Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Fiber Reinforced Plastics (FRP) Market by Type (Glass Fiber Type, Carbon Fiber Type, Aramid Fiber Type, Others), By Application (Aerospace, Automotive, Electrical & Electronics, Construction, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Fiber Reinforced Plastics (FRP) Market by Type (Glass Fiber Type, Carbon Fiber Type, Aramid Fiber Type, Others), By Application (Aerospace, Automotive, Electrical & Electronics, Construction, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 130714 3300 Chemical & Material 377 234 Pages 4.9 (45)

Market Overview:

The global fiber reinforced plastics (FRP) market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The growth in the market can be attributed to the increasing demand for FRP from various end-use industries such as aerospace, automotive, electrical & electronics, construction and others. In terms of type, the glass fiber type segment is expected to dominate the global FRP market during the forecast period owing to its high strength and stiffness properties as compared to other types of fibers used in manufacturing FRPs. In terms of application, the aerospace segment is projected to register highest CAGR during 2018-2030 due to increasing demand for lightweight and durable materials from this industry vertical. Regionally, North America dominates the global fiber reinforced plastics (FRP) market followed by Europe and Asia Pacific respectively.

Global Fiber Reinforced Plastics (FRP) Industry Outlook

Product Definition:

A fiber-reinforced plastic (FRP) is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, or aramid.

Glass Fiber Type:

Glass fiber is a type of fiber that is made from silica and has high tensile strength. It can be used in various industries such as construction, automotive, marine and electronics. FRP or Fiber Reinforced Plastics are composite materials which comprise of glass fibers mixed with resin matrix composites or polymer matrices mixed with fillers & reinforcements agents.

Carbon Fiber Type:

Carbon fiber type is a carbon-rich polymer and is also known as graphene. It has the highest strength to weight ratio of any material. Graphene sheets have an extremely high surface area (4,000 m2 per gram) and are very thin (1/10,000th of a human hair). They are strong enough to be used in aircraft structural components such as wing spars and fuselage frames.

Application Insights:

The automotive segment held the largest share of 29.1% in 2017. Increasing demand for lightweight and high-performance materials has been a major factor driving the use of fiber reinforced plastics in this application segment. The growing importance of fuel economy along with rising concerns regarding vehicle safety is expected to boost the usage of FRP composites in automobiles over the forecast period.

FRP composites are widely used for manufacturing engine components as they provide superior strength and heat resistance at a low weight compared to conventional metal or all-metal alternatives, thereby improving fuel efficiency by reducing vehicular weight without compromising on performance requirements such as maximum permissible engine output or power density levels required by law enforcement agencies for their vehicles.

Regional Analysis:

North America dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of major aircraft manufacturers such as Boeing and Airbus, which use a significant amount of fiber-reinforced plastics for manufacturing components such as airframe, wings, horizontal stabilizers and other parts. In addition, growing demand for lightweight vehicles is expected to propel industry growth over the forecast period.

Asia Pacific emerged as the fastest-growing regional market from 2018 to 2030 owing to increasing product demand from automotive industry particularly in China and India on account of rising sales tax on cars has increased purchase prices thereby reducing sales tax by 1%. Moreover, government initiatives encouraging domestic manufacturing are anticipated to drive product consumption across various applications including aerospace & defense sector over next eight years.

Europe accounted for more than 20% share in 2017 owing its extensive usage across construction application due mainly highways network density throughout Europe countries especially Germany Italy Poland Sweden UK Russia etc.

Growth Factors:

  • Increasing demand for lightweight and durable materials in automotive and aerospace industries
  • Growing popularity of FRP composites in wind energy sector
  • Rising demand for corrosion-resistant materials in chemical processing industry
  • Increasing use of FRP products in construction and infrastructure sectors
  • Technological advancements leading to development of new applications for FRP

Scope Of The Report

Report Attributes

Report Details

Report Title

Fiber Reinforced Plastics (FRP) Market Research Report

By Type

Glass Fiber Type, Carbon Fiber Type, Aramid Fiber Type, Others

By Application

Aerospace, Automotive, Electrical & Electronics, Construction, Others

By Companies

BASF, DuPont, Lanxess, DSM, SABIC, PolyOne, Hexion, Denka, Daicel, Evonik, Sumitomo Bakelite, Kingfa Science and Technology, Genius, Solvay, RTP, SI Group, Kolon, TenCate, Toray, Mitsubishi Rayon, Teijin, SGL, Hexcel

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Fiber Reinforced Plastics (FRP) Market Report Segments:

The global Fiber Reinforced Plastics (FRP) market is segmented on the basis of:


Glass Fiber Type, Carbon Fiber Type, Aramid Fiber Type, Others

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Aerospace, Automotive, Electrical & Electronics, Construction, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. BASF
  2. DuPont
  3. Lanxess
  4. DSM
  5. SABIC
  6. PolyOne
  7. Hexion
  8. Denka
  9. Daicel
  10. Evonik
  11. Sumitomo Bakelite
  12. Kingfa Science and Technology
  13. Genius
  14. Solvay
  15. RTP
  16. SI Group
  17. Kolon
  18. TenCate
  19. Toray
  20. Mitsubishi Rayon
  21. Teijin
  22. SGL
  23. Hexcel

