Lucintel Forecasts the Global Glass Fiber Reinforced Plastic (GFRP) Market to Reach $74 Billion by 2031

According to a market report by Lucintel, the future of the global Glass Fiber Reinforced Plastic (GFRP) Market looks promising with opportunities in various end use industry, including transportation, marine, wind energy, pipe and tank, construction, electrical and electronics, consumer goods, and aerospace. The global glass fiber reinforced plastic (GFRP) market is expected to reach an estimated $74 billion by 2031 with a CAGR of 4% from 2024 to 2031. The major drivers for growth in this market are due to the growth in the construction, wind energy, electrical and electronics, consumer goods, and others market.

A more than 150-page report to understand trends, opportunity and forecast in global glass fiber reinforced plastic (GFRP) market to 2031 by end use industry (transportation, marine, wind energy, pipe and tank, construction, etc), resin type (UPR resin, vinyl ester resin, epoxy resin, etc), product type (E/ECR-glass composites, S-glass composites, C-glass composites, and other product types (NE glass, R-glass, and T-Glass)), manufacturing process (hand lay-up, spray-up, resin infusion, filament winding, pultrusion, etc), and by region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that construction will remain the largest end use by value and value due to the increasing use of glass fiber reincforeced plastic in construction for its corrosion resistance, lightweight, and insulative properties. Aerospace is expected to witness highest growth over the forecast period.

UPR resin will remain the largest segment by value and volume over the forecast period because it offers good mechanical and service properties, and have excellent thermal stability and weather resistance. Other resins is expected to witness highest growth over the forecast period.

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APAC is expected to remain the largest region by value and volume over the forecast period due to growth in construction, transportation, and the electrical and electronics segments. Growing economy, growth in population, and urbanization are the major forces that drive the construction segment, especially in China and India. North America is expected to witness highest growth over the forecast period.

Praana Group, Jushi Group Co., Ltd., Chongqing Polycomp International Corporation (CPIC), Taishan Fiberglass Inc., Nippon Electric Glass Co., Ltd., Johns Manville Corporation, Nitto Boseki Co., Ltd, BASF SE, INEOS Composites (KPS Capital), Huntsman, etc are the major suppliers in the GFRP market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

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Lucintel
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Lucintel Forecasts Composites in the Global Sporting Goods Market is Expected to Grow with a CAGR of 5% from 2025 to 2035

According to a market report by Lucintel, the future of the composites in the global sporting goods market looks promising with opportunities in skis & snow boards, bicycle parts, rackets, golf shafts & clubs, hockey sticks, and fishing rods applications. The composites in the global sporting goods market is expected to grow with a CAGR of 5% from 2025 to 2035. The major drivers for this market are increasing use of lightweight and high-performance materials in sports equipment.

A more than 150-page report to understand trends, opportunity and forecast in composites in the global sporting goods market to 2035 by application (skis and snow boards, bicycle parts, rackets, golf shafts and clubs, hockey sticks, fishing rods, and other applications), reinforcement (carbon fiber, glass fiber, and other reinforcements), resin (epoxy, polyamide, and other resins), manufacturing process (prepreg layup, infusion, filament winding, wet layup, and other manufacturing processes), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that golf shafts & clubs will remain the largest application segment over the forecast period composite shafts are more lightweight, allowing designers to increase the weight of the head of the club while keeping the total weight of the club low.

Carbon fiber will remain the largest segment and it is expected to witness the highest growth over the forecast period due to its increasing uses in various applications of sporting goods industry and several performance benefits, including lightweight and stiffness.

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Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period because APAC became the home for leading composite component manufactures for sporting goods industry.

Mitsubishi Chemical Group, Toray Industries Inc., Teijin Limited, Hexcel Corporation, SGL Carbon, Syensqo are the major suppliers in the composites in the global sporting goods market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

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Roy Almaguer
Lucintel
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Lucintel Forecasts the Global BMI Prepreg Market to Grow with a CAGR of 7% from 2025 to 2035

According to a market report by Lucintel, the future of the global BMI prepreg market looks promising with opportunities in defense, commercial aerospace and general aviation markets. The future of the global BMI prepreg market looks promising with opportunities in defense, commercial aerospace and general aviation markets. The global BMI prepreg market is expected to grow a CAGR of 7% from 2025 to 2035. The major driver for this market is increasing demand for high temperature-resistance composites material to replace metals in applications where extreme heat and harsh environmental conditions is most critical.

A more than 150-page report to understand trends, opportunity and forecast in global BMI prepreg market by end use industry (defense, commercial aerospace, general aviation, and other end use industries), application (tooling, airframe, nacelles, and other applications), reinforcement type (fabric/woven BMI prepreg and unidirectional BMI prepreg), cure type (autoclave, out-of-autoclave, and other cure types), regional (North America, Europe APAC, and ROW).

