United States Fiber Reinforced Polymer Market 2031 | Growth Drivers, Trends & Market Forecast, Competitive Landscape & Investment Opportunities

Market Size and Growth

The Global Fiber Reinforced Polymer Market is predicted to reach at a high CAGR of 8.1% during the forecast period (2024-2031).

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Key Development:

United States: Recent Fiber Reinforced Polymer Developments

✅ In December 2025, the 2025 AVK Innovation Awards were announced with winners in products, processes, and research categories, highlighting breakthroughs in fiber‐reinforced plastics and composite applications underscoring innovation momentum in lightweight, high‐performance materials across sectors such as automotive and aerospace.

✅ In December 2025, industry reports pointed to expanded composite additive manufacturing and automation techniques that enhance FRP production quality and scalability, enabling more complex geometries and cost‐effective manufacturing for engineering applications.

✅ In September 2025, a major global FRP composites industry forecast noted continued expansion driven by increasing demand in transportation, construction, and aerospace applications, reinforcing the strategic importance of FRP in lightweight engineering solutions.

✅ In October 2025, AVK Innovation Awards 2025 winners were recognized at the JEC Forum DACH in Dresden, with several U.S.‐linked innovations in fiber‐reinforced composite tooling and automated production solutions gaining visibility among global composites developers.

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Japan: Recent Fiber Reinforced Polymer (FRP) Developments

✅ In December 2025, Toray Industries developed a new CFRP recycling technology that decomposes thermoset composite resins at relatively low temperatures to recover continuous carbon fibers that retain most of their original strength advancing sustainability and circular use of FRP materials.

✅ In December 2025, Increased use of advanced FRP and other composites for infrastructure reinforcement (bridges, tunnels, buildings), driven by aging infrastructure needs and seismic‐resilience investments.

✅ In November 2025, Toray Group participated in K 2025 the world's leading plastics and rubber industry exhibition showcasing its latest FRP and composite innovations, including advanced prepregs and design‐ready carbon fiber materials for mobility and industrial applications.

✅ In October 2025, the 70th FRP CON‐EX 2025 conference and exhibition was held in Tokyo, bringing together FRP material manufacturers, resin suppliers and end‐users for presentations and technical exchanges on next‐gen FRP technologies and applications in automotive, aerospace and civil engineering.

Europe: Recent Fiber Reinforced Polymer Developments

✅ In December 2025, The high‐rate manufacturing, digital coherence, and circularity are shaping FRP advances, with finalist innovations across aerospace, automotive, energy and sport materials being spotlighted ahead of JEC World 2026.

✅ In October 2025, the AVK Innovation Award 2025 winners were officially announced in Germany, celebrating leading FRP composites innovations in products, manufacturing processes, and research including 3D‐printed formwork and enhanced CFRP systems for construction and industrial use.

✅ In October 2025, standards and product category rules for FRP rebar and composite reinforcement were formalized by European certification bodies, enabling broader adoption of FRP solutions in infrastructure while ensuring quality and performance.

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Key Players:

=> Owens Corning, Miyabifrp Corporate, Mitsubishi Chemical Corporation, B&B FRP Manufacturing, Saint Gobain , Nippon Sheet Glass, SCL Carbon, Aksaca, Glassonweb, AGC Inc, Guardian Industries, Hengshui Jiubo Composites Co. Ltd, Composite & Metal Products USA Inc., Veplas d.d., and others.

Key Segments:

By End-User

Electronics - ~25% share, driven by demand for lightweight, high-strength components in devices and semiconductors.
Automotive - ~30% share, used in structural parts, interiors, and battery enclosures for electric vehicles.
Construction - ~20% share, applied in building reinforcements, panels, and high-performance materials.
Defense - ~15% share, utilized for armor, military vehicles, and aerospace components.
Others - ~10% share, includes sports equipment, marine, and industrial machinery.

By Type

Glass Fiber Reinforced - ~35% share, widely used due to cost-effectiveness and high tensile strength.
Carbon Fiber Reinforced - ~30% share, preferred in automotive, aerospace, and defense for lightweight and high-performance applications.
Basalt Fiber Reinforced - ~15% share, gaining traction in construction and industrial applications.
Aramid Fiber Reinforced - ~10% share, used in defense, aerospace, and protective gear.
Others - ~10% share, includes hybrid and specialty fibers for niche applications.

By Region

North America - ~30% Share
Strong adoption in aerospace, automotive, and electronics with high R&D investment.

Europe - ~25% Share
Growth driven by automotive, defense, and renewable energy applications.

Asia Pacific - ~30% Share
Fastest-growing market due to industrialization, construction, and EV penetration.

South America - ~10% Share
Emerging adoption in automotive and industrial sectors.

Middle East & Africa - ~5% Share
Opportunities in construction and defense projects, gradually increasing fiber composite usage.

FAQ

Q: What is the growth rate of the Fiber Reinforced Polymer Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2024 to 2031.

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