Fiber-Reinforced Polymer (FRP) Composites Market Analysis by Mordor Intelligence

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8th April 2026

The Fiber-Reinforced Polymer Composites Market size is estimated at USD 83.17 billion in 2026, and is expected to reach USD 107.16 billion by 2031, at a CAGR of 5.20% during the forecast period (2026-2031). The expansion reflects ongoing bridge and road rehabilitation across mature economies, surging offshore-wind installations, and accelerating electric-vehicle (EV) lightweighting. Thermoset resins retained a 71.06% share in 2025, yet thermoplastics will grow at a 6.15% CAGR because automakers prefer recyclable matrices that fit circular-economy mandates. Glass fiber-reinforced polymer dominated 2025 volume with 91.18%, while carbon fiber-reinforced polymer will chart an 11.14% CAGR as aerospace and premium EV platforms demand structures offering specific stiffness above 180 GPa. Asia-Pacific led revenue with a 45.22% share in 2025, propelled by China’s 75 GW wind build-out and India’s USD 1.4 trillion infrastructure program, and will expand at 6.08% CAGR. Transportation end-user industry held 29.12% of 2025 revenue and will rise at 5.61% CAGR as European battery-electric registrations climbed to 22% in 2025, prompting metal-to-composite part substitution.

Key Report Takeaways

By resin type, thermoset led with 71.06% of fiber reinforced polymer composites market share in 2025; thermoplastic is forecast to grow at a 6.15% CAGR to 2031.

By fiber type, glass fiber-reinforced polymer (GFRP) captured 91.18% revenue share in 2025, while carbon fiber-reinforced polymer (CFRP) is projected to expand at an 11.14% CAGR through 2031.

By reinforcement form, rovings held 33.72% of the fiber reinforced polymer composites market size in 2025 and prepreg is advancing at a 6.26% CAGR to 2031.

By end-user industry, transportation accounted for 29.12% share of the fiber reinforced polymer composites market size in 2025 and is progressing at a 5.61% CAGR through 2031.

By geography, Asia-Pacific held 45.22% revenue share in 2025; the region is forecast to post the highest CAGR at 6.08% through 2031.

Note: Market size and forecast figures in this report are generated using Mordor Intelligence’s proprietary estimation framework, updated with the latest available data and insights as of January 2026.

https://www.mordorintelligence.com/industry-reports/fiber-reinforced-polymer-frp-composites-market

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Frequently Asked Questions

We are an entity manufacturer with nearly 20 years of experience in the SMC FRP products field. Our main products include a full range of SMC/FRP items such as FRP rods, septic tanks, drainage ditches, gratings, shower trays, integrated bathrooms, and trash bins.

We can fully guarantee it. Our products have been stably exported to markets such as Southeast Asia, Europe, and the Middle East for more than 10 years. They meet international product quality standards, and their quality has been widely recognized by customers.

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This is a distribution sub-panel specifically designed for power systems, serving as a dedicated device for line branching, power distribution, and circuit protection: The box body is made of weather-resistant and anti-corrosion materials (such as SMC composite materials), with a light-colored and simple appearance. It supports various specifications of compartmental structures (such as single door, double door, or triple door), enabling functions like incoming lines, metering, and compensation. The box interior is reserved for component installation, allowing for the installation of circuit breakers, protectors, and other power accessories. The box surface is marked with "Stop! Danger of Electricity" safety warnings and power service logos. It is mainly applicable to power line distribution and management in outdoor, industrial factory areas, and building power distribution scenarios.

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Fiber-Reinforced Polymer (FRP) Composites Market Analysis by Mordor Intelligence

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