Lucintel forecasts that defense will remain the largest end-use during the forecast period due to increasing demand of BMI prepreg in high heat resistance applications in military aircrafts and missiles

Tooling will remain the largest application and it is also expected to witness the highest growth over the forecast period, as BMI prepreg based tool is three times lighter and economical than invar tool.

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North America is expected to remain the largest region and witness the highest growth over the forecast period due to a growing demand for lightweight and high heat resistance materials in defense, commercial aerospace, and general aviation industries.

Hexcel Corporation, Toray Industries Inc, Syensqo, Mitsubishi Chemical Group, Gurit are the major suppliers in the BMI prepreg market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

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Roy Almaguer
Lucintel
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Lucintel Forecasts the Global Aerospace Composites Material Market to Reach $4 Billion by 2031

According to a market report by Lucintel, the future of the global aerospace composites material market looks promising with opportunities in commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft types. The global aerospace composites materials market is expected to reach an estimated $4 billion by 2031 with a CAGR of 12% from 2024 to 2031. The major drivers for this market are growing demand for lightweight materials to increase fuel efficiency and growth of aircraft with high composites penetration such B787 and A350WXB.

A more than 150-page report to understand trends, opportunity and forecast in aerospace composites material market to 2031 by aircraft type (commercial aircraft, military aircraft, regional aircraft, general aviation, helicopter, and other aircraft types), reinforcement (carbon composites, glass composites, aramid composites, and other reinforcement types), manufacturing process (hand lay-up, AFP/ATL, RTM, injection molding, compression molding, and other manufacturing processes), type of structure (primary structure, interior, dry engine, and other structure types), component (wing, fuselage, empennage, engine, interior, rotor blade, radome, landing gear, and other components), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that carbon fiber based composites will remain the largest market during the forecast period. Increasing penetration of carbon composites in commercial aircraft, such as B787 and A350XWB is expected to drive the demand for this segment over the forecast period from 2024 to 2031.

Within the aerospace composites market, commercial aircraft will remain the largest market by value and volume consumption followed by military aircraft.

By type of structure, primary structure will remain the largest market by value and volume due to higher composite consumption.

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Europe will remain the largest region during the forecast period due to a higher demand for newer aircraft and the ongoing replacement of an aging fleet. 

Hexcel, Syensqo, Toray Industries, Teijin, Zodiac Aerospace, Spirit Aerosystem (Boeing) are the major suppliers in the aerospace composites material market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

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Lucintel
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Lucintel Forecasts the Southeast Asian Phenolic Resin Market to Grow with a CAGR of 4% from 2024 to 2031

According to a market report by Lucintel, the future of the Southeast Asian phenolic resin market looks promising with growth opportunities in construction, transportation, electrical and electronics, furniture, and industrial end use industries. The Southeast Asian phenolic resin market is expected to grow with a CAGR of 4% from 2024 to 2031. The major drivers of growth for this market are increasing use of heat resistance, corrosion and chemical resistance materials in construction and transportation industry.

A more than 150-page report to understand trends, opportunity and forecast in Southeast Asian phenolic resin market to 2031 by application (wood adhesive, molding compounds, laminates, insulation, coating, paper impregnation, and other applications), type (resol phenolic resin and novolac phenolic resin), end use industry (construction, transportation, electrical and electronics, furniture, industrial, and other end use industries), and country (Thailand, Singapore, Malaysia, Indonesia, Philippines, Vietnam, and Others)

Lucintel forecasts that transportation will remain the largest end use segment over the forecast period due to increasing demand for heat resistant material, low-cost material, and manufacturing of high-performance composites. Electrcial and electronics is expected to witness highest growth over the forecast period.

Caoting is expected to witness highest growth over the forecast period.

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Thai GCI Resitop Co. Ltd, Malayan Adhesives and Chemicals Snd. Bhd., Formal Chemical (M) Snd. Bhd., Jowat Adhesives, Sumitomo Bakelite Co. Ltd, DIC Corporation, Asta Chem, Pt. Intanwijaya International Tbk, Itochu, Thailand, Aica Kogyare are the major suppliers in the South East Asian phenolic resin market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

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Lucintel
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Lucintel Forecasts the Global Polyurethane Tooling Board Market to Grow with a CAGR of 7% from 2024 to 2031

According to a market report by Lucintel, the future of the global Polyurethane Tooling Board Market looks promising with opportunities in the aerospace & defense, automotive, marine, wind energy market. The global polyurethane tooling board market is expected grow with a CAGR of 7% from 2024 to 2031. The major driver of growth for this market is increasing usage of polyurethane tooling boards in the automotive and aerospace industries due to low cost and shorter prototype production time.

A more than 150-page report to understand trends, opportunity and forecast in global polyurethane tooling board market to 2031 by end use industry (aerospace, automotive, wind energy, marine, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that automotive segment will remain the largest end use segment over the forecast period due to excellent surface finish, high dimensional stability, low coefficient of thermal expansion, and high glass transition temperatures.

