Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Fiberglass Reinforced Plastics (FRP) Market by Type (Thermosetting Plastic Products, Thermoplastic Plastic Products), By Application (Aerospace, Automotive, Marine, Construction, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Fiberglass Reinforced Plastics (FRP) Market by Type (Thermosetting Plastic Products, Thermoplastic Plastic Products), By Application (Aerospace, Automotive, Marine, Construction, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 130739 3300 Chemical & Material 377 236 Pages 4.7 (48)
                                          

Market Overview:


The global fiberglass reinforced plastics (FRP) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for FRP products from various end-use industries, such as aerospace, automotive, marine, construction and others. In terms of type, the thermosetting plastic products segment is expected to dominate the global FRP market during the forecast period. This can be attributed to their high strength and durability as compared to thermoplastic plastic products. In terms of application, the aerospace segment is projected to grow at a highest CAGR during the forecast period owing to increase in air travel across different geographies.


Global Fiberglass Reinforced Plastics (FRP) Industry Outlook


Product Definition:


A fiberglass-reinforced plastic (FRP) is a composite material made up of a polymer matrix reinforced with glass fibers. The most common FRP is fiberglass, which typically consists of e-glass fibers.


Thermosetting Plastic Products:


Thermosetting plastic products are materials that do not melt or flow, but retain their shape and properties. These products are made from high temperature thermoplastics such as polyester, polycarbonate, and epoxy. Thermosetting plastics have a higher glass transition temperature (Tg) than thermosetting rubber or elastomers which gives them the ability to be used in applications requiring high temperatures.


Thermoplastic Plastic Products:


Thermoplastic plastic products are widely used in fiberglass reinforced plastics (FRP) owing to their excellent properties such as high strength, stiffness, and temperature resistance. Thermoplastic polymers include materials that have a transition temperature between the range of 70°C to 300°C. They are non-reactive with most chemicals and do not melt when heated. Some thermoplastics become malleable at very high temperatures but return to their original state on cooling down.


Application Insights:


The automotive application segment led the global market and accounted for more than 30.0% share of the total revenue in 2017. The product is widely used in automotive components including body panels, hoods,bonnet lids, doors and tailgates owing to its lightweight properties and superior crash energy absorption ability. In addition to providing safety during accidents, fiberglass reinforced plastics are also expected to witness significant demand from other end-use industries including aerospace & defense over the forecast period.


Regional Analysis:


North America dominated the global market in terms of revenue in 2017. The growth is attributed to increasing use of plastics as a substitute for metals and alloys in automotive, marine, and aerospace applications. Stringent government regulations regarding fuel economy are expected to drive the demand for lightweight materials such as fiberglass reinforced plastics over the forecast period.


The Asia Pacific is expected to witness significant growth over the forecast period owing to rising product demand from emerging economies such as China and India. In addition, supportive government initiatives aimed at promoting domestic manufacturing output coupled with low labor costs are anticipated to attract major players toward setting up production facilities in this region thereby driving regional market growth.


Europe was valued at USD X million in 2017.


Growth Factors:


  • Increasing demand from the automotive and aerospace industries: The global automotive and aerospace industries are expected to grow at a CAGR of 4.5% and 5.9%, respectively, during the period 2016-2022. This is expected to drive the demand for FRP products in these industries, as they offer high strength-to-weight ratios and corrosion resistance properties.
  • Growing popularity of FRP composites in construction: The use of FRP composites in construction is growing rapidly due to their superior mechanical properties such as high tensile strength, stiffness, impact resistance, etc., when compared with traditional building materials such as concrete and steel.
  • Rising demand for lightweight materials: With governments across the world implementing stringent regulations aimed at reducing carbon emissions from vehicles, there is an increasing demand for lightweight materials that can help reduce weight without compromising on performance or safety standards. FRP products are ideal candidates for this requirement as they are strong yet lightweight when compared with traditional metals like steel or aluminum alloys..

Scope Of The Report

Report Attributes

Report Details

Report Title

Fiberglass Reinforced Plastics (FRP) Market Research Report

By Type

Thermosetting Plastic Products, Thermoplastic Plastic Products

By Application

Aerospace, Automotive, Marine, Construction, Other

By Companies

Fiber-Tech, Brianza Plastica, An-Cor, Exel Composites, Surendra Composites, Arrowhead Plastic, Dynaglass Reinforced Plastic, Heatex

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

236

Number of Tables & Figures

166

Customization Available

Yes, the report can be customized as per your need.


Global Fiberglass Reinforced Plastics (FRP) Market Report Segments:

The global Fiberglass Reinforced Plastics (FRP) market is segmented on the basis of:

Types

Thermosetting Plastic Products, Thermoplastic Plastic Products

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, Marine, Construction, Other

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:

  1. Fiber-Tech
  2. Brianza Plastica
  3. An-Cor
  4. Exel Composites
  5. Surendra Composites
  6. Arrowhead Plastic
  7. Dynaglass Reinforced Plastic
  8. Heatex

Global Fiberglass Reinforced Plastics (FRP) Market Overview


Highlights of The Fiberglass Reinforced Plastics (FRP) Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Thermosetting Plastic Products
    2. Thermoplastic Plastic Products
  1. By Application:

    1. Aerospace
    2. Automotive
    3. Marine
    4. Construction
    5. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Fiberglass 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

Global Fiberglass Reinforced Plastics (FRP) Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Fiberglass 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. Fiberglass 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. Fiberglass Reinforced Plastics (FRP) Market - Supply Chain
   4.5. Global Fiberglass Reinforced Plastics (FRP) Market Forecast
      4.5.1. Fiberglass Reinforced Plastics (FRP) Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Fiberglass Reinforced Plastics (FRP) Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Fiberglass Reinforced Plastics (FRP) Market Absolute $ Opportunity

5. Global Fiberglass 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. Fiberglass Reinforced Plastics (FRP) Market Size and Volume Forecast by Type
      5.3.1. Thermosetting Plastic Products
      5.3.2. Thermoplastic Plastic Products
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Fiberglass 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. Fiberglass Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
      6.3.1. Aerospace
      6.3.2. Automotive
      6.3.3. Marine
      6.3.4. Construction
      6.3.5. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Fiberglass 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. Fiberglass 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 Fiberglass 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. Fiberglass 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 Fiberglass Reinforced Plastics (FRP) Demand Share Forecast, 2019-2029

9. North America Fiberglass 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 Fiberglass 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 Fiberglass Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
      9.4.1. Aerospace
      9.4.2. Automotive
      9.4.3. Marine
      9.4.4. Construction
      9.4.5. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Fiberglass Reinforced Plastics (FRP) Market Size and Volume Forecast by Type
      9.7.1. Thermosetting Plastic Products
      9.7.2. Thermoplastic Plastic Products
   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 Fiberglass Reinforced Plastics (FRP) Demand Share Forecast, 2019-2029

10. Latin America Fiberglass 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 Fiberglass 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 Fiberglass Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
      10.4.1. Aerospace
      10.4.2. Automotive
      10.4.3. Marine
      10.4.4. Construction
      10.4.5. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Fiberglass Reinforced Plastics (FRP) Market Size and Volume Forecast by Type
      10.7.1. Thermosetting Plastic Products
      10.7.2. Thermoplastic Plastic Products
   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 Fiberglass Reinforced Plastics (FRP) Demand Share Forecast, 2019-2029

11. Europe Fiberglass 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 Fiberglass 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 Fiberglass Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
      11.4.1. Aerospace
      11.4.2. Automotive
      11.4.3. Marine
      11.4.4. Construction
      11.4.5. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Fiberglass Reinforced Plastics (FRP) Market Size and Volume Forecast by Type
     11.7.1. Thermosetting Plastic Products
      11.7.2. Thermoplastic Plastic Products
   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 Fiberglass Reinforced Plastics (FRP) Demand Share, 2019-2029

12. Asia Pacific Fiberglass 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 Fiberglass 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 Fiberglass Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
      12.4.1. Aerospace
      12.4.2. Automotive
      12.4.3. Marine
      12.4.4. Construction
      12.4.5. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Fiberglass Reinforced Plastics (FRP) Market Size and Volume Forecast by Type
      12.7.1. Thermosetting Plastic Products
      12.7.2. Thermoplastic Plastic Products
   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 Fiberglass Reinforced Plastics (FRP) Demand Share, 2019-2029

13. Middle East & Africa Fiberglass 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 Fiberglass 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 Fiberglass Reinforced Plastics (FRP) Market Size and Volume Forecast by Application
      13.4.1. Aerospace
      13.4.2. Automotive
      13.4.3. Marine
      13.4.4. Construction
      13.4.5. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Fiberglass Reinforced Plastics (FRP) Market Size and Volume Forecast by Type
      13.7.1. Thermosetting Plastic Products
      13.7.2. Thermoplastic Plastic Products
   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 Fiberglass Reinforced Plastics (FRP) Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Fiberglass Reinforced Plastics (FRP) Market: Market Share Analysis
   14.2. Fiberglass Reinforced Plastics (FRP) Distributors and Customers
   14.3. Fiberglass Reinforced Plastics (FRP) Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Fiber-Tech
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Brianza Plastica
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. An-Cor
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Exel Composites
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Surendra Composites
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Arrowhead Plastic
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Dynaglass Reinforced Plastic
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Heatex
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. COMPANY9
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. COMPANY 10
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. COMPANY 11
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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