$59.8 Billion Global GFRP Composites Market 2018-2022 - High Processing and Manufacturing Costs - ResearchAndMarkets.com

DUBLIN--()--The "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 2022" report has been added to ResearchAndMarkets.com's offering.

The global Glass Fiber Reinforced Plastics (GFRP) composites market is projected to grow from USD 43.93 Billion in 2017 to USD 59.87 Billion by 2022, at a CAGR of 6.4% during the forecast period.

The GFRP composites market is growing due to the high demand for wind blades from the wind energy electrical & electronics, pipes & tanks, construction & infrastructure, and transportation industries. GFRP composites are preferred, as they can reduce the weight of the product and are stronger than metallic parts. The GFRP composites market witnessed strong growth in the past few years due to the growing use of GFRP composites in the US, Germany, China, Brazil, and Japan.

Market Dynamics

Drivers

  • Increasing Number of Wind Energy Capacity Installations
  • Increasing Adoption of GFRP Composites in the Transportation Industry
  • Recovery of the US Marine Industry
  • Increasing Use of GFRP Composite Pipes in Sewage & Water Management and Oil & Gas Industry
  • Increasing Use of GFRP Composites in the Construction & Infrastructure Industry

Restraints

  • Issues Related to Recycling
  • High Processing and Manufacturing Costs

Opportunities

  • Increasing Demand for GFRP Composites From Construction & Infrastructure Industry in the MEA
  • High Demand for GFRP Composite Pipes in the Emerging Economies

Challenges

  • Developing Low-Cost Technologies

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Macroeconomic Overview and Key Trends

7 GFRP Composites Market, by Resin Type

8 GFRP Composites Market, by End-Use Industry

9 GFRP Composites Market, by Manufacturing Process

10 GFRP Composites Market, by Region

11 Competitive Landscape

12 Company Profiles

  • AGY Holdings Corp.
  • Advanced Composites Inc.
  • Asahi Fiber Glass Co., Ltd.
  • BGF Industries, Inc.
  • Binani Industries Ltd.
  • Celanese Corporation
  • China Beihai Fiberglass Co., Ltd.
  • China National Building Material Company Ltd.
  • Chongqing Polycomp International Corporation
  • Jiangsu Jiuding New Material Co., Ltd.
  • Johns Manville Corporation
  • Jushi Group Co., Ltd.
  • Nippon Sheet Glass Co. Ltd.
  • Nitto Boseki Co., Ltd.
  • Owens Corning
  • PFG Fiberglass Corporation
  • PPG Industries, Inc.
  • Quantum Composites
  • Reliance Industries
  • Saertex GmbH
  • Saint-Gobain S.A.
  • Taishan Fiberglass, Inc.

For more information about this report visit https://www.researchandmarkets.com/research/gwcncj/59_8_billion?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900
Related Topics: Plastic Resins, Composites

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Plastic Resins, Composites