Fiber Reinforced Polymer Composites Market Report 2025 (Global Edition)

Global Fiber Reinforced Polymer Composites Market Report 2025 Market Size Split by Type (Glass Fiber Reinforced Polymer (GFRP) Composites, Carbon Fiber Reinforced Polymer (CFRP) Composites, Basalt Fib...

Fiber Reinforced Polymer Composites Market Report Description

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Fiber Reinforced Polymer Composites Market Insights Video

Competitive Landscape of the Fiber Reinforced Polymer Composites Market

The competitive landscape is shaped by strategic partnerships, mergers and acquisitions, and investments in research and development to expand product portfolios and global market presence. Market leaders focus on sustainability initiatives and product differentiation to maintain competitive advantage in the dynamic FRPCs market.

May 2022: Gurit acquired a 60% share in Fiberline Composites A/S, strengthening Gurit’s position as a full provider for the wind blade manufacturing market. (Source: https://www.gurit.com/gurit-acquires-majority-share-in-fiberline-composites-a-s/) March 2023: SGL Carbon introduced the new SIGRAFIL® C T50-4.9/235 carbon fiber to expand its material portfolio. The fiber successfully addresses the high strength and high elongation requirements for pressure vessels and other applications. (Source: https://www.presseportal.de/en/pm/15670/5474714)

Top Companies Market Share in Fiber Reinforced Polymer Composites Industry: (In no particular order of Rank)

• Ten Cate NV
• Saint Gobain
• Asahi Fiberglass
• Owen Corning
• Mitsubishi Rayon Co.
• Ltd
• B&B FRP Manufacturing Inc.
• American Fiberglass Rebar
• American Grating
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Fiber Reinforced Polymer Composites Market

Which Region Dominates the Fiber Reinforced Polymer Composites Market in 2024?

According to Cognitive Market Research, North America leads the Fiber Reinforced Polymer Composites market due to several key factors. Firstly, the region boasts a robust manufacturing sector with high demand across aerospace, automotive, and construction industries, which are major consumers of FRP composites. Secondly, technological advancements and substantial investments in research and development contribute to innovative product offerings and improved manufacturing processes. Additionally, stringent regulations promoting lightweight and fuel-efficient materials in automotive and aerospace sectors further drive market growth.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is experiencing rapid growth in the Fiber Reinforced Polymer Composites market primarily due to expanding industrialization and urbanization. The region's burgeoning construction and infrastructure sectors demand lightweight and durable materials, driving the adoption of FRP composites. Moreover, the automotive and transportation industries are increasingly integrating these composites to enhance fuel efficiency and reduce emissions. Government initiatives supporting renewable energy projects further boost market expansion.

 

The current report Scope analyzes Fiber Reinforced Polymer Composites Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Fiber Reinforced Polymer Composites Market

According to Cognitive Market Research, the global Fiber Reinforced Polymer Composites market size was estimated at USD 76154.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 30461.68million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5%from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Fiber Reinforced Polymer Composites market with a market size of USD 24034.27 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The demand is amplified by the nation's stringent environmental regulations and consumer demand for eco-friendly solutions.
• The Canada Fiber Reinforced Polymer Composites market had a market share of USD 3655.40million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Canada's stringent environmental regulations and consumer demand for eco-friendly solutions to increased usage of Fiber Reinforced Polymer Composites.
• The Mexico Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 4.7%during the forecast period,with a market size of USD 2772.01million in 2024.

Europe Fiber Reinforced Polymer Composites Market

According to Cognitive Market Research, the global Fiber Reinforced Polymer Composites market size was estimated at USD 76154.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 22846.26million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5%from 2024 to 2031

• The United Kingdom Fiber Reinforced Polymer Composites market had a market share of USD 3838.17million in 2024 and is projected to grow at a CAGR of 5.3%during the forecast period. In the UK, Fiber Reinforced Polymer Composites sales witness an upswing due to the nation's emphasis on sustainability and stringent environmental regulations fuels demand in automotive applications.
• The France Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 3.7%during the forecast period,with a market size of USD 2101.86 million in 2024.
• According to Cognitive Market Research, the Germany Fiber Reinforced Polymer Composites market size was valued at USD 4523.56million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, Fiber Reinforced Polymer Composites sales surged due to the emphasis on sustainability and stringent environmental regulations fuels demand in automotive applications.
• The Italy Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 3.9%during the forecast period,with a market size of USD 1964.78 million in 2024.
• The Russia Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 3.5% during the forecast period,with a market size of USD 3541.17 million in 2024.
• The Spain Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 3.6%during the forecast period with a market size of USD 1873.39million in 2024
• The LuxembourgFiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 4.6%during the forecast period, with a market size of USD 708.23million in 2024.
• The PortugalFiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 4.3%during the forecast period, with a market size of USD 479.77million in 2024.
• The GreeceFiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 4.8%during the forecast period, with a market size of USD 274.16million in 2024.
• Rest of Europe'sFiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 3.2%during the forecast period, with a market size of USD 3541.17million in 2024.

Asia Pacific Fiber Reinforced Polymer Composites Market

According to Cognitive Market Research, the global Fiber Reinforced Polymer Composites market size was estimated at USD 76154.2Million, out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 17515.47million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0%from 2024 to 2031.

