The global glass fiber reinforced thermoplastic (GFRTP) composite market is expected to grow at a CAGR of 6.5% during the forecast period, to reach USD 3.2 billion by 2030 from USD 2.1 billion in 2018. The growth of this market is driven by the increasing demand for lightweight materials in various industries such as transport, construction, and electronics & electricals.
The GFRTP composite market has been segmented on the basis of type into roving glass fibers, chopped glass fibers, and yarn glass fibers; on the basis of application into transport, electro & electronics, construction and sport & leisure; and on the basis of region into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) and Middle East & Africa (MEA).
Some Of The Growth Factors Of This Market:
- GFRTP composites are used in the automotive industry for body panels, bumpers, and other exterior parts.
- GFRTP composites are also used in the aerospace industry for aircraft fuselages and wing structures.
- The use of GFRTP composites is expected to grow as a result of their high strength-to-weight ratio, which makes them lighter than metal or aluminum alloys while providing comparable strength levels.
- The use of GFRTP composites is expected to grow as a result of their high stiffness-to-weight ratio, which makes them stiffer than metal or aluminum alloys while providing comparable weight levels.
- The use of GFRTP composites is expected to grow as a result of their low thermal conductivity, which provides better insulation from heat transfer.
Industry Growth Insights published a new data on “Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market”. The research report is titled “Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market research by Types (Roving Glass Fibers, Chopped Glass Fibers, Yarn Glass Fibers), By Applications (Transport, Electro & Electronics, Construction, Sport & Leisure, Others), By Players/Companies BASF, Lanxess, DSM, SABIC, PolyOne, DuPont, Solvay, Hexion, Celanese, RTP, SI Group, Sumitomo Bakelite, Evonik, Daicel, Kolon, Denka, Mitsui Chemical, Prime Polymer, Japan Polypropylene Corporation, Quadrant Group, Xiamen LFT Composite Plastic”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Research Report
By Type
Roving Glass Fibers, Chopped Glass Fibers, Yarn Glass Fibers
By Application
Transport, Electro & Electronics, Construction, Sport & Leisure, Others
By Companies
BASF, Lanxess, DSM, SABIC, PolyOne, DuPont, Solvay, Hexion, Celanese, RTP, SI Group, Sumitomo Bakelite, Evonik, Daicel, Kolon, Denka, Mitsui Chemical, Prime Polymer, Japan Polypropylene Corporation, Quadrant Group, Xiamen LFT Composite Plastic
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
 Composite Industry Outlook.svg)
Global Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Report Segments:
The global Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite market is segmented on the basis of:
Types
Roving Glass Fibers, Chopped Glass Fibers, Yarn Glass Fibers
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
Transport, Electro & Electronics, Construction, Sport & Leisure, 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
- Lanxess
- DSM
- SABIC
- PolyOne
- DuPont
- Solvay
- Hexion
- Celanese
- RTP
- SI Group
- Sumitomo Bakelite
- Evonik
- Daicel
- Kolon
- Denka
- Mitsui Chemical
- Prime Polymer
- Japan Polypropylene Corporation
- Quadrant Group
- Xiamen LFT Composite Plastic
 Composite Market Overview.svg)
Highlights of The Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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:
- Roving Glass Fibers
- Chopped Glass Fibers
- Yarn Glass Fibers
- By Application:
- Transport
- Electro & Electronics
- Construction
- Sport & Leisure
- 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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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
 Composite 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?
Glass fiber reinforced thermo-plastic (GFRTP) composite is a type of composite material that is made up of two or more types of thermoplastic materials. The glass fibers add strength and stiffness to the plastic, while also providing thermal insulation. This makes GFRTP composites an ideal choice for applications that require both high strength and thermal insulation, such as wind turbines and aircraft wings.
Some of the major players in the glass fiber reinforced thermo-plastic (gfrtp) composite market are BASF, Lanxess, DSM, SABIC, PolyOne, DuPont, Solvay, Hexion, Celanese, RTP, SI Group, Sumitomo Bakelite, Evonik, Daicel, Kolon, Denka, Mitsui Chemical, Prime Polymer, Japan Polypropylene Corporation, Quadrant Group, Xiamen LFT Composite Plastic.
The glass fiber reinforced thermo-plastic (gfrtp) composite market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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. Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market - Supply Chain
4.5. Global Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Forecast
4.5.1. Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Size (000 Units) and Y-o-Y Growth
4.5.3. Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Absolute $ Opportunity
5. Global Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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. Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Size and Volume Forecast by Type
5.3.1. Roving Glass Fibers
5.3.2. Chopped Glass Fibers
5.3.3. Yarn Glass Fibers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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. Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Size and Volume Forecast by Application
6.3.1. Transport
6.3.2. Electro & Electronics
6.3.3. Construction
6.3.4. Sport & Leisure
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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. Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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. Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Demand Share Forecast, 2019-2026
9. North America Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Size and Volume Forecast by Application
9.4.1. Transport
9.4.2. Electro & Electronics
9.4.3. Construction
9.4.4. Sport & Leisure
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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Size and Volume Forecast by Type
9.7.1. Roving Glass Fibers
9.7.2. Chopped Glass Fibers
9.7.3. Yarn Glass Fibers
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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Demand Share Forecast, 2019-2026
10. Latin America Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Size and Volume Forecast by Application
10.4.1. Transport
10.4.2. Electro & Electronics
10.4.3. Construction
10.4.4. Sport & Leisure
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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Size and Volume Forecast by Type
10.7.1. Roving Glass Fibers
10.7.2. Chopped Glass Fibers
10.7.3. Yarn Glass Fibers
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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Demand Share Forecast, 2019-2026
11. Europe Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Size and Volume Forecast by Application
11.4.1. Transport
11.4.2. Electro & Electronics
11.4.3. Construction
11.4.4. Sport & Leisure
11.4.5. Others
11.5. Basis Point hare (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Size and Volume Forecast by Type
11.7.1. Roving Glass Fibers
11.7.2. Chopped Glass Fibers
11.7.3. Yarn Glass Fibers
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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Demand Share, 2019-2026
12. Asia Pacific Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Size and Volume Forecast by Application
12.4.1. Transport
12.4.2. Electro & Electronics
12.4.3. Construction
12.4.4. Sport & Leisure
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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Size and Volume Forecast by Type
12.7.1. Roving Glass Fibers
12.7.2. Chopped Glass Fibers
12.7.3. Yarn Glass Fibers
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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Demand Share, 2019-2026
13. Middle East & Africa Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Size and Volume Forecast by Application
13.4.1. Transport
13.4.2. Electro & Electronics
13.4.3. Construction
13.4.4. Sport & Leisure
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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market Size and Volume Forecast by Type
13.7.1. Roving Glass Fibers
13.7.2. Chopped Glass Fibers
13.7.3. Yarn Glass Fibers
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 Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Market: Market Share Analysis
14.2. Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite Distributors and Customers
14.3. Glass Fiber Reinforced Thermo-Plastic (GFRTP) Composite 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. Lanxess
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DSM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SABIC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. PolyOne
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DuPont
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Solvay
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hexion
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Celanese
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. RTP
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SI Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sumitomo Bakelite
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Evonik
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Daicel
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kolon
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Denka
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Mitsui Chemical
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Prime Polymer
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Japan Polypropylene Corporation
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Quadrant Group
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
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