Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Type (Polyester, Vinyl Ester, Epoxy, Polyurethane, Peek Resin, Others), By Application (Wind Energy, Transportation, Marine, Pipe & Tanks, Others) And Competitive Landscape
Product Code: ETC395410 | Publication Date: Aug 2022 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | Europe Glass Fibre Reinforced Plastic Market |
Forecast Period | 2025-2031 |
Market Size | USD 67.5 billion by 2031 |
CAGR | 12.2% |
Growing Sector | TransportationSector |
Europe Glass Fibre Reinforced Plastic Market report thoroughly covers the market By Countries, By Type, By Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Glass Fibre Reinforced Plastic Market was valued at USD 32.9 billion and is expected to reach USD 67.5 billion, growing at a CAGR of around 12.2% from 2025 to 2031.This substantial growth is driven by increased demand across industries such as automotive, aerospace, and construction due to GFRP’s superior lightweight properties, high strength, and durability. The market is also expected to benefit from advancements in manufacturing processes and a rising focus on sustainability. With its versatile applications, GFRP continues to play a critical role in reducing material weight and enhancing performance, making it a preferred choice for numerous industries. This growth trajectory highlights the expanding opportunities and innovation in the European GFRPGlass Fibre Reinforced Plastic Market.
The Europe Glass Fibre Reinforced Plastic (GFRP) market is experiencing significant expansion, driven by its increasing adoption in key sectors such as automotive, aerospace, and construction. GFRP's combination of lightweight properties, exceptional strength, and durability makes it an ideal material for applications requiring high performance and efficiency. The construction industry leverages GFRP for its enhanced resistance to corrosion and environmental factors, while the automotive and aerospace sectors benefit from its ability to reduce weight and improve fuel efficiency. Additionally, advancements in technology and heightened emphasis on sustainability are fostering innovation in GFRP applications. These factors, coupled with growing awareness of its benefits, underscore the material’s pivotal role in shaping multiple industries across Europe.
According to 6Wresearch, the Europe Glass Fibre Reinforced Plastic Market Size is expected to reach a significant CAGR of 12.2% during the forecast period 2025-2031. This substantial growth is attributed to the widespread adoption of GFRP across diverse industries, including automotive, aerospace, and construction, where its unique properties such as lightweight durability and strength play a crucial role. Additionally, the market is benefiting from increased investments in research and development, driving advancements in GFRP applications. The growing focus on sustainability and eco-friendly materials further propels the demand for GFRP, making it a preferred choice in modern industrial manufacturing. These trends reflect the material’s expanding footprint in Europe’s industrial landscape, ensuring steady growth across the forecast period.
Trend analysis reveals significant growth opportunities in the Glass Fibre Reinforced Plastic (GFRP) market across Europe. The industry is driven by increasing demand within the automotive and construction sectors, emphasizing lightweight and durable materials. GFRP's high corrosion resistance and adaptability to various applications further strengthen its appeal. Advancements in manufacturing processes, such as automated production and customization capabilities, facilitate scalability and cost efficiency. Additionally, sustainability trends highlight the development of recyclable GFRP materials, aligning with Europe’s environmental policies and green initiatives. The competitive landscape is evolving, with manufacturers focusing on product innovation to meet market demands. Strategic investments in R&D are critical to gaining a competitive edge in this thriving sector.
The Glass Fibre Reinforced Plastic (GFRP) industry in Europe presents promising investment opportunities driven by growing demand in sectors such as construction, automotive, aerospace, and renewable energy. With its lightweight, high-strength, and corrosion-resistant qualities, GFRP is gaining traction as a preferred material for sustainable and innovative applications. Key growth drivers include regulatory emphasis on carbon reduction, increasing adoption of renewable energy solutions, and advancements in manufacturing technologies. Investors can explore opportunities in specialized production processes, R&D for improved material performance, and expanded manufacturing capacities to cater to rising demand. Europe’s established industrial infrastructure and supportive government policies further enhance the region’s appeal to potential investors.
Leading players in the European GFRP market, such as Owens Corning, CPIC, and Saertex, are driving significant growth through strategic innovations and investments. These companies are focusing on advanced manufacturing techniques, sustainability initiatives, and collaboration with industry sectors like automotive and aerospace to meet evolving market demands. Key expansions include developing lightweight composite solutions for electric vehicles and durable materials for wind turbine blades. Increased R&D efforts to enhance performance and eco-friendliness underline their competitive strategies. By maintaining robust supply chains and leveraging Europe’s regulatory frameworks, these players continue to strengthen their market position and capitalize on emerging opportunities.
Government regulations play a crucial role in shaping the growth trajectory of the Europe Glass Fibre Reinforced Plastic (GFRP) market. Policies promoting the use of sustainable and recyclable materials encourage innovation within the industry, aligning with global environmental goals. Stricter emission standards and recycling mandates drive the adoption of advanced GFRP solutions across sectors like automotive and construction. Financial incentives, such as subsidies for green technologies, further bolster market performance. Additionally, regulatory frameworks that ensure quality and safety standards foster consumer confidence and industry credibility. These measures collectively create a favourable environment for market expansion and long-term sustainability.
