Glass Fiber-reinforced Plastics (GFRP) Market is Projected to Register a substantial CAGR of 6.70% in the Forecast to 2026: BGF Industries, Nitto Boseki Co, PFG FIBER GLASS CORPORATION, Celanese Corporation

Global Glass Fiber-reinforced Plastics (GFRP) Market

Global Glass Fiber-reinforced Plastics (GFRP) market is expected to rise from its initial estimated value by registering a substantial CAGR of 6.70% in the forecast period of 2019-2026. Rising installation of wind energy capacity is the major factor for the growth of this market.

This Glass Fiber-reinforced Plastics report comprehensively analyzes the potential of the market in the present and the future prospects from various corners. Moreover, the report comprises of company profile, product specifications, production value, market shares and contact information of manufacturers or companies. Key players are taking actions such as developments, product launches, acquisitions, mergers, joint ventures and competitive analysis in the Chemical and Material industry. It also conducts wide-ranging study about different market segments and regions. The market report also discovers the emerging trends along with major drivers, challenges and opportunities in the market.

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Major Market Competitors/Players are:

Owens Corning, JEC Group, PPG Industries, Inc., Johns Manville, Saint-Gobain, AGY, Nippon Sheet Glass Co., Ltd, ASAHI FIBER GLASS Co., Ltd., Braj Binani Group, BGF Industries, Inc., Nitto Boseki Co., Ltd, PFG FIBER GLASS CORPORATION, Celanese Corporation, SAERTEX GmbH & Co. KG, Reliance Industries Limited, Denka Company Limited, RTP Company, Reinforced Plastic Industries, Aeron Composite Pvt. Ltd, FIBREX and  others.

Market Definition:

Glass fiber-reinforced plastics (GFRP) are produced by the fiber glass and are used widely in commercial and industrial applications due to their lightweight and durability. They usually have high tensile strength and flexibility as compared to the metals. These materials are widely used in industries like aerospace, construction, automotive, marine, electrical and others. They are also used to create various types of the composite materials.

Market Drivers:

  • Rising construction activities in developing countries is driving the growth of this market
  • Increasing demand of GFRP in transportation industry is another factor driving the market growth
  • Growing number of wind energy capacity installations will drive the market growth
  • Rising usage of GFRP composite pipes in sewage & water management will also accelerate the growth of the market

Market Restraints:

  • High production cost is restraining the growth of this market
  • Increasing recyclability issue is another factor restraining the market growth

Table of Contents:

  1. Introduction
  2. Market Segmentation
  3. Market Overview
  4. Executive Summary
  5. Premium Insights
  6. Global, By Component
  7. Product Type
  8. Delivery
  9. Industry Type
  10. Geography
  11. Company Landscape
  12. Company Profiles
  13. Related Reports

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This market report also forecasts the size of the market with information on key vendor revenues, development of the industry by upstream & downstream, industry progress, key companies, along with type segment and market application. While generating market research report, customer satisfaction is always kept on the utmost priority which makes clients rely confidently. A competent data and brilliant forecasting techniques used in this report are synonymous with accurateness and correctness. The report surely offers a great motivation to businesses to seek new business ventures and evolve better.

Market Segmentation: 

By Resin Type (Polyester, Vinyl Ester, Epoxy, Polyurethane, Thermoplastic, Others)

By End- User (Wind Energy, Electrical & Electronics, Transportation, Pipes & Tanks, Construction & Infrastructure, Marine, Aerospace & Defense, Other End-Use Industries)

By Manufacturing Process (Compression & Injection Molding Process, Layup, Filament Winding, Pultrusion, Resin Transfer Molding (RTM), Other Manufacturing Processes)

By Process (Manual, Continuous, Compression Molding, Injection Molding)

By Form (Rebar, Powder, Sheet, Panel, Rolls, Others)

By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Reasons to Purchase this Report:

  • Current and future of Global Glass Fiber-reinforced Plastics Market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Competitive Analysis:

The cell signaling market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cell signaling market for global, Europe, North America, Asia Pacific and South America.

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