The Glass Fiber Reinforced Plastics Composites Market is expected to register a CAGR of 9% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Polyesters, Vinyl Esters, Polyurethane). The global analysis is further broken-down at regional level and major countries. The report further presents analysis based on Application (Wind Energy, Automobile, Marine, Pipe and Tanks, Aerospace, Others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Glass Fiber Reinforced Plastics Composites Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Glass Fiber Reinforced Plastics Composites Market Segmentation
Type- Polyesters
- Vinyl Esters
- Polyurethane
- Wind Energy
- Automobile
- Marine
- Pipe and Tanks
- Aerospace
- Others
Strategic Insights
Glass Fiber Reinforced Plastics Composites Market Growth Drivers- Rising Adoption of GFRP in Automotive and Aerospace Industries: Due to their light-weight and strong properties, GFRP composites are widely incorporated into automotive and aerospace industries. Among them, the automobile industry has been adapting a trend for the production of low weight vehicles to enhance their fuel efficiency as well as complying with stringent production laws, thereby boosting the need for GFRP in vehicle components such as body panels, internal fittings, and structural partsd.
- Growth in GFRP Usage for Wind Energy Applications: The growing popularity of GFRP composite materials, especially in the production of wind turbines, is yet another factor propelling their design and usage. Wind energy is increasingly in high demand especially in the recent change towards GFRP systems which are lightweight, strong and resistant to corrosion making them suitable for turbine blades and other machineries used in wind energy systems.
- GFRP's Durability in Harsh Environments: GFRP composites are extremely tough and non-corrosive, which is why they can be used in marine and other infrastructure or chemical related industries that have harsh conditions.
- Electric Vehicles (EVs) Driving GFRP Composites Market Growth: The proliferation of electric vehicles (EVs) will be one of the main factors that will impact the future prospects of the GFRP composites market. GFRP composites are also used for the structural components of the vehicle so as to prevent any unnecessary increase in the weight of the automobile thereby improving the energetic efficiency and the battery range. As manufacturers shift their attention more to electric mobility and flight weight, the market for GFRP composites used in EVs and other automobile applications will rise fairly quickly.
- Recycling and Sustainability Enhancing GFRP Composites: The factors of recycling and sustainability are also receiving quite a lot of attention from companies which manufacture composites. The intention to improve the environment where GFRP is produced and used is likely to result from developments in the acute reprocessing technology, which will allow GFRP to be made in a way that is more cost-efficient by recovering fibers and resins. Since environmental concern is steadily on the increase, GFRP composites which are easy to reclaim or furnish a better use apart from their original still application will be embraced more by the different industries.
- Green Energy Demand Boosting GFRP in Wind Energy: The future scenario for GFRP markets is also linked with the increase in the use of green energy sources, concentrating on wind energy in particular. It has become common use of GFRP for wind turbine blades because of its light weight, high strength and resistance to corrosion. With the increase in the demand for renewable energy, GFRP will be useful in the production of more efficient wind turbines as well as more robust and stronger materials used for wind turbines.
- GFRP in the Automotive Industry: As the automotive industry shifts towards electric and hybrid vehicles, there is a rising demand for lightweight, durable materials like GFRP to improve vehicle performance and range. The growing need to reduce vehicle weight for better energy efficiency will continue to drive the adoption of GFRP in the automotive sector, particularly for body panels and structural components.
- GFRP in Renewable Energy: With the global push for renewable energy, particularly wind power, GFRP composites are increasingly being used to manufacture wind turbine blades. GFRP’s strength-to-weight ratio and resistance to corrosion make it an ideal material for these applications. The expansion of wind energy infrastructure worldwide provides significant opportunities for GFRP manufacturers in the energy sector.
- GFRP in Infrastructure Applications: GFRP composites are gaining traction in infrastructure applications, particularly in the construction of bridges, roads, and buildings. Their resistance to corrosion, high strength, and longevity are ideal for use in structures exposed to harsh environmental conditions. As the need for durable and low-maintenance infrastructure grows, GFRP will likely see expanded use in public and commercial works.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Glass Fiber Reinforced Plastics Composites Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Glass Fiber Reinforced Plastics Composites Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Increasing automotive electrification and lightweighting is expected to be the key market trends
Based on geography, Asia Pacific held the largest share of the glass fiber reinforced plastics composites market due to the well-established automotive industry across the region, coupled with continuous growth and development
Based on type, the polyurethane segment is expected to witness the fastest growth during the forecast period
Growing demand for lightweight materials in the automotive and aerospace industries is driving the market growth
Owens Corning
; Teijin Limited
; Jushi Group Co., Ltd.
