A new research study from “Data Bridge Market Research” with title Glass Fiber-reinforced Plastics (GFRP) Market Insights 2019, Global Analysis and Forecast to 2026 provides an in-depth assessment of the Glass Fiber-reinforced Plastics including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. Key players profiled in this report 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.
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.
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Segmentation: Global Glass Fiber-reinforced Plastics (GFRP) Market
Global Glass Fiber-reinforced Plastics (GFRP) Market By Resin Type (Polyester, Vinyl Ester, Epoxy, Polyurethane, Thermoplastic, Others)
End- User (Wind Energy, Electrical & Electronics, Transportation, Pipes & Tanks, Construction & Infrastructure, Marine, Aerospace & Defense, Other End-Use Industries)
Manufacturing Process (Compression & Injection Molding Process, Layup, Filament Winding, Pultrusion, Resin Transfer Molding (RTM), Other Manufacturing Processes)
Process (Manual, Continuous, Compression Molding, Injection Molding)
Form (Rebar, Powder, Sheet, Panel, Rolls, Others)
Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
- 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
- High production cost is restraining the growth of this market
- Increasing recyclability issue is another factor restraining the market growth
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Key Developments in the Market:
- In February 2019, SABIC announced the launch of their Stamax Stadeck which is specially designed for building and construction market. They are lighter than the wooden planks and have high durability. They are constructed in such a way that these panels can stay outdoors for long periods without rotting or corroding. They are very suitable for fencing, sheathing, decking, wheel chair ramps among others
- In July 2017, Owens Corning Infrastructure Solutions announced that they have acquired Aslan FRP. This acquisition will help the company to expand themselves globally and to add new products and solutions through which they can upgrade the performance of concrete structures. It is lighter-weight and is more corrosion-resistant than conventional steel reinforcements
Global glass fiber-reinforced plastics (GFRP) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of glass fiber-reinforced plastics (GFRP) market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Some of the key questions answered in this report:
- Detailed Overview of Global glass fiber-reinforced plastics (GFRP) market helps deliver clients and businesses making strategies.
- Influential factors that are thriving demand and constraints in the market.
- What is the market concentration? Is it fragmented or highly concentrated?
- What trends, challenges and barriers will impact the development and sizing of Global glass fiber-reinforced plastics (GFRP) market?
- SWOT Analysis of each key players mentioned along with its company profile with the help of Porter’s five forces tool mechanism to compliment the same.
- What growth momentum or acceleration market carries during the forecast period?
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