Fiber Reinforced Plastic (FRP) Market Will Hit at a Highest CAGR of 15.0% by 2025 Hexcel, Toray, Cytec, Teijin, TenCate, Mitsubishi Rayon, SGL Carbon

Global Fiber Reinforced Plastic (FRP) Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than 15.0% over the forecast period 2018-2025. The Fiber Reinforced Plastic (FRP) Market is continuously growing in the global scenario at significant pace. Fiber-reinforced plastics (FRP) are a category of composite plastics specifically using fiber materials to mechanically enhance the elasticity and strength of the plastic. They consist of a polymer matrix – the original plastic which is usually tough but weak – which is blended with a reinforcing material to yield a final product with the desired material or mechanical properties. Growth in automotive sector, lower life cycle cost and increasing popularity of bio based FRP are the substantial driving factors of the market during the forecast period. Moreover, growing demand growing demand from developing economies is the major factors that likely to create numerous opportunities in the near future.

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In addition, Fiber Reinforced Plastic (FRP) offers several benefits such as corrosion resistance lightweight, high strength, flexibility and so. With this benefits demand for Fiber Reinforced Plastic (FRP) is increasing among its end-users across the globe. However, high cost of production is one of the major factors that limiting the market growth of FRP during the forecast period.

The regional analysis of Global Fiber Reinforced Plastic (FRP) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share due to rising government initiatives and increasing usage of lightweight materials across the region. Europe is estimated to grow at stable growth rate in the global Fiber Reinforced Plastic (FRP) market over the upcoming years. Further, Asia-Pacific anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to rising construction and automotive sector in the region.

The major market player included in this report are:
Hexcel
Toray
Cytec
Teijin
TenCate
Mitsubishi Rayon
SGL Carbon

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

PAN-based
Pitch-based

By Application:

Aerospace
Energy
Construction
Infrastructure
Marine

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

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Target Audience of the Global Fiber Reinforced Plastic (FRP) Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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This release was published on openPR.