According to a market report by Lucintel, the future of the global FRP Panel Market looks promising with opportunities in the building and construction, trucks and trailers, recreational vehicles, and others. The global FRP panel market is expected to reach $2 billion by 2031 from $1 billion in 2024, at a CAGR of 2% from 2024 to 2031. 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.
A more than 150-page report
to understand trends, opportunity and forecast in global FRP panel market to
2031 by end use industry (building and construction, truck and trailer,
recreational vehicles and other end use industries), 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).
Lucintel forecasts that building
and construction will remain the largest end use segment and trucks and
trailers segment is expected to witness highest growth over the forecast
period.
Polyester composites
will remain the largest segment over the forecast period due to its low cost
and mostly used in applications, such as side wall panels, roof, and floors.
Epoxy composite is expected to witness highest growth over the forecast period.
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FRP Panel Market.
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. APAC is also expected to witness the highest
growth over the forecast period.
Verzatec, Lamilux
Heinrich Strunz, US Liner Company, Fibrosan, and Glasteel are the major
supplier in the FRP panel 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
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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