- The market for glass fiber reinforced plastics composites is experiencing strong growth as industries focus on reducing overall material weight while maintaining strength and durability
- Increasing use of these composites in various end-use sectors is supporting advancements in production processes and materials innovation.
- North America dominates the Glass Fiber Reinforced Plastics Composites Market with the largest revenue share of 38.21% in 2024, characterized by well-established manufacturing sectors, particularly automotive and aerospace, which drive the demand for high-performance composites.
- Asia-Pacific is expected to be the fastest growing region in the Glass Fiber Reinforced Plastics Composites Market during the forecast period due to rapid industrialization and increased demand for lightweight materials in automotive and construction industries
- The polyester segment is expected to dominate the Glass Fiber Reinforced Plastics Composites Market with a market share of 34.5% in 2024, driven by its cost-effectiveness, excellent mechanical properties, and wide applicability in various industries such as automotive, construction, and infrastructure
