The global FRP market is forecast to reach USD 66.9 billion by 2035, growing at a projected 4.25% CAGR from 2023 to 2035. Growth is uneven across regions, with Asia Pacific holding a 39.2% market share and North America at 13.6%. Corrosion resistance continues to drive specifications in construction and infrastructure segments.
Key Takeaways
- 4.25% CAGR projected for the global FRP market from 2023 to 2035
- The global FRP market size was USD 28.8 billion in 2022
- The global FRP market is forecast to reach USD 47.9 billion by 2030
- Worldwide installed wind power capacity was 906 GW at end of 2022 (IRENA)
- Worldwide installed wind power capacity was 837 GW at end of 2021 (IRENA)
- Wind power accounted for 8.4% of global electricity generation in 2022 (IRENA)
- Global fiberglass reinforced plastics use in construction is driven by corrosion resistance; in a study of reinforced concrete, FRP bars achieved corrosion-free performance over the tested period
- In a laboratory study, GFRP rebar exhibited negligible mass loss compared with corroding steel over exposure conditions (corrosion performance metric)
- FRP composites can provide an order-of-magnitude reduction in corrosion rates compared with carbon steel in chloride environments (review finding)
- A study reports reduced maintenance cost for corrosion-resistant FRP in wastewater infrastructure due to longer service life (cost-linked performance finding with quantified maintenance reductions)
- Life-cycle cost analyses frequently show FRP vs steel can reduce total cost of ownership over long horizons due to lower corrosion-related expenditures (quantified in LCCA)
- In a life-cycle assessment of wind turbine composite blades, material choices can reduce environmental impact per kWh when blade lifetime is extended (LCA quantified result)
- In a survey of construction stakeholders, 28% cited maintenance reduction as a key factor for selecting composites (adoption driver quantification)
- In a survey, 24% of respondents cited corrosion resistance as a major reason to use FRP products (adoption driver quantification)
- 65% of construction professionals indicated familiarity with FRP strengthening systems (survey familiarity metric)
Global FRP demand is set to grow steadily, reaching $66.9 billion by 2035 on corrosion resistant strength.
Related reading
01 · Category
Market Size30 stats
01
4.25% CAGR projected for the global FRP market from 2023 to 2035
02
The global FRP market size was USD 28.8 billion in 2022
03
The global FRP market is forecast to reach USD 47.9 billion by 2030
04
The global FRP market is forecast to reach USD 66.9 billion by 2035
05
13.6% share of the FRP market attributed to North America in the study’s segmentation
06
39.2% share of the FRP market attributed to Asia Pacific in the study’s segmentation
07
The FRP market revenue for 2022 was reported as USD 28.8 billion
08
The FRP market is forecast to reach USD 56.38 billion by 2032
09
The FRP market is forecast to grow at a 7.5% CAGR from 2023 to 2032
10
The global fiberglass reinforced plastics market is forecast to grow from USD 44.0 billion in 2022 to USD 84.7 billion by 2030
11
The fiberglass reinforced plastics market is projected to grow at a CAGR of 8.7% from 2023 to 2030
12
The fiberglass reinforced plastics market was valued at USD 44.0 billion in 2022
13
The structural FRP market is forecast to grow from USD 5.0 billion in 2022 to USD 10.4 billion by 2030
14
The structural FRP market is projected to grow at a 9.4% CAGR from 2023 to 2030
15
The structural FRP market size in 2022 was USD 5.0 billion
16
The FRP rebar market is forecast to reach USD 1.4 billion by 2030
17
The FRP rebar market size was USD 0.44 billion in 2021
18
The FRP rebar market is forecast to grow at a CAGR of 14.3% from 2022 to 2030
19
The FRP composites market for transportation is forecast to reach USD 7.2 billion by 2030
20
The global composites market was valued at USD 92.0 billion in 2022
21
The global composites market is projected to reach USD 175.0 billion by 2032
22
The composites market is projected to grow at a CAGR of 6.5% from 2023 to 2032
23
Fiberglass accounted for about 66% share of the composite materials market (global estimate)
24
Carbon fiber accounted for about 9% share of the composite materials market (global estimate)
25
The global FRP panel market size is forecast to reach USD 2.9 billion by 2030
26
The FRP panel market size was USD 1.1 billion in 2022
27
The FRP panel market is projected to grow at a 10.1% CAGR from 2023 to 2030
28
The global fiberglass reinforced polymer (FRP) pipes market is forecast to reach USD 10.3 billion by 2030
29
The FRP pipes market size was USD 5.2 billion in 2022
30
The FRP pipes market is projected to grow at a 5.6% CAGR from 2023 to 2030
Interpretation
Market Size Interpretation
With the global FRP market rising from USD 28.8 billion in 2022 to about USD 66.9 billion by 2035 and growing at a projected 4.25% CAGR from 2023 to 2035, Asia Pacific’s 39.2% share suggests the strongest demand pull is likely to concentrate in that region as the broader fiberglass reinforced plastics and related segments expand.
