Glass Fiber Reinforced Plastic (GFRP) Market Performance to 2023, Feasibility Top 10 Key Players, Consumption Status, Production, and Business Analysis

Glass Fiber Reinforced Plastic (GFRP) Market
Global GFRP Market is categorized on the basis of reinforcing material type, end user industry, and region. On the basis of reinforcing material type, the market is bifurcated into polyester, epoxide, polyamide, and others. On the basis of end user industry, the GFRP Market is categorized into building & construction, marine, transportation, chemical plants, renewable energy, and others.

Glass Fiber Reinforced Plastic (GFRP) Market Overview to 2023

Glass Fiber Reinforced Plastic (GFRP) is made from silica-based raw materials combined with metal oxides and is available in several formulations to meet application demands.Fiber Glass Reinforced Plastic (GFRP), is a composite material made of a polymer matrix reinforced with fibers. Commercial material such as glass fibers are reinforced with matrices based on thermosetting polymers, such as epoxy or polyester resins. GFRPs are commonly used in the automotive, marine, and building & construction industries

GFRP has largely replaced traditional wood and steel building methods to manufacture yachts, ships and marine transportation vehicles across the globe is anticipated to be an important driver for GFRP Market during the review period. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period, 2017 to 2023. However, the mechanical properties of Glass-Fiber Epoxy Resin Composites are generally negatively impacted by moisture and high temperature, which is expected to hamper the growth of the market.

Global Top 10 Key Players in GFRP during forecast period

Some of the prominent players operating in the Global GFRP Market are Owens Corning (U.S.), Jushi Group Co., Ltd. (China), Chongqing Polycomp International Corporation (China), PPG Industries, Inc. (U.S.), Johns Manville Corporation (U.S.), Saint-Gobain Corporation (U.S.), Nippon Sheet Glass Co., Ltd. (Japan), Taishan Fiberglass Inc. (China), AGY Holding Corp. (U.S.), Asahi Fiber Glass Co., Ltd. (Japan), Binani Industries Limited (India), Celanese Corporation (U.S.), SAERTEX GmbH & Co. KG (Germany),  NITTOBO ASIA Glass Fiber Co. Ltd. (Taiwan), and BGF Industries, Inc. (U.S.)  among others.

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Global Glass Fiber Reinforced Plastic (GFRP) Market research report published by Market Research Future sharing details on Market Analysis, new Technology, Scope, Stake, Progress, Trends and Forecast up to 2023. Global Glass Fiber Reinforced Plastic (GFRP) Market research report spread across 139 Pages consist 33 Tables and 12 Figures  also include Top 10 Global key players that sharing latest types, technology, application by 2023.

They are reinforced with matrix materials such as polyester, epoxide and polyamide more widely. GFRP are combination of properties such as light weight, high strength-to-weight ratio, design freedom, high levels of stiffness, chemical resistance, good electrical insulating properties, and retention of dimensional stability across a wide range of temperatures. These properties have major applications in casting on solid surfaces in housing, in the construction of boats in all shapes and sizes, and construction of pipe work and for chemical storage vessels and fume scrubbers.

 Glass Fiber Reinforced Plastic (GFRP) Market- Intended Audience 2023

  • GFRP Manufacturers
  • Traders and Distributors of GFRP
  • Production Process Industries
  • Potential Investors
  • Raw Material Suppliers
  • Nationalized Laboratory

Glass Fiber Reinforced Plastic Synopsis

GFRP has largely replaced traditional wood and steel building methods to manufacture yachts, ships and marine transportation vehicles across the globe is anticipated to be an important driver for GFRP Market during the review period. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period, 2017 to 2023. However, the mechanical properties of Glass-Fiber Epoxy Resin Composites are generally negatively impacted by moisture and high temperature, which is expected to hamper the growth of the market.

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Competitive Analysis
As per our Analysis, some of the prominent market factors and trends identified in the Global GFRP Market include rapid industrialization owing to the world is potentially on the edge of an age where demand for powerful materials coupled with innovation in the chemicals industry. Rising demand for low weight, mouldability and high quality surface finishes make GFRP an ideal material for automotive car body panels, and increasing expenditure on research activities are the other factors. Moreover, demand for GFRP is predicted to witness a significant growth over the assessment period due to surging marine industry.

Segmentation

The Global GFRP Market is categorized on the basis of reinforcing material type, end user industry, and region. On the basis of reinforcing material type, the market is bifurcated into polyester, epoxide, polyamide, and others. On the basis of end user industry, the GFRP Market is categorized into building & construction, marine, transportation, chemical plants, renewable energy, and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

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