Forecast of Global Fiber Reinforced Plastics (FRP) Market 2024

Fiber Reinforced Plastics (FRP) market is expected to grow at a CAGR of roughly 3.0% over the next five years, will reach 38.2 Billion USD in 2024, from 31.9 Billion USD in 2019. Fiber reinforced plastic (FRP), also known as fiber reinforced polymer, is in fact a composite material constituting a polymer matrix blended with certain reinforcing materials, such as fibers. The fibers are generally glass, carbon, aramid and so on.