Frp Sheets And Panels Market
FRP Sheets & Panels Market Forecasts to 2032 - Global Analysis By Product (Corrugated FRP Panels, Plain FRP Sheets, Sandwich FRP Panels and Translucent FRP Panels), Resin Type, Fiber Type, Manufacturing Process, End User and By Geography
|
Years Covered |
2024-2032 |
|
Estimated Year Value (2025) |
US $1.4 BN |
|
Projected Year Value (2032) |
US $2.5 BN |
|
CAGR (2025-2032) |
9.0% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global FRP Sheets & Panels Market is accounted for $1.4 billion in 2025 and is expected to reach $2.5 billion by 2032 growing at a CAGR of 9.0% during the forecast period. FRP (Fiber-Reinforced Plastic) sheets and panels are composite materials made by reinforcing a plastic matrix—typically polyester, vinyl ester, or epoxy resin—with fiberglass. These materials are known for their high strength-to-weight ratio, corrosion resistance, and durability, making them ideal for use in construction, automotive, marine, and industrial applications. FRP sheets and panels are lightweight, easy to install, and require minimal maintenance. They offer excellent resistance to moisture, chemicals, and harsh environmental conditions. Commonly used as wall and ceiling coverings, protective linings, and structural components, FRP sheets and panels are a cost-effective solution for environments requiring strength and long-lasting performance.
According to the International Organization of Motor Vehicle Manufacturers (OICA), the worldwide automotive production in 2019 is about 91.78 million vehicles which declined by 5.2% compared to the previous year 2018.
Market Dynamics:
Driver:
Lightweight & High-Performance Requirements
The growing demand for lightweight and high-performance materials is positively impacting the FRP Sheets & Panels market. Industries such as automotive, aerospace, and construction are increasingly adopting FRP solutions due to their superior strength-to-weight ratio, corrosion resistance, and durability. These characteristics enable enhanced fuel efficiency, structural integrity, and longer service life, aligning with modern engineering and sustainability goals. As a result, manufacturers are innovating advanced FRP products to meet evolving performance standards, significantly boosting market growth and adoption globally.
Restraint:
High Initial Costs
High initial costs significantly hinder the growth of the FRP Sheets & Panels Market. The expensive raw materials, advanced manufacturing technologies, and specialized labor required for production raise the upfront investment, discouraging adoption—especially among small and medium enterprises. These costs make FRP products less competitive compared to traditional alternatives, thereby limiting market penetration and slowing down the rate of infrastructure and industrial applications, despite the long-term benefits FRP offers.
Opportunity:
Corrosion & Environmental Resistance
The corrosion and environmental resistance of FRP sheets and panels significantly boosts their demand across various industries. Their ability to withstand harsh chemicals, extreme temperatures, and moisture makes them ideal for applications in marine, construction, and industrial settings. Unlike traditional materials, FRP does not rust, rot, or degrade easily, leading to lower maintenance costs and longer service life. This durability enhances cost-effectiveness and sustainability, driving adoption and fueling growth in the FRP sheets and panels market globally.
Threat:
Lack of Technical Skill & Awareness
The lack of technical skill and awareness significantly hinders the FRP Sheets & Panels market by limiting proper installation, handling, and maintenance practices. This results in performance failures, reduced lifespan, and customer dissatisfaction, thereby discouraging adoption. Additionally, end-users and construction professionals often prefer traditional materials due to unfamiliarity with FRP benefits. This knowledge gap creates barriers to market penetration, especially in developing regions, ultimately slowing the overall growth of the FRP industry.
Covid-19 Impact
The COVID-19 pandemic destructively impacted the FRP Sheets & Panels market due to disruptions in global supply chains, labor shortages, and halted construction and industrial activities. Lockdowns and restrictions delayed infrastructure projects and reduced demand across key end-use sectors like transportation and building construction. However, as economies gradually reopened and industrial activities resumed, the market began to recover, supported by renewed infrastructure investments and growing demand for lightweight, durable materials.
The transportation segment is expected to be the largest during the forecast period
The transportation segment is expected to account for the largest market share during the forecast period, due to growing demand for lightweight, durable, and corrosion-resistant materials in automotive, rail, and aerospace industries. FRP sheets and panels enhance fuel efficiency, reduce vehicle weight, and improve performance, making them ideal for body panels, flooring, and structural components. With increasing emphasis on energy efficiency and emission reduction, manufacturers are adopting FRP solutions, thereby fueling market growth across commercial vehicles, passenger transport, and public transit applications.
