Fiber Reinforced Polymer (FRP) Composites Market Size, Share, Opportunities, And Trends By Type (Aramid Fiber Reinforced Polymer (AFRP) Composites, Glass Fiber Reinforced Polymer (GFRP) Composites, Basalt Fiber Reinforced Polymer (BFRP) Composites, Carbon Fiber Reinforced Polymer (CFRP) Composites, Others), By End-User Industry (Automotive, Electrical & Electronics, Building & Construction, Defense, Others), And By Geography - Forecasts From 2025 To 2030

Fiber Reinforced Polymer (FRP) Composites Market Size:

The fiber reinforced polymer (FRP) composites market is expected to grow from US$105.216 billion in 2025 to US$137.657 billion in 2030, at a CAGR of 5.52%.

The fiber-reinforced polymer (FRP) composites market is a cornerstone of the advanced composites market, driven by demand for lightweight materials in industries like aerospace, automotive, and construction. Composites manufacturing leverages fibers such as carbon, glass, and aramid, combined with polymer matrices, to produce high-performance composites with superior strength-to-weight ratios. These materials offer exceptional durability, corrosion resistance, and design flexibility, making them ideal for applications requiring structural efficiency and longevity. 

The fiber-reinforced polymer composites are employed as a substitute for steel building constructions in the construction sector. Composites made of polymers are 25% lighter and 25% stronger than steel. They also provide resistance to rust and wear and tear. The automobile parts are lighter, stronger, and more moldable than aluminum car parts, making them safer and more fuel-efficient. They are employed in the creation of structural elements for automobiles. As industries prioritize sustainability and fuel efficiency, the lightweight materials industry continues to expand, with FRP composites playing a pivotal role in next-generation engineering solutions.

Moreover, it is anticipated that during the projected period, demand for FRP composites will also increase due to the expansion of the electric vehicle market. By lowering the weight of the drive train, the use of composite materials will aid in extending the range of EVs. Also, it will enhance the mechanical and electrical characteristics of the driving systems. The fiber-reinforced polymer (FRP) composites market is driven by rising demand in the construction and transportation sectors.

Fiber Reinforced Polymer (FRP) Composites Market Trends:

The FRP composites market is evolving with a focus on sustainability and innovation. Sustainable composites, including recyclable and bio-based composites, are gaining traction to meet environmental regulations and reduce carbon footprints. Composite additive manufacturing is revolutionizing production, enabling complex geometries and reduced waste. Automation in composites enhances manufacturing efficiency, ensuring precision and scalability. Smart composites, integrated with structural health monitoring for FRP, enable real-time performance tracking and predictive maintenance in aerospace and infrastructure industries. These trends reflect the industry’s shift toward eco-friendly, high-performance solutions, aligning with global demands for advanced, durable materials.

Fiber Reinforced Polymer (FRP) Composites Market Driver:

• The transportation sector extensively uses fiber-reinforced polymer (FRP) composites in everything from cars to ships and boats to planes and helicopters.

Due to weight and cost considerations, fiber-reinforced polymer (FRP) composite material is an ideal substitute for traditional materials like steel or aluminum in transportation. In maritime waterfront settings or on ships, where they lessen the structural weight and improve corrosion resistance, FRPs are the perfect substitutes for wood. Further, worldwide deliveries of more than 43,110 new airplanes are required, as stated in Boeing, with over 70% of new deliveries projected to be single-aisle aircraft, and demand for more than 32,270 aircraft is expected to increase by 2040. The average annual growth rate for passenger air travel over the past ten years was 6.5%, significantly higher than the long-term average of 5%. To meet passenger demand, numerous airlines worldwide increased the number of aircraft in their fleets by taking delivery of new aircraft.

Similarly, OCIA estimated that 80.14 million automobiles will be produced worldwide in 2021. Compared to 2020, the production capacity grew by 3%. Consequently, an increase in automotive vehicle manufacturing and aircraft deliveries is projected to increase demand for composite materials made of fiber-reinforced polymer.

Fiber Reinforced Polymer (FRP) Composites Market Segmentation Analysis:

• Based on the end-user industry, the fiber-reinforced polymer (FRP) composites market is expected to grow positively in the automotive segment.

