Lucintel's latest market report analyzed that FRP panel provides attractive opportunities in building and construction, trucks and trailers, recreational vehicles and others industries. The FRP panel market is expected to reach $1.3 billion by 2025 with a CAGR of 2.3%. In this market, polyester based composite is the largest segment by resin type, whereas building and construction is largest by end use industry. The growing use of FR resin in FRP panel manufacturing and rising popularity of carbon composites in the recreational vehicle and truck and trailer markets provides strategic growth path in this market.
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Based on resin type, the FRP panel market is segmented into polyester
composites, epoxy composites and PP composites and others. The polyester based
composites segment accounted for the largest share of the market in 2020 and is
expected to register the highest CAGR during the forecast period, due to its
low cost and mostly used in applications, such as side wall panels, roof, and
floors.
Browse in-depth TOC on
“FRP Panel Market”
53 – Tables
88 – Figures
150 – Pages
The FRP panel market is
marked by the presence of several big and small players. Some of the prominent
players offering FRP panel include Crane Composites, Lamilux Heinrich Strunz
Group, US Liner Company, Kalwall Corporation, Fibrosan, Panolam Industries, and
Strongwell Corporation.
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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 click on
this link helpdesk@lucintel.com.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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