What’s Fueling the Rapid Expansion of the Glass Fiber Reinforced Plastic Composites Market

Wed, 05 Mar 2025 06:48:28 +0000

The Glass Fiber Reinforced Plastic (GFRP) Composites Market is experiencing a period of substantial growth. According to Persistence Market Research, the global GFRP composite materials market was valued at $17.1 billion in 2022 and is projected to expand at a CAGR of 8.4%, reaching a staggering $38.38 billion by 2032. This impressive growth trajectory is driven by various factors, including increasing demand from key industries such as automotive, construction, aerospace, wind energy, and electrical & electronics.