The automotive market is primarily driven by the increasing demand for lightweight materials to improve fuel efficiency and reduce emissions, and the need for materials with high strength-to-weight ratios for vehicle components. Some of the top players in the automotive segment of the FRP composites market include Owens Corning, SGL Group, Teijin Limited, Mitsubishi Chemical Corporation, Toray Industries, and Gurit Holding AG. These companies offer a range of FRP composite products for automotive applications, including body panels, structural components, and interior parts.             

Additionally, the increasing use of electric and hybrid vehicles is expected to further drive the growth of the FRP composites market in the automotive sector, as these vehicles require lightweight materials to maximize their battery range. As a result, FRP composites are becoming increasingly popular as they offer high strength-to-weight ratios and are corrosion-resistant. In addition, FRP composites can be molded into complex shapes, allowing for greater design flexibility in manufacturing electric vehicle components.

The electric car market is a rapidly evolving and dynamic area of clean energy. With advancements in battery technology and increasing concerns about climate change and air pollution, the demand for electric cars is growing at an unprecedented rate. This growth is driven by a combination of factors, including government incentives and regulations, improvements in charging infrastructure, and the development of new and innovative electric car models by automakers. As electric vehicles require lightweight materials to maximize their battery range, FRP composites are becoming increasingly popular as they offer high strength-to-weight ratios and are corrosion-resistant. In addition, FRP composites can be molded into complex shapes, allowing for greater design flexibility in manufacturing electric vehicle components.

Fiber Reinforced Polymer (FRP) Composites Market Geographical Outlook:

• North America accounted for a major share of the global fiber-reinforced polymer (FRP) composites market.

By geography, the fiber reinforced polymer (FRP) composites market has been segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

The aerospace industry is a key consumer of FRP composites in North America, driven by the need for lightweight materials that can improve fuel efficiency and reduce carbon emissions. FRP composites are used in various aircraft components, such as wings, fuselage, and tail sections, and their demand is expected to grow in the coming years. This driver is expected to continue driving growth in the North American FRP composites market. The construction industry is also a significant consumer of FRP composites in North America, especially for strengthening and retrofitting infrastructure. FRP composites offer several advantages over traditional materials, such as a high strength-to-weight ratio, corrosion resistance, and ease of installation. The increasing investments in infrastructure development in the region are expected to drive demand for FRP composites in the coming years. According to the US Census Bureau, construction spending in the US was estimated at $1.44 trillion in 2020. The increasing investments in infrastructure development, such as highways, bridges, and airports, are expected to drive demand for FRP composites in the construction industry. 

Fiber Reinforced Polymer (FRP) Composites Market Key Developments:

• In January 2025, Crane Composites launched GLASBOND, which is an advanced solution that provides a prefabricated adhesive-backed design for its FRP panels. This product offers installation up to 60 percent faster than traditional FRP.

List of Top Fiber Reinforced Polymer (FRP) Composites Companies:

• American Fiberglass Rebar
• Mitsubishi Chemical Corporation
• SGL Carbon SE
• DowAksa
• Engineered Composites Ltd

Fiber Reinforced Polymer (FRP) Composites Market Scope:

Fiber Reinforced Polymer (FRP) Composites Market Segmentation:

• BY TYPE
  • Aramid Fiber Reinforced Polymer (AFRP) Composites
  • Glass Fiber Reinforced Polymer (GFRP) Composites
  • Basalt Fiber Reinforced Polymer (BFRP) Composites
  • Carbon Fiber Reinforced Polymer (CFRP) Composites
  • Natural Fiber Reinforced Polymer (NFRP) Composites
  • Hybrid Fiber Reinforced Polymer Composites
  • Others
• BY END-USER INDUSTRY
  • Automotive
  • Electrical & Electronics
  • Building & Construction
  • Defense
  • Aerospace
  • Marine
  • Wind Energy/Renewable Energy
  • Sports & Leisure
  • Oil & Gas
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Others

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. FIBER REINFORCED POLYMER (FRP) COMPOSITES MARKET BY TYPE

5.1. Introduction

5.2. Aramid Fiber Reinforced Polymer (AFRP) Composites

5.3. Glass Fiber Reinforced Polymer (GFRP) Composites

5.4. Basalt Fiber Reinforced Polymer (BFRP) Composites

5.5. Carbon Fiber Reinforced Polymer (CFRP) Composites

5.6. Natural Fiber Reinforced Polymer (NFRP) Composites

5.7. Hybrid Fiber Reinforced Polymer Composites

5.8. Others

6. SMART HOMES MARKET BY END-USER INDUSTRY

6.1. Introduction

6.2. Automotive

6.3. Electrical & Electronics

6.4. Building & Construction

6.5. Defense

6.6. Aerospace

6.7. Marine

6.8. Wind Energy/Renewable Energy

6.9. Sports & Leisure

6.10. Oil & Gas

6.11. Others

7. SMART HOMES MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. France

7.4.3. United Kingdom

7.4.4. Spain

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. India

7.6.3. Japan

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Thailand

7.6.7. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. American Fiberglass Rebar

