Opportunities and Competitive Analysis of the Glass Fiber Reinforced Plastics Market
Trends, opportunities, and forecasts in the Glass Fiber Reinforced Plastics Market through 2026 by Application (Transportation, Shipping, Pipes and Tanks, Aerospace, Construction, Electrics and Electronics, Consumer Goods, Wind Energy and Others), Glass Fiber Type (E / ECR Glass, S. -Glass, C-glass and others), resin type (UPR, vinyl ester, epoxy, PA, PP, phenolic and other resins), manufacturing process (lay-on, spray-on, resin infusion, pultrusion, injection) compression molding, compression molding, prepreg layups and others ), Region (North America, Europe, Asia-Pacific, and rest of the world), and by country (United States, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, Taiwan, and Brazil).
New York, Aug. 30, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces Release of Report “Opportunities and Competitive Analysis of Fiberglass Reinforced Plastics Market” – https://www.reportlinker.com/p06130988/? utm_source = GNW
The future of the global glass fiber reinforced plastics (GRP) market is attractive, with opportunities in a variety of end-use industries including transportation, shipping, wind, pipes and tanks, construction, electrics and electronics, consumer goods, and aerospace. The global GRP market declined in 2020 due to the global economic recession led by COVID-19. However, the market is set to recover in 2021 and is projected to reach $ 37.3 billion by 2026, with a CAGR of 4.5% from 2021 to 2026 the transportation industry; Demand for corrosion and chemical resistant materials in construction and pipe and tank industries; electrical resistance and highly flame retardant materials are required in the electrical and electronics industry.
An emerging trend that is directly affecting industry dynamics involves the ingress of low dielectric constant fiber optics into high performance PCBs. Owens Corning, Jushi, Nippon Electric Glass Co.
Ltd., Taishan Fiberglass Inc., Chongqing Polycomp International Corporation (CPIC), Johns Manville, INEOS, BASF, Dupont, Polynt, Huntsman and Hexion are among the most important raw material suppliers for the glass fiber reinforced plastics market.
The study provides trends and forecast for the global GRP Market by product type, end-use industry and region as follows:
By End Use Industry (Value ($ M) and Volume (M lbs) Shipping Analysis from 2015 to 2026):
• wind energy
• Pipe & tank
• Electrics and electronics
• consumer goods
By Resin Type (Value ($ M) Shipping Analysis from 2015-2026):
• vinyl ester
By fiber type ($ M ($ M) shipping analysis from 2015 to 2026):
• E / ECR glass
• C glass
By manufacturing process (value ($ M) and volume (M lbs) shipping analysis from 2015 to 2026):
• Laying on of hands
• Spray on
• Resin infusion
• Injection molding
• Compression molding
• Prepreg layup
By region (value ($ M) and volume (M lbs) shipment analysis from 2015 to 2026):
• North America
• Asia Pacific
• Rest of the world
By country (value ($ M) and volume (M lbs) shipment analysis from 2015 to 2026):
• UNITED STATES OF AMERICA
• Great Britain
In this market, E (ECR) glass, S glass, C glass, and other glass are the type of glass fiber used to make composite parts for various end use industries. Based on his extensive research, the analyst predicts that E-Glass (ECR) will remain the largest fiber type by value and volume during the forecast period.
In the global fiberglass market, transportation will remain the largest end-use industry by value and value as government regulations like CAFE standards in the US and CO2 emissions targets in Europe put pressure on OEMs to use lightweight materials to make up the total weight of the vehicle.
The Asia-Pacific region is expected to remain the largest region by value and volume over the forecast period due to growth in construction, transportation, and electrical and electronics. Growing economy, population growth and urbanization are the main drivers of the construction sector, especially in China and India.
Emerging trends that have a direct impact on the dynamics of the fiber optic industry include cost optimization and fiber optic performance enhancement.
Some of the key GRP manufacturers featured in this report Owens Corning, Jushi, Nippon Electric Glass Co. Ltd., Taishan Fiberglass Inc., Chongqing Polycomp International Corporation (CPIC), Johns Manville, Nittobo, Goa Glass Fiber Ltd, Taiwan Glass Group, and Sichuan Weibo New Material Group Co., Ltd.
Characteristics of the global GRP market
• Market Size Estimates: Estimate the market size of GRP in terms of shipping value ($ Mn).
• Trend and forecast analysis: market trends (2015-2020) and forecasts (2021-2026) by different segments and regions.
• Segmentation Analysis: FRP market size by various segments such as product type, resin type, manufacturing process, end-use industry, and regions related to value and volume
• Regional analysis: GRP market breakdown by North America, Europe, Asia-Pacific and the rest of the world.
• Growth Opportunities: To analyze the growth opportunities in various fiber types, resin types, and end-use industries and regions for the GRP market.
• Strategic Analysis: This includes M&A, new product development and competitive landscape for the GRP market.
• Analysis of the competitive intensity of the industry based on Porter’s five forces model.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential and growth opportunities for the Global GRP Market by Product Type (E / ECR Glass, S Glass, C Glass, and Others (NE Glass, R Glass, and T Glass)), Resin type UPR, vinylester, epoxy, PA, PP, phenolic resin and others), manufacturing processes (hand lamination, spraying, resin infusion, filament winding, pultrusion, injection molding, compression molding), prepreg lay-up and others), end-user industry (transport, shipping, wind energy, Pipes and tanks, construction, electrics and electronics, consumer goods and aerospace) and region (North America, Europe, Asia-Pacific and the rest of the world)
Q.2 Which segments will grow faster and why?
Q.3 Which regions will grow faster and why?
Q.4 What are the key factors influencing market dynamics? What are the drivers and challenges of the GRP market?
Q.5 What are the business risks and threats to the FRP market?
Q.6 What are the emerging trends in this GRP market and why?
Q.7 What are some changing customer needs in the GRP market?
Q.8 What are the new developments in the GRP market? Which companies are leading these developments?
Q.9 Who are the main players in the GRP market? What strategic initiatives are being implemented by key business growth players?
Q.10 What are some of the competing products and processes in the GRP market and what is the risk of losing market share through material or product substitution?
Q.11 What M&A activities have taken place in the GRP market over the past five years?
Read the full report: https://www.reportlinker.com/p06130988/?utm_source=GNW
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