Market Overview:
The global glass reinforced polyester market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for glass reinforced polyester in various applications, such as films, coatings, and others. In terms of type, the unsaturated polyester segment is expected to lead the global glass reinforced polyester market during the forecast period. This can be attributed to its properties such as high strength-to-weight ratio and chemical resistance. In terms of application, the film segment is projected to lead the global glass reinforced polyester market during the forecast period owing to its growing demand from end-use industries such as automotive and construction.
Product Definition:
Glass Reinforced Polyester (GRP) is a composite material made of polyester resin and fiberglass. It is used in a variety of applications, including boatbuilding, automotive parts, and wind turbines. GRP is strong and durable, yet lightweight, making it an ideal material for many applications.
Unsaturated Polyester:
Unsaturated polyester or UPE is a polymer, which contains carbon and hydrogen. It can be segmented into two types on the basis of its physical properties and chemical composition. One type of unsaturated polyester resin is produced by heating PET resins to their softening temperature (Tm).
Epoxy Resin:
Epoxy resin is a thermosetting polymer, which contains an epoxide group. It is manufactured by the catalytic oxidation of ethylene oxide in the presence of oxygen and under high pressure. Epoxy resins are used to produce glass-reinforced polyester composites for applications including automotive parts, sports equipment, construction materials and electronics owing to their excellent mechanical strength resistance properties.
Application Insights:
The demand for glass reinforced polyester in the film application segment accounted for 35.9% of the global market share in terms of volume in 2017. The product is widely used to produce bottles and containers that are lightweight, strong, and resistant to impact and heat. These products also exhibit excellent chemical resistance which makes them suitable for food packaging applications as well as pharmaceutical industries.
The coating application segment is projected to witness a CAGR of XX% from 2018 to 2030 owing to increasing use of G-PROP on aluminum extrusions & components used in building & construction industry such as windows, doorframes, skylights & roofing systems among others globally due its high strength-to-weight ratio along with good corrosion resistance properties offered by glass composites over conventional metals.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 35.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for automobiles and aerospace industry coupled with growing popularity of FRP as an alternative material for steel in various applications such as building & construction, bridges, marine structures, and others.
The U.S., being one of the major automotive manufacturing hubs across the globe has witnessed increased production activities from various automobile manufacturers including Ford Motors Company; General Motors Company; and Fiat Chrysler Automobiles N.V., which is anticipated to propel product demand across different application areas within automotive sector including body components (frames), engine parts (heads), interior panels/trim components, etc.
Europe was valued at USD X million in 2017.
Growth Factors:
- Growing demand from the automotive industry for lightweight and durable components
- Increasing use of GRP in construction and infrastructure projects due to its corrosion-resistant properties
- Rising demand for GRP products in the marine sector due to their high strength-to-weight ratio
- Growing popularity of GRP as a replacement for traditional materials in a variety of applications
- Technological advancements that have led to the development of new and improved GRP products
Scope Of The Report
Report Attributes
Report Details
Report Title
Glass Reinforced Polyester Market Research Report
By Type
Unsaturated Polyester, Epoxy Resin, Phenolic Resin
By Application
Film, Coating, Others
By Companies
KOLON, Acrylite, JLM, 3M, Abtech, Glassfiber Produkter AS
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Glass Reinforced Polyester Market Report Segments:
The global Glass Reinforced Polyester market is segmented on the basis of:
Types
Unsaturated Polyester, Epoxy Resin, Phenolic Resin
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
Film, Coating, 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:
- KOLON
- Acrylite
- JLM
- 3M
- Abtech
- Glassfiber Produkter AS
Highlights of The Glass Reinforced Polyester 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:
- Unsaturated Polyester
- Epoxy Resin
- Phenolic Resin
- By Application:
- Film
- Coating
- 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 Reinforced Polyester 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?
Glass Reinforced Polyester is a type of plastic that is made from two or more types of polymers. The polymers are blended together to create a strong and durable material. Glass Reinforced Polyester is often used in products that need to be resistant to scratches, dents, and tears.
Some of the major players in the glass reinforced polyester market are KOLON, Acrylite, JLM, 3M, Abtech, Glassfiber Produkter AS.
The glass reinforced polyester market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Glass Reinforced Polyester 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 Reinforced Polyester Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Glass Reinforced Polyester Market - Supply Chain
4.5. Global Glass Reinforced Polyester Market Forecast
4.5.1. Glass Reinforced Polyester Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Glass Reinforced Polyester Market Size (000 Units) and Y-o-Y Growth
4.5.3. Glass Reinforced Polyester Market Absolute $ Opportunity
5. Global Glass Reinforced Polyester 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 Reinforced Polyester Market Size and Volume Forecast by Type
5.3.1. Unsaturated Polyester
5.3.2. Epoxy Resin
5.3.3. Phenolic Resin
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Glass Reinforced Polyester 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 Reinforced Polyester Market Size and Volume Forecast by Application
6.3.1. Film
6.3.2. Coating
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Glass Reinforced Polyester 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 Reinforced Polyester 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 Reinforced Polyester 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 Reinforced Polyester 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 Reinforced Polyester Demand Share Forecast, 2019-2026
9. North America Glass Reinforced Polyester 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 Reinforced Polyester 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 Reinforced Polyester Market Size and Volume Forecast by Application
9.4.1. Film
9.4.2. Coating
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Glass Reinforced Polyester Market Size and Volume Forecast by Type
9.7.1. Unsaturated Polyester
9.7.2. Epoxy Resin
9.7.3. Phenolic Resin
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 Reinforced Polyester Demand Share Forecast, 2019-2026
10. Latin America Glass Reinforced Polyester 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 Reinforced Polyester 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 Reinforced Polyester Market Size and Volume Forecast by Application
10.4.1. Film
10.4.2. Coating
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Glass Reinforced Polyester Market Size and Volume Forecast by Type
10.7.1. Unsaturated Polyester
10.7.2. Epoxy Resin
10.7.3. Phenolic Resin
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 Reinforced Polyester Demand Share Forecast, 2019-2026
11. Europe Glass Reinforced Polyester 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 Reinforced Polyester 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 Reinforced Polyester Market Size and Volume Forecast by Application
11.4.1. Film
11.4.2. Coating
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Glass Reinforced Polyester Market Size and Volume Forecast by Type
11.7.1. Unsaturated Polyester
11.7.2. Epoxy Resin
11.7.3. Phenolic Resin
11.8. Basis Point hare (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 Reinforced Polyester Demand Share, 2019-2026
12. Asia Pacific Glass Reinforced Polyester 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 Reinforced Polyester 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 Reinforced Polyester Market Size and Volume Forecast by Application
12.4.1. Film
12.4.2. Coating
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Glass Reinforced Polyester Market Size and Volume Forecast by Type
12.7.1. Unsaturated Polyester
12.7.2. Epoxy Resin
12.7.3. Phenolic Resin
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 Reinforced Polyester Demand Share, 2019-2026
13. Middle East & Africa Glass Reinforced Polyester 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 Reinforced Polyester 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 Reinforced Polyester Market Size and Volume Forecast by Application
13.4.1. Film
13.4.2. Coating
13.4.3. 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 Reinforced Polyester Market Size and Volume Forecast by Type
13.7.1. Unsaturated Polyester
13.7.2. Epoxy Resin
13.7.3. Phenolic Resin
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 Reinforced Polyester Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Glass Reinforced Polyester Market: Market Share Analysis
14.2. Glass Reinforced Polyester Distributors and Customers
14.3. Glass Reinforced Polyester Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. KOLON
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Acrylite
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. JLM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. 3M
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Abtech
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Glassfiber Produkter AS
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
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
