Opportunities for the global FRP panel market are expected to reach $1.3 billion by 2025

According to a new market report published by Lucintel, the future of the global FRP panel market looks promising with opportunities in the building and construction, truck and trailer, and recreational vehicle industries. The FRP panel market is expected to decline by 21% in 2020, but it is likely to recover in 2021 to reach an estimated $1.3 billion by 2025 with a CAGR of 7.9% from 2020 to 2025. The major drivers for this market are the increasing residential and commercial construction activities and rising demand for durable, corrosion resistant, and lightweight products in the construction and truck and trailer industries.

In this market, polyester, epoxy, and polypropylene are the major resin used to manufacture FRP panels for various end use industries. Lucintel forecasts that polyester based FRP panel will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to its low cost and mostly used in applications, such as side wall panels, roof, and floors.

Within the FRP panel market, building and construction will remain the largest end use industry due to growing demand for fiber reinforced plastics in wall, roof, and floor panel applications. The recreational vehicle market is expected to witness the highest growth over the forecast period due to increasing demand for FRP panels which are lightweight, high performance, and low maintenance than other traditional materials.

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

Emerging trends, which have a direct impact on the dynamics of the industry, include growing use of fire resistance resin in FRP panel manufacturing and rising popularity of carbon composites in the recreational vehicle and truck and trailer markets. Crane Composites, Lamilux Heinrich Strunz Group, US Liner Company, Kalwall Corporation, Fibrosan, Panolam Industries, and Polser FRP Panel Inc. are the major manufacturers of FRP panels.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global FRP panel market by end use industry, reinforcement, matrix type, resin group, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global FRP Panel Market 2020-2025: Trends, Forecast, and Opportunity Analysis”. This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global FRP panel market by end use industry, fiber type, resin type, resin group, and region as follows:

By End Use Industry [million pounds and $ million shipment analysis for 2014 – 2025]:

•       Building and Construction
•       Trucks and Trailers
•       Recreational Vehicles
•       Others

By Fiber Type [million pounds and $ million shipment analysis for 2014 – 2025]:

•       Glass Composites
•       Carbon Composites

By Resin Type [million pounds and $ million shipment analysis for 2014 – 2025]:

•       Polyester Based  Composites
•       Epoxy Based Composites
•       PP  Based Composites and Others

By Resin Group [million pounds and $ million shipment analysis for 2014 – 2025]:

•       Thermoset Composites
•       Thermoplastic Composites

By Region [million pounds and $ million shipment analysis for 2014 – 2025]:

•       North America

-       US

-       Canada

-       Mexico

•       Europe

-       Germany

-       UK

-       France

-       Italy

-       Spain

-       Russia

-       Others

•       Asia Pacific

-       China

-       Japan

-       India

-       South Korea

-       Others

•       Rest of the World

-       Middle East

-       Africa

-       South America

This 150 page 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 visit us at helpdesk@lucintel.com. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence  and business strategy consulting.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer 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.

This report answers following 11 key questions:                                                                                  

Q.1 What are some of the most promising potential, high-growth opportunities for the global FRP panel market by end use industry (building and construction, trucks and trailers, recreational vehicles, and others), Fiber type (glass composites and carbon composites), resin type (polyester composites, epoxy composites and PP composites others), resin group (thermoset composites and thermoplastic composites), and region (North America, Europe, Asia Pacific, and Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the FRP panel market?

Q.5 What are the business risks and threats to the FRP panel market?

Q.6 What are the emerging trends in the FRP panel market and the reasons behind them?

Q.7 What are some changing demands of customers in the FRP panel market?

Q.8 What are the new developments in the FRP panel market? Which companies are leading these developments?

Q.9 Who are the major players in the FRP panel market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in the FRP panel market, and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M&A activities did take place in the last five years in the FRP panel market?

Lucintel Leadership Quadrant and Strategic Positioning of Short Fiber Thermoplastics Suppliers

The short fiber thermoplastics (SFT) industry is a growing market that is predominantly characterized by established products for different end use industry. The major players offer a portfolio of polyamide (PA) resin based SFT, polypropylene (PP) resin based SFT, polybutylene terephthalate resin (PBT) based SFT and others covering all the major chemistries and the property performance requirements for the wide range of end use industry.

BASF, DuPont, and SABIC are the leading players with diversified product portfolios and strong geographical reach. Over the next five years, suppliers will be focusing on innovation for the development and marketing of a broad spectrum of SFT for customers so that players could capture larger market share in the global SFT market.

Over the last five years, suppliers have focused on new product developments. Development of high temperature resistance PA6 compounds to replace PA66, PA46 and PA12, increasing focus on PP compounds, and increasing use of recycled carbon fiber in SFT.

The companies producing short fiber thermoplastics are exploring market opportunities with starkly different strategies. Lucintel, a leading global management consulting and market research firm, has analyzed the global short fiber thermoplastics market and has come up with a comprehensive research report, “Lucintel Leadership Quadrant and Strategic Positioning of Short Fiber Thermoplastics Suppliers”. This report offers a full competitive analysis from target markets to product mapping, from selling strategies to production capabilities. This report has examined and profiled the world’s leading short fiber thermoplastics producers. Lucintel created profiles of each competitor based on the following criteria:

• Company overview

·      Company Description

·      Corporation Statistics

• Short Fiber Thermoplastics business overview

·      Short Fiber Thermoplastics Business Segments

·      Key Differentiators and Strengths 

·      Key Short Fiber Thermoplastics Competitors

• Products and product positioning

·      Short Fiber Thermoplastics Product Line Overview 

·      Product Positioning in Market Segments

• Markets and market positioning 

·      Market Positioning in the Global Short Fiber Thermoplastics business

·      Revenue Breakdown by Market Segments

·      Revenue Breakdown by Region

• Production

·      Global Manufacturing Operations

• Innovation and market leadership
• Marketing, sales and organizational capabilities

·      Marketing and Sales

·      Management Commitment and Track Record

• Strategic Initiatives

The resulting research report represents the most comprehensive strategic and tactical assessment of the short fiber thermoplastics producers and competitive landscape available. In terms of the total revenue generated by leading short fiber thermoplastics producers, BASF ranks number one, followed by DuPont, SABIC, Solvay, DSM, Lanxess, LyondellBasell, Celanese, and Washington Penn Plastic all of which are included in the report.

