Summary
The market is segmented into Construction industry of GFRP Industry (Construction and Others [which includes Aerospace, Maritime, Home Durables etc.]
Market Overview
UAE GFRP Market Overview
The UAE GFRP (Glass Fiber Reinforced Plastic) market was valued at USD 88.9 million in 2018 and expanded to USD 127.5 million by 2023, registering a CAGR of 7.5% during the period. Growth has been supported by government initiatives and investments in construction and infrastructure, particularly under programs such as UAE Vision 2021, which have created a favorable environment for the GRP industry. Additionally, increasing R&D activities, the development of a startup ecosystem, and the integration of AI in government services to enhance digital solutions have further benefited the market. Looking ahead, the UAE GFRP market is projected to reach USD 182.3 million by 2028, growing at a CAGR of 7.4% over the forecast period. Key players operating in the market include Fiberzone Dubai LLC, Maatenbar, Dextra, and MRG Composites, which continue to play a significant role in driving product innovation and market expansion.
UAE GFRP Market Definition
UAE GFRP Market: GFRP Market in the UAE region is defined as the total value and volume of GFRP (Glass Fiber Reinforced Polymer) Products sold in the UAE, regardless of their origin. This includes both domestically manufactured GFRP Products and the imported GFRP Products.
Taxonomy
UAE GFRP Market Ecosystem
UAE GFRP Market Size (Value in USD Mn), 2018-2023
The UAE GFRP (Glass Fiber Reinforced Plastic) market was valued at USD 88.9 million in 2018 and expanded to USD 127.5 million by 2023, registering a CAGR of 7.5% over the period. Market growth has been strongly supported by large-scale infrastructure developments, notably the Dubai International Airport expansion, where GFRP is being utilized for lightweight and high-durability structural components such as beams and columns capable of withstanding harsh desert conditions. Additionally, the increasing adoption of GFRP in home décor and advanced building designs to enable complex architectural structures is further driving market expansion across the UAE.
UAE GFRP Market Analysis
UAE GFRP Market Segmentation, 2023
Segmentation by Construction Industry of GFRP Industry by Value (USD Million), 2023
Based on application, the UAE GFRP market is segmented into construction and other industries. Out of the total market size of USD 127.5 million in 2023, the construction sector accounted for around 17% of overall demand, while other industries contributed the remaining 83%. The non-construction segment includes applications across aerospace, maritime, home durables, and related industries. Market growth has been supported by government-led infrastructure initiatives, such as UAE Vision 2021, which have created a favorable environment for the GRP industry. Increased R&D spending, the development of a startup ecosystem, and the integration of AI in government services to enhance digital solutions have further benefited the market. Within construction, the UAE is increasingly adopting GFRP composites—particularly GFRP rebar—due to their lightweight nature, high strength, and superior corrosion resistance, aligning with the country’s focus on durable and innovative building materials.
UAE GFRP Future Market Outlook
The UAE GFRP market was valued at USD 127.5 million in 2023 and is projected to reach USD 182.3 million by 2028, growing at a CAGR of 7.4% over the forecast period. Future growth is expected to be driven by rising demand for GFRP rebars in wet and coastal regions, where corrosion resistance is critical for construction durability. Cities located near coastlines are increasingly adopting GFRP rebars to mitigate corrosion-related structural degradation. Additionally, the increased use of GFRP-reinforced concrete to create corrosion-resistant foundations is gaining traction, supporting the development of long-lasting and sustainable infrastructure across the UAE construction sector.
UAE GFRP Market Company Profile
| Company Name | Establishment year | Description |
|---|---|---|
Fiberzone Dubai LLC | NA | Fiberzone LLC is a company based in Dubai, United Arab Emirates, specializing in the production and supply of composite products, primarily fiberglass-reinforced plastic (FRP/GRP) and glass-fiber-reinforced concrete (GRC/GFRC). |
MRG Composites | 1983 | Mateenbar specializes in producing Glass Fibre Reinforced Polymer (GFRP) rebars, recognized for high tensile strength and lightweight properties, being 2 times stronger and 4 times lighter than iron bars. |
Mateenbar | 1983 | Mateenbar specializes in producing Glass Fibre Reinforced Polymer (GFRP) rebars, recognized for high tensile strength and lightweight properties, being 2 times stronger and 4 times lighter than iron bars. |
ARC Insulations | 2003 | ARC Insulations is a company based in West Bengal, India, specializing in the production of innovative fiberglass and advanced composite products for industrial and commercial applications. |
UAE GFRP Market Macroeconomic Indicators
In 2023, the UAE GDP is valued at USD 457.4 Bn with an inflation rate of 3.2 %. Compared to 2022, the Inflation rate of the country has decreased from 5.0% to 3.2%.
In 2023, the total population of UAE was 9.5 million compared to 9.4 million in 2022.
In 2022, the approximately rural population of the country was 12.40% compared to 87.60% of the urban population.
In 2023, the GDP per capita income of the UAE Stands at USD 50602 compared to USD 45591 in 2028.
Frequently Asked Questions (FAQs)
Find quick answers to common questions about the UAE GFRP Market