Glass Fiber Reinforced Plastic Composite Material Market 2022
From last few decade, this synthetic composite material is in demand for its high strength, light weight, corrosion resistance quality. GFRP products are in high demand in the industries such as wind energy, aerospace, and defense, construction, automotive, etc. for its light weight and corrosion resistant property.
Developing countries like China and India are developing their infrastructure; this leads in growth of construction industries which anticipated to drive demand for GFRP composite materials.
Market space of GFRP composite material is very competitive, vendors with better access to technical and financial resources are focusing on developing innovative products to render their competitor products before their launch. Most of the key players in this market space have their inbuilt research and development departments.
- Delkom Group
- Advanced Glassfiber Yarns (Agy) Llc
- Nitto Boseki Co. Ltd.
- Saint-Gobain Vetrotex
- Jushi Group Co. Ltd.
- Taiwan Glass Ind Corp.
- Binani 3b-The Fibreglass Company
- Ppg Industries Inc.
- Gradeall International Limited
- Changzhou Pengyu Frp Pressure Vessel Co., Ltd.
Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market: Drivers & Restraints
An increase in demand for lightweight fiberglass composite in the automotive industry, rise in demand for diverse blade sizes in wind energy industry and infrastructure development in the construction industry are the leading factors behind GFRP market growth worldwide.
GFRP composite material can be customized easily as it is versatile and profitable during its manufacturing. This property holds significant growth opportunity in the construction industry. Qualities like durability, thermal efficiency, and strength of fiberglass are attracting its end users.
To meet increasing demand of GFRP composite market, GFRP composite material manufacturer has to face challenges such as availability of raw material, rising price, competition from carbon fiber and changing regulations.
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Global Glass Fiber Reinforced Plastic (GFRP) Composite Material Market: Segmentation
On the basis of products
- S- glass
- C-glass
- E-glass
- Other glass
On the basis of manufacturing processes
- Sheet molding process
- Bulk molding process
- Continuous processing
- Spray- up process
- Hand lay- up process
- GMT and LFRT process
- Resin transfer molding process
- Other processes
On the basis of GFRP end users
- Transportation sector
- Construction and Infrastructure sector
- Consumer goods sector
- Electrical and electronic sector
- Marine and other sectors
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Key geographies evaluated in this report are:
North America – U.S, Canada
Europe – France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC – China, India, Japan, Australia, Others
Latin America – Argentina, Brazil, Others
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