9.2. Mitsubishi Chemical Corporation

9.3. SGL Carbon SE

9.4. DowAksa

9.5. Engineered Composites Ltd

9.6. TUF-BAR

9.7. Owens Corning

9.8. Advanced Composites Inc.

9.9. Aeron Composite Pvt Ltd

9.10. Dextra Group

10. APPENDIX

10.1. Currency 

10.2. Assumptions

10.3. Base and Forecast Years Timeline

10.4. Key benefits for the stakeholders

10.5. Research Methodology 

10.6. Abbreviations

List of Tables

Table 1: Research Assumptions

Table 2: FRP Composites Market, Key Findings

Table 3: FRP Composites Market, By Type, USD Billion, 2020 to 2030

Table 4: FRP Composites Market, By Type, Thousand Units, 2020 to 2030

Table 5: FRP Composites Market Shares, By Type, 2025 and 2030 (%)

Table 6: FRP Composites Market, By End-User Industry, USD Billion, 2020 to 2030

Table 7: FRP Composites Market, By End-User Industry, Thousand Units, 2020 to 2030

Table 8: FRP Composites Market Shares, By End-User Industry, 2025 and 2030 (%)

Table 9: FRP Composites Market, By Geography, USD Billion, 2020 to 2030

Table 10: FRP Composites Market, By Geography, Thousand Units, 2020 to 2030

Table 11: FRP Composites Market Shares, By Geography, 2025 and 2030 (%)

Table 12: North America FRP Composites Market, By Type, USD Billion, 2020 to 2030

Table 13: North America FRP Composites Market, By Type, Thousand Units, 2020 to 2030

Table 14: North America FRP Composites Market Shares, By Type, 2025 and 2030 (%)

Table 15: North America FRP Composites Market, By End-User Industry, USD Billion, 2020 to 2030

Table 16: North America FRP Composites Market, By End-User Industry, Thousand Units, 2020 to 2030

Table 17: North America FRP Composites Market Shares, By End-User Industry, 2025 and 2030 (%)

Table 18: North America FRP Composites Market, By Country, USD Billion, 2020 to 2030

Table 19: North America FRP Composites Market, By Country, Thousand Units, 2020 to 2030

Table 20: North America FRP Composites Market Shares, By Country, 2025 and 2030 (%)

Table 21: South America FRP Composites Market, By Type, USD Billion, 2020 to 2030

Table 22: South America FRP Composites Market, By Type, Thousand Units, 2020 to 2030

Table 23: South America FRP Composites Market Shares, By Type, 2025 and 2030 (%)

Table 24: South America FRP Composites Market, By End-User Industry, USD Billion, 2020 to 2030

Table 25: South America FRP Composites Market, By End-User Industry, Thousand Units, 2020 to 2030

Table 26: South America FRP Composites Market Shares, By End-User Industry, 2025 and 2030 (%)

Table 27: South America FRP Composites Market, By Country, USD Billion, 2020 to 2030

Table 28: South America FRP Composites Market, By Country, Thousand Units, 2020 to 2030

Table 29: South America FRP Composites Market Shares, By Country, 2025 and 2030 (%)

Table 30: Europe FRP Composites Market, By Type, USD Billion, 2020 to 2030

Table 31: Europe FRP Composites Market, By Type, Thousand Units, 2020 to 2030

Table 32: Europe FRP Composites Market Shares, By Type, 2025 and 2030 (%)

Table 33: Europe FRP Composites Market, By End-User Industry, USD Billion, 2020 to 2030

Table 34: Europe FRP Composites Market, By End-User Industry, Thousand Units, 2020 to 2030

Table 35: Europe FRP Composites Market Shares, By End-User Industry, 2025 and 2030 (%)

Table 36: Europe FRP Composites Market, By Country, USD Billion, 2020 to 2030

Table 37: Europe FRP Composites Market, By Country, Thousand Units, 2020 to 2030

Table 38: Europe FRP Composites Market Shares, By Country, 2025 and 2030 (%)

