GFRP Composites Market Splendid Growth at a CAGR of 3.4% 2023 to 2029 | DSM, SABIC, DuPont, Solvay, Evonik

Los Angeles, (United States) - The GFRP Composites industry is a vast and diverse sector that plays a critical role in various other industries, including manufacturing, construction, pharmaceuticals, automotive, and consumer goods. It encompasses a wide range of products, such as industrial chemicals, polymers, plastics, specialty chemicals, paints and coatings, adhesives, metals, ceramics, and composites. The report focuses on the major players that are in operation within the market and their competitive landscape present in the market. The report includes an inventory of initiatives taken by the businesses within the past years. The report has mentioned growth parameters in the regional markets along with major players dominating the regional growth such as North America, Europe, China, Japan, Southeast Asia and India.

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Market Overview: GFRP Composites

The GFRP Composites industry is a vast and diverse sector that plays a critical role in various other industries, including manufacturing, construction, pharmaceuticals, automotive, and consumer goods. It encompasses a wide range of products, such as industrial chemicals, polymers, plastics, specialty chemicals, paints and coatings, adhesives, metals, ceramics, and composites. The GFRP Composites market is one of the largest and fastest-growing industries globally. Its growth is driven by factors such as increasing population, urbanization, industrialization, and technological advancements. The global GFRP Composites revenue was US$ 31240 million in 2022 and is forecast to a readjusted size of US$ 39580 million by 2029 with a CAGR of 3.4% during the forecast period (2023-2029).

Glass fiber reinforced plastic (GFRP) composites refer to composite materials made of resin reinforced with glass fiber. GFRP composites is used for its high mechanical strength, light weight, corrosion and temperature resistant properties, thermal insulation, smooth internal surface, easy to form complex shapes, ease of repair and its cost effectiveness.

Global key players of GFRP composites include BASF, Lanxess, DSM and SABIC, the top four players hold a share over 11%. BASF is the largest producer, with a share of 4%. Asia-Pacific is the largest market of GFRP composites, with a share about 50%, followed by North America and Europe, with shares about 29% and 17% separately. In terms of product type, thermosetting plastic products is the largest segment, with a share about 55%. And in terms of application, transport is the largest application, with a share about 32 percent.

Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report. The report focuses on the operation and their competitive landscape present within the market. Identification of numerous key players of the market will help the reader perceive the ways and collaborations that players will need to understand the competition within the global GFRP Composites market.

The Following Manufacturers Are Covered In This Report:-

BASF

Lanxess

DSM

SABIC

Avient

DuPont

Solvay

Celanese

RTP

Evonik

Daicel

Kolon

Denka

Kingfa

GFRP Composites Market Segmentation Analyses: -

Our market analysts are experts in deeply segmenting the global GFRP Composites market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global GFRP Composites market, taking into consideration the market potential of different segments studied. It assists market participants to focus on high-growth areas of the global GFRP Composites market and plan powerful business tactics to secure a position of strength in the industry.

Segment by Type

Thermosetting Plastic Products

Thermoplastic Plastic Products

Segment by Application

Transport

Electro & Electronics

Construction

Sport & Leisure

Others



Market Trends and Drivers:-

This section will focus on the latest trends and drivers shaping the GFRP Composites industry. Some of the trends may include the adoption of sustainable practices, increased demand for bio-based materials, digitalization of chemical manufacturing processes, and the rise of green chemistry. Additionally, we will identify key drivers, such as rising consumer demand, rapid industrialization in emerging economies, and advancements in material science.

Challenges and Restraints:-

Despite its growth potential, the GFRP Composites industry faces several challenges and restraints. This section will discuss issues like stringent environmental regulations, volatility in raw material prices, and the need to address safety concerns. We will also analyze the impact of these challenges on the market and potential mitigation strategies.

Emerging Opportunities:-

This section will explore potential growth opportunities and untapped markets within the GFRP Composites industry. These opportunities may arise from technological advancements, shifting consumer preferences, or evolving regulatory landscapes. We will also highlight the prospects for innovation and research & development in the industry.

Future Outlook: -

The GFRP Composites industry is projected to witness steady growth in the coming years, driven by advancements in technology, expanding applications, and increasing investments in R&D. Emerging GFRP Composites markets in Asia-Pacific and Latin America are expected to offer significant growth opportunities.