The carbon fiber segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the carbon fiber segment is predicted to witness the highest growth rate, due to its exceptional strength-to-weight ratio, corrosion resistance, and durability. Carbon fiber-reinforced FRP sheets offer superior mechanical performance, making them ideal for aerospace, automotive, and construction applications. Their lightweight nature reduces structural weight while maintaining strength, leading to energy efficiency and cost savings. Increasing demand for high-performance materials in advanced industries continues to boost the adoption of carbon fiber-based FRP sheets and panels globally.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share due to rapid industrialization, expanding construction activities, and rising demand for lightweight, corrosion-resistant materials. Countries like China, India, and Japan are investing heavily in infrastructure and transportation, boosting the need for durable composite materials. Additionally, increasing awareness about sustainability and energy efficiency further fuels the adoption of FRP products across various sectors, including automotive, marine, and building construction, making Asia Pacific a key growth hub.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to demand for lightweight, durable, and corrosion-resistant materials across industries such as construction, automotive, and transportation. The region’s focus on infrastructure modernization and energy-efficient building materials is boosting adoption. Additionally, stringent environmental regulations and growing preference for low-maintenance alternatives to traditional materials are further driving market expansion. Technological advancements and rising investments in composite manufacturing are also contributing to the market's positive trajectory.
Key players in the market
Some of the key players profiled in the FRP Sheets & Panels Market include Crane Composites, Inc., Hill & Smith Holdings PLC, Röchling, Brianza USA Corporation, Captrad Ltd, Kal-Lite, Kalwall, Panolam Industries International, Inc., Redwood Plastics and Rubber, Strongwell Corporation, Tower Tech, Taizhou Zhongsheng FRP Co., Ltd, Plascore Incorporated, Poliya Composite Resins and Polymers Inc., Louisiana-Pacific Corporation, Vadyar Boats Pvt. Ltd. and Fibergrate Composite Structures.
Key Developments:
In June 2025, Strongwell (USA), announced a new European distributor agreement with Module Solutions & Systems AS (MSS) of Norway. The distribution agreement marks a strategic step in expanding Strongwell’s international footprint by providing improved access to Strongwell’s composite solutions across Europe and beyond.
In November 2021, Strongwell has launched STRONGIRT®, a pultruded, all?fiberglass FRP support system designed for continuous insulation cladding on commercial buildings. It's lightweight, thermally efficient, and offers superior corrosion resistance and pull?out strength compared to traditional metal systems.
Products Covered:
• Corrugated FRP Panels
• Plain FRP Sheets
• Sandwich FRP Panels
• Translucent FRP Panels
Resin Types Covered:
• Polyester
• Epoxy
• Vinyl Ester
• Polyurethane
• Other Resin Types
Fiber Types Covered:
• Glass Fiber
• Carbon Fiber
• Aramid Fiber
• Other Fiber Types
Manufacturing Processes Covered:
• Hand Lay-Up
• Spray-Up
• Compression Molding
• Resin Transfer Molding (RTM)
• Pultrusion
End Users Covered:
• Construction & Infrastructure
• Transportation
• Electrical & Electronics
• Aerospace & Defense
• Marine
• Industrial
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global FRP Sheets & Panels Market, By Product