Table 39: Middle East and Africa FRP Composites Market, By Type, USD Billion, 2020 to 2030

Table 40: Middle East and Africa FRP Composites Market, By Type, Thousand Units, 2020 to 2030

Table 41: Middle East and Africa FRP Composites Market Shares, By Type, 2025 and 2030 (%)

Table 42: Middle East and Africa FRP Composites Market, By End-User Industry, USD Billion, 2020 to 2030

Table 43: Middle East and Africa FRP Composites Market, By End-User Industry, Thousand Units, 2020 to 2030

Table 44: Middle East and Africa FRP Composites Market Shares, By End-User Industry, 2025 and 2030 (%)

Table 45: Middle East and Africa FRP Composites Market, By Country, USD Billion, 2020 to 2030

Table 46: Middle East and Africa FRP Composites Market, By Country, Thousand Units, 2020 to 2030

Table 47: Middle East and Africa FRP Composites Market Shares, By Country, 2025 and 2030 (%)

Table 48: Asia Pacific FRP Composites Market, By Type, USD Billion, 2020 to 2030

Table 49: Asia Pacific FRP Composites Market, By Type, Thousand Units, 2020 to 2030

Table 50: Asia Pacific FRP Composites Market Shares, By Type, 2025 and 2030 (%)

Table 51: Asia Pacific FRP Composites Market, By End-User Industry, USD Billion, 2020 to 2030

Table 52: Asia Pacific FRP Composites Market, By End-User Industry, Thousand Units, 2020 to 2030

Table 53: Asia Pacific FRP Composites Market Shares, By End-User Industry, 2025 and 2030 (%)

Table 54: Asia Pacific FRP Composites Market, By Country, USD Billion, 2020 to 2030

Table 55: Asia Pacific FRP Composites Market, By Country, Thousand Units, 2020 to 2030

Table 56: Asia Pacific FRP Composites Market Shares, By Country, 2025 and 2030 (%)

Table 57: FRP Composites Market, Strategy Analysis of Major Players

Table 58: FRP Composites Market, Mergers, Acquisitions, Agreements, and Collaborations

Table 59: American Fiberglass Rebar, Products and Services

Table 60: Mitsubishi Chemical Corporation, Products and Services

Table 61: SGL Carbon SE, Products and Services

Table 62: DowAksa, Products and Services

Table 63: Engineered Composites Ltd, Products and Services

Table 64: TUF-BAR, Products and Services

Table 65: Owens Corning, Products and Services

Table 66: Advanced Composites Inc., Products and Services

Table 67: Aeron Composite Pvt Ltd, Products and Services

Table 68: Dextra Group, Products and Services

List of Figures

Figure 1: FRP Composites Market Size, USD Billion, 2020 to 2030

Figure 2: FRP Composites Market Size, Thousand Units, 2020 to 2030

Figure 3: FRP Composites Market Segmentation

Figure 4: Key Market Drivers Impact Analysis

Figure 5: Key Market Restraints Impact Analysis

Figure 6: Key Market Opportunities Impact Analysis

Figure 7: Porter’s Five Forces Analysis: Bargaining Power of Suppliers

Figure 8: Porter’s Five Forces Analysis: Bargaining Power of Buyers

Figure 9: Porter’s Five Forces Analysis: Threat of New Entrants

Figure 10: Porter’s Five Forces Analysis: Threat of Substitutes

Figure 11: Porter’s Five Forces Analysis: Competitive Rivalry in the Industry

Figure 12: FRP Composites Market, Industry Value Chain Analysis

Figure 13: FRP Composites Market Share (%), By Type, 2025 and 2030

Figure 14: FRP Composites Market Attractiveness by Type, 2030

Figure 15: FRP Composites Market Share (%), By End-User Industry, 2025 and 2030

Figure 16: FRP Composites Market Attractiveness by End-User Industry, 2030

Figure 17: FRP Composites Market Share (%), By Geography, 2025 and 2030

Figure 18: FRP Composites Market Attractiveness by Geography, 2030

Figure 19: North America FRP Composites Market, USD Billion, 2020 to 2030

Figure 20: North America FRP Composites Market, Thousand Units, 2020 to 2030

Figure 21: North America FRP Composites Market Share (%), By Type, 2025 and 2030

Figure 22: North America FRP Composites Market Attractiveness, By Type, 2030

Figure 23: North America FRP Composites Market Share (%), By End-User Industry, 2025 and 2030