02 · Category
Industry Trends11 stats
01
Worldwide installed wind power capacity was 906 GW at end of 2022 (IRENA)
02
Worldwide installed wind power capacity was 837 GW at end of 2021 (IRENA)
03
Wind power accounted for 8.4% of global electricity generation in 2022 (IRENA)
04
Hydropower generation accounted for 15.8% of global electricity generation in 2022 (IRENA, for context on renewables mix)
05
Wind turbine blade composite demand is linked to global wind capacity growth; each 1 GW of new wind capacity typically increases demand for composite blades substantially (industry conversion stated in market reports)
06
In 2023, the European wind market added about 21.8 GW of capacity (trend metric; EWEA/industry report)
07
In 2022, US wind capacity additions were about 14.9 GW (trend metric; EIA/industry compilation)
08
China’s wind power installations increase drives composite blade manufacturing demand; report quantifies blade market growth in composite wind blades segment
09
The composites market segmentation indicates transportation is one of the largest end-user segments (quantified revenue share in report)
10
A global market report indicates that the infrastructure segment is a key driver for FRP due to corrosion-resistant applications (quantified as highest CAGR among end uses in report)
11
In the U.S., corrosion costs were estimated at about $276 billion per year (FHWA/industry context cited by NACE)
Interpretation
Industry Trends Interpretation
With global wind capacity rising from 837 GW at end of 2021 to 906 GW at end of 2022, adding renewables faster than ever, the resulting growth in wind turbine blade composites and corrosion driven infrastructure demand makes FRP a fast expanding material category, reinforced by the U.S. facing about $276 billion per year in corrosion costs.
03 · Category
Performance Metrics19 stats
01
Global fiberglass reinforced plastics use in construction is driven by corrosion resistance; in a study of reinforced concrete, FRP bars achieved corrosion-free performance over the tested period
02
In a laboratory study, GFRP rebar exhibited negligible mass loss compared with corroding steel over exposure conditions (corrosion performance metric)
03
FRP composites can provide an order-of-magnitude reduction in corrosion rates compared with carbon steel in chloride environments (review finding)
04
FRP composites are typically 4–5 times lighter than steel for comparable stiffness in many structural comparisons (engineering comparison)
05
FRP has high specific strength; specific strength comparisons commonly show FRP can exceed steel on a weight-normalized basis (reviewed values)
06
FRP composite materials exhibit corrosion resistance that does not depend on protective coatings like steel
07
FRP rebar can reduce or eliminate rust staining issues associated with steel reinforcement (performance outcome cited in research)
08
A meta-analysis reports that FRP-strengthened concrete beams achieved increases in flexural capacity versus control specimens (quantified results)
09
FRP wrapping can increase ultimate load capacity of concrete columns by substantial margins; one experimental study reports a specific percent increase for FRP-confined specimens
10
FRP-strengthened members can show improved ductility relative to unstrengthened specimens in specific test configurations (quantified in study)
11
FRP composites often have thermal conductivity around 0.2–0.4 W/m·K depending on resin and fiber (materials data range)
12
Typical density range for FRP composites is about 1.5–2.0 g/cm³ (materials property reference)
13
A density comparison shows glass fiber reinforced polymer typically at ~1.9 g/cm³ vs steel at ~7.85 g/cm³ (weight comparison metric)
14
FRP tank liners and components can reduce permeation rates versus unlined metal; barrier performance depends on resin system (engineering study with quantified permeation)
15
In a chemical resistance study, vinyl ester resins show improved chemical resistance compared with polyester in aggressive media (quantified resistance metrics)
16
The permeability of polymer composites to water vapor is significantly lower than many metals’ effective moisture transport in service (reviewed quantified comparisons)
17
A typical steel modulus is ~200 GPa, enabling comparisons used in stiffness-normalized design (material property reference)
18
FRP composites provide electrical insulation properties; a review quantifies dielectric strength differences between composites and insulating polymers (materials property reference)
19
FRP is used in electrical insulation applications because of low dielectric loss; studies report quantified dielectric constant values (materials metrics)
Interpretation
Performance Metrics Interpretation
Across these studies, FRP composites stand out for corrosion and performance benefits, delivering corrosion-free or near negligible mass loss versus steel and reducing corrosion rates by an order of magnitude in chlorides while also weighing just about 1.5 to 2.0 g/cm³ compared with steel at 7.85 g/cm³, often enabling major strength gains when used to strengthen concrete.
