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Global Glass Fiber Reinforced Polymer (GFRP) Market

  • Published Date: 01 Feb 2018
  • Number of Pages: 221
  • Category: Chemicals
  • Country: Global
Glass fiber reinforced Polymer (GFRP) is a composite material made up pf polymer matrix reinforced with glass fibres. GFRP is characterized by stiffness and strength and longer service life that exceeds of other metal structures.These glass fibers may be in form of rovings, choppedstrands, yarns and mats. GFRP are instrumental in wide range of manufacturing segments. Right from producing circuits in radios, computers to landing gears, boat construction.

Market Dynamics

Asian Pacific and North America are by far largest producers and consumers of glass fiber reinforced plastic(GFRP)composites. This accounts for 50 percent of global market for GFRP . Growing infrastructure development and construction industry in emerging economies is anticipated to drive demand for GFRP. The transportation segment is largest end user of GFRP owing to extensive use of S -glass.

Market segmentation

The global glass fiber reinforced plastic(GFRP)market is segmented on the basis of application and resin type.
Resin type
According to resin type the market is classified into:
--> polyurethane,
--> polyester
--> vinyl ester.
--> Epoxy
So far polyester holds largest market revenue share owing to its use in electronics, construction and pipe and tanks applications.

The market can also be segmented on basis of the applications in the following industries as follows:
--> Transportation
--> Marine
--> Wind energy
--> Automotive
--> Construction
--> Aviation and aerospace
--> Medical instrumentation

Regional /Geographic Analysis

The Asia-pacific region accounts for largest share in the GFRP market, because of high demand from wind energy, construction applications in this region. India and China has shown great potential through production of electricity through renewable sources of energy. The ever growing, wind installations in China, India and Japan will drive the GFRP composite market in the region.

Opportunities

In regard with sports and leisure applications GFRP composite materials have great potential to grow further. Its thermal efficiency makes it a key ingredient in building green buildings. It has been speculated that, companies with better financial and technical resources can develop innovative products like light weight vehicles.

Key Players

Some of the global players in the market are Owen Corning of USA, Jushi Group of China, Nippon Sheet glass co Ltd of Japan. An implementation of various organic and inorganic development strategies has led these players to maintain their position in the global market. Some of the other players are PPG Industries (U.S) , Saint Gobain(France) etc..



Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada


> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America


> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe


> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe


> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific


> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa



This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage



Publisher Name : Market Litmus

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