Market Overview:
The global glass fiber reinforced plastics (GFRP) 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 GFRP in wind energy, transportation, marine, pipe & tanks and other applications. North America is expected to lead the market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Glass fiber reinforced plastics (GFRP) are composite materials made of a polymer matrix reinforced by glass fibers. The glass fibers give the material high strength-to-weight and stiffness-to-weight ratios. The most common polymer matrix is epoxy, but other matrices can also be used, such as vinyl ester and polyurethane.
Polyester:
Polyester is a synthetic, thermoplastic polymer. It is produced from the polymerization of ethylene and oxygen. Polyester can be segmented on the basis of different products such as polyethylene terephthalate (PET), high-density polyethylene (HDPE), low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE).
Vinyl Ester:
Vinyl ester is a chemical compound of the class polyester and is produced from two molecules of ethylene and one molecule of butane. It has similar properties as that of vinyl chloride, which makes it useful in various applications.
Application Insights:
The transportation application segment led the global glass fiber reinforced plastics market and accounted for more than 35.0% of the revenue share in 2017. The segment is projected to expand at a steady CAGR from 2018 to 2030 owing to rising demand in automobiles, commercial vehicles, and trucks for manufacturing bodies that are lightweight but strong enough to bear high impact forces.
Wind energy is another key application sector where these products are used for manufacturing components including blades, towers, nacelles and turbines that are highly durable and efficient. Moreover, increasing government support & subsidies along with growing concerns regarding greenhouse gas emissions has resulted in increased adoption of wind energy across various countries worldwide which will drive growth over the forecast period.
Regional Analysis:
North America dominated the global glass fiber reinforced plastics market in 2016 and is expected to continue over the forecast period. The growth of this region can be attributed to increasing use of glass fiber reinforced plastics in wind energy applications. Stringent regulations on wind farm construction by governments are driving industry participants to find innovative ways for manufacturing green buildings using eco-friendly materials, which is likely to drive product demand over the next eight years.
The Asia Pacific regional market captured a revenue share of 15% in 2016 and is anticipated to witness significant growth over the forecast period owing high economic development along with rapid industrialization and urbanization across countries such as China, India, Indonesia, South Korea & Japan etcetera.
Europe was estimated at USD X million in 2016.
Growth Factors:
- Growing demand from the automotive industry for lightweight and fuel-efficient vehicles
- Increasing use of GFRP in wind energy applications due to its superior mechanical properties
- Rising demand for GFRP composites in construction and infrastructure projects
- Growing popularity of GFRP products in the consumer goods sector
- Proliferation of advanced manufacturing technologies that are helping reduce production costs
Scope Of The Report
Report Attributes
Report Details
Report Title
Glass Fiber Reinforced Plastics Market Research Report
By Type
Polyester, Vinyl Ester, Epoxy, Polyurethane, Peek Resin, Others
By Application
Wind Energy, Transportation, Marine, Pipe & Tanks, Others
By Companies
Advanced Glassfiber Yarns, Asahi Glass, BASF, PPG, Binani 3b-The Fibreglass, Owens Corning, Chomarat Group, Johns Manville, Jushi Group, Nippon Sheet Glass, Advanced Glassfiber Yarns, Saertex Group, Saint-Gobain Vetrotex, Taishan Fiberglass, Chongqing Polycomp, Shanghai Xiao-Bao FRP
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Glass Fiber Reinforced Plastics Market Report Segments:
The global Glass Fiber Reinforced Plastics market is segmented on the basis of:
Types
Polyester, Vinyl Ester, Epoxy, Polyurethane, Peek Resin, 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
Wind Energy, Transportation, Marine, Pipe & Tanks, 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:
- Advanced Glassfiber Yarns
- Asahi Glass
- BASF
- PPG
- Binani 3b-The Fibreglass
- Owens Corning
- Chomarat Group
- Johns Manville
- Jushi Group
- Nippon Sheet Glass
- Advanced Glassfiber Yarns
- Saertex Group
- Saint-Gobain Vetrotex
- Taishan Fiberglass
- Chongqing Polycomp
- Shanghai Xiao-Bao FRP
Highlights of The Glass Fiber Reinforced Plastics 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
- Peek Resin
- Others
- By Application:
- Wind Energy
- Transportation
- Marine
- Pipe & Tanks
- 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 Plastics 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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- 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 fiber reinforced plastics (GFRP) is a type of plastic that uses glass fibers as reinforcement. This makes the plastic stronger and more resistant to damage. GFRP is often used in applications where strength and durability are important, such as construction materials, automotive parts, and medical devices.