The Europe Glass Fibre Reinforced Plastic (GFRP) market is anticipated to witness robust growth driven by advancements in material sciences and increasing demand for lightweight, durable solutions. Key sectors such as renewable energy, particularly wind turbine manufacturing, will significantly contribute to market expansion. The integration of smart technologies in manufacturing processes is set to improve efficiency and product customization. Furthermore, evolving consumer preferences for eco-friendly materials will likely amplify innovation in recyclable and sustainable GFRP solutions. The growing emphasis on circular economy practices and strategic investments in research and development will position Europe as a global leader in GFRP production, fostering long-term market evolution and competitiveness.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Germany is poised to lead the Europe Glass Fibre Reinforced Plastic (GFRP) market due to its robust industrial infrastructure and strong focus on innovation. The country’s advanced manufacturing capabilities, coupled with significant investments in research and development, have positioned it as a key player in the sector. Germany's automotive and aerospace industries, known for their demand for lightweight and high-performance materials, will drive the adoption of GFRP. Additionally, the nation’s commitment to renewable energy projects, particularly in the wind energy sector, is expected to amplify GFRP utilization. Favorable government policies supporting sustainable practices and a well-established supply chain ecosystem further solidify Germany's dominance in the European market. These factors collectively underscore the country's pivotal role in shaping the future dynamics of the GFRP market across Europe.
According to Ravi Bhandari, Research Head, 6Wresearch,polyester is projected to dominate the Glass Fibre Reinforced Plastic (GFRP) market in Europe due to its cost-effectiveness and versatile properties. Widely used in automotive, construction, and marine industries, polyester resins offer excellent mechanical strength, durability, and resistance to environmental stresses. Their ease of processing and compatibility with advanced manufacturing techniques make them a preferred choice for large-scale production. The demand for polyester-based GFRP materials is further bolstered by the growing need for lightweight components in vehicles and renewable energy structures such as wind turbine blades. Additionally, advancements in polyester resin formulations have enhanced their performance, ensuring their continued prominence in diverse industrial applications. This trend firmly positions polyester as a leading material type in the evolving GFRP market.
Wind energy is anticipated to emerge as the leading application for Glass Fibre Reinforced Plastic (GFRP) in Europe, fueled by the region's commitment to expanding renewable energy infrastructure. GFRP materials play a critical role in the construction of wind turbine blades due to their high strength-to-weight ratio, excellent fatigue resistance, and ability to withstand harsh environmental conditions. These properties ensure the structural integrity and efficiency of wind turbines, even under continuous operational stress. The rising investments in wind energy projects, driven by ambitious decarbonization targets and governmental policies promoting renewable energy, further amplify the demand for GFRP in this sector. Additionally, innovations in material design and fabrication techniques are enabling larger, more efficient turbines, solidifying the dominance of wind energy in the GFRP market's growth trajectory.
The market report has been segmented and sub-segmented into the following categories
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Glass Fibre Reinforced Plastic Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Glass Fibre Reinforced Plastic Market Revenues & Volume, 2021 & 2031F |
3.3 Europe Glass Fibre Reinforced Plastic Market - Industry Life Cycle |
3.4 Europe Glass Fibre Reinforced Plastic Market - Porter's Five Forces |
3.5 Europe Glass Fibre Reinforced Plastic Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Europe Glass Fibre Reinforced Plastic Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Europe Glass Fibre Reinforced Plastic Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Europe Glass Fibre Reinforced Plastic Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Glass Fibre Reinforced Plastic Market Trends |
6 Europe Glass Fibre Reinforced Plastic Market, 2021 - 2031 |
6.1 Europe Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2 Europe Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Application, 2021 - 2031 |
7 Germany Glass Fibre Reinforced Plastic Market, 2021 - 2031 |
7.1 Germany Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Type, 2021 - 2031 |
7.2 Germany Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Application, 2021 - 2031 |
8 United Kingdom Glass Fibre Reinforced Plastic Market, 2021 - 2031 |
8.1 United Kingdom Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Type, 2021 - 2031 |
8.2 United Kingdom Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Application, 2021 - 2031 |
9 France Glass Fibre Reinforced Plastic Market, 2021 - 2031 |
9.1 France Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Type, 2021 - 2031 |
9.2 France Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Italy Glass Fibre Reinforced Plastic Market, 2021 - 2031 |
10.1 Italy Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Type, 2021 - 2031 |
10.2 Italy Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Russia Glass Fibre Reinforced Plastic Market, 2021 - 2031 |
11.1 Russia Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Type, 2021 - 2031 |
11.2 Russia Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Spain Glass Fibre Reinforced Plastic Market, 2021 - 2031 |
12.1 Spain Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Type, 2021 - 2031 |
12.2 Spain Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Rest of Europe Glass Fibre Reinforced Plastic Market, 2021 - 2031 |
13.1 Rest of Europe Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Type, 2021 - 2031 |
13.2 Rest of Europe Glass Fibre Reinforced Plastic Market, Revenues & Volume, By Application, 2021 - 2031 |
14 Europe Glass Fibre Reinforced Plastic Market Key Performance Indicators |
15 Europe Glass Fibre Reinforced Plastic Market - Opportunity Assessment |
15.1 Europe Glass Fibre Reinforced Plastic Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Europe Glass Fibre Reinforced Plastic Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Europe Glass Fibre Reinforced Plastic Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Europe Glass Fibre Reinforced Plastic Market - Competitive Landscape |
16.1 Europe Glass Fibre Reinforced Plastic Market Revenue Share, By Companies, 2024 |
16.2 Europe Glass Fibre Reinforced Plastic Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |