According to our (Global Info Research) latest study, the global Fiber Reinforced Polymer (FRP) Composites market size was valued at US$ 37410 million in 2025 and is forecast to a readjusted size of US$ 50640 million by 2032 with a CAGR of 4.5% during review period.
Fiber Reinforced Polymer (or Fiber Reinforced Plastic, referred to as FRP) is formed by reinforcing fiber materials, such as glass fiber, carbon fiber, aramid fiber, etc., and matrix materials through winding, molding or pultrusion composite material. According to different reinforcing materials, common fiber reinforced composites are divided into glass fiber reinforced composites (GFRP), carbon fiber reinforced composites (CFRP) and aramid fiber reinforced composites (AFRP).
The key manufactures of Fiber Reinforced Polymer (FRP) Composites in the world are BASF, DuPont, Lanxess, DSM, Kingfa, Avient, LG Chemical, Celanese and Hexcel, among which the market share of the top five producers is close to 10%, and the largest manufactures is BASF. The global production of fiber reinforced polymer (FRP) composites is mainly distributed in North America, Europe, China and Japan. The market share of the top three production regions exceeds 70%, and China is currently the largest production region. In terms of its products, the growth rate of carbon fiber reinforced polymer (CFRP) composites is relatively fast, with glass fiber reinforced polymer (GFRP) composites accounting for more than 70% of the market share, followed by carbon fiber reinforced polymer (CFRP) composites and aramid fiber reinforced polymer (AFRP) composites. In terms of its application, automotive is its largest application field, with a market share of more than 30%, followed by construction, electronics and national defense.
This report is a detailed and comprehensive analysis for global Fiber Reinforced Polymer (FRP) Composites market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Fiber Reinforced Polymer (FRP) Composites market size and forecasts, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (US$/Ton), 2021-2032
Global Fiber Reinforced Polymer (FRP) Composites market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (US$/Ton), 2021-2032
Global Fiber Reinforced Polymer (FRP) Composites market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (US$/Ton), 2021-2032
Global Fiber Reinforced Polymer (FRP) Composites market shares of main players, shipments in revenue ($ Million), sales quantity (K Tons), and ASP (US$/Ton), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Fiber Reinforced Polymer (FRP) Composites
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Fiber Reinforced Polymer (FRP) Composites market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include BASF, DuPont, Lanxess, DSM, Kingfa, Avient, LG Chemical, Celanese, Hexcel, Teijin, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Fiber Reinforced Polymer (FRP) Composites market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Glass Fiber Reinforced Polymer (GFRP) Composites
Carbon Fiber Reinforced Polymer (CFRP) Composites
Aramid Fiber Reinforced Polymer (AFRP) Composites
Others
Market segment by Application
Automotive
Construction
Electronics
Defence
Others
Major players covered
BASF
DuPont
Lanxess
DSM
Kingfa
Avient
LG Chemical
Celanese
Hexcel
Teijin
Solvay
Toray
Mitsubishi Chemical
SGL Carbon
Owens Corning
Jiangsu AoSheng
Jiangsu Hengsheng
Weihai Guangwei
SABIC
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Fiber Reinforced Polymer (FRP) Composites product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Fiber Reinforced Polymer (FRP) Composites, with price, sales quantity, revenue, and global market share of Fiber Reinforced Polymer (FRP) Composites from 2021 to 2026.
Chapter 3, the Fiber Reinforced Polymer (FRP) Composites competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Fiber Reinforced Polymer (FRP) Composites breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Fiber Reinforced Polymer (FRP) Composites market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Fiber Reinforced Polymer (FRP) Composites.
Chapter 14 and 15, to describe Fiber Reinforced Polymer (FRP) Composites sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Fiber Reinforced Polymer (FRP) Composites. Industry analysis & Market Report on Fiber Reinforced Polymer (FRP) Composites is a syndicated market report, published as Global Fiber Reinforced Polymer (FRP) Composites Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Fiber Reinforced Polymer (FRP) Composites market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.