DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "GFRP Composites Market By Resin Type, Manufacturing Process, Application and By Region - Global Forecast To 2026" report to their offering.
The global Glass Fiber Reinforced Plastics GFRP composites market is projected to reach USD 83.63 billion by 2026, at a CAGR of 6.61% from 2016 to 2026.
The major driver stimulating the GFRP composites market is the high demand from the wing energy application, as these are non-corrosive and lightweight. Due to the corrosion resistance properties, GFRP composites have helped the growth of the wind industry, as GFRP composites wind turbines can operate in the toughest climatic environments. The difficulty of recycling GFRP composites is a major restraint, restricting its use in various applications and hindering the growth of the global GFRP composites market.
The injection molding process has many processing advantages, including very fast cycle time, low labor costs, low scrap rate, and low mold-clamping pressure. It is widely applicable in GFRP composite applications such as automotive and electrical & electronics for the production of bumpers for vehicles, panels for electrical equipment, enclosures for medical devices, and others. These are the key applications of GFRP composites, thus driving the use of the injection molding process to manufacture various GFRP composite components.
The Asia-Pacific region is expected to be the fastest-growing market for GFRP composites during the next five years. The market in this region is driven by the increasing consumption of GFRP composites in various industries such as wind energy, construction, electrical & electronics, and transportation. China leads the market in the Asia-Pacific region. The wind energy industry in China witnessed the highest number of wind energy installations in 2015, and added new capacity of 30.8 GW.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.2 Market Segmentation
5.2.1 GFRP Composites Market, By Resin Type
5.2.2 GFRP Composites Market, By Manufacturing Process
5.2.3 GFRP Composites Market, By Application
5.3 Market Dynamics
5.3.1 Market Dynamics
18.104.22.168 Growing Wind Energy Installations
22.214.171.124 Increase in Use of GFRP Composites in End-Use Industries
126.96.36.199 Recovery of the Marine Industry in the U.S. After the Economic Recession
188.8.131.52 Increasing Demand for Lightweight Materials From the Transportation Industry
184.108.40.206 Recyclability Issues
220.127.116.11 Growing Demand for GFRP Composites in the Mena Region
18.104.22.168 to Reduce Capital and Technology Costs
5.3.6 Impact Analysis of Drivers
5.4 Porter's Five Forces Analysis
6 Macroeconomic Overview and Key Trends
7 GFRP Composites Market, By Resin Type
7.3 Vinyl Ester
7.6.1 Peek Resin
7.6.2 Phenolic Resin
7.6.3 Hybrid Resin
8 GFRP Composites Market, By Manufacturing Process
8.3 Compression Molding
8.4 Injection Molding
9 GFRP Composites Market, By Application
9.2 Wind Energy
9.3 Electrical & Electronics
9.5 Pipe & Tanks
9.6 Construction & Infrastructure
9.8 Aerospace & Defense
10 GFRP Composites Market, By Region
11 Competitive Landscape
12 Company Profiles
- AGY Holdings Corp.
- Asahi Fiber Glass Co. Ltd.
- Chongqing Polycomp International Corporation
- Johns Manville Corporation
- Jushi Group Co. Ltd.
- Nippon Sheet Glass Co. Ltd.
- Owens Corning
- PPG Industries Inc.
- Saint-Gobain S.A.
- Taishan Fiberglass Inc.
For more information about this report visit http://www.researchandmarkets.com/research/98s8xp/gfrp_composites.