Global Fiber Reinforced Plastics (FRP) Market Overview

Highlights of The Fiber Reinforced Plastics (FRP) Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Glass Fiber Type
    2. Carbon Fiber Type
    3. Aramid Fiber Type
    4. Others
  1. By Application:

    1. Aerospace
    2. Automotive
    3. Electrical & Electronics
    4. Construction
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Fiber Reinforced Plastics (FRP) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Fiber Reinforced Plastics (FRP) Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Fiber Reinforced Plastics (FRP) Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Fiber Reinforced Plastics (FRP) Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Fiber Reinforced Plastics (FRP) Market - Supply Chain
   4.5. Global Fiber Reinforced Plastics (FRP) Market Forecast
      4.5.1. Fiber Reinforced Plastics (FRP) Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Fiber Reinforced Plastics (FRP) Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Fiber Reinforced Plastics (FRP) Market Absolute $ Opportunity

5. Global Fiber Reinforced Plastics (FRP) Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Type
      5.3.1. Glass Fiber Type
      5.3.2. Carbon Fiber Type
      5.3.3. Aramid Fiber Type
      5.3.4. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Fiber Reinforced Plastics (FRP) Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
      6.3.1. Aerospace
      6.3.2. Automotive
      6.3.3. Electrical & Electronics
      6.3.4. Construction
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Fiber Reinforced Plastics (FRP) Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Fiber Reinforced Plastics (FRP) Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Fiber Reinforced Plastics (FRP) Demand Share Forecast, 2019-2029

9. North America Fiber Reinforced Plastics (FRP) Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
      9.4.1. Aerospace
      9.4.2. Automotive
      9.4.3. Electrical & Electronics
      9.4.4. Construction
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Type
      9.7.1. Glass Fiber Type
      9.7.2. Carbon Fiber Type
      9.7.3. Aramid Fiber Type
      9.7.4. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Fiber Reinforced Plastics (FRP) Demand Share Forecast, 2019-2029

10. Latin America Fiber Reinforced Plastics (FRP) Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
      10.4.1. Aerospace
      10.4.2. Automotive
      10.4.3. Electrical & Electronics
      10.4.4. Construction
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Type
      10.7.1. Glass Fiber Type
      10.7.2. Carbon Fiber Type
      10.7.3. Aramid Fiber Type
      10.7.4. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Fiber Reinforced Plastics (FRP) Demand Share Forecast, 2019-2029

11. Europe Fiber Reinforced Plastics (FRP) Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
      11.4.1. Aerospace
      11.4.2. Automotive
      11.4.3. Electrical & Electronics
      11.4.4. Construction
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Fiber Reinforced Plastics (FRP) Market Size and Volume Forecat by Type
      11.7.1. Glass Fiber Type
      11.7.2. Carbon Fiber Type
      11.7.3. Aramid Fiber Type
      11.7.4. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Fiber Reinforced Plastics (FRP) Demand Share, 2019-2029

12. Asia Pacific Fiber Reinforced Plastics (FRP) Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
      12.4.1. Aerospace
      12.4.2. Automotive
      12.4.3. Electrical & Electronics
      12.4.4. Construction
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Type
      12.7.1. Glass Fiber Type
      12.7.2. Carbon Fiber Type
      12.7.3. Aramid Fiber Type
      12.7.4. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Fiber Reinforced Plastics (FRP) Demand Share, 2019-2029

13. Middle East & Africa Fiber Reinforced Plastics (FRP) Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
      13.4.1. Aerospace
      13.4.2. Automotive
      13.4.3. Electrical & Electronics
      13.4.4. Construction
      13.4.5. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Type
      13.7.1. Glass Fiber Type
      13.7.2. Carbon Fiber Type
      13.7.3. Aramid Fiber Type
      13.7.4. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Fiber Reinforced Plastics (FRP) Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Fiber Reinforced Plastics (FRP) Market: Market Share Analysis
   14.2. Fiber Reinforced Plastics (FRP) Distributors and Customers
   14.3. Fiber Reinforced Plastics (FRP) Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. BASF Overview Financials Developments Strategic Outlook
      14.4.2. DuPont Overview Financials Developments Strategic Outlook
      14.4.3. Lanxess Overview Financials Developments Strategic Outlook
      14.4.4. DSM Overview Financials Developments Strategic Outlook
      14.4.5. SABIC Overview Financials Developments Strategic Outlook
      14.4.6. PolyOne Overview Financials Developments Strategic Outlook
      14.4.7. Hexion Overview Financials Developments Strategic Outlook
      14.4.8. Denka Overview Financials Developments Strategic Outlook
      14.4.9. Daicel Overview Financials Developments Strategic Outlook
      14.4.10. Evonik Overview Financials Developments Strategic Outlook
      14.4.11. Sumitomo Bakelite Overview Financials Developments Strategic Outlook
      14.4.12. Kingfa Science and Technology Overview Financials Developments Strategic Outlook
      14.4.13. Genius Overview Financials Developments Strategic Outlook
      14.4.14. Solvay Overview Financials Developments Strategic Outlook
      14.4.15. RTP Overview Financials Developments Strategic Outlook
      14.4.16. SI Group Overview Financials Developments Strategic Outlook
      14.4.17. Kolon Overview Financials Developments Strategic Outlook
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