Market Overview:
The global glass fiber reinforced plastic composites market is expected to grow at a CAGR of 6.5% during the forecast period 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 polyester segment is expected to lead the global glass fiber reinforced plastic composites market during the forecast period. This can be attributed to its low cost and easy availability as compared to other types of glass fiber reinforced plastic composites. In terms of application, automotive is expected to lead the global glass fiber reinforced plastic composites market during the forecast period owing to increasing demand for lightweight vehicles across all regions.
Product Definition:
A fiber-reinforced plastic (FRP) is a composite material made of a plastic matrix reinforced with fibrous materials. The most common reinforcing fibers are glass fibers, carbon fibers, and aramid fibers. FRPs are commonly used in the aerospace, automotive, marine, and construction industries.
Polyester:
Polyester is a synthetic, heat-resistant fiber that was first developed as an artificial fiber for textile applications. Polyester has found its way into many industries and has become one of the most important fibers in terms of application and usage. It is extensively used in automotive components such as engine covers, gaskets, spark plugs wires cables insulation owing to high tensile strength and abrasion resistance properties.
Vinyl Ester:
Vinyl ester is a polymer and it's prepared by the chemical reaction between vinyl alcohol and phthalic anhydride. It has high molecular weight which gives it strength to plastic composites. The product also imparts flame resistance property to the finished products. It can be used as adhesives, sealants, coatings or in molding applications depending on its formulation along with other additives like catalysts & accelerators, colorants & fillers etc.
Application Insights:
The automotive application segment led the global glass fiber reinforced plastic composites market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for lightweight vehicles, which reduces fuel consumption and emission thus contributing toward sustainable transportation system development. Moreover, growing preference for electric vehicles owing to improved environmental performance coupled with technological advancements in batteries is expected to drive the demand further over the coming years.
Automotive applications include body structure reinforcement and interior components such as airbags, headliners/trim strips/seats etc., Increasing use of plastics in automobile manufacturing on account of high mechanical strength & impact resistance offered by these materials compared to metals & alloys is anticipated drive product demand further over the coming years.
Regional Analysis:
North America dominated the global market in terms of revenue in 2017. The region is expected to witness moderate growth over the forecast period owing to a decline in automotive production and investments by governments for infrastructure development.
The European glass fiber reinforced plastics industry is highly competitive on account of high product penetration and presence of major players such as Coventya, GFRP S.p.A., Henkel AG & Co., Kvaser A/S, RTB Group PLC, and Resinbound Ltd among others.
Growth Factors:
- Growing demand from the automotive industry for lightweight and fuel-efficient vehicles is expected to drive the growth of the glass fiber reinforced plastic composites market.
- The increasing use of glass fiber reinforced plastic composites in wind energy applications is also projected to boost the market growth during the forecast period.
- Rising demand for consumer electronics owing to technological advancements is anticipated to create new opportunities for glass fiber reinforced plastic composites market players in this sector.
- Increasing application of these composites in construction and infrastructure projects is another key factor that would propel their demand over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Glass Fiber Reinforced Plastic Composites Market Research Report
By Type
Polyester, Vinyl Ester, Epoxy, Polyurethane, Others
By Application
Automotive, Aerospace and Defense, Electrical and Electronics, Construction and Infrastructure, Others
By Companies
Huntsman Corporation, Scott Bader, Gurit Holding, Owens Corning, CPIC, Jushi Group, PPG Industries, Taishan Fiberglass
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 Glass Fiber Reinforced Plastic Composites Market Report Segments:
The global Glass Fiber Reinforced Plastic Composites market is segmented on the basis of:
Types
Polyester, Vinyl Ester, Epoxy, Polyurethane, 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
Automotive, Aerospace and Defense, Electrical and Electronics, Construction and Infrastructure, 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:
- Huntsman Corporation
- Scott Bader
- Gurit Holding
- Owens Corning
- CPIC
- Jushi Group
- PPG Industries
- Taishan Fiberglass
Highlights of The Glass Fiber Reinforced Plastic Composites 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:
- Polyester
- Vinyl Ester
- Epoxy
- Polyurethane
- Others
- By Application:
- Automotive
- Aerospace and Defense
- Electrical and Electronics
- Construction and Infrastructure
- 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 Plastic Composites 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
- Understanding Competition Scenario
- 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?
Glass fiber reinforced plastic composites (GFRPCs) are a type of composite material that is made up of two or more types of plastics. The glass fibers help to reinforce the plastic and make it stronger. This makes GFRPCs a good choice for products that need to be strong but lightweight, such as car parts and furniture.
