Glass Fiber Reinforced Plastic Market Trend with Global Foresight 2023 | Top Brands - Owens Corning , PPG Industries, Johns Manville, Saint-Gobain, Nippon Sheet Glass, Taishan Fiberglass, AGY Holding, Asahi Fiber Glass, NITTOBO ASIA Glass Fiber

Market Segmentation:

The Global Glass Fiber Reinforced Plastic Market has been segmented on the basis of reinforcing material and end-use industry. Based on reinforcing material, the glass fiber reinforced plastic (GFRP) market is segmented into polyester, epoxide, polyamide and others. Based on end-use industry, the glass fiber reinforced plastic (GFRP) market is segmented into building and construction, marine, transportation, chemical plants, renewable energy and others.

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Regional Analysis:

The Global Glass Fiber Reinforced Plastic Market has been segmented into five major regions such as North America, Latin America, Asia Pacific, Europe and the Middle East and Africa. The fastest growth of glass fiber reinforced plastic market is anticipated to be observed in the Europe region owing to the high demand for Glass Fiber Reinforced Plastics in the automotive and construction industries in this region.

The North America region is projecting significant growth in the Global Glass Fiber Reinforced Plastic Market due to the increasing demand for these products in various industrial sectors and increasing production capacities of manufacturers in this region. the rapid infrastructural development and high demand for these products in construction activities in the Asia Pacific region are propelling the growth of the Glass Fiber Reinforced Plastics Market in this region.

The countries like Argentina, Brazil and Columbia in the Latin America region are playing a significant role in the expansion of the glass fiber reinforced plastic market as these countries are undergoing major infrastructural modifications in the recent years.

Competitive Landscape:

Increased research and development expenditure by the manufacturers for launching advanced products in the market is strengthening the competition in the global glass fiber reinforced plastics market. In order to sustain the competitive environment of the global glass fiber reinforced plastics market, the players are strategizing mergers and acquisitions to expand their businesses in the global market.

In May 2018, Owens Corning, a building and remodeling solution provider, has announced the signing of an agreement to acquire Pittsburg Corning, one of the leading manufacturers of cellular glass insulation systems for industrial and commercial market.

The key player that are highlighted in the report published by MRFR on the Global Glass Fiber Reinforced Plastics Market are Owens Corning ( the U.S.), Jushi Group Co., Ltd. (China), Chongqing Polycomp International Corporation (China), PPG Industries, Inc. ( the U.S.), Johns Manville Corporation ( the U.S.), Saint-Gobain Corporation ( the U.S.), Nippon Sheet Glass Co., Ltd. (Japan), Taishan Fiberglass Inc. (China), AGY Holding Corp. ( the U.S.), Asahi Fiber Glass Co., Ltd. (Japan), Binani Industries Limited (India), Celanese Corporation ( the U.S.), SAERTEX GmbH & Co. KG (Germany), NITTOBO ASIA Glass Fiber Co. Ltd. (Taiwan), BGF Industries, Inc. ( the U.S.) and others.

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