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Europe is expected to remain the largest region over the forecast period because of the growing demand for polyurethane tooling boards for developing prototypes for formula one cars, motorsports vehicles, and lightweight vehicles.

OBO-Werke GmbH & Co. KG, RAMPF Tooling Solutions GmBH & Co. KG, Sika Deutschland GmbH, General Plastics, CMT, ELANTAS Italia S.r.l, Necumer GmbH, Coastal Enterprise, Guangzhou LiHong Mould Material Co., Ltd., BCC Products Inc. are the major suppliers in the polyurethane tooling board market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel         

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

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Roy Almaguer
Lucintel
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Lucintel Forecasts the Global Polyamide Resin Market to Reach $8 Billion by 2035

According to a market report by Lucintel, the future of the global Polyamide Resin Market looks promising with opportunities in the transportation, consumer goods, and electrical & electronics applications. The global polyamide resin market is expected to reach an estimated $8 billion by 2035 with a CAGR of 3% from 2025 to 2035. The major drivers for this market are increasing use of lightweight, high temperature thermoplastics in under-hood applications and the replacement of metals with polyamide resin based composites in various end use industries.

A more than 150-page report to understand trends, opportunity and forecast in  global polyamide resin market to 2035 by end use (transportation, consumer goods, electrical & electronics, and others), resin type (polyamide6, polyamide66, polyamide46, and others), product type (short fiber reinforced thermoplastic (SFT), long fiber reinforced thermoplastic (LFT), and continuous fiber reinforced thermoplastic (CFT), and region (North America, Europe, Asia Pacific and Rest of the World)

Lucintel forecasts that transportation will remain the largest end use market by value due to high demand for lightweight thermoplastics with high temperature resistant property, which makes polyamide resin suitable for under the hood applications.

SFT will remain the largest market due to its various benefits like ease in processing, low cost production, design flexibility, and the ability to process parts with complex shapes

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Asia Pacific and ROW is expected to remain the largest region and witness the highest growth over the forecast period due to growth in construction sector, transportation sector and increasing awareness towards the lightweight thermoplastics with high temperature resistant property.

BASF SE, DSM (Covestro), DuPont, LANXESS AG, and Cytec Solvay S.A. are the major suppliers in the polyamide resin market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
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Lucintel Forecasts the Global PET Foam Core Market to Grow with a CAGR of 5% from 2024 to 2031

According to a market report by Lucintel, the future of the global PET foam core market looks promising with opportunities in the wind energy, transportation, and building & construction end uses. The global PET foam core market is expected to grow with a CAGR of 5% from 2024 to 2031. The major drivers for this market are growing use of lightweight materials in the end use industries and substitution of PVC and SAN with PET foam core due to its recyclability.

A more than 150-page report to understand trends, opportunity and forecast in global PET foam core market to 2030 by end use (wind energy, transportation, building and construction, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that wind energy will remain the largest and highest growing segment due to increasing penetration of PET foam core over the forecast period.

APAC will remain the largest market by value and volume due to increasing demand of PET foam core in transportation and wind energy industries and also it is expected to witness the highest growth over the forecast period.

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Armacell, Gurit, 3A Composites, Diab Group are the major suppliers in the PET foam core market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
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Email: roy.almaguer@lucintel.com
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Lucintel Forecasts North American Automotive Composites Market to Reach $3 Billion by 2031

According to a market report by Lucintel, the future of the North American automotive composites market looks promising with opportunities in the exterior, interior, power train system, chassis system, under body system, electrical and electronics, and chassis system. The North American automotive composites market is expected to reach an estimated $3 billion by 2031 with a CAGR of 3% from 2024 to 2031. The major growth drivers for this market are increase in production of passenger cars and light commercial vehicles are expected to boost composites material materials in the automotive industry in the next five years and increase usage of composites in chassis, insulating panels, casing, mufflers, and sound insulation parts of the vehicles.

A more than 150-page report to understand trends, opportunity and forecast in North American automotive composites market by material type (SMC, BMC, LFT, SFT, GMT, and CFT), resin type (PP composites, PBT composites, PA composites, polyester composites, vinyl ester composites, epoxy composites, phenolic composites, and other resin types), application (interior, exterior, power train system, under body system, electrical and electronics, chassis system, and other applications), resin group (thermoset composites and thermoplastics composites), fiber type (glass fiber composites, carbon fiber composites, and natural fiber composites), and Countries (US, Canada, and Mexico).

Lucintel forecasts that short fiber thermoplastic (SFT) North American automotive composites is expected to remain the largest segment and continuous fiber thermoplastic (CFT) composites segment is expected to witness the highest growth in the forecast period.

Exterior will remain the largest application segment and is also expected to witness the highest growth over the forecast period due to its increasing usage in automotive industry.

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BASF, DuPont, SABIC, RTP Company, Celanese, Teijin, Lanxess, Core Molding Technologies, IDI Composites, LyondellBasell are among the major North American automotive composites providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056

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