; PPG Industries, Inc.
; Johns Manville
; Chomarat
; SABIC
; BASF SE
; Lonza Group
; Huntsman Corporation
; SGL Carbon
; Mitsubishi Chemical Corporation
; 3M Company
; Solvay
; Hexcel Corporation
The Glass Fiber Reinforced Plastics Composites Market is estimated to witness a CAGR of 9% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Glass Fiber Reinforced Plastics Composites Market - By Type
1.3.2 Glass Fiber Reinforced Plastics Composites Market - By Process
1.3.3 Glass Fiber Reinforced Plastics Composites Market - By Application
1.3.4 Glass Fiber Reinforced Plastics Composites Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GLASS FIBER REINFORCED PLASTICS COMPOSITES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. GLASS FIBER REINFORCED PLASTICS COMPOSITES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. GLASS FIBER REINFORCED PLASTICS COMPOSITES MARKET - GLOBAL MARKET ANALYSIS
6.1. GLASS FIBER REINFORCED PLASTICS COMPOSITES - GLOBAL MARKET OVERVIEW
6.2. GLASS FIBER REINFORCED PLASTICS COMPOSITES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GLASS FIBER REINFORCED PLASTICS COMPOSITES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. POLYESTERS
7.3.1. Overview
7.3.2. Polyesters Market Forecast and Analysis
7.4. VINYL ESTERS
7.4.1. Overview
7.4.2. Vinyl Esters Market Forecast and Analysis
7.5. POLYURETHANE
7.5.1. Overview
7.5.2. Polyurethane Market Forecast and Analysis
8. GLASS FIBER REINFORCED PLASTICS COMPOSITES MARKET - REVENUE AND FORECASTS TO 2028 - PROCESS
8.1. OVERVIEW
8.2. PROCESS MARKET FORECASTS AND ANALYSIS
8.3. MANUAL
8.3.1. Overview
8.3.2. Manual Market Forecast and Analysis
8.4. CONTINUOUS
8.4.1. Overview
8.4.2. Continuous Market Forecast and Analysis
8.5. COMPRESSION MOLDING
8.5.1. Overview
8.5.2. Compression Molding Market Forecast and Analysis
8.6. INJECTION MOLDING
8.6.1. Overview
8.6.2. Injection Molding Market Forecast and Analysis
9. GLASS FIBER REINFORCED PLASTICS COMPOSITES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. WIND ENERGY
9.3.1. Overview
9.3.2. Wind Energy Market Forecast and Analysis
9.4. AUTOMOBILE
9.4.1. Overview
9.4.2. Automobile Market Forecast and Analysis
9.5. MARINE
9.5.1. Overview
9.5.2. Marine Market Forecast and Analysis
9.6. PIPE AND TANKS
9.6.1. Overview
9.6.2. Pipe and Tanks Market Forecast and Analysis
9.7. AEROSPACE
9.7.1. Overview
9.7.2. Aerospace Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. GLASS FIBER REINFORCED PLASTICS COMPOSITES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Glass Fiber Reinforced Plastics Composites Market Overview
10.1.2 North America Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis
10.1.3 North America Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Type
10.1.4 North America Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Process
10.1.5 North America Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Application
10.1.6 North America Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Countries
10.1.6.1 United States Glass Fiber Reinforced Plastics Composites Market
10.1.6.1.1 United States Glass Fiber Reinforced Plastics Composites Market by Type
10.1.6.1.2 United States Glass Fiber Reinforced Plastics Composites Market by Process
10.1.6.1.3 United States Glass Fiber Reinforced Plastics Composites Market by Application
10.1.6.2 Canada Glass Fiber Reinforced Plastics Composites Market
10.1.6.2.1 Canada Glass Fiber Reinforced Plastics Composites Market by Type
10.1.6.2.2 Canada Glass Fiber Reinforced Plastics Composites Market by Process
10.1.6.2.3 Canada Glass Fiber Reinforced Plastics Composites Market by Application
10.1.6.3 Mexico Glass Fiber Reinforced Plastics Composites Market
10.1.6.3.1 Mexico Glass Fiber Reinforced Plastics Composites Market by Type
10.1.6.3.2 Mexico Glass Fiber Reinforced Plastics Composites Market by Process
10.1.6.3.3 Mexico Glass Fiber Reinforced Plastics Composites Market by Application
10.2. EUROPE
10.2.1 Europe Glass Fiber Reinforced Plastics Composites Market Overview
10.2.2 Europe Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis
10.2.3 Europe Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Type
10.2.4 Europe Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Process
10.2.5 Europe Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Application
