Market Overview:
The global fiber reinforced plastics (FRP) market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The growth in the market can be attributed to the increasing demand for FRP from various end-use industries such as aerospace, automotive, electrical & electronics, construction and others. In terms of type, the glass fiber type segment is expected to dominate the global FRP market during the forecast period owing to its high strength and stiffness properties as compared to other types of fibers used in manufacturing FRPs. In terms of application, the aerospace segment is projected to register highest CAGR during 2018-2030 due to increasing demand for lightweight and durable materials from this industry vertical. Regionally, North America dominates the global fiber reinforced plastics (FRP) market followed by Europe and Asia Pacific respectively.
 Industry Outlook.svg)
Product Definition:
A fiber-reinforced plastic (FRP) is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, or aramid.
Glass Fiber Type:
Glass fiber is a type of fiber that is made from silica and has high tensile strength. It can be used in various industries such as construction, automotive, marine and electronics. FRP or Fiber Reinforced Plastics are composite materials which comprise of glass fibers mixed with resin matrix composites or polymer matrices mixed with fillers & reinforcements agents.
Carbon Fiber Type:
Carbon fiber type is a carbon-rich polymer and is also known as graphene. It has the highest strength to weight ratio of any material. Graphene sheets have an extremely high surface area (4,000 m2 per gram) and are very thin (1/10,000th of a human hair). They are strong enough to be used in aircraft structural components such as wing spars and fuselage frames.
Application Insights:
The automotive segment held the largest share of 29.1% in 2017. Increasing demand for lightweight and high-performance materials has been a major factor driving the use of fiber reinforced plastics in this application segment. The growing importance of fuel economy along with rising concerns regarding vehicle safety is expected to boost the usage of FRP composites in automobiles over the forecast period.
FRP composites are widely used for manufacturing engine components as they provide superior strength and heat resistance at a low weight compared to conventional metal or all-metal alternatives, thereby improving fuel efficiency by reducing vehicular weight without compromising on performance requirements such as maximum permissible engine output or power density levels required by law enforcement agencies for their vehicles.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of major aircraft manufacturers such as Boeing and Airbus, which use a significant amount of fiber-reinforced plastics for manufacturing components such as airframe, wings, horizontal stabilizers and other parts. In addition, growing demand for lightweight vehicles is expected to propel industry growth over the forecast period.
Asia Pacific emerged as the fastest-growing regional market from 2018 to 2030 owing to increasing product demand from automotive industry particularly in China and India on account of rising sales tax on cars has increased purchase prices thereby reducing sales tax by 1%. Moreover, government initiatives encouraging domestic manufacturing are anticipated to drive product consumption across various applications including aerospace & defense sector over next eight years.
Europe accounted for more than 20% share in 2017 owing its extensive usage across construction application due mainly highways network density throughout Europe countries especially Germany Italy Poland Sweden UK Russia etc.
Growth Factors:
- Increasing demand for lightweight and durable materials in automotive and aerospace industries
- Growing popularity of FRP composites in wind energy sector
- Rising demand for corrosion-resistant materials in chemical processing industry
- Increasing use of FRP products in construction and infrastructure sectors
- Technological advancements leading to development of new applications for FRP
Scope Of The Report
Report Attributes
Report Details
Report Title
Fiber Reinforced Plastics (FRP) Market Research Report
By Type
Glass Fiber Type, Carbon Fiber Type, Aramid Fiber Type, Others
By Application
Aerospace, Automotive, Electrical & Electronics, Construction, Others
By Companies
BASF, DuPont, Lanxess, DSM, SABIC, PolyOne, Hexion, Denka, Daicel, Evonik, Sumitomo Bakelite, Kingfa Science and Technology, Genius, Solvay, RTP, SI Group, Kolon, TenCate, Toray, Mitsubishi Rayon, Teijin, SGL, Hexcel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Fiber Reinforced Plastics (FRP) Market Report Segments:
The global Fiber Reinforced Plastics (FRP) market is segmented on the basis of:
Types
Glass Fiber Type, Carbon Fiber Type, Aramid Fiber Type, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Automotive, Electrical & Electronics, Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- DuPont
- Lanxess
- DSM
- SABIC
- PolyOne
- Hexion
- Denka
- Daicel
- Evonik
- Sumitomo Bakelite
- Kingfa Science and Technology
- Genius
- Solvay
- RTP
- SI Group
- Kolon
- TenCate
- Toray
- Mitsubishi Rayon
- Teijin
- SGL
- Hexcel
 Market Overview.svg)
Highlights of The Fiber Reinforced Plastics (FRP) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Glass Fiber Type
- Carbon Fiber Type
- Aramid Fiber Type
- Others
- By Application:
- Aerospace
- Automotive
- Electrical & Electronics
- Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fiber Reinforced Plastics (FRP) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fiber Reinforced Plastics (FRP) is a type of plastic that is made from a mixture of polymers and fibers. The fibers are usually glass, carbon, or aramid. FRP has many advantages over other types of plastics because it is strong and lightweight. It can also be heat-treated to make it resistant to damage from hot temperatures or chemicals.
