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 uses, including transportation, marine, wind energy, pipe and tank, construction, electrical and electronics, consumer goods, and aerospace. The global GFRP market is expected to reach an estimated $78 billion by 2030 from $59 billion in 2023 at a CAGR of 4% from 2023 to 2030. The major drivers for this market are due to the growth in the construction, wind energy, electrical and electronics, consumer goods, and others market.
Browse 164 figures/charts and 137
tables in this 339-page report to understand trends, opportunity and forecast in GFRP market to 2030 by end use (transportation,
marine, wind energy, pipe and tank, construction, etc), resin type (UPR resin,
vinyl ester resin, epoxy resin, etc), product type (E/ECR-glass, S-glass,
C-glass, and others (NE glass, R-glass, and T-Glass)), manufacturing process
(hand lay-up, spray-up, resin infusion, filament winding, pultrusion, etc), and
by regions..
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.
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.
Download
sample by clicking on Glass Fiber Reinforced Plastic
(GFRP) Market
Owens
Corning, Jushi Group Co., Ltd., Chongqing Polycomp International Corporation
(CPIC), Taishan Fiberglass Inc., Nippon Electric Glass Co., Ltd., B-The
Fibreglass Company (Goa Glass fiber), Johns Manville Corporation, Nitto Boseki
Co., Ltd, BASF SE, Ineos Composites, Huntsman, Hexion, Polynt, Toray
Industries, Solvay Group, Celanese, SABIC, DuPont, AOC 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
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
Explore Our Latest Publications
No comments:
Post a Comment