The Southeast Asia GFRP Composites Market was valued at USD 1.45 billion in 2024 and is projected to reach USD 2.38 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period (2024–2030). This significant expansion is driven by increasing industrialization, infrastructure development, and the automotive sector’s shift toward lightweight materials across Thailand, Indonesia, Vietnam, Malaysia, and other ASEAN nations.

As Southeast Asian economies accelerate their manufacturing capabilities, glass fiber reinforced polymer (GFRP) composites have become critical for applications demanding high strength-to-weight ratios. In this analysis, we identify the Top 10 Companies in the Southeast Asia GFRP Composites Industry—regional champions and multinational players shaping the future of advanced materials.

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🔟 1. Thai Composite Materials Co., Ltd. (Thailand)

Headquarters: Bangkok, Thailand
Key Offering: GFRP panels, pipes, and structural components

As Thailand’s largest domestic composites manufacturer, Thai Composite Materials specializes in corrosion-resistant solutions for construction and industrial applications. The company operates state-of-the-art filament winding and compression molding facilities serving ASEAN markets.

Recent Developments:

• Completed facility expansion in Rayong province (2024)
• Strategic partnership with Mitsubishi Chemical for advanced resin systems
• Developing fire-retardant GFRP for building safety applications

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9️⃣ 2. PT Composites Indonesia (Indonesia)

Headquarters: Jakarta, Indonesia
Key Offering: Custom GFRP molds and mass production components

This Indonesian manufacturer has become a key supplier to the country’s growing automotive and marine industries, with advanced vacuum infusion and RTM (Resin Transfer Molding) capabilities serving both domestic and export markets.

Recent Developments:

• New automated production line operational in Bekasi (2023)
• Contract wins with Japanese automotive Tier 1 suppliers
• Investment in recycled glass fiber technology

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8️⃣ 3. Mitsubishi Chemical Advanced Materials (ASEAN Operations)

Headquarters: Tokyo, Japan (Regional HQ in Singapore)
Key Offering: High-performance GFRP sheets and industrial components

The Japanese materials giant maintains significant production capacity in Thailand and Malaysia, supplying engineered composites to electronics, transportation, and industrial sectors throughout Southeast Asia.

Recent Developments:

• $85 million capacity expansion in Malaysia (2023-2025)
• New thermally conductive GFRP formulations for electronics
• Partnerships with regional EV manufacturers

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7️⃣ 4. Vietnam Composite Materials JSC (Vietnam)

Headquarters: Ho Chi Minh City, Vietnam
Key Offering: GFRP construction materials and industrial parts

Vietnam’s leading domestic composites manufacturer has benefited from the country’s construction boom, supplying reinforced panels, piping systems, and structural components for major infrastructure projects.

Recent Developments:

• New factory in Haiphong Economic Zone (2024)
• Government contracts for bridge reinforcement systems
• Developing hybrid natural fiber composites

Read Full Report: Southeast Asia GFRP Composites Market – View in Detailed Research Report

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6️⃣ 5. Polynt Composites Malaysia

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Specialty GFRP compounds and laminates

The Malaysian subsidiary of Italian composites leader Polynt specializes in customized formulations for demanding applications in electrical insulation, transportation, and industrial equipment.

Recent Developments:

• New R&D center in Penang (2023)
• Halogen-free flame retardant product line expansion
• Supply agreements with semiconductor equipment manufacturers

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5️⃣ 6. Toray Advanced Composites (Thailand)

Headquarters: Chonburi, Thailand
Key Offering: Aerospace and automotive GFRP solutions

Toray’s Thai operations serve as a strategic production hub for advanced composite materials, supplying global aerospace primes and regional automotive OEMs with high-performance GFRP components.

Recent Developments:

• Aerospace certification for new GFRP formulations
• Expansion of prepreg production capacity
• Automotive contracts worth $50 million (2024-2026)

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4️⃣ 7. Hexion Composite Materials (Singapore)

Headquarters: Singapore
Key Offering: Specialty resins and GFRP systems

Hexion’s Asia-Pacific headquarters develops and manufactures advanced resin systems for composite applications, serving wind energy, marine, and construction sectors across the region.

Recent Developments:

• New bio-based resin technology commercialization
• Supply contracts for regional wind farm projects
• Technical center expansion in Singapore

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3️⃣ 8. Gurit SEA (Malaysia)

Headquarters: Selangor, Malaysia
Key Offering: Structural GFRP components and core materials

The Southeast Asian division of Swiss composites specialist Gurit provides engineered solutions for transportation, wind energy, and marine applications through its Malaysian production facilities.

Recent Developments:

• New automated production line for automotive components
• Contracts with Malaysian electric vehicle startups
• Sustainable material development initiatives

Download FREE Sample Report: Southeast Asia GFRP Composites Market – View in Detailed Research Report

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2️⃣ 9. Kemrock Industries (Indonesia)

Headquarters: Surabaya, Indonesia
Key Offering: Industrial GFRP products and pultruded profiles

This Indonesian manufacturer has emerged as a key supplier of corrosion-resistant composites for the region’s oil & gas, chemical processing, and water treatment industries.

Recent Developments:

• New pultrusion line installation (2024)
• Major contracts for chemical plant applications
• ISO 9001:2015 certification achieved

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1️⃣ 10. Formosa Plastics Composites (Vietnam)

Headquarters: Hanoi, Vietnam
Key Offering: GFRP raw materials and semi-finished products

The Vietnamese division of Taiwan’s Formosa Plastics Group supplies composite materials to manufacturers across multiple industries, with particular strength in construction and transportation applications.

Recent Developments:

• New glass fiber production line coming online 2024
• Partnerships with European materials companies
• Recycling technology development program

Get Full Report Here: Southeast Asia GFRP Composites Market – View in Detailed Research Report

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🌍 Outlook: The Transformative Potential of GFRP in ASEAN’s Development

The Southeast Asia GFRP composites market stands at an inflection point, with material innovations and production capabilities accelerating to meet regional industrialization demands. As infrastructure projects multiply and manufacturing becomes more sophisticated, composite materials are becoming indispensable across multiple sectors.

📈 Key Trends Shaping the Market:

• Accelerating adoption in automotive lightweighting programs
• Infrastructure development driving demand for durable construction materials
• Renewable energy projects requiring specialized composite solutions
• Increasing vertical integration among regional manufacturers
• Growing emphasis on sustainable and recyclable formulations

Get Full Report Here: Southeast Asia GFRP Composites Market – View in Detailed Research Report

The companies profiled represent the vanguard of Southeast Asia’s composites revolution—transforming regional industries through material innovation and advanced manufacturing capabilities.