On 2024-10-14 Global Info Research released【Global GF and GFRP Composites Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030】. This report includes an overview of the development of the GF and GFRP Composites industry chain, the market status of Consumer Electronics (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), Household Appliances (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of GF and GFRP Composites.
Glass fiber (GF) and glass fiber reinforced plastic (GFRP) composites are gaining increasing prominence due to their excellent mechanical properties and their potential contributions to sustainable development. In the renewable energy sector, GFRP composites are widely used in the production of wind turbine blades. The material’s high strength-to-weight ratio and durability make it ideal for this application, as it helps to maximize energy generation efficiency while minimizing structural weight. GFRP’s long lifespan also reduces the need for frequent replacements, contributing to the overall cost-efficiency and sustainability of wind energy projects. In addition, the growing emphasis on renewable energy, driven by global initiatives to reduce carbon emissions, is expected to further boost the demand for GF and GFRP composites in the coming years.
The global GF and GFRP Composites market size is expected to reach $ 57630 million by 2030, rising at a market growth of 3.5% CAGR during the forecast period (2024-2030).
Global key players in the glass fiber (GF) and glass fiber reinforced plastic (GFRP) composites market include major companies such as BASF, Owens Corning, Lanxess, and DSM. In the glass fiber sector specifically, the top two companies dominate with a substantial market share of around 43%, highlighting the concentration of production capacity in the hands of a few industry leaders. Meanwhile, in the GFRP composites sector, the market is more fragmented, with the top four companies collectively holding a market share of approximately 15%. This competitive landscape indicates that while a few large companies maintain significant influence in the glass fiber market, the GFRP composites industry remains open to a wider range of players. The continued innovation and expansion efforts of these key players, along with new entrants, are expected to drive further advancements in material performance and cost efficiency, shaping the future of both the GF and GFRP composites markets.
In the construction industry, GF and GFRP composites are being increasingly adopted as replacements for traditional materials like steel and concrete, particularly in environments that are prone to corrosion. For example, GFRP's corrosion resistance and low maintenance requirements make it a preferred material for infrastructure in marine environments, chemical plants, and wastewater treatment facilities. The use of GFRP in these sectors not only enhances the durability and lifespan of structures but also reduces the environmental impact associated with frequent maintenance and material replacement. With the global trend toward sustainable construction practices and the need for eco-friendly building materials, the adoption of GF and GFRP composites is expected to rise significantly. The material’s ability to contribute to energy efficiency, reduce long-term costs, and meet environmental regulations positions it as a key player in future construction and industrial applications.
Moreover, the automotive and aerospace industries are increasingly turning to GF and GFRP composites to meet stringent fuel efficiency and emission reduction standards. The lightweight nature of GFRP composites makes them an ideal material for vehicle components, helping to reduce the overall weight of cars, trucks, and aircraft without compromising safety or performance. This weight reduction translates directly into improved fuel efficiency and lower emissions, which is a critical factor as governments worldwide implement stricter environmental regulations. In aerospace, GFRP composites are used extensively in the manufacturing of aircraft fuselages, wings, and interior components, allowing for enhanced fuel economy and better overall performance. As the demand for electric vehicles (EVs) and eco-friendly transportation solutions grows, GF and GFRP composites will continue to play a crucial role in helping manufacturers meet their sustainability goals while maintaining high levels of performance and durability. This trend further solidifies the position of GF and GFRP composites as indispensable materials across multiple high-growth sectors.
This report studies the global GF and GFRP Composites production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for GF and GFRP Composites and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of GF and GFRP Composites that contribute to its increasing demand across many markets.
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Market segment by Type： Glass Fiber Products、GFRP Products
Market segment by Application：Building & Construction、Electronics、Transportation、Sport & Leisure、Others
Major players covered： Owens Corning、Jushi Group、PPG Industries、CPIC、Taishan Fiberglass (Sinoma)、Advanced Glassfiber Yarns、Binani-3B、Johns Mansville、Nippon Electric Glass、Nittobo、Saint-Gobain Vetrotex、BASF、Lanxess、DSM、SABIC、Avient、DuPont、Solvay、Hexion、Celanese、RTP、Sumitomo Bakelite、Evonik、Daicel、Kolon、Denka、Kingfa、Jiangsu Jiuding New Material
Market segment by region, regional analysis covers: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe), Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia),South America (Brazil, Argentina, Colombia, and Rest of South America),Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa).
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe GF and GFRP Composites product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of GF and GFRP Composites, with price, sales, revenue and global market share of GF and GFRP Composites from 2019 to 2024.
Chapter 3, the GF and GFRP Composites competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the GF and GFRP Composites breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and GF and GFRP Composites market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of GF and GFRP Composites.
Chapter 14 and 15, to describe GF and GFRP Composites sales channel, distributors, customers, research findings and conclusion.
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