Press release
Forecasting the Growth of the Global Glass Fiber-reinforced Plastics Market to 2030
Glass Fiber-reinforced Plastics (GFRP) Market Size, Share, and Trends Analysis Report
What is the projected market size & growth rate of the Glass Fiber-reinforced Plastics (GFRP) Market?
Market Analysis and Size
Glass fiber-reinforced plastics (GFRP) are produced by fiberglass and are used widely in commercial and industrial applications due to their lightweight and durability. They usually have high tensile strength and flexibility as compared to metals. These materials are widely used in industries like aerospace, construction, automotive, marine, electrical, and others. They are also used to create various types of composite materials.
Data Bridge Market Research analyzes that the global glass fiber-reinforced plastics (GFRP) market, which was USD 44.68 billion in 2022, would rocket up to USD 95.67 billion by 2030, and is expected to undergo a CAGR of 6.55% during the forecast period.
Increasing demand for GFRP in the transportation industry is a vital factor escalating the market growth, also a rise in the number of wind energy capacity installations, an increase in the usage of GFRP composite pipes in sewage & water management, a rise in the use of GFRP composites in the construction & infrastructure industry are the major factors driving the growth of Glass Fiber-reinforced Plastics (GFRP) market. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
This research report is the result of an extensive primary and secondary research effort into the Glass Fiber-reinforced Plastics (GFRP) market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Glass Fiber-reinforced Plastics (GFRP) Market.
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Which are the driving factors of the Glass Fiber-reinforced Plastics (GFRP) market?
The driving factors of the Glass Fiber-reinforced Plastics (GFRP) market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Glass Fiber-reinforced Plastics (GFRP) across various industries further propel market expansion.
Glass Fiber-reinforced Plastics (GFRP) Market - Competitive and Segmentation Analysis:
Global Glass Fiber-reinforced Plastics (GFRP) Market, By Resin Type (Polyester, Vinyl Ester, Epoxy, Polyurethane, Thermoplastic, and Others), End-User (Wind Energy, Electrical & Electronics, Transportation, Pipes & Tanks, Construction & Infrastructure, Marine, Aerospace & Defense, and Other End-Use Industries), Manufacturing Process (Compression & Injection Molding Process, Layup, Filament Winding, Pultrusion, Resin Transfer Molding (RTM), and Other Manufacturing Processes), Form (Rebar, Powder, Sheet, Panel, Rolls, and Others) - Industry Trends and Forecast to 2031.
How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Which are the top companies operating in the Glass Fiber-reinforced Plastics (GFRP) market?
Some of the major players operating in the global glass fiber-reinforced plastics (GFRP) market are:
Owens Corning (U.S.)
JEC Group (Paris)
PPG Industries, Inc. (India)
Johns Manville (Denver)
Saint-Gobain (Paris)
Nippon Sheet Glass Co., Ltd (Tokyo)
Short Description About Glass Fiber-reinforced Plastics (GFRP) Market:
The Global Glass Fiber-reinforced Plastics (GFRP) market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, especially The United States, will still play an important role which can not be ignored. Any changes from United States might affect the development trend of Glass Fiber-reinforced Plastics (GFRP). The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.
Glass Fiber-reinforced Plastics (GFRP) Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.
Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.
This report focuses on the Glass Fiber-reinforced Plastics (GFRP) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Get a Sample Copy of the Glass Fiber-reinforced Plastics (GFRP) Report 2024
What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters
What are the key regions in the global Glass Fiber-reinforced Plastics (GFRP) market?
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
This Glass Fiber-reinforced Plastics (GFRP) Market Research/Analysis Report Contains Answers to your following Questions
What are the global trends in the Glass Fiber-reinforced Plastics (GFRP) market?
Would the market witness an increase or decline in the demand in the coming years?
What is the estimated demand for different types of products in Glass Fiber-reinforced Plastics (GFRP)?
What are the upcoming industry applications and trends for Glass Fiber-reinforced Plastics (GFRP) market?
What Are Projections of Global Glass Fiber-reinforced Plastics (GFRP) Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
Where will the strategic developments take the industry in the mid to long-term?
What are the factors contributing to the final price of Glass Fiber-reinforced Plastics (GFRP)?
What are the raw materials used for Glass Fiber-reinforced Plastics (GFRP) manufacturing?
How big is the opportunity for the Glass Fiber-reinforced Plastics (GFRP) market?
How will the increasing adoption of Glass Fiber-reinforced Plastics (GFRP) for mining impact the growth rate of the overall market?
How much is the global Glass Fiber-reinforced Plastics (GFRP) market worth? What was the value of the market In 2020?
Who are the major players operating in the Glass Fiber-reinforced Plastics (GFRP) market? Which companies are the front runners?
Which are the recent industry trends that can be implemented to generate additional revenue streams?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Glass Fiber-reinforced Plastics (GFRP) Industry?
Customization of the Report
Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
Detailed TOC of Global Glass Fiber-reinforced Plastics (GFRP) Market Insights and Forecast to 2031
Introduction
Market Segmentation
Executive Summary
Premium Insights
Market Overview
Glass Fiber-reinforced Plastics (GFRP) Market By Type
Glass Fiber-reinforced Plastics (GFRP) Market By Function
Glass Fiber-reinforced Plastics (GFRP) Market By Material
Glass Fiber-reinforced Plastics (GFRP) Market By End User
Glass Fiber-reinforced Plastics (GFRP) Market By Region
Glass Fiber-reinforced Plastics (GFRP) Market: Company Landscape
SWOT Analysis
Company Profiles
Continued...
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Data Bridge Market Research:
Today's trends are a great way to predict future events!
Data Bridge Market Research is a market research and consulting company that stands out for its innovative and distinctive approach, as well as its unmatched resilience and integrated methods. We are dedicated to identifying the best market opportunities, and providing insightful information that will help your business thrive in the marketplace. Data Bridge offers tailored solutions to complex business challenges. This facilitates a smooth decision-making process. Data Bridge was founded in Pune in 2015. It is the product of deep wisdom and experience.
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