Glass Fibre Reinforced Plastic GFRP Market Insights Video

According to Cognitive Market Research, the global Glass Fibre Reinforced Plastic (GFRP) market size is USD 45841.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.

• North America held the major market share for 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.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 13752.36 million.
• Asia Pacific held a market share 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.
• Latin America had a market share for 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.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at 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 Thermoplastic held the highest Glass Fibre Reinforced Plastic (GFRP) market revenue share in 2024.