Global Glass Fiber Mat Reinforced Thermoplastic Composites Market Size, Growth Analysis and Forecast Insights
Report ID : 1322373 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Glass Fiber Mat Reinforced Thermoplastic Composites Market is categorized based on Resin Type (Polypropylene (PP), Polyamide (PA), Polyethylene (PE), Polyvinyl Chloride (PVC), Others) and End-Use Industry (Automotive, Aerospace, Construction, Electrical & Electronics, Others) and Manufacturing Process (Compression Molding, Injection Molding, Thermoforming, Filament Winding, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
The Glass Fiber Mat Reinforced Thermoplastic Composites Market size was valued at $1.2 billion in 2023 and is projected to reach $2.5 billion by 2033, growing at a CAGR of 7.8% from 2024 to 2033. This report includes various market segments and analyzes the key trends and factors influencing market growth.
The market of Glass Fiber Mat Reinforced Thermoplastic Composites (GFRP) has expanded positively owing to the adoption of glass reinforced thermoplastic composites in aerospace and automotive sectors. The composte’s ability to resist negative environmental impact makes it favorable in other industries as well. The push to streamline processes and innovate stems from a glass fiber mat reinforced thermoplastic composte’s ability to be integrated into thin skinned structures. With increased integration comes an opportunity to innovate which further seeks the need for innovation analysis.
The material selection is influenced by the increased importance placed on sustainability goals my multiple industries. The GFRP composites possess the ability to maintain superior womanable while significantly lessing the energy heft of components manufactured from them. Increasing the focus on the environment even within the automotive industry, we can see increased replace of composite materials for more rigorous industry standards. Subsequently, these novel materials contain composites are expected to wideously increase and afford an avenue for exploitation through unbounded technology.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Owens Corning, BASF SE, Hexcel Corporation, Toray Industries Inc., SABIC, DSM, Mitsubishi Chemical Corporation, Jushi Group Co. Ltd., Teijin Limited, Woven Metal Products, Lanxess AG |
| SEGMENTS COVERED |
By Resin Type - Polypropylene (PP), Polyamide (PA), Polyethylene (PE), Polyvinyl Chloride (PVC), Others
By End-Use Industry - Automotive, Aerospace, Construction, Electrical & Electronics, Others
By Manufacturing Process - Compression Molding, Injection Molding, Thermoforming, Filament Winding, Others
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Glass Fiber Mat Reinforced Thermoplastic Composites Market Dynamics
The Glass Fiber Mat Reinforced Thermoplastic Composites Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Glass Fiber Mat Reinforced Thermoplastic Composites Market Segmentations
Market Breakup by Resin Type
- Overview
- Polypropylene (PP)
- Polyamide (PA)
- Polyethylene (PE)
- Polyvinyl Chloride (PVC)
- Others
Market Breakup by End-Use Industry
- Overview
- Automotive
- Aerospace
- Construction
- Electrical & Electronics
- Others
Market Breakup by Manufacturing Process
- Overview
- Compression Molding
- Injection Molding
- Thermoforming
- Filament Winding
- Others
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Glass Fiber Mat Reinforced Thermoplastic Composites Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Owens Corning
- BASF SE
- Hexcel Corporation
- Toray Industries Inc.
- SABIC
- DSM
- Mitsubishi Chemical Corporation
- Jushi Group Co. Ltd.
- Teijin Limited
- Woven Metal Products
- Lanxess AG
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