Fibre Reinforced Plastic Composite Materials Market Structure To Broaden Between 2017-2025

Fibre Reinforced Plastic Composite Materials Market: Introduction
FRP, Fibre Reinforced Plastic is also known as fibre-reinforced polymer. A major concern in the industrial equipment sector is corrosion. Billions of dollars are spend per annum in order to maintain the equipment corrosion-free and it is a hectic task for design engineers to efficiently eliminate corrosion from equipment with complex designs. The unique properties of FRP composite materials such as corrosion resistance have replaced many costly metals that were traditionally used in the industrial process equipment such as piping, duct making, tanks and reaction vessels.

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Fibre Reinforced Plastic Composite Materials Market: Dynamics
Demand for FRP compound substances is increasing rapidly due to its properties such as lightweight; FRP is 70% lighter compared to various metals and provides high strength like that of metals. FRP composite materials are corrosion resistant and require much lesser maintenance than common metals, wood or embodied products. FRP composite material is non-conductive and non-magnetic.
FRP composite materials have impacted and even revolutionized several major markets such as the wind energy market. FRP composite materials are being used for the nacelles, spinner and turbine blades. The high strength and lightweight FRP composite materials based products allow for longer and wider blades resulting in high production of electrical energy in the wind farms. Apart from these drivers, the market also face challenges such as high cost, mean production velocity or power depth regarding compound materials.

Fibre Reinforced Plastic Composite Materials Market: Segmentation
Types • Aramid
• Glass
• Carbon
• Basalt
Resins • Thermoplastic
• Thermosetting
Application • Industrial
o Chemical
o Oil & Paint
o Pharmaceutical
o Automobile
o Others
• Commercial
o Offices and Buildings
o Institutions
• Residential Buildings

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Fibre Reinforced Plastic Composite Materials Market: Regional Outlook
Europe and North America are expected to remain key markets in the global FRP composite materials market over the forecast period. China and India are projected to grow at a high pace, with Latin America and Middle East & Africa also expected to witness significant growth over the forecast period.

Fibre Reinforced Plastic Composite Materials Market: Key Players
Examples of some of the market participants identified in the FRP composite materials market are as follows:
• Kemrock Industries And Exports Limited
• Aeron Composite Pvt. Ltd.
• Composites USA
• Chemposites Inc.
• Fibregrate
• Carlson

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This release was published on openPR.