Glass Fibre Reinforced Plastic GFRP Market Report 2024 (Global Edition)

Global Glass Fibre Reinforced Plastic GFRP Market Report 2024 Market Size Split by Resin Type (Thermoplastic, Polyurethane, Polyester, Epoxy, Vinyl Ester, Others), by End User (Transportation, Renewab...

Glass Fibre Reinforced Plastic GFRP Market Report Description

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Glass Fibre Reinforced Plastic GFRP Market Insights Video

Competitive Landscape of the Glass Fibre Reinforced Plastic (GFRP) Market

The competitive landscape of the Glass Fibre Reinforced Plastic (GFRP) market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Glass Fibre Reinforced Plastic (GFRP) companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

Top Companies Market Share in Glass Fibre Reinforced Plastic GFRP Industry: (In no particular order of Rank)

• Advanced Glassfiber Yarns
• Asahi Glass
• BASF
• PPG
• Binani 3b-The Fibreglass
• Owens Corning
• Chomarat Group
• Johns Manville
• Jushi Group
• Nippon Sheet Glass
• Nitto Boseki
• Saertex Group
• Saint-Gobain Vetrotex
• Taishan Fiberglass
• Chongqing Polycomp
• Shanghai Xiao-Bao FRP
• Confidential Data
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• Data Hidden

*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 Glass Fibre Reinforced Plastic (GFRP) Market

Which Region Dominates the Glass Fibre Reinforced Plastic (GFRP) Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. The North American Glass Fiber Reinforced Plastic (GFRP) marketplace is experiencing growth due to numerous factors. These include the growing demand for lightweight and sturdy materials in industries along with cars, aerospace, and creation. Additionally, growing awareness of GFRP's advantages, which include corrosion resistance and excessive power-to-weight ratio, is using its adoption in various packages throughout the location.

Which Region is Expanding at the Fastest CAGR?

Europe stands out as the fastest-growing region in the Glass Fibre Reinforced Plastic (GFRP) market due to several compelling reasons. ?The Glass Fiber Reinforced Plastic (GFRP) marketplace in Europe is witnessing an increase propelled by means of several elements. These encompass the growing demand for lightweight and corrosion-resistant materials across industries like automotive, creation, and renewable energy. Additionally, stringent environmental rules are driving the adoption of GFRP for sustainable infrastructure development. Technological improvements and innovation in GFRP production approaches further contribute to market enlargement in Europe.

 

The current report Scope analyzes Glass Fibre Reinforced Plastic GFRP 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 Glass Fibre Reinforced Plastic GFRP

According to Cognitive Market Research, the global Glass Fibre Reinforced Plastic (GFRP) market size was estimated at USD 45841.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 18336.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Glass Fibre Reinforced Plastic (GFRP) market with a market size of USD 14467.48 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. The demand is amplified by the demand for lightweight materials.
• The Canada Glass Fibre Reinforced Plastic (GFRP) market had a market share of USD 2200.38 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Canada's infrastructure development.
• The Mexico Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 1668.62 million in 2024.

Europe Glass Fibre Reinforced Plastic GFRP

According to Cognitive Market Research, the global Glass Fibre Reinforced Plastic (GFRP) market size was estimated at USD 45841.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 13752.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• The United Kingdom Glass Fibre Reinforced Plastic (GFRP) market had a market share of USD 2310.40 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. In the UK, Glass Fibre Reinforced Plastic (GFRP) sales witness an upswing due to the automotive innovation.
• The France Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 1265.22 million in 2024.
• According to Cognitive Market Research, the Germany Glass Fibre Reinforced Plastic (GFRP) market size was valued at USD 2722.97 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. In Germany, Glass Fibre Reinforced Plastic (GFRP) sales surged due to the rising construction activities.
• The Italy Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 1182.70 million in 2024.
• The Russia Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 2131.62 million in 2024.
• The Spain Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 1127.69 million in 2024
• The Luxembourg Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 426.32 million in 2024.
• The Portugal Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 288.80 million in 2024.
• The Greece Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 165.03 million in 2024.
• Rest of Europe's Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 2131.62 million in 2024.

Asia Pacific Glass Fibre Reinforced Plastic GFRP

According to Cognitive Market Research, the global Glass Fibre Reinforced Plastic (GFRP) market size was estimated at USD 45841.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 10543.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.00% from 2024 to 2031.

• According to Cognitive Market Research, the China Glass Fibre Reinforced Plastic (GFRP) market size was valued at USD 4744.56 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Glass Fibre Reinforced Plastic (GFRP) sales surge in China due to renewable energy expansion.
• The Japan Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 1455.00 million in 2024.
• The India Glass Fibre Reinforced Plastic (GFRP) market had a market share of USD 1265.22 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. India's aerospace applications.
• The South Korea Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 1054.35 million in 2024.
• The Australia Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 548.26 million in 2024.
• The South East Asia Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 727.50 million in 2024.
• The Rest of Asia Pacific Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 748.59 million in 2024.

