GFRP(Glass Fiber Reinforced Plastics) Composites Market - Overview to 2023
The global GFRP composites market report forecasts the market size till 2022. The report includes market segmentation based on manufacturing process, resin type, end-use industry, and region (North America, Europe, Asia Pacific, Latin America, and Middle
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The global Glass Fiber Reinforced Plastics (GFRP) composites market is projected to grow from USD 43.93 billion in 2017 to USD 59.87 billion by 2022, at a CAGR of 6.4% from 2017 to 2022. The major factor driving the GFRP composites market is the high demand for GFRP composites from the transportation, electrical & electronics, wind energy, and pipes & tanks industries. However, the difficulty of recycling GFRP composites and high cost is a major factor restraining their use in various applications and hindering the growth of the global GFRP composites market.
Target audience
• GFRP Composite Manufacturers
• Raw Material Suppliers
• Distributors & Suppliers
• Industry Associations
The compression & injection molding manufacturing process offers several advantages, including fast cycle time, low labor cost, low scrap rate, and low mold-clamping pressure. It is widely used in GFRP composite applications such as transportation and electrical & electronics industries. These composites are used to produce bumpers for vehicles, panels for electrical equipment, enclosures for medical devices, and others. These are the key applications of GFRP composites, thus driving the use of the injection molding process to manufacture various GFRP composite components.
GFRP Composites Market Players:
• Owen Corning (US)
• Jushi Group (China)
• PPG Industries (US)
• AGY Holding (US)
• Taishan Fiberglass (China)
• Saint Gobain(France)
• Nippon Sheet Glass (Japan)
• CPIC (China)
• Asahi Fiber Glass (Japan)
Scope of the Report:
The research report segments the GFRP composites market into the following submarkets:
By Resin Type:
• Polyester
• Vinyl Ester
• Epoxy
• Polyurethane
• Thermoplastics
• Others
Make an Inquiry for Discounted GFRP Composites Market Report at https://www.reportsnreports.com/contacts/discount.aspx?name=746666
By End-use Industry:
• Transportation
• Aerospace & Defense
• Wind Energy
• Electrical & Electronics
• Construction & Infrastructure
• Marine
• Pipes & Tanks
• Others
By Manufacturing Process:
• Compression & Injection Molding
• Filament winding
• Layup
• Pultrusion
• RTM
• Others
By Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
The Asia Pacific region is expected to be the fastest-growing market for GFRP composites during the next 5 years. This market in Asia Pacific is driven by the increasing consumption of GFRP composites in various industries such as wind energy, construction & infrastructure, electrical & electronics, and transportation. China is leading the Asia Pacific GFRP composites market. The wind energy industry in China witnessed the highest number of wind energy installations in 2016 and added a new capacity of 23, 328 MW.
This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following 3categories:
• By Company Type: Tier 1—10%, Tier 2—25%, and Tier 3—65%
• By Designation: C-level—10%, Director Level—30%, and Others—60%
• By Region: North America—20%, Europe—15%, Asia Pacific—45%, Latin America—11%, and the Middle East & Africa—9%
For more information about this report visit https://www.reportsnreports.com/purchase.aspx?name=746666
This report segments the GFRP composites market comprehensively and provides the closest approximations of the revenue numbers for the overall market and its sub segments across different verticals and regions.
About Us: ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.
Contact:
Hrishikesh Patwardhan
Corporate Headquarters
Tower B5, office 101,
Magarpatta SEZ,
Hadapsar, Pune-411013, India
+ 1 888 391 5441
sales@reportsandreports.com
The global Glass Fiber Reinforced Plastics (GFRP) composites market is projected to grow from USD 43.93 billion in 2017 to USD 59.87 billion by 2022, at a CAGR of 6.4% from 2017 to 2022. The major factor driving the GFRP composites market is the high demand for GFRP composites from the transportation, electrical & electronics, wind energy, and pipes & tanks industries. However, the difficulty of recycling GFRP composites and high cost is a major factor restraining their use in various applications and hindering the growth of the global GFRP composites market.
Target audience
• GFRP Composite Manufacturers
• Raw Material Suppliers
• Distributors & Suppliers
• Industry Associations
The compression & injection molding manufacturing process offers several advantages, including fast cycle time, low labor cost, low scrap rate, and low mold-clamping pressure. It is widely used in GFRP composite applications such as transportation and electrical & electronics industries. These composites are used to produce bumpers for vehicles, panels for electrical equipment, enclosures for medical devices, and others. These are the key applications of GFRP composites, thus driving the use of the injection molding process to manufacture various GFRP composite components.
GFRP Composites Market Players:
• Owen Corning (US)
• Jushi Group (China)
• PPG Industries (US)
• AGY Holding (US)
• Taishan Fiberglass (China)
• Saint Gobain(France)
• Nippon Sheet Glass (Japan)
• CPIC (China)
• Asahi Fiber Glass (Japan)
Scope of the Report:
The research report segments the GFRP composites market into the following submarkets:
By Resin Type:
• Polyester
• Vinyl Ester
• Epoxy
• Polyurethane
• Thermoplastics
• Others
Make an Inquiry for Discounted GFRP Composites Market Report at https://www.reportsnreports.com/contacts/discount.aspx?name=746666
By End-use Industry:
• Transportation
• Aerospace & Defense
• Wind Energy
• Electrical & Electronics
• Construction & Infrastructure
• Marine
• Pipes & Tanks
• Others
By Manufacturing Process:
• Compression & Injection Molding
• Filament winding
• Layup
• Pultrusion
• RTM
• Others
By Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
The Asia Pacific region is expected to be the fastest-growing market for GFRP composites during the next 5 years. This market in Asia Pacific is driven by the increasing consumption of GFRP composites in various industries such as wind energy, construction & infrastructure, electrical & electronics, and transportation. China is leading the Asia Pacific GFRP composites market. The wind energy industry in China witnessed the highest number of wind energy installations in 2016 and added a new capacity of 23, 328 MW.
This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following 3categories:
• By Company Type: Tier 1—10%, Tier 2—25%, and Tier 3—65%
• By Designation: C-level—10%, Director Level—30%, and Others—60%
• By Region: North America—20%, Europe—15%, Asia Pacific—45%, Latin America—11%, and the Middle East & Africa—9%
For more information about this report visit https://www.reportsnreports.com/purchase.aspx?name=746666
This report segments the GFRP composites market comprehensively and provides the closest approximations of the revenue numbers for the overall market and its sub segments across different verticals and regions.
About Us: ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.
Contact:
Hrishikesh Patwardhan
Corporate Headquarters
Tower B5, office 101,
Magarpatta SEZ,
Hadapsar, Pune-411013, India
+ 1 888 391 5441
sales@reportsandreports.com
Contact Information:
ReportsnReports
Hrishikesh Patwardhan
Tel: + 18883915441
Email us
----
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ReportsnReports
Hrishikesh Patwardhan
Tel: + 18883915441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results