Report on the Global GFRP Composites Market: The Cumulative Impact of High Inflation

The worldwide GFRP Composites market research examines the cumulative impact of excessive inflation on the market. The impact of inflation, a crucial economic element, on consumer purchasing power and corporate profitability cannot be understated. The research study analyses how the GFRP Composites industry and its various sectors may be impacted by rising inflation rates. It assesses the challenges and possibilities that inflation may present and makes recommendations to mitigate its effects. The study looks at the pricing strategies used by big corporations to fend off inflationary pressures and maintain their market share. Recognizing the overall effects of high inflation can help companies and investors come up with strategies to navigate through tough economic times and ensure sustainable growth in the GFRP Composites market.

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Regional Insights

Asia-Pacific: The Asia-Pacific region dominates the GFRP Composites market, driven by rapid industrialization in countries like China and India. The region benefits from low-cost labor, favourable government policies, and rising consumer demand.

North America: The North American GFRP Composites market is characterized by technological advancements, a focus on sustainability, and the presence of key players. The United States leads in chemical production, with a strong emphasis on research and development.

Europe: Europe has a mature GFRP Composites industry, with a focus on eco-friendly and sustainable practices. The region's stringent regulations drive innovation in green chemistry and bio-based materials.

Latin America and Middle East/Africa: These regions offer significant growth opportunities due to expanding industrial sectors, favorable investment policies, and increasing consumer demand.

Key Drivers and Challenges:

Growing Demand: Increasing population, urbanization, and rising disposable incomes drive the demand for GFRP Composites across industries.

Technological Advancements: Innovative technologies, such as 3D printing, smart materials, and nanotechnology, are reshaping the GFRP Composites landscape.

Sustainability and Environmental Concerns: There is a growing emphasis on sustainable practices, renewable resources, and reducing the carbon footprint in the GFRP Composites industry.

Regulatory Landscape: Stringent regulations regarding safety, health, and environmental impact pose challenges for chemical manufacturers.

Supply Chain Disruptions: Volatile raw material prices, geopolitical tensions, and global events (e.g., the COVID-19 pandemic) can disrupt the supply chain and affect GFRP Composites market dynamics.

Table of Content

1 Study Coverage
1.1 GFRP Composites Product Introduction
1.2 Global GFRP Composites Outlook 2018 VS 2022 VS 2029
1.2.1 Global GFRP Composites Sales in US$ Million for the Year 2018-2029
1.2.2 Global GFRP Composites Sales in Volume for the Year 2018-2029
1.3 United States GFRP Composites Outlook 2018 VS 2022 VS 2029
1.3.1 United States GFRP Composites Sales in US$ Million for the Year 2018-2029
1.3.2 United States GFRP Composites Sales in Volume for the Year 2018-2029
1.4 GFRP Composites Market Size, United States VS Global, 2018 VS 2022 VS 2029
1.4.1 The Market Share of United States GFRP Composites in Global, 2018 VS 2022 VS 2029
1.4.2 The Growth Rate of GFRP Composites Market Size, United States VS Global, 2018 VS 2022 VS 2029
1.5 GFRP Composites Market Dynamics
1.5.1 GFRP Composites Industry Trends
1.5.2 GFRP Composites Market Drivers
1.5.3 GFRP Composites Market Challenges
1.5.4 GFRP Composites Market Restraints
1.6 Study Objectives
1.7 Years Considered
1.8 Years Considered

2 GFRP Composites by Type
2.1 GFRP Composites Market Segment by Type
2.1.1 Thermosetting Plastic Products
2.1.2 Thermoplastic Plastic Products
2.2 Global GFRP Composites Market Size by Type
2.2.1 Global GFRP Composites Sales in Value, by Type (2018, 2022 & 2029)
2.2.2 Global GFRP Composites Sales in Volume, by Type (2018, 2022 & 2029)
2.2.3 Global GFRP Composites Average Selling Price (ASP) by Type (2018, 2022 & 2029)
2.3 United States GFRP Composites Market Size by Type
2.3.1 United States GFRP Composites Sales in Value, by Type (2018, 2022 & 2029)
2.3.2 United States GFRP Composites Sales in Volume, by Type (2018, 2022 & 2029)
2.3.3 United States GFRP Composites Average Selling Price (ASP) by Type (2018, 2022 & 2029)