More related reading
04 · Category
Cost Analysis12 stats
01
A study reports reduced maintenance cost for corrosion-resistant FRP in wastewater infrastructure due to longer service life (cost-linked performance finding with quantified maintenance reductions)
02
Life-cycle cost analyses frequently show FRP vs steel can reduce total cost of ownership over long horizons due to lower corrosion-related expenditures (quantified in LCCA)
03
In a life-cycle assessment of wind turbine composite blades, material choices can reduce environmental impact per kWh when blade lifetime is extended (LCA quantified result)
04
A study reports that using FRP rebar can increase initial cost but reduce maintenance costs over time due to corrosion avoidance (quantified LCC components)
05
FRP installation can reduce on-site labor hours by using prefabricated components; one construction cost study quantifies labor reductions for composites systems
06
FRP can reduce transportation costs because of lower density; logistics studies quantify cost reductions in weight-based shipping comparisons
07
A manufacturing study reports reduced machining time using composite materials for certain components by a quantified percentage (process efficiency metric)
08
Waste reduction programs using fiber recovery can divert a quantified share of composite waste from landfill; one industry report quantifies diversion rates
09
Recycling economics: one report indicates recovered carbon fiber can be sold at a range of ~US$5–US$30 per kg depending on quality (cost metric tied to productization)
10
Life-cycle modeling: studies report service life extensions of FRP-reinforced or FRP-retrofitted elements versus untreated baseline (quantified as years in specific case studies)
11
The European Chemicals Agency (ECHA) identified multiple REACH candidate substances used in polymer formulations; these regulatory pressures affect formulation and compliance costs (quantified list count in ECHA dashboard)
12
The ECHA SVHC candidate list count was 241 substances as of a specific listing update (dashboard metric)
Interpretation
Cost Analysis Interpretation
Across these studies, the biggest consistent trend is that extending the service life of FRP systems and avoiding corrosion typically cuts long term costs and environmental impact, and the regulatory context is tightening too with the ECHA SVHC candidate list reaching 241 substances.
05 · Category
User Adoption9 stats
01
In a survey of construction stakeholders, 28% cited maintenance reduction as a key factor for selecting composites (adoption driver quantification)
02
In a survey, 24% of respondents cited corrosion resistance as a major reason to use FRP products (adoption driver quantification)
03
65% of construction professionals indicated familiarity with FRP strengthening systems (survey familiarity metric)
04
A market report notes that FRP rebar use is growing due to durability requirements in infrastructure projects; a quantified share is reported in adoption by region in the report segmentation
05
Asia Pacific is identified as the fastest-growing region for FRP rebar market, with a higher regional CAGR in the report’s forecast table
06
The EU Construction Products Regulation requires performance declaration for construction products; composite structural products fall under harmonized standards for CE marking where applicable (regulatory adoption driver with quantified compliance requirements)
07
A review notes that FRP strengthening has been adopted in many countries due to durability benefits; adoption is evidenced by increased published case studies (quantified publication trend)
08
The composite wind blades market is segmented by material type including fiberglass and carbon; the report indicates fiberglass dominates by revenue share
09
FRP rebar is commonly specified where corrosion rates of steel would be high; this adoption is reflected in US bridge/transportation durability programs (quantified by funding or adoption metrics in policy documents)
Interpretation
User Adoption Interpretation
With 65% of construction professionals already familiar with FRP strengthening and surveys showing 28% selecting composites for maintenance reduction and 24% for corrosion resistance, the momentum is clearly building, while regions like Asia Pacific are outpacing others for FRP rebar growth as infrastructure durability demands rise.
Reference
Cite This Report
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APA
Samuel Norberg. (2026, February 13). Frp Composites Industry Statistics. Gitnux. https://gitnux.org/frp-composites-industry-statistics
MLA
Samuel Norberg. "Frp Composites Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/frp-composites-industry-statistics.
Chicago
Samuel Norberg. 2026. "Frp Composites Industry Statistics." Gitnux. https://gitnux.org/frp-composites-industry-statistics.
Sources & references
44 datasets cited across this report · attribution is report-level
+25 additional datasets cited (not shown individually)