Global Fibre Reinforced Polymer Market Overview
Fiber Reinforced Polymer Market was valued at US$ 255 Billion in 2024 and is projected to grow at a CAGR of 13.60% to reach US$ 815.5 Billion by 2034.
Fiber reinforced polymer composite materials or FRP is a composite of polymer matrix reinforced with Fibers. Carbon, aramid, glass and basalt are some of the Fibers used. These Fibers can be fabric, strands, or mat. Properties such as high strength, excellent creep, oxidation, corrosion resistance, and low density makes Fiber reinforced polymer useful than other. These FRP are used in manufacturing of tennis racquets, aerospace & automotive components, protective helmets, blades for wind turbines, moulding compounds, plates for building & construction and imaging equipment structures.
The Fiber reinforced polymer composites market is driven by the increasing use in the transportation, wind energy, pipes & tanks, construction & infrastructure, and other end-use industries. Increase in demand for lightweight products in automotive industry and Rise in Demand for High Performance Products in Aerospace & Defence enhances the growth of the target market. Numerous government organizations, coupled with favourable regulatory framework, facilitated the manufacturers to invest and enhance the research and development capabilities, quality, and automation in the process propels the growth of global Fiber reinforced polymer market. Properties of Fiber reinforced polymer composites such as low density, high stiffness, strength, and ease of shaping are other factors expected to drive revenue growth of target market over the forecast period. However, issues related to recycling, high processing and manufacturing costs are some major restraining factor of global Fiber reinforced polymer market.
Global Fiber reinforced polymer market are segmented on the basis of product type, application and region.
On the basis of product type, the global Fiber reinforced polymer market is divided into glass Fiber reinforced polymer composites, carbon Fiber reinforced polymer composites, basalt Fiber reinforced polymer composites, aramid Fiber reinforced polymer composites, and others. The glass Fiber reinforced polymer composites segment is expected to account major revenue share in the global Fiber reinforced polymer composites market. On the basis of application, the target market is divided into automotive, construction, electronics, defence, and others. The automotive segment is expected to account major revenue share in the target market and is expected to maintain its dominance over the forecast period.
On the basis of region, the global Fiber reinforced polymer market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America dominated the market due to growth of the automotive and aerospace and defence industries in the U.S., along with stringent government regulations regarding automotive pollution. Europe Fiber reinforced polymer composites market is expected to grow at a higher rate over the forecast period. Growing demand for passenger cars and commercial vehicles, coupled with the presence of a large number of automotive manufacturers in the region followed by markets in Europe, Asia Pacific, Latin America, and the Middle East & Africa respectively.
Global Fibre Reinforced Polymer Market Key Players
Key player in Fiber reinforced polymer market includes Mitsubishi Chemical Corporation, PPG industries, Inc., Aegion Corporation, B&B FRP Manufacturing Inc., AGC Matex Co. Ltd., Saint-Gobain S.A. limited, SGL Group limited, DowAksa Advanced Composites Holding B.V.
Global Fibre Reinforced Polymer Market Table of Contents
Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Market Segmentation, By Product Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Glass Fiber Reinforced Polymer Composites
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Carbon Fiber Reinforced Polymer Composites
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Basalt Fiber Reinforced Polymer Composites
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Aramid Fiber Reinforced Polymer Composites
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Automotive
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Construction
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Electronics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Defense
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- Mitsubishi Chemical Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- PPG industries, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Aegion Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- B&B FRP Manufacturing Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AGC Matex Co. Ltd.,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Saint-Gobain S.A. limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SGL Group limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- DowAksa Advanced Composites Holding B.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
The market report has been segmented on the Type, application and region.
The Fiber Reinforced Polymer Market is driven by factors such as increasing demand in the construction and automotive industries, lightweight and high-strength properties, and the growing emphasis on infrastructure development.
Challenges include high production costs, limited recycling options, and competition with traditional materials, acting as restraints for the Fiber Reinforced Polymer Market globally.
The report considers regions like North America, Europe, Asia-Pacific, and Latin America. Asia-Pacific is expected to dominate the Fiber Reinforced Polymer Market, driven by rapid industrialization, infrastructure projects, and increased adoption in construction and automotive applications.
Key player in Fiber reinforced polymer market includes Mitsubishi Chemical Corporation, PPG industries, Inc., Aegion Corporation, B&B FRP Manufacturing Inc., AGC Matex Co. Ltd., Saint-Gobain S.A. limited, SGL Group limited, DowAksa Advanced Composites Holding B.V.