The Global Glass Fiber Reinforced Plastics (GFRP) Market was valued at USD 90.2 Billion in 2024 and is projected to reach USD 135.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period (2024–2030). This robust growth is fueled by the material’s exceptional strength-to-weight ratio, corrosion resistance, and its accelerating adoption across wind energy, automotive lightweighting, and construction sectors globally.

As industries worldwide intensify their focus on sustainability, efficiency, and performance, GFRP composites are emerging as a material of choice. This growth is driven by pioneering companies that innovate in fiber technology, resin systems, and manufacturing processes. In this blog, we profile the Top 10 Companies in the Glass Fiber Reinforced Plastics Industry—a mix of global material giants, specialized manufacturers, and regional leaders shaping the future of advanced composites.

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🔟 1. Owens Corning

Headquarters: Toledo, Ohio, USA
Key Offering: Fiberglass reinforcements, composite solutions, and engineered materials

Owens Corning is a global leader in fiberglass and composite materials, serving a diverse range of markets from building materials to transportation. Their product portfolio includes a wide array of glass fibers, fabrics, and non-woven mats that form the backbone of the GFRP industry.

Innovation & Sustainability Initiatives:

• Pioneering high-performance glass fiber formulations for wind turbine blades

• Developing recyclable and sustainable composite solutions

• Committed to achieving carbon neutrality by 2030 across operations

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9️⃣ 2. Jushi Group

Headquarters: Tongxiang, Zhejiang, China
Key Offering: Glass fiber roving, chopped strands, and woven fabrics

Jushi Group is one of the world’s largest manufacturers of fiberglass and a dominant player in the Asian market. The company operates state-of-the-art production facilities and has a significant global footprint, supplying raw materials for a multitude of GFRP applications.

Innovation & Sustainability Initiatives:

• Major investments in advanced, high-capacity production lines

• Focus on energy-efficient manufacturing processes

• Expanding product range for specialized applications like electronics and automotive

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8️⃣ 3. PPG Industries

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Fiberglass strands, yarns, and specialty reinforcements

PPG’s fiberglass business is a key supplier of reinforcements for thermoplastic and thermoset composites. Their products are critical in applications requiring high strength, durability, and dimensional stability, from automotive parts to industrial equipment.

Innovation & Sustainability Initiatives:

• Development of low-impurity glass fibers for enhanced composite performance

• Integration of digital tools for supply chain optimization

• Sustainability goals focused on reducing water and energy consumption

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7️⃣ 4. Nippon Sheet Glass (NSG) Group

Headquarters: Tokyo, Japan
Key Offering: Glass fiber reinforcements under the NEG (Nippon Electric Glass) brand

The NSG Group, through its NEG subsidiary, is a premier global supplier of high-quality glass fibers. The company is renowned for its technological expertise in producing fibers for demanding applications in electronics, construction, and automotive industries.

Innovation & Sustainability Initiatives:

• Leading R&D in ultra-fine glass fibers for electronics and filtration

• Commitment to developing eco-friendly products and processes

• Strong focus on high-value, specialized markets

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6️⃣ 5. Taishan Fiberglass Inc. (CTG)

Headquarters: Taian, Shandong, China
Key Offering: A comprehensive range of fiberglass products including rovings, mats, and fabrics

As a subsidiary of China National Building Material Group (CNBM), Taishan Fiberglass is a major force in the global fiberglass market. The company boasts massive production capacity and a robust distribution network, making it a key supplier for large-scale industrial applications.

Innovation & Sustainability Initiatives:

• Aggressive capacity expansion to meet growing global demand

• Investment in automation and smart manufacturing technologies

• Focus on cost-competitive production for high-volume markets

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5️⃣ 6. Johns Manville

Headquarters: Denver, Colorado, USA
Key Offering: Fiberglass reinforcements, engineered nonwovens, and composite materials

A Berkshire Hathaway company, Johns Manville is a leading manufacturer of insulation and building materials, with a strong portfolio of fiberglass reinforcements for composite applications. Their expertise lies in producing high-quality, consistent fibers for the construction and industrial sectors.

