Market Overview:
The global fiber reinforced polymer composite materials market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and durable materials across various applications. In terms of type, the glass fibers segment is expected to lead the market during the forecast period, owing to its high strength-to-weight ratio and corrosion resistance properties. In terms of application, motor vehicles is expected to be the largest segment during the forecast period, as composites are increasingly being used in manufacturing light weight and fuel efficient vehicles.
Product Definition:
Fiber Reinforced Polymer Composite Materials are materials made from a polymer matrix and fibers. The fibers can be glass, carbon, or other materials. These composites have many advantages over traditional materials such as metals. They are strong and lightweight, and can be molded into many shapes.
Glass Fibers:
Glass fibers are thin fibers made from silica that is extracted from sand. Glass fiber composites are used in various end-use industries including automotive, construction, marine and electronics owing to their properties such as high strength, stiffness and low weight. The growing demand for lightweight materials in the automotive industry is expected to drive glass fiber's growth over the forecast period.
Carbon Fibers:
Carbon fibers are carbon atoms bonded together in crystals to attain high strength-to-weight ratio. They are available in various forms, including aramid, semi-aramid, and para-aramid. The most commonly used type of carbon fiber is the aramid fiber which provides superior performance under extreme conditions for aerospace engineering applications such as aircraft structures and engine components.
Application Insights:
The motor vehicles segment led the global market and accounted for more than a 38% share of the overall revenue in 2017. The growth of this segment is attributed to increasing sales of passenger cars and commercial vehicles, especially in developing countries such as India, China and Brazil. Rising income levels have enabled people to purchase automobiles in these countries which has boosted demand for fiber reinforced polymer composite materials.
Aerospace is expected to be one of the fastest growing application segments over the forecast period owing to increasing use of composites in aircraft manufacturing including wings, fuselage panels, landing gear doors and other components. In addition, rising R&D investments by major aerospace players are expected to boost product demand over the next seven years from 2018-2030AD (YOE).
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to increasing demand for vehicles and machinery, growing construction industry, and rapid developments in aerospace & defense sector. In North America, the U.S., Canada, and Mexico are expected to dominate the industry over the forecast period owing to their high consumption of reinforcing materials as a result of increased production of motor vehicles and consumer electronics products.
The Asia Pacific is projected to be one of fastest-growing regions during the forecast years due to rising product demand from developing countries such as India, China, Indonesia etc.; infrastructure development; advancements in automotive & transportation; expansionary economic policies adopted by various governments; favorable climatic conditions (i.e., abundant rainfall); etc.).
Growth Factors:
- Increasing demand from the automotive and aerospace industries for lightweight materials with high strength-to-weight ratios is expected to drive the growth of the fiber reinforced polymer composite materials market.
- The increasing use of fiber reinforced polymer composite materials in wind turbines owing to their superior properties such as light weight, corrosion resistance, and high strength is also anticipated to boost the market growth.
- Growing demand for FRP composites from construction and infrastructure sectors for applications such as roofing, cladding, flooring, decking, and fencing is projected to fuel market expansion during the forecast period.
- Rising awareness about the benefits of using FRP composites over traditional materials is likely to propel demand in various end-use industries in coming years.
- Technological advancements that have led to development of new products with enhanced properties are expected to create opportunities for players operating in this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Fiber Reinforced Polymer Composite Materials Market Research Report
By Type
Glass Fibers, Carbon Fibers, Aramid Fibers, Others
By Application
Motor Vehicles, Construction, Electrical & Electronics, Consumer Durables, Aircraft & Aerospace, Others
By Companies
BASF, DuPont, Owens Corning, PPG Industries, Premix Incorporated, AGY Holding Corporation, AOC, Ferro Corporation, Hanwha Group, Huntsman, Hexcel Corporation, Interplastic Corporation, PolyOne Corporation, Rogers Corporation, RTP Company, Saudi Basic Industries Corporation, Teijin, Schulman (A.) Incorporated, Total, Strongwell Corporation
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Fiber Reinforced Polymer Composite Materials Market Report Segments:
The global Fiber Reinforced Polymer Composite Materials market is segmented on the basis of:
Types
Glass Fibers, Carbon Fibers, Aramid Fibers, 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
Motor Vehicles, Construction, Electrical & Electronics, Consumer Durables, Aircraft & Aerospace, 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
- Owens Corning
- PPG Industries
- Premix Incorporated
- AGY Holding Corporation
- AOC
- Ferro Corporation
- Hanwha Group
- Huntsman
- Hexcel Corporation
- Interplastic Corporation
- PolyOne Corporation
- Rogers Corporation
- RTP Company
- Saudi Basic Industries Corporation
- Teijin
- Schulman (A.) Incorporated
- Total
- Strongwell Corporation
Highlights of The Fiber Reinforced Polymer Composite Materials 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 Fibers
- Carbon Fibers
- Aramid Fibers
- Others
- By Application:
- Motor Vehicles
- Construction
- Electrical & Electronics
- Consumer Durables
- Aircraft & Aerospace
- 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 Polymer Composite Materials 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
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- Consumer Insights
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- Product & Brand Management
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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 Polymer Composite Materials (FRPMCM) are a type of composite material that is made up of multiple layers of fiber-reinforced polymer. The fibers in FRPMCM help to strengthen the material and make it more resistant to damage. This makes FRPMCM a popular choice for applications that require high levels of durability, such as aircrafts and bridges.
