Glass Fiber Reinforced Plastic (GFRP) Market Size 2019 – Huge Growth Opportunities & Expansion till 2023

1. Glass Fiber Reinforced Plastic (GFRP) Market Research Report- Forecast to 2023

2. Glass Fiber Reinforced Plastic (GFRP) Market Research Report- Forecast to 2023 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2023 REQUEST SAMPLE VIEW REPORTS PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

3. Glass Fiber Reinforced Plastic (GFRP) Market - 2023 Global Glass Fiber Reinforced Plastic (GFRP) Market Research Report– Information by Reinforcing Material (Polyester, Epoxide, Polyamide, and Others), by End Use (Building & Construction, Marine, Transportation, Chemical Plants, Renewable Energy and Others) and Region- Forecast till 2023 Glass FSynopsis of GFRP Market: iber Reinforced Plastic (GFRP) is made from silica-based raw materials combined with metal oxides and is available in several formulations to meet application demands. They are reinforced with matrix materials such as polyester, epoxide and polyamide more widely. GFRP are combination of properties such as light weight, high strength-to-weight ratio, design freedom, high levels of stiffness, chemical resistance, good electrical insulating properties, and retention of dimensional stability across a wide range of temperatures. These properties have major applications in casting on solid surfaces in housing, in the construction of boats in all shapes and sizes, and construction of pipe work and for chemical storage vessels and fume scrubbers. As per our Analysis, some of the prominent market factors and trends identified in the Global GFRP Market include rapid industrialization owing to the world is potentially on the edge of an age where demand for powerful materials coupled with innovation in the chemicals industry. Rising demand for low weight, mouldability and high quality surface finishes make GFRP an ideal material for automotive car body panels, and increasing expenditure on research activities are the other factors. Moreover, demand for GFRP is predicted to witness a significant growth over the assessment period due to surging marine industry. GFRP has largely replaced traditional wood and steel building methods to manufacture yachts, ships and marine transportation vehicles across the globe is anticipated to be an important driver for GFRP Market during the review period. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period, 2017 to 2023. However, the mechanical properties of Glass-Fiber Epoxy Resin Composites are generally negatively impacted by moisture and high temperature, which is expected to hamper the growth of the market. www.marketresearchfuture.com

4. Glass Fiber Reinforced Plastic (GFRP) Market - 2023 Regional Analysis: The Global GFRP Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Europe is predicted to grow with the highest CAGR during the review period, 2017 to 2023 on account of expanding marine industry. The demand for GFRP is predicted to surge in numerous countries of the Asia Pacific such as China, India and Japan due to high adoption rate by the wind energy industries. Moreover, the presence of tremendous building & construction projects in this region is predicted to propel the growth of the market. North American GFRP Market is predicted to witness a tremendous growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. In Europe, the demand for GFRP is predicted to grow in various countries such as Italy, Germany, Spain, U.K, France, and Russia on account of increasing expenditure in innovation and growing purchasing power of consumers. Moreover, presence of major automobile manufacturers specifically in Germany is expected to give momentum to the market growth. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness new economic projections for Latin America and the Caribbean show moderate recovery over the forecast period and growth with favored expansions in consumption and domestic investment. GFRP based construction materials are expected to drive this region market over the forecast period. Asia Pacific GFRP market is predicted to grow with the moderate CAGR due to continuous growth of automotive sector in various economies of Asia Pacific such as China, India, Malaysia, Thailand, and Japan is expected to raise the demand for synthetic lubricants which in turn is predicted to fuel the demand for GFRP over the forecast period, 2017 to 2023. Segmentation: The Global GFRP Market is categorized on the basis of reinforcing material type, end user industry, and region. On the basis of reinforcing material type, the market is bifurcated into polyester, epoxide, polyamide, and others. On the basis of end user industry, the GFRP market is categorized into building & construction, marine, transportation, chemical plants, renewable energy, and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. www.marketresearchfuture.com

5. Glass Fiber Reinforced Plastic (GFRP) Market - 2023 Key Players: Some of the prominent players operating in the Global GFRP Market are Owens Corning (U.S.), Jushi Group Co., Ltd. (China), Chongqing Polycomp International Corporation (China), PPG Industries, Inc. (U.S.), Johns Manville Corporation (U.S.), Saint-Gobain Corporation (U.S.), Nippon Sheet Glass Co., Ltd. (Japan), Taishan Fiberglass Inc. (China), AGY Holding Corp. (U.S.), Asahi Fiber Glass Co., Ltd. (Japan), Binani Industries Limited (India), Celanese Corporation (U.S.), SAERTEX GmbH & Co. KG (Germany), NITTOBO ASIA Glass Fiber Co. Ltd. (Taiwan), and BGF Industries, Inc. (U.S.) among others. Intended Audience GFRP Manufacturers Traders and Distributors of GFRP Production Process Industries Potential Investors Raw Material Suppliers Nationalized Laboratory www.marketresearchfuture.com

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