Figure 24: North America FRP Composites Market Attractiveness, By End-User Industry, 2030

Figure 25: North America FRP Composites Market Share (%), By Country, 2025 and 2030

Figure 26: North America FRP Composites Market Attractiveness, By Country, 2030

Figure 27: South America FRP Composites Market, USD Billion, 2020 to 2030

Figure 28: South America FRP Composites Market, Thousand Units, 2020 to 2030

Figure 29: South America FRP Composites Market Share (%), By Type, 2025 and 2030

Figure 30: South America FRP Composites Market Attractiveness, By Type, 2030

Figure 31: South America FRP Composites Market Share (%), By End-User Industry, 2025 and 2030

Figure 32: South America FRP Composites Market Attractiveness, By End-User Industry, 2030

Figure 33: South America FRP Composites Market Share (%), By Country, 2025 and 2030

Figure 34: South America FRP Composites Market Attractiveness, By Country, 2030

Figure 35: Europe FRP Composites Market, USD Billion, 2020 to 2030

Figure 36: Europe FRP Composites Market, Thousand Units, 2020 to 2030

Figure 37: Europe FRP Composites Market Share (%), By Type, 2025 and 2030

Figure 38: Europe FRP Composites Market Attractiveness, By Type, 2030

Figure 39: Europe FRP Composites Market Share (%), By End-User Industry, 2025 and 2030

Figure 40: Europe FRP Composites Market Attractiveness, By End-User Industry, 2030

Figure 41: Europe FRP Composites Market Share (%), By Country, 2025 and 2030

Figure 42: Europe FRP Composites Market Attractiveness, By Country, 2030

Figure 43: Middle East and Africa FRP Composites Market, USD Billion, 2020 to 2030

Figure 44: Middle East and Africa FRP Composites Market, Thousand Units, 2020 to 2030

Figure 45: Middle East and Africa FRP Composites Market Share (%), By Type, 2025 and 2030

Figure 46: Middle East and Africa FRP Composites Market Attractiveness, By Type, 2030

Figure 47: Middle East and Africa FRP Composites Market Share (%), By End-User Industry, 2025 and 2030

Figure 48: Middle East and Africa FRP Composites Market Attractiveness, By End-User Industry, 2030

Figure 49: Middle East and Africa FRP Composites Market Share (%), By Country, 2025 and 2030

Figure 50: Middle East and Africa FRP Composites Market Attractiveness, By Country, 2030

Figure 51: Asia Pacific FRP Composites Market, USD Billion, 2020 to 2030

Figure 52: Asia Pacific FRP Composites Market, Thousand Units, 2020 to 2030

Figure 53: Asia Pacific FRP Composites Market Share (%), By Type, 2025 and 2030

Figure 54: Asia Pacific FRP Composites Market Attractiveness, By Type, 2030

Figure 55: Asia Pacific FRP Composites Market Share (%), By End-User Industry, 2025 and 2030

Figure 56: Asia Pacific FRP Composites Market Attractiveness, By End-User Industry, 2030

Figure 57: Asia Pacific FRP Composites Market Share (%), By Country, 2025 and 2030

Figure 58: Asia Pacific FRP Composites Market Attractiveness, By Country, 2030

Figure 59: FRP Composites Market Share, 2025

Figure 60: Competitive Dashboard

Figure 61: American Fiberglass Rebar, Financials, 2022–2024

Figure 62: Mitsubishi Chemical Corporation, Financials, 2022–2024

Figure 63: SGL Carbon SE, Financials, 2022–2024

Figure 64: DowAksa, Financials, 2022–2024

Figure 65: Engineered Composites Ltd, Financials, 2022–2024

Figure 66: TUF-BAR, Financials, 2022–2024

Figure 67: Owens Corning, Financials, 2022–2024

Figure 68: Advanced Composites Inc., Financials, 2022–2024

Figure 69: Aeron Composite Pvt Ltd, Financials, 2022–2024

Figure 70: Dextra Group, Financials, 2022–2024

American Fiberglass Rebar

Mitsubishi Chemical Corporation

SGL Carbon SE

DowAksa

Engineered Composites Ltd

TUF-BAR

Owens Corning

Advanced Composites Inc.

Aeron Composite Pvt Ltd

Dextra Group