DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4sbfmf/global_gf_and) has announced the addition of the "Global GF and GFRP Composites Market 2014-2018" report to their offering.
About Glass Fiber and Glass Fiber Reinforced Plastic Composites
Composite materials are products made from two distinct physical states, with one being in the fibrous state while the other being in a continuous form distributed in a matrix. Glass fiber reinforced plastic composite (or fiberglass) is a fiber reinforced polymer made of plastic and reinforced by glass fibers, in a continuous stranded fashion. The plastic may be a thermoset plastic (mostly epoxy, polyester, or vinyl ester) or a thermoplastic.
The glass fibers are made from various categories of glass depending on the end-use. Glass fibers generally have silica or silicate along with some amount of oxides of calcium, magnesium, and sometimes boron. Fiberglass is lightweight and strong. It is not as strong as carbon fiber but is stronger than many metals. Additionally, its raw materials are comparatively cheaper than those of carbon fiber composites.
With the growth in the Real Estate industry in the APAC region and Europe, the demand for fiberglass is expected to grow considerably. Despite the cost of manufacturing is expected to rise over the next couple of years, manufacturers are positive about the market because of innovations in technology related to composites, and also in their manufacturing processes.
According to the report, the most important driver of the market is sustainability of fiberglass composites. Rising demand for eco-friendly products is enhancing the use of fiberglass composites.. Such materials find increased use in applications such as automotive door panels and seating.
Further, the report states that the demand and supply gap is expected to increase in the future if market players do not take the necessary steps to increase supply. With quick growth in major sectors, such as Automotive and Construction industries, there is growing demand for composite materials. However, the supply has not been able to cater to this rise in demand. This has adversely affected growth in the said industries.
The Global Glass Fiber and Glass Fiber Reinforced Plastic Composites market can be classified into different segments based on the following:
- Manufacturing Process (Sheet Molding, Bulk Molding, Hand Lay Up, Spray Up, Resin Transfer Molding, Continuous Processing, Pipes and Tanks, GMT/LFT, and Others)
- Application (Transportation, Construction and Infrastructure, Electrical and Electronic, Consumer Goods, Marine, and Others)
- Geography (APAC, EMEA, and Americas)
Key Vendors
- Asahi Glass Company (AGC)
- China Fiberglass
- Nippon
- PPG Industries
- Saint-Gobain
For more information visit http://www.researchandmarkets.com/research/4sbfmf/global_gf_and
