Press release
Glass Fiber Reinforced Polymer Market is projected to reach USD 63.11 Billion by 2030 : Cognitive Market Research
Glass Fiber Reinforced Polymer Market is projected to reach USD 63.11 Billion by 2030 : Cognitive Market Research
What is Glass Fiber Reinforced Polymer?
- Glass fiber-reinforced polymer, commonly known as glass fiber-reinforced plastic, is a composite material made by combining E-glass fiber and polyester material. It has tensile strengths ranging from 44 to 2358 MPa and compressive strengths ranging from 140 to 350 MPa despite weighing just one-quarter the weight of steel. Hardening the woven material with thermosetting polymers such as epoxy, resin, or thermoplastics is an option.
Summary:
- The Glass Fiber Reinforced Polymer Market is projected to grow from USD 46.36 Billion in 2022 to USD 63.11 Billion by 2030, at a CAGR of 3.9%.
"To know more about The Glass Fiber Reinforced Polymer Market statistics click here: https://www.cognitivemarketresearch.com/glass-fiber-reinforced-polymer-market-report
Market Dynamics:
• The rising building & construction industry drives the market growth
Global Building & Construction industry is particularly creating a positive impact and this industry is expected to grow above global gross domestic product (GDP) growth over the next decade. The building and construction sectors are some of the largest sectors in the world economy. Building & Construction industry spending worldwide amounted to 11.4 trillion U.S. dollars. Building & Construction expenditures are expected to reach 14 trillion U.S. dollars in 2025. With this increase in growth in the construction industry, the demand for glass fiber-reinforced polymers has increased.
• Challenges for the Glass Fiber Reinforced Polymer Market
The availability of strong substitute products can hinder market growth. With the availability of carbon fiber-reinforced polymers with lightweight, low-density, and extremely conductive features the demand for glass fiber-reinforced polymers can be declined.
• Increasing demand for GFRP from aerospace industries will propel the market growth
The aircraft manufacturer and businesses are focusing more on investing in new technologies and adopting modern gateways. Incorporation of state-of-the-art automation and ever-improving technology smoothen aviation operations. Aircraft engine and bearing manufacturers have been aggressively seeking innovative materials technology systems solutions to fulfill main part designing. For such high-performance applications, GFRP is used. Given their poor rigidity, glass fiber composites are rarely employed in airplane constructions.
Glass Fiber Reinforced Polymer Market Segmentation:
Type
• Thermoplastic
• Polyester
• Epoxy
• Vinyl Ester
• Polyurethane
• Others
Application
• Wind Energy
• Transportation
• Electrical & Electronics
• Pipes & Tanks
• Marine
• Construction & Infrastructure
• Aerospace & Defense
• Others
The Major Players in Glass Fiber Reinforced Polymer Market are:
JEC, Chongqing Polycomp, Owens Corning, PPG, Johns Manville, Saint-Gobain, Nippon Sheet Glass, Binani, BFG, China Beihai Fiberglass, Nitto Boseki, Jiangsu Jiuding New Material
Get free sample pages of the latest published Glass Fiber Reinforced Polymer Market Report: https://www.cognitivemarketresearch.com/glass-fiber-reinforced-polymer-market-report/report_enquiry?id=4
Regional Analysis:
- Asia Pacific dominates the Glass Fiber Reinforced Polymer Market
The growing automobile sector in the Asia Pacific has made this region the global leader in glass fiber-reinforced plastics. The automobile sector, in particular, is rapidly increasing in China. This encourages regional development. Similarly, a new study from the International Renewable Energy Agency (IRENA) suggests that Asia's share of installed capacity for onshore wind may rise from 230 Gigawatts (GW) in 2018 to over 2600 GW by 2050. By then, the region would have become a global wind leader, accounting for more than half of all onshore and offshore wind capacity built globally.
Glass Fiber Reinforced Polymer Market Recent News
- In May 2022, SABIC launched LNP ELCRIN WF0061BiQ resin, a glass fiber-reinforced PBT polymer. The most recent addition to SABIC's extensive line of chemically upcycled LNP ELCRIN iQ materials is the new grade. These materials contribute to circularity and can also be used as drop-in replacements for virgin PBT resins. The LNP ELCRIN WF0061BiQ resin has the potential to be used in electrical connections and enclosures, computer fan housings, vehicle seats, and other consumer electronics applications.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Glass Fiber Reinforced Polymer Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Glass Fiber Reinforced Polymer Market Segmentation
1.5.1 Glass Fiber Reinforced Polymer Market Regional Fragmentation
1.5.1 Glass Fiber Reinforced Polymer Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Glass Fiber Reinforced Polymer Market
Chapter 4 Global Glass Fiber Reinforced Polymer Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Glass Fiber Reinforced Polymer Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Glass Fiber Reinforced Polymer Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Glass Fiber Reinforced Polymer Market Regional Analysis
Chapter 12 North America Glass Fiber Reinforced Polymer Market Outlook (2018 - 2030)
Chapter 13 Europe Glass Fiber Reinforced Polymer Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Glass Fiber Reinforced Polymer Market Outlook (2018 - 2030)
Chapter 15 Latin America Glass Fiber Reinforced Polymer Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Glass Fiber Reinforced Polymer Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more Glass Fiber Reinforced Polymer Market TOC click here: https://www.cognitivemarketresearch.com/glass-fiber-reinforced-polymer-market-report#table_of_contents
Related Report:
• Wind Turbines Market - https://www.cognitivemarketresearch.com/wind-turbines-market-report
• Composite Material Market - https://www.cognitivemarketresearch.com/composite-material-market-report
• Carbon Fibre Market - https://www.cognitivemarketresearch.com/carbon-fibre-market-report
• Thermoplastic Market - https://www.cognitivemarketresearch.com/thermoplastic-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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