5.1 Introduction
5.2 Corrugated FRP Panels
5.3 Plain FRP Sheets
5.4 Sandwich FRP Panels
5.5 Translucent FRP Panels
6 Global FRP Sheets & Panels Market, By Resin Type
6.1 Introduction
6.2 Polyester
6.3 Epoxy
6.4 Vinyl Ester
6.5 Polyurethane
6.6 Other Resin Types
7 Global FRP Sheets & Panels Market, By Fiber Type
7.1 Introduction
7.2 Glass Fiber
7.3 Carbon Fiber
7.4 Aramid Fiber
7.5 Other Fiber Types
8 Global FRP Sheets & Panels Market, By Manufacturing Process
8.1 Introduction
8.2 Hand Lay-Up
8.3 Spray-Up
8.4 Compression Molding
8.5 Resin Transfer Molding (RTM)
8.6 Pultrusion
9 Global FRP Sheets & Panels Market, By End User
9.1 Introduction
9.2 Construction & Infrastructure
9.3 Transportation
9.4 Electrical & Electronics
9.5 Aerospace & Defense
9.6 Marine
9.7 Industrial
9.9 Other End Users
10 Global FRP Sheets & Panels Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Crane Composites, Inc.
12.2 Hill & Smith Holdings PLC
12.3 Röchling
12.4 Brianza USA Corporation
12.5 Captrad Ltd
12.6 Kal-Lite
12.7 Kalwall
12.8 Panolam Industries International, Inc.
12.9 Redwood Plastics and Rubber
12.10 Strongwell Corporation
12.11 Tower Tech
12.12 Taizhou Zhongsheng FRP Co., Ltd
12.13 Plascore Incorporated
12.14 Poliya Composite Resins and Polymers Inc.
12.15 Louisiana-Pacific Corporation
12.16 Vadyar Boats Pvt. Ltd.
12.17 Fibergrate Composite Structures
List of Tables
1 Global FRP Sheets & Panels Market Outlook, By Region (2024-2032) ($MN)
2 Global FRP Sheets & Panels Market Outlook, By Product (2024-2032) ($MN)
3 Global FRP Sheets & Panels Market Outlook, By Corrugated FRP Panels (2024-2032) ($MN)
4 Global FRP Sheets & Panels Market Outlook, By Plain FRP Sheets (2024-2032) ($MN)
5 Global FRP Sheets & Panels Market Outlook, By Sandwich FRP Panels (2024-2032) ($MN)
6 Global FRP Sheets & Panels Market Outlook, By Translucent FRP Panels (2024-2032) ($MN)
7 Global FRP Sheets & Panels Market Outlook, By Resin Type (2024-2032) ($MN)
8 Global FRP Sheets & Panels Market Outlook, By Polyester (2024-2032) ($MN)
9 Global FRP Sheets & Panels Market Outlook, By Epoxy (2024-2032) ($MN)
10 Global FRP Sheets & Panels Market Outlook, By Vinyl Ester (2024-2032) ($MN)
11 Global FRP Sheets & Panels Market Outlook, By Polyurethane (2024-2032) ($MN)
12 Global FRP Sheets & Panels Market Outlook, By Other Resin Types (2024-2032) ($MN)
13 Global FRP Sheets & Panels Market Outlook, By Fiber Type (2024-2032) ($MN)
14 Global FRP Sheets & Panels Market Outlook, By Glass Fiber (2024-2032) ($MN)
15 Global FRP Sheets & Panels Market Outlook, By Carbon Fiber (2024-2032) ($MN)
16 Global FRP Sheets & Panels Market Outlook, By Aramid Fiber (2024-2032) ($MN)
17 Global FRP Sheets & Panels Market Outlook, By Other Fiber Types (2024-2032) ($MN)
18 Global FRP Sheets & Panels Market Outlook, By Manufacturing Process (2024-2032) ($MN)
19 Global FRP Sheets & Panels Market Outlook, By Hand Lay-Up (2024-2032) ($MN)
20 Global FRP Sheets & Panels Market Outlook, By Spray-Up (2024-2032) ($MN)
21 Global FRP Sheets & Panels Market Outlook, By Compression Molding (2024-2032) ($MN)
22 Global FRP Sheets & Panels Market Outlook, By Resin Transfer Molding (RTM) (2024-2032) ($MN)
23 Global FRP Sheets & Panels Market Outlook, By Pultrusion (2024-2032) ($MN)
24 Global FRP Sheets & Panels Market Outlook, By End User (2024-2032) ($MN)
25 Global FRP Sheets & Panels Market Outlook, By Construction & Infrastructure (2024-2032) ($MN)
26 Global FRP Sheets & Panels Market Outlook, By Transportation (2024-2032) ($MN)
27 Global FRP Sheets & Panels Market Outlook, By Electrical & Electronics (2024-2032) ($MN)
28 Global FRP Sheets & Panels Market Outlook, By Aerospace & Defense (2024-2032) ($MN)
29 Global FRP Sheets & Panels Market Outlook, By Marine (2024-2032) ($MN)
30 Global FRP Sheets & Panels Market Outlook, By Industrial (2024-2032) ($MN)
31 Global FRP Sheets & Panels Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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