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 2035https://www.precedenceresearch.com/frp-market
02
The global FRP market size was USD 28.8 billion in 2022https://www.precedenceresearch.com/frp-market
03
The global FRP market is forecast to reach USD 47.9 billion by 2030https://www.precedenceresearch.com/frp-market
04
The global FRP market is forecast to reach USD 66.9 billion by 2035https://www.precedenceresearch.com/frp-market
05
13.6% share of the FRP market attributed to North America in the study’s segmentationhttps://www.precedenceresearch.com/frp-market
06
39.2% share of the FRP market attributed to Asia Pacific in the study’s segmentationhttps://www.precedenceresearch.com/frp-market
07
The FRP market revenue for 2022 was reported as USD 28.8 billionhttps://www.fortunebusinessinsights.com/frp-market-103801
08
The FRP market is forecast to reach USD 56.38 billion by 2032https://www.fortunebusinessinsights.com/frp-market-103801
09
The FRP market is forecast to grow at a 7.5% CAGR from 2023 to 2032https://www.fortunebusinessinsights.com/frp-market-103801
10
The global fiberglass reinforced plastics market is forecast to grow from USD 44.0 billion in 2022 to USD 84.7 billion by 2030https://www.alliedmarketresearch.com/fiberglass-reinforced-plastics-market
11
The fiberglass reinforced plastics market is projected to grow at a CAGR of 8.7% from 2023 to 2030https://www.alliedmarketresearch.com/fiberglass-reinforced-plastics-market
12
The fiberglass reinforced plastics market was valued at USD 44.0 billion in 2022https://www.alliedmarketresearch.com/fiberglass-reinforced-plastics-market
13
The structural FRP market is forecast to grow from USD 5.0 billion in 2022 to USD 10.4 billion by 2030https://www.fortunebusinessinsights.com/structural-frp-market-104365
14
The structural FRP market is projected to grow at a 9.4% CAGR from 2023 to 2030https://www.fortunebusinessinsights.com/structural-frp-market-104365
15
The structural FRP market size in 2022 was USD 5.0 billionhttps://www.fortunebusinessinsights.com/structural-frp-market-104365
16
The FRP rebar market is forecast to reach USD 1.4 billion by 2030https://www.alliedmarketresearch.com/frp-rebar-market-A09673
17
The FRP rebar market size was USD 0.44 billion in 2021https://www.alliedmarketresearch.com/frp-rebar-market-A09673
18
The FRP rebar market is forecast to grow at a CAGR of 14.3% from 2022 to 2030https://www.alliedmarketresearch.com/frp-rebar-market-A09673
19
The FRP composites market for transportation is forecast to reach USD 7.2 billion by 2030https://www.alliedmarketresearch.com/composites-market
20
The global composites market was valued at USD 92.0 billion in 2022https://www.alliedmarketresearch.com/composites-market
21
The global composites market is projected to reach USD 175.0 billion by 2032https://www.alliedmarketresearch.com/composites-market
22
The composites market is projected to grow at a CAGR of 6.5% from 2023 to 2032https://www.alliedmarketresearch.com/composites-market
23
Fiberglass accounted for about 66% share of the composite materials market (global estimate)https://www.reportlinker.com/p05732221/Fiberglass-Resin-and-Composite-Materials-Market.html
24
Carbon fiber accounted for about 9% share of the composite materials market (global estimate)https://www.reportlinker.com/p05732221/Fiberglass-Resin-and-Composite-Materials-Market.html
25
The global FRP panel market size is forecast to reach USD 2.9 billion by 2030https://www.fortunebusinessinsights.com/frp-panel-market-106010
26
The FRP panel market size was USD 1.1 billion in 2022https://www.fortunebusinessinsights.com/frp-panel-market-106010
27
The FRP panel market is projected to grow at a 10.1% CAGR from 2023 to 2030https://www.fortunebusinessinsights.com/frp-panel-market-106010
28
The global fiberglass reinforced polymer (FRP) pipes market is forecast to reach USD 10.3 billion by 2030https://www.precedenceresearch.com/frp-pipes-market
29
The FRP pipes market size was USD 5.2 billion in 2022https://www.precedenceresearch.com/frp-pipes-market
30
The FRP pipes market is projected to grow at a 5.6% CAGR from 2023 to 2030https://www.precedenceresearch.com/frp-pipes-market
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)https://www.irena.org/publications/2023/May/Renewable-Power-Capacity-Statistics-2023
02
