DUBLIN--(BUSINESS WIRE)--The "Global Glass Fiber Reinforced Polymer Market - Segmented by Resin Type, by Process, by End-user Industry and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global glass fiber reinforced polymer market is expected to register a moderate growth during the forecast period, 2018 to 2023.
The construction sector in the Middle East and North Africa (MENA) region is one of the fastest growing globally. The UAE and Qatar are expected to remain bright spots for the construction industry throughout 2018 as they are pressing ahead with projects before of the Expo 2020 and FIFA World Cup 2022, respectively.
The UAE's building and infrastructure contract value has increased from USD 36,453 million in 2016 to USD 36,984 million in 2017. Glass fiber reinforced polymer (GFRP) is widely used in construction industry for non-structural elements, such as facade, panels, piping, and channels. With the growth of the construction sector in the region, the demand for glass fiber reinforced polymer is expected to grow during the forecast period.
Polyester resins have the highest market share for GFRP market in 2017, owing to their use in the construction, pipes & tanks and electronics applications. Properties, such as chemical and mechanical resistance, UV resistance, high filling capacity, good removal, and shrinkage resistance are boosting the demand for polyester globally.
In automotive industry, GFRP is primarily used to reduce weight. The growth of the automotive industry in countries, such as China, United States, Japan, Germany are boosting the demand for polyester resin over the forecast period.
Key Developments in the Market
- May 2018: Owens Corning had announced that it signed an agreement to acquire Pittsburgh Corning, the world's leading producer of cellular glass insulation systems for commercial and industrial markets.
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
- Jushi Group Corporation
- Chongqing Polycomp International Corporation
- Owens Corning
- PPG Industries Inc.
- Johns Manville Corporation
- Saint-Gobain S.A.
- Nippon Sheet Glass Co. Ltd.
- Binani Industries Ltd.
- BFG Industries
- China Beihai Fiberglass Co. Ltd.
- Nitto Boseki Co. Ltd.
- Jiangsu Jiuding New Material Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/8c9nvp/glass_fiber?w=4