10.2.6 Europe Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Glass Fiber Reinforced Plastics Composites Market
10.2.6.1.1 Germany Glass Fiber Reinforced Plastics Composites Market by Type
10.2.6.1.2 Germany Glass Fiber Reinforced Plastics Composites Market by Process
10.2.6.1.3 Germany Glass Fiber Reinforced Plastics Composites Market by Application
10.2.6.2 France Glass Fiber Reinforced Plastics Composites Market
10.2.6.2.1 France Glass Fiber Reinforced Plastics Composites Market by Type
10.2.6.2.2 France Glass Fiber Reinforced Plastics Composites Market by Process
10.2.6.2.3 France Glass Fiber Reinforced Plastics Composites Market by Application
10.2.6.3 Italy Glass Fiber Reinforced Plastics Composites Market
10.2.6.3.1 Italy Glass Fiber Reinforced Plastics Composites Market by Type
10.2.6.3.2 Italy Glass Fiber Reinforced Plastics Composites Market by Process
10.2.6.3.3 Italy Glass Fiber Reinforced Plastics Composites Market by Application
10.2.6.4 United Kingdom Glass Fiber Reinforced Plastics Composites Market
10.2.6.4.1 United Kingdom Glass Fiber Reinforced Plastics Composites Market by Type
10.2.6.4.2 United Kingdom Glass Fiber Reinforced Plastics Composites Market by Process
10.2.6.4.3 United Kingdom Glass Fiber Reinforced Plastics Composites Market by Application
10.2.6.5 Russia Glass Fiber Reinforced Plastics Composites Market
10.2.6.5.1 Russia Glass Fiber Reinforced Plastics Composites Market by Type
10.2.6.5.2 Russia Glass Fiber Reinforced Plastics Composites Market by Process
10.2.6.5.3 Russia Glass Fiber Reinforced Plastics Composites Market by Application
10.2.6.6 Rest of Europe Glass Fiber Reinforced Plastics Composites Market
10.2.6.6.1 Rest of Europe Glass Fiber Reinforced Plastics Composites Market by Type
10.2.6.6.2 Rest of Europe Glass Fiber Reinforced Plastics Composites Market by Process
10.2.6.6.3 Rest of Europe Glass Fiber Reinforced Plastics Composites Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Glass Fiber Reinforced Plastics Composites Market Overview
10.3.2 Asia-Pacific Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis
10.3.3 Asia-Pacific Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Process
10.3.5 Asia-Pacific Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Glass Fiber Reinforced Plastics Composites Market
10.3.6.1.1 Australia Glass Fiber Reinforced Plastics Composites Market by Type
10.3.6.1.2 Australia Glass Fiber Reinforced Plastics Composites Market by Process
10.3.6.1.3 Australia Glass Fiber Reinforced Plastics Composites Market by Application
10.3.6.2 China Glass Fiber Reinforced Plastics Composites Market
10.3.6.2.1 China Glass Fiber Reinforced Plastics Composites Market by Type
10.3.6.2.2 China Glass Fiber Reinforced Plastics Composites Market by Process
10.3.6.2.3 China Glass Fiber Reinforced Plastics Composites Market by Application
10.3.6.3 India Glass Fiber Reinforced Plastics Composites Market
10.3.6.3.1 India Glass Fiber Reinforced Plastics Composites Market by Type
10.3.6.3.2 India Glass Fiber Reinforced Plastics Composites Market by Process
10.3.6.3.3 India Glass Fiber Reinforced Plastics Composites Market by Application
10.3.6.4 Japan Glass Fiber Reinforced Plastics Composites Market
10.3.6.4.1 Japan Glass Fiber Reinforced Plastics Composites Market by Type
10.3.6.4.2 Japan Glass Fiber Reinforced Plastics Composites Market by Process
10.3.6.4.3 Japan Glass Fiber Reinforced Plastics Composites Market by Application
10.3.6.5 South Korea Glass Fiber Reinforced Plastics Composites Market
10.3.6.5.1 South Korea Glass Fiber Reinforced Plastics Composites Market by Type
10.3.6.5.2 South Korea Glass Fiber Reinforced Plastics Composites Market by Process
10.3.6.5.3 South Korea Glass Fiber Reinforced Plastics Composites Market by Application
10.3.6.6 Rest of Asia-Pacific Glass Fiber Reinforced Plastics Composites Market
10.3.6.6.1 Rest of Asia-Pacific Glass Fiber Reinforced Plastics Composites Market by Type
10.3.6.6.2 Rest of Asia-Pacific Glass Fiber Reinforced Plastics Composites Market by Process
10.3.6.6.3 Rest of Asia-Pacific Glass Fiber Reinforced Plastics Composites Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Glass Fiber Reinforced Plastics Composites Market Overview
10.4.2 Middle East and Africa Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis
