Fiber Reinforced Plastics Panels and Sheets Market is Projected to Grow at 5.7% CAGR over the Next Five Years

Stratview Research has published a new research report on Fiber Reinforced Plastics Panels and Sheets Market. This extensive report by Stratview Research analyses the growth of Fiber Reinforced Plastics Panels and Sheets Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021 under the following segments -
· By Application Type (Recreational Vehicle, Building and Construction, Truck and Trailer and Others),
· By Reinforcement Type (Glass Composites, Airframe, and Carbon Composites),
· By Matrix Type (Polyester Composites, Epoxy Composites and Others),and
· by Region (North America, Europe, Asia-Pacific, and Rest of the World)

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Fiber Reinforced Plastics (FRP) Panels and Sheets Market: Highlights

FRP panels and sheets accounted for less than 4% of the global panel market in 2015. It has overall low penetration in almost all of the applications across regions. Lightweight, excellent corrosion resistance, low manufacturing cost of FRP panel through continuous lamination process, good surface finish, and high strength to weight ratio of FRP panel, make it suitable for wide array of applications. It is one of the most promising panel type and is expected to grow faster than competing materials in coming years.

The fiber reinforced plastics (FRP) panels and sheets market offers good growth opportunity and is likely to grow at 5.7% CAGR during the forecast period of 2016 to 2021. Increasing recreational vehicle production in the US and Europe and increasing penetration of FRP panels in recreation vehicle, building and construction, and truck and trailer are some of the growth drivers in the global FRP panels and sheets market.

Recreation vehicle is the major consumer of continuous FRP panels and sheets and is expected to remain the growth engine of the market during the forecast period.
Increasing penetration of FRP panels and increasing production of recreation vehicles driven by rising disposable income, rising number of baby boomers, and gaining popularity of outdoor activities especially in the US and Europe are some of the factor driving the FRP panels and sheets market.

Glass fiber and polyester resins are the most widely preferred materials
In the global FRP panels and sheets market and are expected to remain dominant reinforcement and matrix type, respectively, during the forecast period. Both materials provide the perfect blend of price-performance ratio to most of the applications including recreational vehicles, building & construction, and truck & trailers.

North America is expected to remain the largest FRP panels and sheets market
During the forecast period due to increasing recreational vehicle and truck & trailer production and increasing demand of lightweight products with superior strength. US is the major contributor to the North American FRP panels and sheets market. Most of the major FRP panels and sheets manufacturers have headquarters and key manufacturing locations in the US.

Top Key Players
The supply chain of this market comprises raw material suppliers, machine suppliers, continuous FRP panel and sheet manufacturers, distributors, and original equipment manufacturers. The key raw materials suppliers are Owens Corning, Jushi, PPG Fiberglass, Ashland Inc., and Momentive and the key OEMs are Thor Industries, Forest River, Jayco, Grand Design, and Winnebago.

The key continuous FRP panel and sheet manufacturers are Crane composites, Lamilux, Glasteel and U.S. Liner. New product development using advanced materials, new application development and customer centric product development are the key strategies adopted by the key players to gain competitive edge in the market.

Why Stratview Research
Our report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
● Fiber Reinforced Plastics Panels and Sheets Market overview, industry life cycle analysis, supply chain analysis
● Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend (2010 – 2015) and forecast analysis (2016-2021) of each segment.
● Competitors’ market share, product portfolio and new launches.
● Growth opportunities in each segment.
● Emerging trends which will decide the future course of development.
● Strategic growth opportunities for the existing and new players
● Key success factors.

Click Here for Other Reports from Stratview Research in the Chemicals & Materials Industry: https://www.stratviewresearch.com/market/report/Advanced-Materials.html

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

We have a strong experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

We have a strong experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.

This release was published on openPR.