Lucintel Forecasts FRP Panel Market to Reach $1.4 Billion by 2027

According to the recent study the FRP Panel Market is projected to reach an estimated $1.4 billion by 2027 from $1.1 billion in 2021, at a CAGR of 4.8% from 2021 to 2027. Growth in this market is primarily driven by increasing residential and commercial construction activities and rising demand for durable, corrosion resistant, lightweight products in the construction and truck and trailer industries.

Browse 113 figures / charts and 119 tables in this 204 -page report to understand trends, opportunities and forecast in FRP panel market by end use industries (building and construction, truck and trailer, recreational vehicles and others), reinforcement (glass composites and carbon composites), matrix type (polyester composites, epoxy composites and PP composites and others), resin group (thermoset composites and thermoplastic composites), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“polyester based composites market is expected to remain the largest segment during the forecast period.”

Based on matrix, the FRP panel market is segmented into polyester composites, epoxy composites and PP composites and others. Lucintel forecasts that the polyester based composites market is expected to remain the largest segment due to its low cost and mostly used in applications, such as side wall panels, roof, and floors.

“Within the FRP panel market, the building and construction segment is expected to remain the largest end use.”

Based on end use the building and construction segment is expected to witness the highest growth over the forecast period.

“North America will dominate the FRP panel market in near future.”

North America is expected to remain the largest market and due to the growing residential and commercial construction industry and increasing production of recreational vehicles and trucks & trailers. ROW is also expected to witness the highest growth over the forecast period.

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Major players of FRP panel market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Crane Composites Inc., Lamilux Heinrich Strunz Holding GmbH & Co. KG, US Liner Company, Glasteel Inc., Fibrosan, Wabash National, Kalwall Corporation, Panolam Industries Inc., Fiber-Tech Indsutries Enaris S.A, Miyabi are among the major FRP panel 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 click on this link https://www.lucintel.com/frp-panel-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
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