Some of the key players operating in the fiber reinforced plastics (frp) market are BASF, DuPont, Lanxess, DSM, SABIC, PolyOne, Hexion, Denka, Daicel, Evonik, Sumitomo Bakelite, Kingfa Science and Technology, Genius, Solvay, RTP, SI Group, Kolon, TenCate, Toray, Mitsubishi Rayon, Teijin, SGL, Hexcel.
The fiber reinforced plastics (frp) market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fiber Reinforced Plastics (FRP) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fiber Reinforced Plastics (FRP) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fiber Reinforced Plastics (FRP) Market - Supply Chain
4.5. Global Fiber Reinforced Plastics (FRP) Market Forecast
4.5.1. Fiber Reinforced Plastics (FRP) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fiber Reinforced Plastics (FRP) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fiber Reinforced Plastics (FRP) Market Absolute $ Opportunity
5. Global Fiber Reinforced Plastics (FRP) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Type
5.3.1. Glass Fiber Type
5.3.2. Carbon Fiber Type
5.3.3. Aramid Fiber Type
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fiber Reinforced Plastics (FRP) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Automotive
6.3.3. Electrical & Electronics
6.3.4. Construction
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fiber Reinforced Plastics (FRP) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fiber Reinforced Plastics (FRP) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fiber Reinforced Plastics (FRP) Demand Share Forecast, 2019-2029
9. North America Fiber Reinforced Plastics (FRP) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Automotive
9.4.3. Electrical & Electronics
9.4.4. Construction
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Type
9.7.1. Glass Fiber Type
9.7.2. Carbon Fiber Type
9.7.3. Aramid Fiber Type
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fiber Reinforced Plastics (FRP) Demand Share Forecast, 2019-2029
10. Latin America Fiber Reinforced Plastics (FRP) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Automotive
10.4.3. Electrical & Electronics
10.4.4. Construction
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Type
10.7.1. Glass Fiber Type
10.7.2. Carbon Fiber Type
10.7.3. Aramid Fiber Type
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fiber Reinforced Plastics (FRP) Demand Share Forecast, 2019-2029
11. Europe Fiber Reinforced Plastics (FRP) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Automotive
11.4.3. Electrical & Electronics
11.4.4. Construction
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fiber Reinforced Plastics (FRP) Market Size and Volume Forecat by Type
11.7.1. Glass Fiber Type
11.7.2. Carbon Fiber Type
11.7.3. Aramid Fiber Type
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fiber Reinforced Plastics (FRP) Demand Share, 2019-2029
12. Asia Pacific Fiber Reinforced Plastics (FRP) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Automotive
12.4.3. Electrical & Electronics
12.4.4. Construction
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Type
12.7.1. Glass Fiber Type
12.7.2. Carbon Fiber Type
12.7.3. Aramid Fiber Type
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fiber Reinforced Plastics (FRP) Demand Share, 2019-2029
13. Middle East & Africa Fiber Reinforced Plastics (FRP) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Automotive
13.4.3. Electrical & Electronics
13.4.4. Construction
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fiber Reinforced Plastics (FRP) Market Size and Volume Forecast by Type
13.7.1. Glass Fiber Type
13.7.2. Carbon Fiber Type
13.7.3. Aramid Fiber Type
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fiber Reinforced Plastics (FRP) Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Fiber Reinforced Plastics (FRP) Market: Market Share Analysis
14.2. Fiber Reinforced Plastics (FRP) Distributors and Customers
14.3. Fiber Reinforced Plastics (FRP) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DuPont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Lanxess
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DSM
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SABIC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PolyOne
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hexion
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Denka
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Daicel
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Evonik
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sumitomo Bakelite
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Kingfa Science and Technology
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Genius
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Solvay
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. RTP
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. SI Group
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Kolon
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. TenCate
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Toray
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Mitsubishi Rayon
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
