Glass Fiber Reinforced Plastics (GFRP) Composites Market Size to Grow USD 37.2 Billion at a CAGR of 6.5% | Valuates Reports
The Global Glass Fiber Reinforced Plastics (GFRP) Composites Market was valued at USD 19.8 Billion in 2022, and is projected to reach USD 37.2 Billion by 2032, growing at a CAGR of 6.5% from 2023 to 2032.
- The Global Glass Fiber Reinforced Plastics (GFRP) Composites Market was valued at USD 19.8 Billion in 2022, and is projected to reach USD 37.2 Billion by 2032, growing at a CAGR of 6.5% from 2023 to 2032.
- The growing need for lightweight materials in the automobile industry is a major driver of the rise of Glass Fibre Reinforced Plastic (GFRP) composites.
- GFRP composites are becoming more and more popular in the building industry because of their remarkable resilience to corrosion and adaptability.
- The Asia-Pacific market for glass fiber reinforced polymers (GFRP) composites is expanding rapidly due to rising demand from the aerospace, automotive, and construction sectors.