry growth?
Major companies operating in the glass fiber reinforced plastic (GFRP) composites market are Reliance Industries, Mitsubishi Chemical Group Corporation, Asahi Kasei Corporation, Toray Industries Inc., Owens Corning, Celanese Corporation, Huntsman International LLC, Hexcel Corporation, SGL Carbon SE, Saint-Gobain Group, Röchling SE & Co. KG, 3B-the Fiberglass Company, Pultrall Inc., Advanced Composites Inc., Jiuding New Material Co. Ltd., Tuf-Bar Inc., Tribeni Fiber Pvt Ltd., Stromberg Architectural, Everest Composites Pvt. Ltd., RG Fibrotech Private Limited, Chongqing Dujiang Composites Co. Ltd.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=20819&type=smp
What Is Covered In The Glass Fiber Reinforced Plastic (GFRP) Composites Global Market Report?
•Market Size Forecast: Examine the glass fiber reinforced plastic (gfrp) composites market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the glass fiber reinforced plastic (gfrp) composites market for a structured understanding.
•Key Players Overview: Analyze major players in the glass fiber reinforced plastic (gfrp) composites market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the glass fiber reinforced plastic (gfrp) composites market.
•Segment Contributions: Evaluate how different segments drive overall growth in the glass fiber reinforced plastic (gfrp) composites market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the glass fiber reinforced plastic (gfrp) composites market.
•Industry Challenges: Identify potential risks and obstacles affecting the glass fiber reinforced plastic (gfrp) composites market.
•Competitive Landscape: Review strategic developments in the glass fiber reinforced plastic (gfrp) composites market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 In-Depth Analysis of the Glass Fiber Reinforced Plastic (GFRP) Composites Market: Growth Opportunities, Key Trends, and Forecast 2025-2034 here
News-ID: 3944370 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
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…