3 GFRP Composites by Application
3.1 GFRP Composites Market Segment by Application
3.1.1 Transport
3.1.2 Electro & Electronics
3.1.3 Construction
3.1.4 Sport & Leisure
3.1.5 Others
3.2 Global GFRP Composites Market Size by Application
3.2.1 Global GFRP Composites Sales in Value, by Application (2018, 2022 & 2029)
3.2.2 Global GFRP Composites Sales in Volume, by Application (2018, 2022 & 2029)
3.3.3 Global GFRP Composites Average Selling Price (ASP) by Application (2018, 2022 & 2029)
3.3 United States GFRP Composites Market Size by Application
3.3.1 United States GFRP Composites Sales in Value, by Application (2018, 2022 & 2029)
3.3.2 United States GFRP Composites Sales in Volume, by Application (2018, 2022 & 2029)
3.3.3 United States GFRP Composites Average Selling Price (ASP) by Application (2018, 2022 & 2029)

4 Global GFRP Composites Competitor Landscape by Company
4.1 Global GFRP Composites Market Size by Company
4.1.1 Global Key Manufacturers of GFRP Composites, Ranked by Revenue (2022)
4.1.2 Global GFRP Composites Revenue by Manufacturer (2018-2023)
4.1.3 Global GFRP Composites Sales by Manufacturer (2018-2023)
4.1.4 Global GFRP Composites Price by Manufacturer (2018-2023)
4.2 Global GFRP Composites Concentration Ratio (CR)
4.2.1 GFRP Composites Market Concentration Ratio (CR)
4.2.2 Global Top 5 and Top 10 Largest Manufacturers of GFRP Composites in 2022
4.2.3 Global GFRP Composites Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.3 Global Key Manufacturers of GFRP Composites, Manufacturing Base Distribution and Headquarters
4.4 Global Key Manufacturers of GFRP Composites, Product Offered and Application
4.5 Global Key Manufacturers of GFRP Composites, Date of Enter into This Industry
4.6 Manufacturers Mergers & Acquisitions, Expansion Plans
4.7 United States GFRP Composites Market Size by Company
4.7.1 Key Players of GFRP Composites in United States, Ranked by Revenue (2022)
4.7.2 United States GFRP Composites Revenue by Players (2018-2023)
4.7.3 United States GFRP Composites Sales by Players (2018-2023)

5 Global GFRP Composites Market Size by Region
5.1 Global GFRP Composites Market Size by Region: 2018 VS 2022 VS 2029
5.2 Global GFRP Composites Market Size in Volume by Region (2018-2029)
5.2.1 Global GFRP Composites Sales in Volume by Region: 2018-2023
5.2.2 Global GFRP Composites Sales in Volume Forecast by Region (2024-2029)
5.3 Global GFRP Composites Market Size in Value by Region (2018-2029)
5.3.1 Global GFRP Composites Sales in Value by Region: 2018-2023
5.3.2 Global GFRP Composites Sales in Value by Region: 2024-2029

6 Americas
6.1 Americas GFRP Composites Market Size YoY Growth 2018-2029
6.2 Americas GFRP Composites Sales in Volume, by Type (2018, 2022 & 2029)
6.3 Americas GFRP Composites Sales in Volume, by Application (2018, 2022 & 2029)
6.4 Americas GFRP Composites Market Facts & Figures by Country (2018, 2022 & 2029)
6.4.1 Americas GFRP Composites Sales in Value by Country (2018, 2022 & 2029)
6.4.2 Americas GFRP Composites Sales in Volume by Country (2018, 2022 & 2029)
6.4.3 United States
6.4.4 Canada
6.4.5 Mexico
6.4.6 Brazil

7 EMEA
7.1 EMEA GFRP Composites Market Size YoY Growth 2018-2029
7.2 EMEA GFRP Composites Sales in Volume, by Type (2018, 2022 & 2029)
7.3 EMEA GFRP Composites Sales in Volume, by Application (2018, 2022 & 2029)
7.4 EMEA GFRP Composites Market Facts & Figures by Country (2018, 2022 & 2029)
7.4.1 EMEA GFRP Composites Sales in Value by Country (2018, 2022 & 2029)
7.4.2 EMEA GFRP Composites Sales in Volume by Country (2018, 2022 & 2029)
7.4.3 Europe
7.4.4 Middle East
7.4.5 Africa

8 China
8.1 China GFRP Composites Market Size YoY Growth 2018-2029
8.2 China GFRP Composites Sales in Volume, by Type (2018, 2022 & 2029)
8.3 China GFRP Composites Sales in Volume, by Application (2018, 2022 & 2029)

