Fiber Reinforced Plastic (FRP) Panels and Sheets Market to Witness 5.7% CAGR over the Next Five Years

Stratview Research has launched a research report on Fiber Reinforced Plastic (FRP) Panels and Sheets Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Fiber Reinforced Plastic (FRP) Panels and Sheets Market from 2016 to 2021.

This report is segmented in five ways to provide a 360 degree holistic view. The segments are –
· 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 (Country Analysis: USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, UK, Italy, and Rest of the Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of the Asia-Pacific)
• Rest of the World (Country Analysis: Middle East and Latin America)

Stratview Research, has presented the study of Fiber Reinforced Plastics (FRP) Panels and Sheet Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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.
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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.

Report Features
This 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:
● Market structure: Overview, industry life cycle analysis, supply chain analysis
● Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend and forecast analysis
● Market segment trend and forecast
● Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
● Attractive market segments and associated growth opportunities
● Emerging trends
● Strategic growth opportunities for the existing and new players
● Key success factors.
● Research Methodology

This report studies the Fiber Reinforced Plastics (FRP) Panels and Sheets Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
o Extensive secondary research,
o Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
o Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
o More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

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This release was published on openPR.