Glass Fiber Reinforced Plastics (GFRP) Composites Market Forecasts to 2028 – Global Analysis By Form(Panel, Rebar and Others), Resin Type(Epoxy, Fillers and Others), Manufacturing Process, Type, Sales Channel, End User and By Geography
According to Stratistics MRC, the Global Glass Fiber Reinforced Plastics (GFRP) Composites Market is accounted for $46.74 billion in 2020 and is expected to reach $89.11 billion by 2028 growing at a CAGR of 8.4% during the forecast period. Growing adoption in the transportation industry, rise in the number of wind energy capacity installations and increasing usage in construction and infrastructure are driving the market growth. However, high manufacturing and processing are hampering the growth of the market.
Glass fiber reinforced plastic (GFRP) is a synthetic amalgamated material made up of plastic and extremely fine fibers of glass. GFRP composite material is a relatively low-cost composite material as compared to carbon and other metal fiber composites and is used in a wide range of industry applications.
Based on the resin type, the polyester segment is going to have lucrative growth during the forecast period which can be attributed to their corrosion resistance and superior performance properties. They are used in a wide range of applications like aircraft, electronics components, automotive and railways among many others.
By geography, Asia Pacific is going to have high growth during the forecast period due to the rise in consumption of GFRP composites in several industries such as wind energy, construction & infrastructure, electrical & electronics, and transportation.
Some of the key players profiled in the Glass Fiber Reinforced Plastics (GFRP) Composites Market include Advanced Composites, Inc., Agy Holdings Corp., Asahi Fiber Glass Co., Ltd., BGF Industries, Inc., Celanese Corporation, China Beihai Fiberglass Co. Ltd., China National Building Materials Group Co., Ltd., Chongqing Polycomp International Corporation, Jiangsu Jiuding New Materials Co., Ltd., John Manville, Nippon Sheet Glass Co., Ltd., Nitto Boseki Co., Ltd., Owens Corning, Pfg Fiberglass Corporation and PPG Industries, Inc.
Resin Types Covered:
• Glass Fiber
• Thermoplastic Resins
• Thermoset Resins
• Vinyl Ester
• Other Resin Types
Manufacturing Processes Covered:
• Compression & Injection Molding Process
• Filament Winding
• Resin Transfer Molding (RTM)
• General-Purpose Glass Fibers
• Special-Purpose Glass Fibers
Sales Channels Covered:
• Direct Sales
End Users Covered:
• Electrical & Electronics
• Wind Energy Turbines
• Pipes & Tanks
• Construction & Infrastructure
• Aerospace & Defense
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
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- Company profiling with detailed strategies, financials, and recent developments
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