GFRP Composites Market to Grow with a CAGR of 5.52% through 2030

Growing demand for GFRP composites in the automotive and construction industries are factors driving the Global GFRP Composites Market in the forecast period 2026-2030.

According to TechSci Research report, “GFRP Composites Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the Global GFRP Composites Market was valued at USD 18.34 Billion in 2024 and is expected to reach USD 25.22 Billion by 2030 with a CAGR of 5.52%. Government initiatives have significantly influenced the favorable growth trajectory of the Global Glass Fiber Reinforced Polymer (GFRP) Composites Market. Several government-led efforts have driven the adoption of GFRP products, particularly in infrastructure development and public construction projects. The Florida Department of Transportation (FDOT) has actively promoted the use of GFRP composites by integrating them into fender system piles and wales. These applications have proven successful in minimizing degradation caused by physical and environmental factors, helping to extend the lifespan and improve the performance of transportation infrastructure. The Federal Highway Administration (FHWA) also supports the adoption of GFRP rebars in concrete structures. This material addresses structural issues caused by mismatched stiffness and thermal expansion between steel rebars and concrete. By replacing traditional steel reinforcement with GFRP rebars, the FHWA aims to improve the durability and reliability of concrete-based infrastructure and reduce long-term maintenance costs.

Environmental awareness has also led to increased interest in sustainable construction materials. GFRP composites offer an ideal combination of light weight and high strength, making them a compelling alternative to conventional materials such as steel and aluminum. These characteristics help reduce energy consumption in transportation and decrease structural loads in construction, aligning with global sustainability goals. GFRP composites are finding expanded use in sectors such as transportation, civil infrastructure, marine, and renewable energy. As demand grows for long-lasting and cost-efficient materials, GFRP’s resistance to corrosion and superior mechanical properties are becoming more valued by engineers, architects, and policymakers.

With continued government backing, private sector investment, and technical advancements, the GFRP composites market is positioned for sustained growth. This momentum reflects a broader shift in industry preferences toward stronger, lighter, and more environmentally responsible materials for critical applications in infrastructure and beyond.

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The Global GFRP Composites Market is segmented into resin type, end user, regional distribution, and company

Based on the category of resin type, the polyester segment emerged as the fastest growing segment in the global market for GFRP Composites in 2024. Polyester resin is renowned for its exceptional physical and chemical properties, which render it an ideal choice across a wide range of applications. Its remarkable chemical resistance, impressive strength-to-weight ratio, and unparalleled durability make it the preferred option for numerous end-user companies. The utilization of polyester resin can significantly enhance the performance of Glass Fiber Reinforced Polymer (GFRP) composites, making them exceptionally adaptable to a myriad of applications.

The versatility of polyester as a material is truly remarkable, as it can be skillfully tailored to meet the precise requirements of any given application. This inherent versatility, coupled with its cost-effectiveness, has propelled polyester to become a highly sought-after choice in the GFRP composites market. The affordability of polyester in comparison to other types of resins plays a pivotal role in its dominating position in the market, catering to the diverse needs and budgetary considerations of a wide range of industries.

Based on region, the Asia-Pacific segment is projected to experience the fastest growth in the Global Glass Fiber Reinforced Polymer (GFRP) Composites Market during the forecast period. This growth is driven by increasing infrastructure development, urbanization, and industrial expansion in key countries such as China, India, Japan, and South Korea. Government investments in transportation, renewable energy, and construction projects are fueling the demand for durable and lightweight materials like GFRP composites. Additionally, rising environmental awareness and the shift toward sustainable building materials are encouraging broader adoption across various sectors. The presence of major manufacturers and growing end-user industries in the region further support market expansion and position Asia-Pacific as a key driver of global GFRP demand.

Major companies operating in Global GFRP Composites Market are:

• Owens Corning
• Jushi Group Co Ltd
• Taishan Fiberglass Inc
• Saint-Gobain Limited
• Nippon Sheet Glass Company, Limited
• Polycomp International Corporation
• PPG Industries, Inc.
• Binani 3B-Fibre Glass Company
• Nitto Boseki Co. Ltd
• Chomarat Textiles Industries SASU

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“The Global Glass Fiber Reinforced Polymer (GFRP) Composites Market is witnessing robust growth, driven by rising demand from the construction, automotive, aerospace, and renewable energy sectors. GFRP composites offer superior strength-to-weight ratio, corrosion resistance, and durability, making them an ideal alternative to traditional materials like steel and aluminum. Government initiatives promoting sustainable infrastructure and the adoption of advanced materials are accelerating market expansion. Asia-Pacific is emerging as the fastest-growing region due to rapid industrialization and infrastructure development. Continued innovation, increasing environmental awareness, and expanding application areas are expected to propel the global GFRP composites market in the coming years”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“GFRP Composites Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Resin Type (Polyester, Vinyl Ester, Epoxy, Polyurethane, Others), By End User (Electrical & Electronics, Transportation, Pipes & Tanks, Construction & Infrastructure, Others), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global GFRP Composites Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global GFRP Composites Market.

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