Some of the major players in the fiber reinforced polymer composite materials market are BASF, DuPont, Owens Corning, PPG Industries, Premix Incorporated, AGY Holding Corporation, AOC, Ferro Corporation, Hanwha Group, Huntsman, Hexcel Corporation, Interplastic Corporation, PolyOne Corporation, Rogers Corporation, RTP Company, Saudi Basic Industries Corporation, Teijin, Schulman (A.) Incorporated, Total, Strongwell Corporation.
The fiber reinforced polymer composite materials market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fiber Reinforced Polymer Composite Materials Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fiber Reinforced Polymer Composite Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fiber Reinforced Polymer Composite Materials Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fiber Reinforced Polymer Composite Materials Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fiber Reinforced Polymer Composite Materials Market Size & Forecast, 2018-2028
4.5.1 Fiber Reinforced Polymer Composite Materials Market Size and Y-o-Y Growth
4.5.2 Fiber Reinforced Polymer Composite Materials Market Absolute $ Opportunity
Chapter 5 Global Fiber Reinforced Polymer Composite Materials Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Fiber Reinforced Polymer Composite Materials Market Size Forecast by Type
5.2.1 Glass Fibers
5.2.2 Carbon Fibers
5.2.3 Aramid Fibers
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fiber Reinforced Polymer Composite Materials Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Fiber Reinforced Polymer Composite Materials Market Size Forecast by Applications
6.2.1 Motor Vehicles
6.2.2 Construction
6.2.3 Electrical & Electronics
6.2.4 Consumer Durables
6.2.5 Aircraft & Aerospace
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fiber Reinforced Polymer Composite Materials Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fiber Reinforced Polymer Composite Materials Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Fiber Reinforced Polymer Composite Materials Analysis and Forecast
9.1 Introduction
9.2 North America Fiber Reinforced Polymer Composite Materials Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Fiber Reinforced Polymer Composite Materials Market Size Forecast by Type
9.6.1 Glass Fibers
9.6.2 Carbon Fibers
9.6.3 Aramid Fibers
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Fiber Reinforced Polymer Composite Materials Market Size Forecast by Applications
9.10.1 Motor Vehicles
9.10.2 Construction
9.10.3 Electrical & Electronics
9.10.4 Consumer Durables
9.10.5 Aircraft & Aerospace
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Fiber Reinforced Polymer Composite Materials Analysis and Forecast
10.1 Introduction
10.2 Europe Fiber Reinforced Polymer Composite Materials Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Fiber Reinforced Polymer Composite Materials Market Size Forecast by Type
10.6.1 Glass Fibers
10.6.2 Carbon Fibers
10.6.3 Aramid Fibers
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Fiber Reinforced Polymer Composite Materials Market Size Forecast by Applications
10.10.1 Motor Vehicles
10.10.2 Construction
10.10.3 Electrical & Electronics
10.10.4 Consumer Durables
10.10.5 Aircraft & Aerospace
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Fiber Reinforced Polymer Composite Materials Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fiber Reinforced Polymer Composite Materials Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Fiber Reinforced Polymer Composite Materials Market Size Forecast by Type
11.6.1 Glass Fibers
11.6.2 Carbon Fibers
11.6.3 Aramid Fibers
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Fiber Reinforced Polymer Composite Materials Market Size Forecast by Applications
11.10.1 Motor Vehicles
11.10.2 Construction
11.10.3 Electrical & Electronics
11.10.4 Consumer Durables
11.10.5 Aircraft & Aerospace
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Fiber Reinforced Polymer Composite Materials Analysis and Forecast
12.1 Introduction
12.2 Latin America Fiber Reinforced Polymer Composite Materials Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Fiber Reinforced Polymer Composite Materials Market Size Forecast by Type
12.6.1 Glass Fibers
12.6.2 Carbon Fibers
12.6.3 Aramid Fibers
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Fiber Reinforced Polymer Composite Materials Market Size Forecast by Applications
12.10.1 Motor Vehicles
12.10.2 Construction
12.10.3 Electrical & Electronics
12.10.4 Consumer Durables
12.10.5 Aircraft & Aerospace
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Fiber Reinforced Polymer Composite Materials Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fiber Reinforced Polymer Composite Materials Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Fiber Reinforced Polymer Composite Materials Market Size Forecast by Type
13.6.1 Glass Fibers
13.6.2 Carbon Fibers
13.6.3 Aramid Fibers
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Fiber Reinforced Polymer Composite Materials Market Size Forecast by Applications
13.10.1 Motor Vehicles
13.10.2 Construction
13.10.3 Electrical & Electronics
13.10.4 Consumer Durables
13.10.5 Aircraft & Aerospace
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fiber Reinforced Polymer Composite Materials Market: Competitive Dashboard
14.2 Global Fiber Reinforced Polymer Composite Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 DuPont
14.3.3 Owens Corning
14.3.4 PPG Industries
14.3.5 Premix Incorporated
14.3.6 AGY Holding Corporation
14.3.7 AOC
14.3.8 Ferro Corporation
14.3.9 Hanwha Group
14.3.10 Huntsman
14.3.11 Hexcel Corporation
14.3.12 Interplastic Corporation
14.3.13 PolyOne Corporation
14.3.14 Rogers Corporation
14.3.15 RTP Company
14.3.16 Saudi Basic Industries Corporation
14.3.17 Teijin
14.3.18 Schulman (A.) Incorporated
14.3.19 Total
14.3.20 Strongwell Corporation
