Press Release

Persistence Market Research recently published a market study that provides analytical insights related to the overall prospects of the Glass Fiber Reinforced Plastic (GFRP) Composite Material Market during the forecast period 2017 – 2025. The report aims to assist business players, stakeholders, and investors to improve their standing in the current market landscape and gain a competitive edge over their competitors. The presented study evaluates the major trends, opportunities, drivers, and challenges that are expected to impact the growth of the Glass Fiber Reinforced Plastic (GFRP) Composite Material Market in the upcoming years.

The report reveals that the Glass Fiber Reinforced Plastic (GFRP) Composite Material Market is expected to register a CAGR growth of ~XX% during the forecast period and surpass the value of ~US$XX by the end of 2017 – 2025. Some of the leading factors that are expected to drive the growth of the market include, rising investments for research and development, the advent of cutting-edge technology, and favorable government policies in certain regions.

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Essential Findings of the Report:

  • Most effective marketing and distribution channels adopted by market players
  • Market attractiveness of various regional markets
  • Trends influencing the current dynamics of the Glass Fiber Reinforced Plastic (GFRP) Composite Material Market
  • Growth prospects of various market segments
  • Leading market players in the Glass Fiber Reinforced Plastic (GFRP) Composite Material Market

The data enclosed in the report such as the Year-on-Year (Y-o-Y) market growth, supply chain analysis, value chain analysis and more will enable readers to assess the quantitative aspects of the Glass Fiber Reinforced Plastic (GFRP) Composite Material Market with clarity. The presented study is a vital asset for stakeholders, investors, and market players involved in the Glass Fiber Reinforced Plastic (GFRP) Composite Material Market who can leverage the information in the report to develop effective business strategies.

Get Access To TOC Covering 200+ Topics at https://www.persistencemarketresearch.co/toc/16870

key players in this market space have their inbuilt research and development departments.

Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market: Drivers & Restraints

An increase in demand for lightweight fiberglass composite in the automotive industry, rise in demand for diverse blade sizes in wind energy industry and infrastructure development in the construction industry are the leading factors behind GFRP market growth worldwide. GFRP composite material can be customized easily as it is versatile and profitable during its manufacturing. This property holds significant growth opportunity in the construction industry.  Qualities like durability, thermal efficiency, and strength of fiberglass are attracting its end users. 

To meet increasing demand of GFRP composite market, GFRP composite material manufacturer has to face challenges such as availability of raw material, rising price, competition from carbon fiber and changing regulations.

Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market: Segmentation

The GFRP composite material market is segmented as per its products, manufacturing processes, end users and geographical use.

On the basis of products, the GFRP composite material market is segmented into:

  • S- glass
  • C-glass
  • E-glass
  • Other glass

On the basis of manufacturing processes, the GFRP composite material market is segmented into:

  • Sheet molding process
  • Bulk molding process
  • Continuous processing
  • Spray- up process
  • Hand lay- up process
  • GMT and LFRT process
  • Resin transfer molding process
  • Other processes

On the basis of GFRP end users, the GFRP composite material market is segmented into:

  • Transportation sector
  • Construction and Infrastructure sector
  • Consumer goods sector
  • Electrical and electronic sector
  • Marine and other sectors

Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market: Regional Outlook

Based on the geographies, Glass fiber reinforced plastic (GFRP) composite material market is segmented into seven regions — North America GFRP composite material market, Latin America GFRP composite material market, Eastern Europe GFRP composite material market, Western Europe GFRP composite material market, APEJ GFRP composite material market, Japan GFRP composite material market and the Middle East & Africa GFRP composite material market. Among the regions mentioned above, countries such as India, China, Thailand, Vietnam are the developing countries focusing on their infrastructure development that includes new construction, renovation, and repair of the commercial, residential and institutional region. Therefore, Asia Pacific (excluding Japan) along is leading GFRP composite material market space.  Followed by North America in transportation sector use.  Eastern and Western Europe are more active in research and development activities for developing high quality performing GFRP composite material products. Country wise China emerged as the largest producer, supplier and product consumer for GFRP products, followed by other developing countries like India and Brazil.

Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market Players

Some of the market players accounting for global (GFRP) composite material market includes Delkom Group, Advanced Glassfiber Yarns (Agy) Llc, Nitto Boseki Co. Ltd., Saint-Gobain Vetrotex, Jushi Group Co. Ltd., Taiwan Glass Ind Corp., Binani 3b-The Fibreglass Company, Ppg Industries Inc., Gradeall International Limited, Changzhou Pengyu Frp Pressure Vessel Co., Ltd. Among listed above players, key vendors identified in this market space are Asahi Glass, Jushi Group, China Beihai Fiberglass, Saint-Gobain, PPG and Nippon Electric Glass. 

The report clarifies the following doubts related to the Glass Fiber Reinforced Plastic (GFRP) Composite Material Market:

  • Which region offers promising growth opportunities in the Glass Fiber Reinforced Plastic (GFRP) Composite Material Market during the forecast period 2017 – 2025?
  • How can new market players establish their presence in the Glass Fiber Reinforced Plastic (GFRP) Composite Material Market?
  • What is the impact of technology on the Glass Fiber Reinforced Plastic (GFRP) Composite Material Market?
  • What is the estimated value of the Glass Fiber Reinforced Plastic (GFRP) Composite Material Market in 2019?
  • What are the factors that could impede the growth of the Glass Fiber Reinforced Plastic (GFRP) Composite Material Market?

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