South America Glass Fibre Reinforced Plastic GFRP

According to Cognitive Market Research, the global Glass Fibre Reinforced Plastic (GFRP) market size was estimated at USD 45841.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 2292.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Glass Fibre Reinforced Plastic (GFRP) market size was valued at USD 981.00 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Glass Fibre Reinforced Plastic (GFRP) sales flourish in Brazil due to the cost efficiency.
• Argentina Glass Fibre Reinforced Plastic (GFRP) market had a market share of USD 385.07 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. Argentina's automotive emissions regulations.
• Colombia Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 203.99 million in 2024.
• Peru Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 187.95 million in 2024.
• Chile Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 165.03 million in 2024.
• The Rest of Latin America Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 369.02 million in 2024.

Middle East and Africa Glass Fibre Reinforced Plastic GFRP

According to Cognitive Market Research, the global Glass Fibre Reinforced Plastic (GFRP) market size was estimated at USD 45841.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 916.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.

• The GCC Countries Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 7.5% during the forecast period with a market size of USD 392.40 million in 2024. Glass Fibre Reinforced Plastic (GFRP) sales flourish due to the research & innovation investments.
• The Egypt Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 96.27 million in 2024.
• The South Africa Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 144.86 million in 2024. Glass Fibre Reinforced Plastic (GFRP) sales flourish in South Africa due to the technological advancements.
• The Turkey Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 78.85 million in 2024.
• The Nigeria Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 96.27 million in 2024.
• The Rest of MEA Glass Fibre Reinforced Plastic (GFRP) market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 108.19 million in 2024.

Glass Fibre Reinforced Plastic GFRP Market Analysis

Glass Fibre Reinforced Plastic (GFRP) Market Resin Type Segment Analysis

According to Cognitive Market Research, Thermoplastic stands out as the dominating category. The Thermoplastic Glass Fiber Reinforced Plastic (GFRP) marketplace is experiencing a first-rate boom due to increasing demand across numerous industries. Thermoplastic GFRP offers benefits inclusive of recyclability, progressed effect resistance, and simplicity of processing. Industries like automobile, aerospace, and client items are increasingly adopting thermoplastic GFRP for lightweight, durable, and sustainable answers, using marketplace enlargement and innovation in the materials era.

Polyurethane emerges as the fastest-growing category in the Glass Fibre Reinforced Plastic (GFRP) market. The Polyurethane Glass Fiber Reinforced Plastic (GFRP) market is witnessing vast growth as industries seek durable, lightweight materials. Polyurethane GFRP offers superior flexibility, effect resistance, and insulation properties, making it perfect for applications in production, automobile, and marine sectors. With the growing call for high-overall performance substances, polyurethane GFRP is increasingly preferred for its versatility and potential to fulfill stringent overall performance necessities, driving market growth.

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 Glass Fibre Reinforced Plastic GFRP Industry. Request a Free Sample PDF!

Glass Fibre Reinforced Plastic (GFRP) Market End User Segment Analysis

According to Cognitive Market Research, the dominating category is Transportation. The transportation quarter is driving an increase within the Glass Fiber fiber-reinforced plastic (GFRP) marketplace, especially due to the demand for lightweight substances to enhance gas performance and decrease emissions. GFRP's brilliant energy-to-weight ratio makes it ideal for applications in the plane, automotive, rail, and marine industries. As the transportation enterprise continues to prioritize lightweight answers, GFRP usage is predicted to extend appreciably.

The fastest-growing category in the Glass Fibre Reinforced Plastic (GFRP) market is Renewable Energy. The renewable energy sector is a key motive force of boom inside the Glass Fiber Reinforced Plastic (GFRP) marketplace, ordinarily because of the call for for durable, corrosion-resistant materials for wind turbine blades. GFRP's high electricity-to-weight ratio and resistance to environmental factors make it well-desirable for this application. As the renewable power enterprise continues to amplify, GFRP utilization in wind energy infrastructure is anticipated to increase.

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

Glass Fibre Reinforced Plastic GFRP Manufacturing Process Segment Analysis

According to Cognitive Market Research, the dominating category is Injection Molding. Injection molding is propelling an increase in the Glass Fiber Reinforced Plastic (GFRP) market because of its capability to produce complex shapes and components with more suitable power correctly. GFRP's compatibility with injection molding methods permits price-powerful manufacturing of additives for numerous industries, including automobile, electronics, and patron goods. As demand for lightweight, durable substances rises, injection-molded GFRP is poised for widespread market expansion.

The fastest-growing category in the Glass Fibre Reinforced Plastic (GFRP) market is Filaments. The utilization of filaments is driving a boom within the Glass Fiber fiber-reinforced plastic (GFRP) market, specifically in additive manufacturing and 3-D printing programs. GFRP filaments offer progressed power, sturdiness, and dimensional stability, making them appropriate for generating excessive-overall performance elements across industries like aerospace, cars, and electronics. As additive manufacturing continues to develop, the call for GFRP filaments is anticipated to develop appreciably.

• Injection Molding
• Filaments
• Compression Molding
• RTM & VARTM
• Layup
• Others

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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