GFRP Composites Market Analysis

Manufacturing Process (Compression & Injection Molding, RTM/VARTM, Layup)

The compression & injection molding segment is anticipated to hold 45% share of the global GFRP composites market in the year 2036. The growth of the segment can be accredited to the fact that this process results in shorter cycle times, lower scrap rates, and lower clamping pressures.

In addition, the heavy use of these processes for manufacturing GRFP composites for transportation and electrical applications is also expected to boost the growth of the market segment in the future.

Resin Type (Epoxy, Polyester, Vinyl Ester)

The epoxy segment in the GFRP composites market is foreseen to witness a substantial growth of around 30% in the year 2036. The growth of the segment can be accredited to the fact that epoxy resins, which are water-based resins are increasingly being used to create complex composite structures in the aerospace and leisure industries. The global revenue of the water-based resins industry reached nearly 40 billion.

Apart from that, the large-scale use of the material as a binder for cement and mortar and the increasing use of this type of caprolactone in the production of polyglucapron, which is a surgical suture material is further forecasted to augment the segment.

Our in-depth analysis of the global market includes the following segments:

Type	General-Purpose Glass Fibers Special-Purpose Glass Fibers
Resin Type	Epoxy Polyester Vinyl Ester
Manufacturing Process	Compression & Injection Molding RTM/VARTM Layup

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of glass fiber reinforced plastic composites is assessed at USD 5.58 Billion.

The glass fiber reinforced plastic (GFRP) composites market size was valued at USD 5.29 Billion in 2023 and is likely to reach USD 10.88 Billion by 2036, expanding at around 5.7% CAGR during the forecast period i.e., between 2024-2036. The growing production of GFRP owing to augmenting glass fiber-reinforced plastic uses is the major factor driving the growth of the market.

Asia Pacific industry is slated to be the largest with a share of about 35% by 2036, backed by increasing consumption of FRP composites in several industries such as wind energy, construction, and electronics.

Jushi Group, Owens Corning, PPG Industries, Inc., AGY Holding Corporation, Compagnie de Saint-Gobain S.A., Asahi Fiber Glass Co., Ltd., Nippon Sheet Glass Co., Ltd., Polycomp International Corporation, Chomarat Group, Nitto Boseki Co. Ltd.

GFRP Composites Market Analysis