The detailed analysis of each company offers a critical view into key strategic areas, including: 

1.    Short Fiber Thermoplastics producer target markets

2.    Key differentiators, strengths, competitors, and other insights

Designed for the composite industry professionals, financial services firms, and users of short fiber thermoplastics, Lucintel's “Lucintel Leadership Quadrant and Strategic Positioning of Short Fiber Thermoplastics Suppliers” is the industry’s comprehensive examination of the short fiber thermoplastics producers’ competitive landscape.

Collected from a series of primary vendor interviews and secondary sources, Lucintel also provides its own scorecard for determining which of these companies is better aligned with future market opportunities and which has the ability to gain additional market share. Using its proprietary research methodology, Lucintel has developed a comparative analysis tool, the ‘Lucintel Leadership Quadrant,’ which identifies leaders and challengers in the short fiber thermoplastics market and rates each short fiber thermoplastics producer on two primary criteria as shown below:

1. Alignment with market opportunity

2. Ability to gain market share

Ability to gain market share was analyzed using following parameters:

 − Product portfolio

− Financial strength

− Asset position

 − Execution skill

 − Customer experience

Alignment with market opportunity was analyzed using following parameters:

 − Target growth markets

− New product development

− Corporate and functional strategy

− Presence within the industry

Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence  and business strategy consulting.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. 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. Over the last 20 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com. 

The North American reinforced thermoplastic pipe market is forecast to grow at a CAGR of 2.6% from 2020 to 2025

According to a new market report published by Lucintel, the growth of the North American reinforced thermoplastic pipe market looks promising with opportunities in the oil and gas, water and wastewater, and mining industries. The North American reinforced thermoplastic pipe market is expected to grow with a CAGR of 2.6% from 2020 to 2025. The major drivers for this market are increasing old pipeline replacement, growing oil and gas industry, and new pipeline construction activities.

In this market, glass fiber epoxy laminate, dry glass fiber, steel, and aramid are the major reinforcements type used with thermoplastic resin to manufacture RTP. Lucintel forecasts that glass fiber epoxy laminate reinforced thermoplastic pipe will remain the largest segment over the forecast period due to their cost advantages and high performace in extreme conditions of high pressure and high temperature.

Within this market, oil and gas will remain the largest end use segment over the forecast period due to increasing replacement of old pipelines with RTP. 

Emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for high temperature and pressure RTP and increasing usage of RTP in wastewater applications. Baker Hughes, NOV, TechnipFMC, Shawcor, Wienerberger, Future Pipe Industries, FlexSteel, and Magma are among the major suppliers in the North American reinforced thermoplastic pipe market. 

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the North American reinforced thermoplastic pipe market by end use, reinforcement type, diameter, pressure rating, product type, and country. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the North American Reinforced Thermoplastic Pipe Market 2020-2025: Trends, Forecast, and Opportunity Analysis”. This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the North American reinforced thermoplastic pipe market by end use, reinforcement type, diameter, pressure rating, product type, and country as follows:

By End Use [Value ($ Million) and Volume (Thousand Meters) for 2014 – 2025]:

•       Oil and Gas

–              Onshore

–              Offshore

•       Water and Wastewater
•       Mining and Others

By Reinforcement Type [Value ($ Million) and Volume (Thousand Meters) for 2014 – 2025]:

•       Glass Fiber Epoxy Laminate-Reinforced Thermoplastic Pipes
•       Dry Glass Fiber-Reinforced Thermoplastic Pipes
•       Steel-Reinforced Thermoplastic Pipes
•       Aramid Tape-Reinforced Thermoplastic Pipes

By Diameter [Value ($ Million) and Volume (Thousand Meters) for 2014 – 2025]:

•       Small Diameter Pipes
•       Large Diameter Pipes

By Pressure Rating [Value ($ Million) and Volume (Thousand Meters) for 2014 – 2025]:

•       Low Pressure Pipes
•      High Pressure Pipes

By Product Type [Value ($ Million) and Volume (Thousand Meters) for 2014 – 2025]:

•      Metallic Reinforced Thermoplastic Pipes
•      Non-Metallic Reinforced Thermoplastic Pipes

By Country [Value ($ Million) for 2014 – 2025]:       

•       United States
•      Canada
•      Mexico

This 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 visit us at helpdesk@lucintel.com. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT Analysis. 

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.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the North American reinforced thermoplastic pipe market by end use (oil & gas, water & wastewater, and mining & others), reinforcement type (glass fiber epoxy laminate RTP, dry glass fiber RTP, steel RTP, and aramid tape reinforced thermpopastic pipes), diameter (small diameter and large diameter pipes), pressure rating (low pressure and high pressure pipes), and product type (metallic and non-metallic reinforced thermoplastic pipes)?

Q. 2 Which segments will grow at a faster pace and why?

Q.3 Which countries will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are emerging trends in this market and the reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this market, and how big of a threat do they pose for loss of market share via material or product substitution?