Press release
Glass Fibre Reinforced Plastic Products Market Share is Expected to Witness Healthy Valuation of US$ 41.92 Billion by 2033: Fact.MR Analysis
Glass Fibre Reinforced Plastic Products Market
The global glass fiber reinforced plastic (GFRP) product market. is set to reach USD 18.54 billion by 2023 and it is projected to rise to USD 41.92 billion by 2033. A recent report by Fact.MR, a leading market research and competitive intelligence provider, predicts continued growth and forecasts a global compound annual growth rate (CAGR) of 8.5% in demand for glass fiber reinforced plastic products by 2033.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8758
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Johns Manville
BGF Industries
Asahi Glass Company Limited
Advanced Glassfiber Yarns LLC
Chomarat Group
Jushi Group Co. Ltd
Taishan Fibreglass Inc
Owens Corning, PPG Industries Inc
Binani 3B-The Fibreglass Company
Saertex Group
Chongqing Polycomp International Corp
Saint-Gobain Vetrotex
Nitto Boseki Co. Ltd
Nippon Sheet Glass Co. Ltd
In recent years, the market for Glass Fiber Reinforced Plastics (GFRP) products has experienced significant growth due to the increase in demand from various industries. This growing demand is shaping the GFRP industry landscape, with key players seizing opportunities for innovation, expansion and market positioning.
๐๐ก๐ ๐๐ข๐ฌ๐ ๐ข๐ง ๐๐๐ฆ๐๐ง๐:
The main factor behind the strong growth of the GFRP products market is the increasing awareness and adoption of these materials in various industries. GFRP is growing in popularity in the automotive, construction, aerospace and marine industries due to its exceptional strength-to-weight ratio, corrosion resistance and design versatility.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐๐ญ๐จ๐ซ:
One of the main factors in the growth of demand for GFRP products is the automotive industry. As manufacturers strive to produce lightweight yet durable vehicles that meet strict fuel efficiency standards, GFRP has become the material of choice for components such as body panels, interiors and structural members. This change not only improves the overall performance of the vehicle, but also contributes to sustainability goals by reducing fuel consumption and emissions.
๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐จ๐จ๐ฆ:
In the construction industry, GFRP is gaining traction as an alternative to traditional materials such as steel and concrete. Its resistance to corrosion and weathering combined with high strength makes it an ideal choice for applications such as rebar, bridge decks and building facades. The construction industry's increasing emphasis on durable and sustainable building materials will further increase the demand for GFRP.
๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ ๐๐ง๐ ๐๐๐ฒ๐จ๐ง๐:
The aerospace industry has long recognized the benefits of GFRP, using its properties in aircraft components that require both strength and lightness. This trend is expected to continue as GFRP finds new applications in aircraft interiors, wings and other critical structures. In addition to the aerospace industry, the material enters other high-performance sectors such as wind energy, sports and leisure, and the electrical industry.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
Market leaders are committed to continuous product innovation with the goal of providing cutting-edge Glass Fiber Reinforced Plastic (GFRP) solutions that meet the changing demands of end-use industries. They actively invest in research and development projects to improve the performance, durability and aesthetic properties of GFRP products. Anticipated strategies include new product introductions, collaborations and partnerships to increase customer appeal and maintain competitive advantage.
In February 2023, Toray Industries, Inc. made a groundbreaking announcement introducing an innovative high-speed thermal welding technology. specially adapted for carbon fiber reinforced plastics (CFRP). This state-of-the-art technology offers many advantages, including significant weight savings and the ability to achieve high production rates for CFRP aircraft.
๐๐๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ ๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฌ๐๐๐ซ๐๐ก
By Resin Type :
Polyester
Vinyl Ester
Epoxy
Polyurethane
Thermoplastic
By End-use Industry :
Wind Energy
Electrical & Electronics
Transportation
Pipes & Tanks
Construction & Infrastructure
Marine
Aerospace & Defense
By Manufacturing Process :
Compression & Injection Molding Process
Layup
Filament Winding
Pultrusion
Resin Transfer Molding (RTM)
By Form :
Rebar
Powder
Sheets
Panels
Rolls
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
๐๐๐๐ ๐๐จ๐ซ๐: https://www.factmr.com/report/glass-fibre-reinforced-plastic-products-market
The market for fiberglass reinforced plastic products is witnessing an exciting phase of expansion driven by increased demand from various industries. As technological advances continue to improve material properties and applications, the future looks promising for the GFRP industry. The continuous commitment to sustainability combined with the excellent properties of the material make GFRP a key factor in shaping the future of various production sectors.