10.4.3 Middle East and Africa Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Process
10.4.5 Middle East and Africa Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Glass Fiber Reinforced Plastics Composites Market
10.4.6.1.1 South Africa Glass Fiber Reinforced Plastics Composites Market by Type
10.4.6.1.2 South Africa Glass Fiber Reinforced Plastics Composites Market by Process
10.4.6.1.3 South Africa Glass Fiber Reinforced Plastics Composites Market by Application
10.4.6.2 Saudi Arabia Glass Fiber Reinforced Plastics Composites Market
10.4.6.2.1 Saudi Arabia Glass Fiber Reinforced Plastics Composites Market by Type
10.4.6.2.2 Saudi Arabia Glass Fiber Reinforced Plastics Composites Market by Process
10.4.6.2.3 Saudi Arabia Glass Fiber Reinforced Plastics Composites Market by Application
10.4.6.3 U.A.E Glass Fiber Reinforced Plastics Composites Market
10.4.6.3.1 U.A.E Glass Fiber Reinforced Plastics Composites Market by Type
10.4.6.3.2 U.A.E Glass Fiber Reinforced Plastics Composites Market by Process
10.4.6.3.3 U.A.E Glass Fiber Reinforced Plastics Composites Market by Application
10.4.6.4 Rest of Middle East and Africa Glass Fiber Reinforced Plastics Composites Market
10.4.6.4.1 Rest of Middle East and Africa Glass Fiber Reinforced Plastics Composites Market by Type
10.4.6.4.2 Rest of Middle East and Africa Glass Fiber Reinforced Plastics Composites Market by Process
10.4.6.4.3 Rest of Middle East and Africa Glass Fiber Reinforced Plastics Composites Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Glass Fiber Reinforced Plastics Composites Market Overview
10.5.2 South and Central America Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis
10.5.3 South and Central America Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Type
10.5.4 South and Central America Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Process
10.5.5 South and Central America Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Application
10.5.6 South and Central America Glass Fiber Reinforced Plastics Composites Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Glass Fiber Reinforced Plastics Composites Market
10.5.6.1.1 Brazil Glass Fiber Reinforced Plastics Composites Market by Type
10.5.6.1.2 Brazil Glass Fiber Reinforced Plastics Composites Market by Process
10.5.6.1.3 Brazil Glass Fiber Reinforced Plastics Composites Market by Application
10.5.6.2 Argentina Glass Fiber Reinforced Plastics Composites Market
10.5.6.2.1 Argentina Glass Fiber Reinforced Plastics Composites Market by Type
10.5.6.2.2 Argentina Glass Fiber Reinforced Plastics Composites Market by Process
10.5.6.2.3 Argentina Glass Fiber Reinforced Plastics Composites Market by Application
10.5.6.3 Rest of South and Central America Glass Fiber Reinforced Plastics Composites Market
10.5.6.3.1 Rest of South and Central America Glass Fiber Reinforced Plastics Composites Market by Type
10.5.6.3.2 Rest of South and Central America Glass Fiber Reinforced Plastics Composites Market by Process
10.5.6.3.3 Rest of South and Central America Glass Fiber Reinforced Plastics Composites Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. GLASS FIBER REINFORCED PLASTICS COMPOSITES MARKET, KEY COMPANY PROFILES
12.1. BINANI 3B-FIBRE GLASS COMPANY
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. CHOMARAT GROUP
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. JUSHI GROUP
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. NIPPON SHEET GLASS
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. NITTO BOSEKI CO. LTD
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. OWENS CORNING
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. POLYCOMP INTERNATIONAL CORPORATION
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. PPG INDUSTRIES
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SAINT GOBAIN
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TAISHAN FIBERGLASS INC
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1.Binani 3B-Fibre glass Company
2.Chomarat Group
3.Jushi Group
4.Nippon Sheet Glass
5.Nitto Boseki Co. Ltd
6.Owens Corning
7.Polycomp International Corporation
8.PPG Industries
9.Saint Gobain
10.Taishan Fiberglass Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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