Some of the major companies in the glass fiber reinforced plastics market are Advanced Glassfiber Yarns, Asahi Glass, BASF, PPG, Binani 3b-The Fibreglass, Owens Corning, Chomarat Group, Johns Manville, Jushi Group, Nippon Sheet Glass, Advanced Glassfiber Yarns, Saertex Group, Saint-Gobain Vetrotex, Taishan Fiberglass, Chongqing Polycomp, Shanghai Xiao-Bao FRP.
The glass fiber reinforced plastics market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Glass Fiber Reinforced Plastics 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 Plastics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Glass Fiber Reinforced Plastics 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 Plastics 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 Plastics Market Size & Forecast, 2018-2028
4.5.1 Glass Fiber Reinforced Plastics Market Size and Y-o-Y Growth
4.5.2 Glass Fiber Reinforced Plastics Market Absolute $ Opportunity
Chapter 5 Global Glass Fiber Reinforced Plastics 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 Plastics 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 Peek Resin
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Glass Fiber Reinforced Plastics 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 Plastics Market Size Forecast by Applications
6.2.1 Wind Energy
6.2.2 Transportation
6.2.3 Marine
6.2.4 Pipe & Tanks
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Glass Fiber Reinforced Plastics 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 Plastics 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 Plastics Analysis and Forecast
9.1 Introduction
9.2 North America Glass Fiber Reinforced Plastics 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 Plastics 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 Peek Resin
9.6.6 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 Plastics Market Size Forecast by Applications
9.10.1 Wind Energy
9.10.2 Transportation
9.10.3 Marine
9.10.4 Pipe & Tanks
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 Plastics Analysis and Forecast
10.1 Introduction
10.2 Europe Glass Fiber Reinforced Plastics 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 Plastics 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 Peek Resin
10.6.6 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 Plastics Market Size Forecast by Applications
10.10.1 Wind Energy
10.10.2 Transportation
10.10.3 Marine
10.10.4 Pipe & Tanks
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 Plastics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Glass Fiber Reinforced Plastics 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 Plastics 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 Peek Resin
11.6.6 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 Plastics Market Size Forecast by Applications
11.10.1 Wind Energy
11.10.2 Transportation
11.10.3 Marine
11.10.4 Pipe & Tanks
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 Plastics Analysis and Forecast
12.1 Introduction
12.2 Latin America Glass Fiber Reinforced Plastics 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 Plastics 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 Peek Resin
12.6.6 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 Plastics Market Size Forecast by Applications
12.10.1 Wind Energy
12.10.2 Transportation
12.10.3 Marine
12.10.4 Pipe & Tanks
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 Plastics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Glass Fiber Reinforced Plastics 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 Plastics 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 Peek Resin
13.6.6 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 Plastics Market Size Forecast by Applications
13.10.1 Wind Energy
13.10.2 Transportation
13.10.3 Marine
13.10.4 Pipe & Tanks
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 Plastics Market: Competitive Dashboard
14.2 Global Glass Fiber Reinforced Plastics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advanced Glassfiber Yarns
14.3.2 Asahi Glass
14.3.3 BASF
14.3.4 PPG
14.3.5 Binani 3b-The Fibreglass
14.3.6 Owens Corning
14.3.7 Chomarat Group
14.3.8 Johns Manville
14.3.9 Jushi Group
14.3.10 Nippon Sheet Glass
14.3.11 Advanced Glassfiber Yarns
14.3.12 Saertex Group
14.3.13 Saint-Gobain Vetrotex
14.3.14 Taishan Fiberglass
14.3.15 Chongqing Polycomp
14.3.16 Shanghai Xiao-Bao FRP
