Product Code: SR112025A8303
The global GF and GFRP composites market size reached USD 39.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 53.4 Billion by 2033, exhibiting a growth rate (CAGR) of 3.15% during 2025-2033. The widespread product adoption in the automotive industry, rapid product innovations, significant growth in the construction sector, and the implementation of extensive research and development (R&D) activities are some of the key factors driving the market.
Glass fiber (GF) and glass fiber reinforced polymer (GFRP) composites refer to materials made up of glass fibers and a polymer matrix, typically epoxy or polyester. GF composites are made from silica-based materials, such as fiberglass or E-glass. They are strong, lightweight, and have excellent resistance to heat, chemicals, and electrical conductivity. Consequently, they are widely used to manufacture components that require high strength-to-weight ratios, corrosion resistance, electrical insulation, and dimensional stability. On the other hand, GFRP composites emphasize the use of glass fibers as the primary reinforcement within the polymer matrix. They are utilized in the production of structural components like beams, columns, rebars, panels, and pipes. As a result, GF and GFRP find extensive applications across the automotive, aerospace, construction, marine, electrical, and consumer goods industries.
GF and GFRP Composites Market Trends:
The widespread product adoption in the automotive industry across the globe is one of the primary factors propelling the market growth. GF and GFRP composites are widely used in components like body panels, hoods, doors, bumpers, and interior parts to reduce the weight of vehicles while maintaining structural integrity. In line with this, the increasing product demand, owing to its design flexibility as it can be molded into complex shapes, that offers designers and engineers greater flexibility in creating innovative and customized products, which in turn is favoring the market growth. Apart from this, the growing inclination to use bio-based resins and fibers in GF and GFRP composites as a more sustainable alternative to traditional petroleum-based materials owing to rising environmental consciousness is providing an impetus to the market growth. Additionally, the widespread product utilization in the construction industry for the manufacturing of architectural elements, bridges, facades, and lightweight structures is contributing to the market growth. Other factors, including the increasing demand for GF and GFRP composites in electrical and electronic applications, enhanced focus on research and development (R&D) activities, significant growth in the aerospace industry, and rapid innovation to improve the performance, sustainability, and versatility of GF and GFRP composites, are presenting remunerative growth opportunities for the market.
Key Market Segmentation:
Type Insights:
- General-purpose Glass Fibers
- Special-Purpose Glass Fibers
Application Insights:
- Building and Construction
- Electronics
- Transportation
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
Competitive Landscape:
- The report has also provided a comprehensive analysis of the competitive landscape in the global GF and GFRP composites market. Detailed profiles of all major companies have been provided. Some of the companies covered include 3B - The Fibreglass Company, China Beihai Fiberglass Co. Ltd., China Jushi Co. Ltd, Compagnie de Saint-Gobain S.A, Johns Manville Corporation (Berkshire Hathaway Inc.), Nippon Electric Glass Co. Ltd., Nitto Boseki Co. Ltd., Owens Corning, Taishan Fiberglass Inc (CTG) (Sinoma Science & Technology Co. Ltd.), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global GF and GFRP composites market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global GF and GFRP composites market?
- What is the impact of each driver, restraint, and opportunity on the global GF and GFRP composites market?
- What are the key regional markets?
- Which countries represent the most attractive GF and GFRP composites market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the GF and GFRP composites market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the GF and GFRP composites market?
- What is the competitive structure of the global GF and GFRP composites market?
- Who are the key players/companies in the global GF and GFRP composites market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global GF and GFRP Composites Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 General-purpose Glass Fibers
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Special-Purpose Glass Fibers
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Application
- 7.1 Building and Construction
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Electronics
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Transportation
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 3B - The Fibreglass Company
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 China Beihai Fiberglass Co. Ltd.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 China Jushi Co. Ltd.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.4 Compagnie de Saint-Gobain S.A.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Johns Manville Corporation (Berkshire Hathaway Inc.)
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Nippon Electric Glass Co. Ltd.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.7 Nitto Boseki Co. Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.8 Owens Corning
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Taishan Fiberglass Inc (CTG) (Sinoma Science & Technology Co. Ltd.)
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.