According to a market report by Lucintel, the future of the composite product of the global FRP panel market looks promising with opportunities in building and construction, trucks and trailers, recreational vehicles, and others. The global FRP panel market is expected to reach an estimated $2 billion by 2035 with a CAGR of 3% from 2025 to 2035. The major drivers for this market are the 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 2035 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
industry 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 composites is expected to witness highest growth over the
forecast period.
Download
sample by clicking on 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, Glasteel are the major
suppliers 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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