Some of the major companies in the glass fiber reinforced plastic composites market are Huntsman Corporation, Scott Bader, Gurit Holding, Owens Corning, CPIC, Jushi Group, PPG Industries, Taishan Fiberglass.
The glass fiber reinforced plastic composites 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 Glass Fiber Reinforced Plastic Composites 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 Glass Fiber Reinforced Plastic Composites Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Glass Fiber Reinforced Plastic Composites 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 Glass Fiber Reinforced Plastic Composites 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 Glass Fiber Reinforced Plastic Composites Market Size & Forecast, 2018-2028
4.5.1 Glass Fiber Reinforced Plastic Composites Market Size and Y-o-Y Growth
4.5.2 Glass Fiber Reinforced Plastic Composites Market Absolute $ Opportunity
Chapter 5 Global Glass Fiber Reinforced Plastic Composites 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 Glass Fiber Reinforced Plastic Composites Market Size Forecast by Type
5.2.1 Polyester
5.2.2 Vinyl Ester
5.2.3 Epoxy
5.2.4 Polyurethane
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Glass Fiber Reinforced Plastic Composites 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 Glass Fiber Reinforced Plastic Composites Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Aerospace and Defense
6.2.3 Electrical and Electronics
6.2.4 Construction and Infrastructure
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Glass Fiber Reinforced Plastic Composites 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 Glass Fiber Reinforced Plastic Composites 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 Glass Fiber Reinforced Plastic Composites Analysis and Forecast
9.1 Introduction
9.2 North America Glass Fiber Reinforced Plastic Composites 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 Glass Fiber Reinforced Plastic Composites Market Size Forecast by Type
9.6.1 Polyester
9.6.2 Vinyl Ester
9.6.3 Epoxy
9.6.4 Polyurethane
9.6.5 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 Glass Fiber Reinforced Plastic Composites Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Aerospace and Defense
9.10.3 Electrical and Electronics
9.10.4 Construction and Infrastructure
9.10.5 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 Glass Fiber Reinforced Plastic Composites Analysis and Forecast
10.1 Introduction
10.2 Europe Glass Fiber Reinforced Plastic Composites 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 Glass Fiber Reinforced Plastic Composites Market Size Forecast by Type
10.6.1 Polyester
10.6.2 Vinyl Ester
10.6.3 Epoxy
10.6.4 Polyurethane
10.6.5 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 Glass Fiber Reinforced Plastic Composites Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Aerospace and Defense
10.10.3 Electrical and Electronics
10.10.4 Construction and Infrastructure
10.10.5 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 Glass Fiber Reinforced Plastic Composites Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Glass Fiber Reinforced Plastic Composites 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 Glass Fiber Reinforced Plastic Composites Market Size Forecast by Type
11.6.1 Polyester
11.6.2 Vinyl Ester
11.6.3 Epoxy
11.6.4 Polyurethane
11.6.5 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 Glass Fiber Reinforced Plastic Composites Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Aerospace and Defense
11.10.3 Electrical and Electronics
11.10.4 Construction and Infrastructure
11.10.5 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 Glass Fiber Reinforced Plastic Composites Analysis and Forecast
12.1 Introduction
12.2 Latin America Glass Fiber Reinforced Plastic Composites 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 Glass Fiber Reinforced Plastic Composites Market Size Forecast by Type
12.6.1 Polyester
12.6.2 Vinyl Ester
12.6.3 Epoxy
12.6.4 Polyurethane
12.6.5 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 Glass Fiber Reinforced Plastic Composites Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Aerospace and Defense
12.10.3 Electrical and Electronics
12.10.4 Construction and Infrastructure
12.10.5 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) Glass Fiber Reinforced Plastic Composites Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Glass Fiber Reinforced Plastic Composites 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) Glass Fiber Reinforced Plastic Composites Market Size Forecast by Type
13.6.1 Polyester
13.6.2 Vinyl Ester
13.6.3 Epoxy
13.6.4 Polyurethane
13.6.5 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) Glass Fiber Reinforced Plastic Composites Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Aerospace and Defense
13.10.3 Electrical and Electronics
13.10.4 Construction and Infrastructure
13.10.5 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 Glass Fiber Reinforced Plastic Composites Market: Competitive Dashboard
14.2 Global Glass Fiber Reinforced Plastic Composites Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Huntsman Corporation
14.3.2 Scott Bader
14.3.3 Gurit Holding
14.3.4 Owens Corning
14.3.5 CPIC
14.3.6 Jushi Group
14.3.7 PPG Industries
14.3.8 Taishan Fiberglass
