- Glass Fiber-reinforced Plastics (GFRP), composed of glass fibers embedded in a polymer matrix, are increasingly vital materials across various industries due to their high strength-to-weight ratio, corrosion resistance, and durability, making them ideal for demanding applications in construction, transportation, wind energy, and aerospace sectors
- The escalating demand for GFRP is primarily fueled by the growing need for lightweight and high-performance materials, increased focus on energy efficiency and sustainability, and the expanding use of composites in structural and industrial applications
- North America dominated the Glass Fiber-reinforced Plastics (GFRP) market with a share of due to strong demand from construction, transportation, and wind energy sectors
- Asia-Pacific is expected to be the fastest growing region in the Glass Fiber-reinforced Plastics (GFRP) market with a share of during the forecast period due to rapid urbanization, industrial expansion, and rising investments in renewable energy, especially wind power
- Polyester segment dominated the market with a market share of 38.5% in 2024 due to its cost-effectiveness, ease of processing, and versatile applications across industries. Polyester resins offer good mechanical properties and chemical resistance, making them a preferred choice for construction and infrastructure applications