Innovation & Sustainability Initiatives:

• Development of proprietary fiber sizing technologies for improved resin compatibility

• Strong emphasis on product safety and environmental stewardship

• Expansion of product lines for infrastructure and pipe & tank applications

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4️⃣ 7. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Specialty resins and systems for GFRP composites

While not a fiber producer, BASF is a crucial player in the GFRP value chain as a leading supplier of the polymer matrices. The company offers a wide range of unsaturated polyester, epoxy, and vinyl ester resins that, when combined with glass fiber, create the final composite material.

Innovation & Sustainability Initiatives:

• Pioneering bio-based and recycled-content resins

• Development of low-VOC (Volatile Organic Compound) and fast-curing systems

• Comprehensive solutions for lightweight automotive and wind energy applications

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3️⃣ 8. Chongqing Polycomp International Corp. (CPIC)

Headquarters: Chongqing, China
Key Offering: Glass fiber roving, chopped strand mat, and multi-axial fabrics

CPIC is a globally recognized fiberglass manufacturer with a significant market share. The company is known for its vertically integrated operations and its focus on innovation, serving customers in wind energy, transportation, and electronics.

Innovation & Sustainability Initiatives:

• Extensive R&D in high-modulus and corrosion-resistant glass formulations

• Strategic global expansion of production facilities

• Implementation of advanced quality control and process optimization systems

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Global and Regional Glass Fiber Reinforced PlasticsMarket – View in Detailed Research Report

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2️⃣ 9. Nitto Boseki Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Specialty glass fibers, glass nonwovens, and fine yarns

Nitto Boseki is a Japanese specialty chemical and material company with a long history of innovation in glass fiber technology. They excel in producing high-performance, niche products for applications in electronics, aerospace, and advanced industrial sectors.

Innovation & Sustainability Initiatives:

• Expertise in ultra-thin glass fibers for printed circuit boards (PCBs)

• Development of environmentally friendly processing technologies

• Focus on high-purity materials for high-reliability applications

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1️⃣ 10. Binani 3B-The Fibreglass

Headquarters: Mumbai, India (Operations in Belgium)
Key Offering: Direct roving, chopped strands, and woven fabrics

Binani 3B is a key European producer of fiberglass reinforcements, known for its high-quality products and technical expertise. The company serves a global customer base with a focus on the wind energy, marine, and transportation industries.

Innovation & Sustainability Initiatives:

• Specialization in high-performance rovings for pultrusion and filament winding

• Commitment to sustainable manufacturing practices

• Strong technical support and customer collaboration for application development

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Global and Regional Glass Fiber Reinforced PlasticsMarket – View in Detailed Research Report

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🌍 Outlook: The Future of GFRP is Lightweight, Sustainable, and Smart

The Glass Fiber Reinforced Plastics market is experiencing a paradigm shift. While traditional applications continue to grow, the industry is increasingly driven by the demand for lightweighting, circular economy principles, and digital manufacturing. The companies leading the charge are investing heavily in new material technologies and sustainable production methods.

📈 Key Trends Shaping the Market:

• Explosive Growth in Wind Energy: Massive demand for longer, more durable wind turbine blades is a primary growth driver for advanced GFRP.

• Automotive Lightweighting: The transition to electric vehicles (EVs) is accelerating the use of GFRP to reduce weight and extend battery range.

• Sustainability and Recycling: Intensifying focus on developing recyclable thermoset composites and using bio-based resins.

• Digitalization and Automation: Adoption of Industry 4.0 technologies for smarter, more efficient composite manufacturing processes.

Read Full Report:
Global and Regional Glass Fiber Reinforced PlasticsMarket – View in Detailed Research Report

The companies profiled above are not just supplying materials; they are enabling the lightweight and sustainable transformation of multiple global industries, from energy and transportation to construction and infrastructure.