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Latest Research on Glass Fiber Reinforced Plastics Composites Market 2019-2026 | Perspective and Forecast including Top Key Players like: Jushi Group, Saint-Gobain, ASAHI FIBER GLASS Co.Ltd., Nippon Sheet Glass Co.Ltd, AGY, CTG Group, Nitto Boseki Co.Ltd.
Market Definition:
Glass fiber reinforced plastics composites are a variant of modified composite materials that include glass fibers inside a polymer matrix. With the production of these composites, the surface tension and characteristics are of utmost importance due to their effects on the tensile properties of the product. They have high weight-to-strength ratio and can be easily molded into different shapes and sizes in their molten state.
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Key Market Competitors:
Few of the major competitors currently working in the glass fiber reinforced plastics composites market are PPG Industries Inc., Owens Corning, Johns Manville, Yuntianhua Group Co. Ltd., Jushi Group, Saint-Gobain, ASAHI FIBER GLASS Co. Ltd., Nippon Sheet Glass Co. Ltd, AGY, CTG Group, Nitto Boseki Co. Ltd., Braj Binani Group, China Beihai Fiberglass Co. Ltd., BGF Industries Inc., SAERTEX GmbH & Co. KG, Jiangsu Jiuding New Materials Co. Ltd., Celanese Corporation, Quantum Composites, Reliance Industries Limited, PFG FIBER GLASS CORPORATION and Advanced Composites Inc.
Competitive Analysis:
Global glass fiber reinforced plastics composites market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of glass fiber reinforced plastics composites market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Developments in the Market:
In October 2018, Celanese Corporation announced that they had agreed to acquire Next Polymers Ltd. with their expertise and capabilities focused on the production of engineering thermoplastic compounders. This acquisition is expected to help Celanese establish their dominance in the region of India and also help in expanding the production capabilities in the region.
In July 2017, Owens Corning announced that they had completed the acquisition of Aslan FRP a division of Hughes Brothers Inc. with expertise in production of glass and carbon fiber reinforced polymer products. With the completion of this acquisition product portfolio and capabilities of Owens Corning is expanded significantly.
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Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
Market Drivers:
Rise in usage and adoption of the product from various end-user industries due to their high weight-to-strength ratio is expected to act as a driver for the market growth
Market Restraints:
Cost of processing, manufacturing and recycling of the product is very significant; this factor is expected to act as a restraint to the market growth
Segmentation:
By Resin Type
Thermoplastic
Epoxy
Polyester
Vinyl Ester
Polyurethane
Others
Cyanate Ester
Phenolic
Benzoxazine
Bismalimide (BMI)
By Manufacturing Process
Filament Winding
Compression & Injection Molding Process
Pultrusion
Resin Transfer Molding (RTM)
Layup
Others
By End-Use Industry
Transportation
Rail
Automotive
Construction & Infrastructure
Decking & Railing
Rebars
Others
Wind Energy
Pipes & Tanks
Oil & Gas
Water & Wastewater Treatment Plants
Pulp & Paper
Others
Electrical & Electronics
Aerospace & Defense
Interior
Exterior
Marine
Others
Healthcare
Consumer Goods
Sporting Goods
By Geography
North America
US
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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