Glass Fiber Reinforced Plastic (GFRP) Composite Material Market Size and Analysis till 2031

MARKET INTRODUCTION

Glass fiber reinforced plastic (GFRP), commonly known as fiberglass, is a synthetic amalgamated material made up of plastic and extremely fine glass fibers. It is the largest segment in the composite industry. GFRP composite material is a relatively low-cost composite material as compared to carbon and other metal fiber composites. This synthetic composite material demands its high strength, light weight, and corrosion resistance quality.

MARKET DYNAMICS

The glass fiber reinforced plastic (GFRP) composite material market has witnessed significant growth due to increase in demand for lightweight fiberglass composite in the automotive industry. Moreover, the rise in demand for diverse blade sizes in wind energy industry and infrastructure development in the construction industry provide a huge market opportunity for the key players operating in the glass fiber reinforced plastic (GFRP) composite material market. However, rising price, competition from carbon fiber and changing regulations are projected to hamper the overall growth of the glass fiber reinforced plastic (GFRP) composite material market.

MARKET SCOPE

The "Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market Analysis to 2031" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the glass fiber reinforced plastic (GFRP) composite material market with detailed market segmentation product, manufacturing processes, and geography. The global glass fiber reinforced plastic (GFRP) composite material market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading glass fiber reinforced plastic (GFRP) composite material market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global glass fiber reinforced plastic (GFRP) composite material market is segmented on the basis of product and manufacturing processes. On the basis of product, the global glass fiber reinforced plastic (GFRP) composite material market is divided into S- glass, C-glass, E-glass and Other glass. On the basis of manufacturing processes, the global glass fiber reinforced plastic (GFRP) composite material market is divided into sheet molding process, bulk molding process, continuous processing, spray- up process, hand lay- up process, gmt and lfrt process, resin transfer molding process and other processes.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global glass fiber reinforced plastic (GFRP) composite material market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The glass fiber reinforced plastic (GFRP) composite material market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the glass fiber reinforced plastic (GFRP) composite material market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the glass fiber reinforced plastic (GFRP) composite material market in these regions.

MARKET PLAYERS

The reports cover key developments in the glass fiber reinforced plastic (GFRP) composite material market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from glass fiber reinforced plastic (GFRP) composite material market is anticipated to lucrative growth opportunities in the future with the rising demand for glass fiber reinforced plastic (GFRP) composite material in the global market. Below mentioned is the list of few companies engaged in the glass fiber reinforced plastic (GFRP) composite material market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the glass fiber reinforced plastic (GFRP) composite material market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   3b-The Fibreglass Company
  
•   Advanced Glassfiber Yarns (Agy) Llc
  
•   Changzhou Pengyu Frp Pressure Vessel Co., Ltd.
  
•   Delkom Group
  
•   Gradeall International Limited
  
•   Jushi Group Co. Ltd.
  
•   Nitto Boseki Co. Ltd.
  
•   Ppg Industries Inc.
  
•   Saint-Gobain Vetrotex
  
•   Taiwan Glass Ind Corp.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Glass Fiber Reinforced Plastic (GFRP) Composite Material Report Scope