GF and GFRP Composites Market Report by Type (General-purpose Glass Fibers, Special-Purpose Glass Fibers), Application (Building and Construction, Electronics, Transportation, and Others), and Region 2024-2032

GF and GFRP Composites Market Report by Type (General-purpose Glass Fibers, Special-Purpose Glass Fibers), Application (Building and Construction, Electronics, Transportation, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A8303
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Market Overview:

The global GF and GFRP composites market size reached US$ 38.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 52.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.32% during 2024-2032. 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.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 38.6 Billion
Market Forecast in 2032
US$ 52.2 Billion
Market Growth Rate 2024-2032 3.32%


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

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:

IMARC Group provides an analysis of the key trends in each segment of the global GF and GFRP composites market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type and application.

Type Insights:

GF and GFRP Composites Market

  • General-purpose Glass Fibers
  • Special-Purpose Glass Fibers
     

The report has provided a detailed breakup and analysis of the GF and GFRP composites market based on the type. This includes general-purpose and special-purpose glass fibers. According to the report, general-purpose glass fibers represented the largest segment.

Application Insights:

  • Building and Construction
  • Electronics
  • Transportation
  • Others
     

The report has provided a detailed breakup and analysis of the GF and GFRP composites market based on the application. This includes building and construction, electronics, transportation, and others.

Regional Insights:

GF and GFRP Composites Market

  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: 
  • Type
  • Application
  • Region
Types Covered General-purpose Glass Fibers, Special-Purpose Glass Fibers
Applications Covered Building and Construction, Electronics, Transportation, Others
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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?

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the GF and GFRP composites market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global GF and GFRP composites market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the GF and GFRP composites industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
GF and GFRP Composites Market Report by Type (General-purpose Glass Fibers, Special-Purpose Glass Fibers), Application (Building and Construction, Electronics, Transportation, and Others), and Region 2024-2032
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