Fiber-Reinforced Plastic Composites Industry is Expected to Reach $191.34 billion by 2032 -BASF, DuPont, Owens Corning, PPG Industries, Premix Incorporated, AGY Holding Corporation, AOC, Ferro Corporation, Hanwha Group, Huntsman, Hexcel Corporation, Inter

Fiber Reinforced Plastic (FRP) market size is forecast to reach $191.34 billion by 2032, after growing at a CAGR of 6.2% during 2021-2032. Fiber Reinforced Plastic (FRP) composite is termed as a polymer that is reinforced with Fiber such as glass fiber, carbon fiber, aramid fiber, basalt fiber, and Others. The major drivers for growth in this market are increasing demand for in the transportation, construction, and electrical and electronics industry owing to its properties like light weight, high strength, resistance to corrosion and others. The epoxy and polyester resin is the foremost preference when it comes to any kind of construction like exterior and interior wall panels, beams, slabs, exterior façade, and others. The Asia-Pacific is expected to remain the largest region by value and volume and it is also expected to experience the highest growth over the forecast period.

Some of the Major Key players profiled in the study are BASF, DuPont, Owens Corning, PPG Industries, Premix Incorporated, AGY Holding Corporation, AOC, Ferro Corporation, Hanwha Group, Huntsman, Hexcel Corporation, Interplastic Corporation, PolyOne Corporation, Rogers Corporation, RTP Company, Saudi Basic Industries Corporation, Teijin, Schulman (A.) Incorporated, Total, Strongwell Corporation

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Fiber Reinforced Plastic (FRP) Market Report Coverage
The report: "Fiber Reinforced Plastic (FRP) Market- Forecast (2021-2026)", by IndustryARC, covers an in-depth analysis of the following segments of the Fiber Reinforced Plastic (FRP) Industry.

By Fiber: Glass Fiber, Carbon Fiber, Aramid Fiber, Basalt Fiber, and Others
By Resin: Thermoplastic (Polyether Ether = (PEEK), Polypropylene, Nylon, Acrylic Resins, Polyamide Resins, PET, Polyphenylene Sulfide (PPS), Polyethylene, Polyurethane, Polyether sulfone, Polyetherimide (PEI), and Others), Thermosetting (Epoxy Resin, Polyester Resin, Vinyl Ester Resin, Phenolic, Polyimide Resins, and Others)
By Manufacturing Process: Pultrusion, Vacuum Infusion, Bladder Molding, Compression Molding, Thermoplastic Extrusion, Filament winding, Wet Layup, and Others
By Application: Consumer goods, Paints and coatings, Protective Equipment, Pharmaceutical, Civil Engineering (Dams, Earthworks, Pipelines, Others), Structural applications (Beams, Columns, Bridges, Slabs), and Others
By End Use Industry: Marine, Architectural, Aerospace and Defense, Automotive, Energy, Electrical & Electronics, Medical, Building and Construction, Industrial, and Others
By Geography: By Geography: North America (USA, Canada and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia, Netherlands, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), and RoW (Middle East and Africa)..

Global Fiber-Reinforced Plastic Composites Market Segmentation:

Fiber-Reinforced Plastic Composites Segmentation by Type:

Glass Fibers, Carbon Fibers, Aramid Fibers.

Fiber-Reinforced Plastic Composites Segmentation by Application:

Motor Vehicles, Construction, Electrical & Electronics, Consumer Durables, Marine, Aircraft & Aerospace

Key market aspects are illuminated in the report:

Executive Summary: It covers a summary of the most vital studies, the Global Fiber-Reinforced Plastic Composites market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Fiber-Reinforced Plastic Composites market, the years measured and the study points.

Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.

Manufacture by region: This Global Fiber-Reinforced Plastic Composites report offers data on imports and exports, sales, production and key companies in all studied regional markets

Fiber Reinforced Plastic (FRP) Market Segment Analysis - By Resin
Thermoset held the largest share of 53% in the Fiber Reinforced Plastic (FRP) Market in 2020. A thermosetting resin, or thermoset, is a polymer which cures into a hard shape using curing method such as heat or radiation. The curing process is irreversible as it introduces a polymer network crosslinked by covalent chemical bonds. The most preferred thermosets are epoxy and polyester resin owing to their properties like high strength, low Shrinkage, excellent adhesion to various substrates, effective electrical insulation, chemical and solvent resistance, and low cost and low toxicity. For instance, in 2020 Massachusetts Institute of Technology (MIT) have developed a way to modify thermoset plastics with a chemical linker that makes the materials much easier to break down, but still allows them to retain the mechanical strength that makes them so useful. Whereas, in 2020 Huntsman is all set to acquire CVC Thermoset Specialties, a well-known player in thermoset market and has an annual revenue of $115 million, for $300 million. And the acquisition brings valuable complementary technology breadth to their Advanced Materials portfolio and its unique products will make systems using class-leading epoxy-based materials even tougher, stronger, and more durable. Such high demands and developments will enhance the overall market of Fiber Reinforced Plastic (FRP) in the forecast period.

Fiber Reinforced Plastic (FRP) Market Segment Analysis - By Manufacturing Process
Pultrusion dominates the Fiber Reinforced Plastic (FRP) Market growing at a CAGR of 4.5%. Pultrusion is the manufacturing process that creates continuous lengths of Fiber Reinforced Plastic (FRP) (FRP). It produces a product where cross-sections are constant. Pultruded composite profiles have seen an increase in demand in recent years and for good reason. With the high durability and non-corrosive character traits of glass Fiber Reinforced Plastic (FRP), it is a clear advantage to the customer to select a pultruded profile. This process is accepted by almost all the manufacturer of Fiber Reinforced Plastic (FRP) and have enhance the certain growth of Fiber Reinforced Plastic (FRP)Market.

The cost analysis of the Global Fiber-Reinforced Plastic Composites Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.

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Key questions answered in the report include:

who are the key market players in the Fiber-Reinforced Plastic Composites Market?
Which are the major regions for dissimilar trades that are expected to eyewitness astonishing growth for the Fiber-Reinforced Plastic Composites Market?
What are the regional growth trends and the leading revenue-generating regions for the Fiber-Reinforced Plastic Composites Market?
What will be the market size and the growth rate by the end of the forecast period?
What are the key Fiber-Reinforced Plastic Composites Market trends impacting the growth of the market?
What are the major Product Types of Fiber-Reinforced Plastic Composites?
What are the major applications of Fiber-Reinforced Plastic Composites?
Which Fiber-Reinforced Plastic Composites Services technologies will top the market in next 7 years?
Table of Contents

Global Fiber-Reinforced Plastic Composites Market Research Report 2022 - 2029

Chapter 1 Fiber-Reinforced Plastic Composites Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Fiber-Reinforced Plastic Composites Market Forecast

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