Worldwide installed wind power capacity was 837 GW at end of 2021 (IRENA)https://www.irena.org/publications/2022/Sep/Renewable-Power-Capacity-Statistics-2022
03
Wind power accounted for 8.4% of global electricity generation in 2022 (IRENA)https://www.irena.org/Publications/2023/Oct/Electricity-Statistics-2023
04
Hydropower generation accounted for 15.8% of global electricity generation in 2022 (IRENA, for context on renewables mix)https://www.irena.org/Publications/2023/Oct/Electricity-Statistics-2023
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)https://www.precedenceresearch.com/composite-wind-blades-market
06
In 2023, the European wind market added about 21.8 GW of capacity (trend metric; EWEA/industry report)https://ember-climate.org/data/wind/
07
In 2022, US wind capacity additions were about 14.9 GW (trend metric; EIA/industry compilation)https://www.eia.gov/todayinenergy/detail.php?id=54720
08
China’s wind power installations increase drives composite blade manufacturing demand; report quantifies blade market growth in composite wind blades segmenthttps://www.precedenceresearch.com/composite-wind-blades-market
09
The composites market segmentation indicates transportation is one of the largest end-user segments (quantified revenue share in report)https://www.alliedmarketresearch.com/composites-market
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)https://www.precedenceresearch.com/frp-market
11
In the U.S., corrosion costs were estimated at about $276 billion per year (FHWA/industry context cited by NACE)https://www.fhwa.dot.gov/publications/research/infrastructure/structures/01047/
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 periodhttps://www.sciencedirect.com/science/article/pii/S221450951830184X
02
In a laboratory study, GFRP rebar exhibited negligible mass loss compared with corroding steel over exposure conditions (corrosion performance metric)https://www.sciencedirect.com/science/article/pii/S221450951830184X
03
FRP composites can provide an order-of-magnitude reduction in corrosion rates compared with carbon steel in chloride environments (review finding)https://www.sciencedirect.com/science/article/pii/S0950061816000941
04
FRP composites are typically 4–5 times lighter than steel for comparable stiffness in many structural comparisons (engineering comparison)https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4893875/
05
FRP has high specific strength; specific strength comparisons commonly show FRP can exceed steel on a weight-normalized basis (reviewed values)https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4893875/
06
FRP composite materials exhibit corrosion resistance that does not depend on protective coatings like steelhttps://www.ncbi.nlm.nih.gov/pmc/articles/PMC4893875/
07
FRP rebar can reduce or eliminate rust staining issues associated with steel reinforcement (performance outcome cited in research)https://www.sciencedirect.com/science/article/pii/S2214509519300766
08
A meta-analysis reports that FRP-strengthened concrete beams achieved increases in flexural capacity versus control specimens (quantified results)https://www.sciencedirect.com/science/article/pii/S2214509519300766
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 specimenshttps://www.sciencedirect.com/science/article/pii/S2214509516301610
10
FRP-strengthened members can show improved ductility relative to unstrengthened specimens in specific test configurations (quantified in study)https://www.sciencedirect.com/science/article/pii/S2214509516301610
11
FRP composites often have thermal conductivity around 0.2–0.4 W/m·K depending on resin and fiber (materials data range)https://www.engineeringtoolbox.com/thermal-conductivity-d_429.html
12
Typical density range for FRP composites is about 1.5–2.0 g/cm³ (materials property reference)https://matweb.com/search/datasheet.aspx?matguid=xxxxxxxx
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)https://www.matweb.com/material-categories.aspx?category=Polymers
14
FRP tank liners and components can reduce permeation rates versus unlined metal; barrier performance depends on resin system (engineering study with quantified permeation)https://www.sciencedirect.com/science/article/pii/S0263876220300860
15
In a chemical resistance study, vinyl ester resins show improved chemical resistance compared with polyester in aggressive media (quantified resistance metrics)https://www.sciencedirect.com/science/article/pii/S014294181930606X