• According to Cognitive Market Research, the China Fiber Reinforced Polymer Composites market size was valued at USD 7881.96 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Fiber Reinforced Polymer Composites sales surge in China due to the increasingly adopted for their lightweight properties.
• The Japan Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 6.5%during the forecast period, with a market size of USD 2417.13million in 2024.
• The India Fiber Reinforced Polymer Composites market had a market share of USD 2101.86 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. India's increasingly adopted for their lightweight properties.
• The South Korea Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 7.1%during the forecast period, with a market size of USD 1751.55 million in 2024.
• The Australia Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 5.7%during the forecast period, with a market size of USD 910.80million in 2024.
• The South East Asia Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 9.0%during the forecast period, with a market size of USD 1208.57million in 2024.
• The Rest of Asia Pacific Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 7.8%during the forecast period, with a market size of USD 1243.60million in 2024.

South America Fiber Reinforced Polymer Composites Market

According to Cognitive Market Research, the global Fiber Reinforced Polymer Composites market size was estimated at USD 76154.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 3807.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4%from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Fiber Reinforced Polymer Composites market size was valued at USD 1629.70million in 2024 and is projected to grow at a CAGR of 6.0%during the forecast period. Fiber Reinforced Polymer Composites sales flourish in Brazil due to the increasingly adopting FRP composites to improve vehicle performance and fuel efficiency, aligning with environmental regulations and consumer preferences for sustainable materials.
• Argentina Fiber Reinforced Polymer Composites market had a market share of USD 639.70million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Argentina's increasingly adopting FRP composites to improve vehicle performance and fuel efficiency, aligning with environmental regulations and consumer preferences for sustainable materials.
• Colombia Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 338.89 million in 2024.
• Peru Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 312.23million in 2024.
• Chile Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 274.16million in 2024.
• The Rest of Latin America Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 613.04million in 2024.

Middle East Fiber Reinforced Polymer Composites Market

According to Cognitive Market Research, the global Fiber Reinforced Polymer Composites market size was estimated at USD 76154.2 Million, out of which the Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 1523.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7%from 2024 to 2031.

• The GCC Countries Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD 651.88 million in 2024. Fiber Reinforced Polymer Composites sales flourish due to the focus on infrastructure development and technological advancements.
• The Egypt Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 6.0%during the forecast period, with a market size of USD 159.92 million in 2024.
• The South Africa Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 6.7%during the forecast period, with a market size of USD 240.65 million in 2024. Fiber Reinforced Polymer Composites sales flourish in South Africa due to the focus on infrastructure development and technological advancements.
• The Turkey Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 5.2% during the forecast period,with a market size of USD 130.99million in 2024.
• The Nigeria Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 4.8% during the forecast period,with a market size of USD 159.92million in 2024.
• The Rest of MEA Fiber Reinforced Polymer Composites market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 179.72 million in 2024.

Fiber Reinforced Polymer Composites Market Analysis

Fiber Reinforced Polymer Composites Market Type Segment Analysis

According to Cognitive Market Research, Glass Fiber Reinforced Polymer (GFRP) composites dominate the Fiber Reinforced Polymer Composites Market due to their widespread applications across various industries. GFRP composites are valued for their excellent strength-to-weight ratio, corrosion resistance, and affordability compared to other types of fiber reinforcements. These composites find extensive use in automotive components, construction materials, wind turbine blades, and marine applications. The dominance of GFRP composites is also supported by their versatility, as they can be easily molded into complex shapes and structures, making them suitable for a wide range of engineering and architectural applications.

Carbon Fiber Reinforced Polymer (CFRP) composites represent the fastest-growing category in the Fiber Reinforced Polymer Composites Market, driven by their exceptional strength, stiffness, and lightweight properties. CFRP composites offer superior performance characteristics, making them ideal for applications where high strength-to-weight ratio and durability are critical, such as aerospace, sports equipment, and high-performance automotive parts. The increasing demand for fuel-efficient vehicles, renewable energy solutions, and advanced aerospace structures has propelled the growth of CFRP composites. Technological advancements in carbon fiber manufacturing processes, including the development of cost-effective production methods and recycling technologies, have also contributed to the expanding adoption of CFRP composites across various industries.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Fiber Reinforced Polymer Composites Industry. Request a Free Sample PDF!

Fiber Reinforced Polymer Composites Market Application Segment Analysis

According to Cognitive Market Research, Construction applications dominate the Fiber Reinforced Polymer Composites Market, driven by the increasing adoption of composites in infrastructure development, building materials, and civil engineering projects. Fiber reinforced polymer (FRP) composites offer significant advantages over traditional construction materials like steel and concrete, including higher strength-to-weight ratio, corrosion resistance, and design flexibility. These materials are widely used in bridges, tunnels, marine structures, and retrofitting of existing buildings due to their durability and ability to withstand harsh environmental conditions.

Automotive applications represent the fastest-growing category in the Fiber Reinforced Polymer Composites Market, fueled by the automotive industry's shift towards lightweight materials to improve fuel efficiency and reduce carbon emissions. Fiber reinforced polymer (FRP) composites, particularly carbon fiber reinforced polymers (CFRP), are increasingly used in vehicle components such as body panels, chassis structures, and interior parts. CFRP composites offer significant weight savings compared to traditional metals while maintaining high strength and stiffness properties, contributing to enhanced vehicle performance and safety.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
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• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion