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.
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:
- Fiber-Tech
- Brianza Plastica
- An-Cor
- Exel Composites
- Surendra Composites
- Arrowhead Plastic
- Dynaglass Reinforced Plastic
- Heatex
Highlights of The Fiberglass 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:
- Thermosetting Plastic Products
- Thermoplastic Plastic Products
- By Application:
- Aerospace
- Automotive
- Marine
- Construction
- Other
- 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 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
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?
Fiberglass Reinforced Plastics (FRP) is a type of plastic that is made from fiberglass strands that are woven together to create a strong and durable material. FRP materials are often used in applications where strength and durability are important, such as boat hulls, wind turbines, and bridge decks.
Some of the key players operating in the fiberglass reinforced plastics (frp) market are Fiber-Tech, Brianza Plastica, An-Cor, Exel Composites, Surendra Composites, Arrowhead Plastic, Dynaglass Reinforced Plastic, Heatex.
The fiberglass reinforced plastics (frp) market is expected to register a CAGR of 5.5%.
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