๐๐จ๐ง๐ญ๐๐๐ญ:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com
๐๐๐จ๐ฎ๐ญ ๐ ๐๐๐ญ.๐๐
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Glass Fibre Reinforced Plastic Products Market Share is Expected to Witness Healthy Valuation of US$ 41.92 Billion by 2033: Fact.MR Analysis here
News-ID: 3443177 • Views: โฆ
More Releases from Fact.MR
Location Intelligence Market Revolutionizes Workforce Management Strategies
The global Location Intelligence Market is poised for remarkable growth, with an anticipated compound annual growth rate (CAGR) of 15.3% from 2023 to 2033. Currently valued at US$ 19.2 billion, the market is expected to reach an impressive revenue of US$ 79.8 billion by the end of 2033. Location intelligence has found broad applications across various industries and services, promising substantial business opportunities for service providers in the future. Theโฆ
The Rise in The Adoption of Walkie Talkie in Defense Sector and Event Management โฆ
The global walkie talkie market is projected to attain a size of US$ 32 billion by 2033, with an expected growth rate of 8.1% from 2023 to 2033. Walkie-talkies, as communication devices, provide a network-independent means for users to communicate in areas where cellular networks are inaccessible. There is an increasing demand from consumers for digital radios offering diverse designs and applications. The interoperability of certain digital radios with traditionalโฆ
Wood Furniture Continues to Gain Significant Traction in the Kids Furniture Mark โฆ
The kids furniture market is expected to experience a moderate compound annual growth rate (CAGR) of 4.1% from 2019 to 2029. This growth is primarily driven by the steady increase in real estate prices and improved spending potential among buyers. The rising demand for space-efficient solutions to accommodate clothes, toys, books, and accessories will play a significant role in shaping the global kids furniture market. The steady growth trajectory isโฆ
Compensating Innovations Propel Growth in Automotive Fifth Wheel Coupling Market
The automotive fifth wheel coupling market (่ชๅ่ป็จใใฃใในใใคใผใซใซใใใชใณใฐๅธๅ ด) is undergoing significant transformations as it navigates through evolving industry dynamics and technological advancements. With a projected compound annual growth rate (CAGR) of 5.7%, the market is expected to reach a valuation of USD 1 billion by 2032. This anticipated growth underscores the critical role that fifth wheel couplings play in the transportation and logistics sectors, and highlights the increasing demand for efficient,โฆ
More Releases for GFRP
GFRP Rebars Market To Scintillate From 2021-2031
GFRP Rebars Market: Introduction
The traditional strengthened concrete members such as beams are composed of concrete included Portland cement and steel rebars reinforcement. The tensile and shear loads will be resisted by steel rebars embedded in the concrete. Recent technologies have resulted in alternative reinforcing materials such as GFRP materials commercially available in the form of bars that can be bonded in concrete members to fulfill several desired properties. Glass fiberโฆ
GFRP Composites Market Size & Analysis - Forecast to 2026
As per the research conducted by GME, the Global GFRP Composites Market will grow with a CAGR value of 7.2% from 2021 to 2026. The demand for GFRP composites is driven by low cost, lightweight, elasticity, and resistance. In the shipping sector, the GFRP market has a larger reach. There are many production methods, but compression and injection molding are the most common since they are used in a wideโฆ
GFRP Composites Market: Competitive Dynamics & Global Outlook 2025
LP INFORMATION recently released a research report on the GFRP Composites market analysis and elaborate the industry coverage, current market competitive status, and market outlook and forecast by 2025. Moreover, it categorizes the global GFRP Compositesmarket by key players, product type, applications and regions,etc.
The main objective of this market research is to help the readers understand the structure of GFRP Compositesmarket, market definition, overview, industry opportunities and trends, investmentโฆ
GFRP Composites Market: Competitive Dynamics & Global Outlook 2025
LP INFORMATION recently released a research report on the GF and GFRP Composites market analysis, which studies the Electrical Cord Reels's industry coverage, current market competitive status, and market outlook and forecast by 2025.
Global โGF and GFRP Composites Market 2020-2025โ Research Report categorizes the global GF and GFRP Composites market by key players, product type, applications and regions,etc. The report also covers the latest industryโฆ
GFRP Composites Market worth $82.10 billion by 2027
According to recent market research "GFRP Composites Market by End-Use Industry (Transportation, Electrical & Electronics), Resin Type (Epoxy, Polyester, Vinyl Ester), Manufacturing Process (Compression & Injection Molding, RTM/VARTM, Layup,) and Region - Global Forecast to 2027", is projected to grow from USD 43.93 billion in 2017 to USD 82.10 billion by 2027, at a CAGR of 6.4% between 2017 and 2027
Browse 91 market data Tables and 32 Figures spread throughโฆ
Operational Strategies of GFRP Composites Market Forecast to 2025
Researchmoz added Most up-to-date research on "Operational Strategies of GFRP Composites Market Forecast to 2025" to its huge collection of research reports.
The major factor driving the GFRP composites market is the high demand for GFRP composites from the transportation, electrical & electronics, wind energy, and pipes & tanks industries.
The Asia Pacific region is expected to be the fastest-growing market for GFRP composites during the next 5 years.
Global GFRP Composites marketโฆ
