Market Overview:
The global glass fiber reinforced polymer 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 polyester segment is expected to lead the global glass fiber reinforced polymer market during the forecast period. This can be attributed to its low cost and high strength properties as compared to other types of GFPRs. In terms of application, construction & infrastructure is expected to lead the global glass fiber reinforced polymer market during the forecast period owing to increasing investments in infrastructure development projects across various regions.
Product Definition:
A glass fiber reinforced polymer (GFRP) is a composite material made of a matrix of polymers reinforced with glass fibers. The polymer matrix can be made from thermoset plastics such as epoxy, polyester, and vinylester, or thermoplastic materials such as polypropylene (PP), polyamide (PA6), and polycarbonate (PC).
Polyester:
Polyester is a synthetic, heat-resistant fiber that was first developed as an artificial fiber for textile applications. It has excellent resistance to stretching and shrinking, high tensile strength, good elasticity and possesses good abrasion resistance. Polyester fibers are widely used in the manufacturing of fabrics such as apparel & home furnishing fabrics owing to its properties such as wrinkle-proof & easy cleaning characteristics along with high durability.
Vinyl Ester:
Vinyl ester is a polymer and an important additive in the glass fiber reinforced polymer (GFRP) industry. It is produced by chemical synthesis of vinyl alcohol with an alkali catalyst, such as sodium hydroxide or potassium hydroxide. The global demand for vinyl ester has been increasing on account of its wide range of applications in various industries including construction, automotive and electrical & electronics owing to high performance properties at low cost.
Application Insights:
The automotive application segment led the global market and accounted for more than 30.0% share of the overall revenue in 2017. The product is widely used in automotive body panels, including doors, hoods, roofs and trunk lids, as they are lightweight compared to conventional steel or fiberglass counterparts while offering similar strength properties.
The energy sector was one of the major consumers of GRP products with an estimated demand exceeding 1 million tons per year in 2016. Growing demand for electricity generation from renewable sources such as wind energy has resulted in increased investments across various countries to develop this sector further which is expected to propel growth over the forecast period.
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 construction spending and anemic automotive sales. Increasing use of glass fiber reinforced polymers for manufacturing lightweight components is anticipated to drive demand over the forecast period.
The Asia Pacific emerged as the fastest-growing regional market from 2018 to 2030, registering a CAGR of XX%. This can be attributed primarily to rising product demand from key application sectors including aerospace & defense, energy & power, healthcare & medical, and consumer goods among others.
Europe accounted for 23% share of total volume in 2017 owing to early adoption by several major automobile manufacturers coupled with high production volumes attained by these companies through their local manufacturing units located throughout Europe especially within Germany.
Growth Factors:
- Growing demand from the automotive industry for lightweight and durable components
- Increasing use of GFRP in wind energy applications due to its superior mechanical properties
- Rising demand for GFRP in construction and infrastructure projects due to its high strength-to-weight ratio
- Growing popularity of GFRP composites in marine applications due to their corrosion resistance properties
- Technological advancements that are making GFRP products more affordable and easier to manufacture
Scope Of The Report
Report Attributes
Report Details
Report Title
Glass Fiber Reinforced Polymer Market Research Report
By Type
Polyester, Vinyl Ester, Epoxy, Polyurethane
By Application
Energy, Automotive, Construction & Infrastructure, Electrical & Electronics, Aerospace & Defense, Healthcare, Consumer Goods, Other
By Companies
JEC, Chongqing Polycomp, Owens Corning, PPG, Johns Manville, Saint-Gobain, Nippon Sheet Glass, Binani, BFG, China Beihai Fiberglass, JEC, Jiangsu Jiuding New Material
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
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Glass Fiber Reinforced Polymer Market Report Segments:
The global Glass Fiber Reinforced Polymer market is segmented on the basis of:
Types
Polyester, Vinyl Ester, Epoxy, Polyurethane
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
Energy, Automotive, Construction & Infrastructure, Electrical & Electronics, Aerospace & Defense, Healthcare, Consumer Goods, Other
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:
- JEC
- Chongqing Polycomp
- Owens Corning
- PPG
- Johns Manville
- Saint-Gobain
- Nippon Sheet Glass
- Binani
- BFG
- China Beihai Fiberglass
- JEC
- Jiangsu Jiuding New Material
Highlights of The Glass Fiber Reinforced Polymer 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
- By Application:
- Energy
- Automotive
- Construction & Infrastructure
- Electrical & Electronics
- Aerospace & Defense
- Healthcare
- Consumer Goods
- Other
- 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 Polymer 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 fiber reinforced polymer (GFRP) is a composite material made of glass fibers and a polymeric resin. The resin provides the strength and durability while the glass fibers provide the flexibility and thermal insulation. GFRP is often used in applications where high performance, low weight, or both are required.
