Press release
Glass Fiber Reinforced Plastic (GFRP) Composites Market is set for lucrative growth during 2021-2031 | Size, Share, Demand and Opportunities Analysis | Johns Manville, BGF Industries, Asahi Glass Company Limited
Glass Fiber Reinforced Plastic (GFRP) Composites Market
Glass Fiber Reinforced Plastic, or GFRP, is a composite material made of glass fibers and a plastic resin. The glass fibers provide strength and stiffness, while the plastic resin binds the fibers together and gives the material its shape. GFRP composites are used in a variety of applications, including boat hulls, car bodies, and aircraft parts. Because they are strong and lightweight, GFRP composites are an attractive alternative to traditional materials such as steel and aluminum.
Read more about Glass Fiber Reinforced Plastic (GFRP) Composites Market here: https://www.globalinsightservices.com/reports/glass-fiber-reinforced-plastic-gfrp-composites-market
Key Trends
The key trends in Glass Fiber Reinforced Plastic (GFRP) Composites technology are:
1. Development of new types of GFRP composites: With the advancement of composite materials technology, new types of GFRP composites are being developed. These include nanocomposites, ultra-high performance composites, and conductive composites.
2. Improvement in the manufacturing process: The manufacturing process of GFRP composites has undergone a lot of improvement in recent years. This has resulted in better quality and cheaper composites.
Key Drivers
The key drivers of the Glass Fiber Reinforced Plastic (GFRP) Composites market are its high strength-to-weight ratio, low density, corrosion resistance, and thermal and electrical insulation properties. Additionally, GFRP composites have high specific stiffness and are able to withstand large amounts of deformation without failure. These properties make GFRP composites an ideal material for a variety of applications, including aerospace, automotive, and construction.
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Market Segments
By Resin Type:
• Polyester
• Vinyl Ester
• Epoxy
• Others
By Manufacturing Process:
• Compression & Injection Molding Process
• Layup
• Filament Winding
Key Players:
• Johns Manville
• BGF Industries
• Asahi Glass Company Limited
• Advanced Glassfiber Yarns LLC
• Chomarat Group
• Jushi Group Co. Ltd.
• Taishan Fiberglass Inc.
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