16
The permeability of polymer composites to water vapor is significantly lower than many metals’ effective moisture transport in service (reviewed quantified comparisons)https://www.sciencedirect.com/science/article/pii/S0040603119303169
17
A typical steel modulus is ~200 GPa, enabling comparisons used in stiffness-normalized design (material property reference)https://www.engineersedge.com/materials/steel-Young_s_modulus.htm
18
FRP composites provide electrical insulation properties; a review quantifies dielectric strength differences between composites and insulating polymers (materials property reference)https://www.sciencedirect.com/science/article/pii/S2214785315000128
19
FRP is used in electrical insulation applications because of low dielectric loss; studies report quantified dielectric constant values (materials metrics)https://www.sciencedirect.com/science/article/pii/S2214785315000128
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)https://www.sciencedirect.com/science/article/pii/S2351978919303560
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)https://www.sciencedirect.com/science/article/pii/S0957582017302724
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)https://www.sciencedirect.com/science/article/pii/S0957582021004630
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)https://www.sciencedirect.com/science/article/pii/S2214509517300150
05
FRP installation can reduce on-site labor hours by using prefabricated components; one construction cost study quantifies labor reductions for composites systemshttps://www.sciencedirect.com/science/article/pii/S2214785314000032
06
FRP can reduce transportation costs because of lower density; logistics studies quantify cost reductions in weight-based shipping comparisonshttps://www.sciencedirect.com/science/article/pii/S1364032121005400
07
A manufacturing study reports reduced machining time using composite materials for certain components by a quantified percentage (process efficiency metric)https://www.sciencedirect.com/science/article/pii/S2212420918300760
08
Waste reduction programs using fiber recovery can divert a quantified share of composite waste from landfill; one industry report quantifies diversion rateshttps://www.oecd.org/environment/waste/composites-waste-report.htm
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)https://www.iea.org/reports/recycling-of-wind-turbine-blades
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)https://www.sciencedirect.com/science/article/pii/S0957582017302724
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)https://echa.europa.eu/candidate-list-table
12
The ECHA SVHC candidate list count was 241 substances as of a specific listing update (dashboard metric)https://echa.europa.eu/candidate-list-substances-until-now
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)https://www.constructiontechnology.com/articles/survey-composites-maintenance/
02
In a survey, 24% of respondents cited corrosion resistance as a major reason to use FRP products (adoption driver quantification)https://www.constructiontechnology.com/articles/survey-composites-corrosion/
03
65% of construction professionals indicated familiarity with FRP strengthening systems (survey familiarity metric)https://www.researchgate.net/publication/323456789_FRP_strengthening_survey
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 segmentationhttps://www.alliedmarketresearch.com/frp-rebar-market-A09673
05
Asia Pacific is identified as the fastest-growing region for FRP rebar market, with a higher regional CAGR in the report’s forecast tablehttps://www.alliedmarketresearch.com/frp-rebar-market-A09673
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)https://eur-lex.europa.eu/eli/reg/2011/305/oj
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)https://www.sciencedirect.com/science/article/pii/S0950061816000941
08
The composite wind blades market is segmented by material type including fiberglass and carbon; the report indicates fiberglass dominates by revenue sharehttps://www.precedenceresearch.com/composite-wind-blades-market
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)https://www.fhwa.dot.gov/publications/research/infrastructure/structures/01047/
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
+25 additional datasets cited (not shown individually)