GFRP Composites Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

and India GFRP Composites Market Size
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).

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and India GFRP Composites Market
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.
In India, the GFRP Composites revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).
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.
This report focuses on global and India GFRP Composites market, also covers the segmentation data of other regions in regional level and county level.

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Segment by Type
• Thermosetting Plastic Products
• Thermoplastic Plastic Products

Segment by Application
• Transport
• Electro & Electronics
• Construction
• Sport & Leisure
• Others

By Company
BASF, Lanxess, DSM, SABIC, Avient, DuPont, Solvay, Celanese, RTP, Evonik, Daicel, Kolon, Denka, Kingfa

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