Glass fiber reinforced plastic (GFRP) composites refer to composite materials made of resin reinforced with glass fiber. GFRP composites is used for its high mechanical strength, light weight, corrosion and temperature resistant properties, thermal insulation, smooth internal surface, easy to form complex shapes, ease of repair and its cost effectiveness.
Globally, the main manufacturers of Glass Fiber Reinforced Plastic (GFRP) Composite Material include BASF，Evonik，DSM and Lanxess, etc. Among them, BASF has the largest market share of nearly 5%. Asia Pacific is the largest market, holds a share over 45%.
The global Glass Fiber Reinforced Plastic (GFRP) Composite Material market was valued at US$ 23590 million in 2020 and it is expected to reach US$ 32150 million by the end of 2027, growing at a CAGR of 4.5% during 2021-2027.
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
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The Research Report Includes Specific Segments By Region (Country), By Manufacturers, By Type And By Application. Each Type Provides Information About The Production During The Forecast Period Of 2016 To 2027. By Application Segment Also Provides Consumption During The Forecast Period Of 2016 To 2027. Understanding The Segments Helps In Identifying The Importance Of Different Factors That Aid The Market Growth.
Segment by Type
- Thermosetting Plastic Products
- Thermoplastic Plastic Products
Segment by Application
- Electro & Electronics
- Sport & Leisure
- Sumitomo Bakelite
Production by Region
- North America
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Mr. Shirish Gupta
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