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.
Download
sample by clicking on Glass
Fiber Reinforced Plastic (GFRP) Market.
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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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