Some of the key players operating in the glass fiber reinforced polymer market are JEC, Chongqing Polycomp, Owens Corning, PPG, Johns Manville, Saint-Gobain, Nippon Sheet Glass, Binani, BFG, China Beihai Fiberglass, JEC, Jiangsu Jiuding New Material.
The glass fiber reinforced polymer 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 Polymer 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 Polymer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Glass Fiber Reinforced Polymer 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 Polymer 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 Polymer Market Size & Forecast, 2020-2028
4.5.1 Glass Fiber Reinforced Polymer Market Size and Y-o-Y Growth
4.5.2 Glass Fiber Reinforced Polymer Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Polyester
5.2.2 Vinyl Ester
5.2.3 Epoxy
5.2.4 Polyurethane
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Energy
6.2.2 Automotive
6.2.3 Construction & Infrastructure
6.2.4 Electrical & Electronics
6.2.5 Aerospace & Defense
6.2.6 Healthcare
6.2.7 Consumer Goods
6.2.8 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Glass Fiber Reinforced Polymer 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 Polymer 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Polyester
9.6.2 Vinyl Ester
9.6.3 Epoxy
9.6.4 Polyurethane
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 Market Size Forecast by Applications
9.10.1 Energy
9.10.2 Automotive
9.10.3 Construction & Infrastructure
9.10.4 Electrical & Electronics
9.10.5 Aerospace & Defense
9.10.6 Healthcare
9.10.7 Consumer Goods
9.10.8 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Polyester
10.6.2 Vinyl Ester
10.6.3 Epoxy
10.6.4 Polyurethane
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 Market Size Forecast by Applications
10.10.1 Energy
10.10.2 Automotive
10.10.3 Construction & Infrastructure
10.10.4 Electrical & Electronics
10.10.5 Aerospace & Defense
10.10.6 Healthcare
10.10.7 Consumer Goods
10.10.8 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Polyester
11.6.2 Vinyl Ester
11.6.3 Epoxy
11.6.4 Polyurethane
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 Market Size Forecast by Applications
11.10.1 Energy
11.10.2 Automotive
11.10.3 Construction & Infrastructure
11.10.4 Electrical & Electronics
11.10.5 Aerospace & Defense
11.10.6 Healthcare
11.10.7 Consumer Goods
11.10.8 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Polyester
12.6.2 Vinyl Ester
12.6.3 Epoxy
12.6.4 Polyurethane
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 Market Size Forecast by Applications
12.10.1 Energy
12.10.2 Automotive
12.10.3 Construction & Infrastructure
12.10.4 Electrical & Electronics
12.10.5 Aerospace & Defense
12.10.6 Healthcare
12.10.7 Consumer Goods
12.10.8 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Polyester
13.6.2 Vinyl Ester
13.6.3 Epoxy
13.6.4 Polyurethane
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) Market Size Forecast by Applications
13.10.1 Energy
13.10.2 Automotive
13.10.3 Construction & Infrastructure
13.10.4 Electrical & Electronics
13.10.5 Aerospace & Defense
13.10.6 Healthcare
13.10.7 Consumer Goods
13.10.8 Other
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 Polymer Market: Competitive Dashboard
14.2 Global Glass Fiber Reinforced Polymer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 JEC
14.3.2 Chongqing Polycomp
14.3.3 Owens Corning
14.3.4 PPG
14.3.5 Johns Manville
14.3.6 Saint-Gobain
14.3.7 Nippon Sheet Glass
14.3.8 Binani
14.3.9 BFG
14.3.10 China Beihai Fiberglass
14.3.11 JEC
14.3.12 Jiangsu Jiuding New Material