9 APAC
9.1 APAC GFRP Composites Market Size YoY Growth 2018-2029
9.2 APAC GFRP Composites Sales in Volume, by Type (2018, 2022 & 2029)
9.3 APAC GFRP Composites Sales in Volume, by Application (2018, 2022 & 2029)
9.4 APAC GFRP Composites Market Facts & Figures by Region (2018, 2022 & 2029)
9.4.1 APAC GFRP Composites Sales in Value by Region (2018, 2022 & 2029)
9.4.2 APAC GFRP Composites Sales in Volume by Region (2018, 2022 & 2029)
9.4.3 Japan
9.4.4 South Korea
9.4.5 China Taiwan
9.4.6 Southeast Asia
9.4.7 India

10 Company Profiles
10.1 BASF
10.1.1 BASF Company Information
10.1.2 BASF Description and Business Overview
10.1.3 BASF GFRP Composites Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BASF GFRP Composites Products Offered
10.1.5 BASF Recent Development
10.2 Lanxess
10.2.1 Lanxess Company Information
10.2.2 Lanxess Description and Business Overview
10.2.3 Lanxess GFRP Composites Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Lanxess GFRP Composites Products Offered
10.2.5 Lanxess Recent Development
10.3 DSM
10.3.1 DSM Company Information
10.3.2 DSM Description and Business Overview
10.3.3 DSM GFRP Composites Sales, Revenue and Gross Margin (2018-2023)
10.3.4 DSM GFRP Composites Products Offered
10.3.5 DSM Recent Development
10.4 SABIC
10.4.1 SABIC Company Information
10.4.2 SABIC Description and Business Overview
10.4.3 SABIC GFRP Composites Sales, Revenue and Gross Margin (2018-2023)
10.4.4 SABIC GFRP Composites Products Offered
10.4.5 SABIC Recent Development
10.5 Avient
10.5.1 Avient Company Information
10.5.2 Avient Description and Business Overview
10.5.3 Avient GFRP Composites Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Avient GFRP Composites Products Offered
10.5.5 Avient Recent Development
10.6 DuPont
10.6.1 DuPont Company Information
10.6.2 DuPont Description and Business Overview
10.6.3 DuPont GFRP Composites Sales, Revenue and Gross Margin (2018-2023)
10.6.4 DuPont GFRP Composites Products Offered
10.6.5 DuPont Recent Development
10.7 Solvay
10.7.1 Solvay Company Information
10.7.2 Solvay Description and Business Overview
10.7.3 Solvay GFRP Composites Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Solvay GFRP Composites Products Offered
10.7.5 Solvay Recent Development
10.8 Celanese
10.8.1 Celanese Company Information
10.8.2 Celanese Description and Business Overview
10.8.3 Celanese GFRP Composites Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Celanese GFRP Composites Products Offered
10.8.5 Celanese Recent Development
10.9 RTP
10.9.1 RTP Company Information
10.9.2 RTP Description and Business Overview
10.9.3 RTP GFRP Composites Sales, Revenue and Gross Margin (2018-2023)
10.9.4 RTP GFRP Composites Products Offered
10.9.5 RTP Recent Development
10.10 Evonik
10.10.1 Evonik Company Information
10.10.2 Evonik Description and Business Overview
10.10.3 Evonik GFRP Composites Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Evonik GFRP Composites Products Offered
10.10.5 Evonik Recent Development
10.11 Daicel
10.11.1 Daicel Company Information
10.11.2 Daicel Description and Business Overview
10.11.3 Daicel GFRP Composites Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Daicel GFRP Composites Products Offered
10.11.5 Daicel Recent Development
10.12 Kolon
10.12.1 Kolon Company Information
10.12.2 Kolon Description and Business Overview
10.12.3 Kolon GFRP Composites Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Kolon GFRP Composites Products Offered
10.12.5 Kolon Recent Development
10.13 Denka
10.13.1 Denka Company Information
10.13.2 Denka Description and Business Overview
10.13.3 Denka GFRP Composites Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Denka GFRP Composites Products Offered
10.13.5 Denka Recent Development
10.14 Kingfa
10.14.1 Kingfa Company Information
10.14.2 Kingfa Description and Business Overview
10.14.3 Kingfa GFRP Composites Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Kingfa GFRP Composites Products Offered
10.14.5 Kingfa Recent Development

11 Industry Chain and Sales Channels Analysis
11.1 GFRP Composites Industry Chain Analysis
11.2 GFRP Composites Key Raw Materials
11.2.1 Key Raw Materials
11.2.2 Raw Materials Key Suppliers
11.3 GFRP Composites Production Mode & Process
11.4 GFRP Composites Sales and Marketing
11.4.1 GFRP Composites Sales Channels
11.4.2 GFRP Composites Distributors
11.5 GFRP Composites Customers

12 Research Findings and Conclusion

13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Author Details
13.3 Disclaimer

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