Press release
What is the Projected CAGR for the Glass Fibre Reinforced Plastic Products Market
Glass Fibre Reinforced Plastic Products Market
GFRP products are increasingly popular among various end users due to their numerous advantages, such as high strength, lightweight nature, resistance to corrosion and fire, and durability. These products are made by combining glass fibers with a polymer matrix, creating a robust and versatile material often referred to as fiberglass reinforced plastic (FRP).
The rising demand for infrastructure construction, including pipelines, structural components, and bridges, is driving the adoption of GFRP materials. Their resilience to adverse environmental conditions and long lifespan make GFRP an ideal choice for these applications.
For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8758
Due to their superior strength-to-weight ratio, GFRP products are highly suitable for various industries, including construction, aerospace, and automotive, where reducing weight is crucial.
The demand for GFRP materials is propelled by the need for aircraft and vehicles with lower carbon emissions and improved fuel efficiency. Consequently, manufacturers of glass fiber reinforced plastic products have substantial growth opportunities in the automotive and aerospace sectors.
Key Takeaways from Market Study
From 2023 to 2033, the market for glass fiber reinforced plastic goods is expected to grow globally at a CAGR of 8.5%.
Products made of glass fiber reinforced plastic are frequently used in American aerospace production facilities to lower aircraft weight and increase fuel economy.
Europe's prowess in the automotive industry is driving up demand for GFRP goods. Because of their great strength and low weight, these materials are utilized in vehicle body panels, bumpers, and interior elements, which improves fuel economy and lowers emissions.
Asia Pacific is a promising market for suppliers of GFRP products due to its rapid industrialization, rising electronics and construction sectors, and infrastructural development.
"Glass fibre reinforced plastic products are extensively used in wind turbine blades, solar panels, and related infrastructure due to their strong and lightweight features", says a Fact.MR analyst.
๐๐๐๐ ๐๐จ๐ซ๐: https://www.factmr.com/report/glass-fibre-reinforced-plastic-products-market
Competitive Analysis
Producers of glass fiber reinforced plastic goods are concentrating on product developments, partnerships, and technological advancements in order to take advantage of new opportunities and maintain competitiveness in the changing industry.
In December 2021, pre-consumer recycled glass fiber that has been salvaged from industrial waste streams was introduced in two grades by Sabic, a leading global player in the chemical industry. The mechanical properties and color equivalency of these pre-consumer reprocessed short glass fiber reinforced polybutylene terephthalates (PBT) LNP Elcrin WF0061XPiQ and LNP Elcrin WF006XXPiQ compounds are comparable to those of Elcrin iQ grades that employ virgin glass fiber reinforcement.
Key Companies Profiled
Johns Manville
BGF Industries
Asahi Glass Company Limited
Advanced Glassfiber Yarns LLC
Chomarat Group
Jushi Group Co. Ltd
Taishan Fibreglass Inc
Owens Corning, PPG Industries Inc
Binani 3B-The Fibreglass Company
Saertex Group
Chongqing Polycomp International Corp
Saint-Gobain Vetrotex
Nitto Boseki Co. Ltd
Nippon Sheet Glass Co. Ltd
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8758
Key Segments GFRP Products Industry Research
By Resin Type:
Polyester
Vinyl Ester
Epoxy
Polyurethane
Thermoplastic
By End-use Industry:
Wind Energy
Electrical & Electronics
Transportation
Pipes & Tanks
Construction & Infrastructure
Marine
Aerospace & Defense
By Manufacturing Process:
Compression & Injection Molding Process
Layup
Filament Winding
Pultrusion
Resin Transfer Molding (RTM)
By Form:
Rebar
Powder
Sheets
Panels
Rolls
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global glass fibre reinforced plastic products market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights into the market based on resin type (polyester, vinyl ester, epoxy, polyurethane, thermoplastic), end-use industry (wind energy, electrical & electronics, transportation, pipes & tanks, construction & infrastructure, marine, aerospace & defense), manufacturing process (compression & injection molding process, layup, filament winding, pultrusion, resin transfer molding (RTM)), and form (rebar, powder, sheets, panels, rolls), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
๐๐จ๐ง๐ญ๐๐๐ญ:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com
๐๐๐จ๐ฎ๐ญ ๐ ๐๐๐ญ.๐๐
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What is the Projected CAGR for the Glass Fibre Reinforced Plastic Products Market here
News-ID: 3540096 • Views: โฆ
More Releases from Fact.MR
Intelligent Transport System Market is Evaluatedto Reach USD 63.77 Billion by 20 โฆ
Fact.MR today released its latest report on the Intelligent Transport System (ITS) Market, projecting robust growth driven by increasing urbanization, rising demand for efficient traffic management, and advancements in smart mobility technologies. Valued at USD 30.66 billion in 2024, the global market is forecasted to expand at a compound annual growth rate (CAGR) of 7.6%, reaching USD 63.77 billion by 2034. This significant growth underscores the critical role of ITSโฆ
Digital Door Lock System Market is Growing at a CAGR of 16% by 2034 | Key Player โฆ
Digital Door Lock System Market is valued at USD 11 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 16%, reaching USD 48.7 billion by 2034. This remarkable growth is driven by the increasing popularity of smart homes, which integrate advanced security features for enhanced convenience and protection. Digital door lock systems, utilizing technologies like biometrics and wireless connectivity, offer keyless entry, remoteโฆ
Electronic Access Control Systems Market is Estmated to Reach USD 32.5 Billion b โฆ
The global electronic access control systems market is valued at USD 14.64 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 8.3%, reaching USD 32.5 billion by 2033. This growth is driven by the increasing need for advanced security solutions amid rising threats of terrorism, break-ins, and data breaches. Electronic access control systems, encompassing biometrics, card-based, keypad, intruder alarm, and perimeter security technologies,โฆ
Neurology Devices Market is Estimated to Reach USD 22,335.5 Million by 2035 | Fa โฆ
Neurology Devices Market was valued at USD 10,944.3 million in 2024 and is forecasted to expand at a CAGR of 6.7%, reaching USD 22,335.5 million by 2035. This growth reflects the increasing demand for advanced diagnostic and therapeutic tools to address neurological disorders, including Alzheimer's disease, Parkinson's disease, major depression, epilepsy, spinal cord injury, and traumatic brain injury. Neurology devices play a crucial role in diagnosing, preventing, and treating theseโฆ
More Releases for FRP
FRP Rebar Market Set to Soar to $1361 Million by 2031 with 6.7% CAGR | Aslan FRP โฆ
Report Description -
QYResearch latest report 'FRP Rebar Market 2025 Report' provides a comprehensive analysis of the industry with market insights will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. Finally, this will increase the return rate and strengthen the competitive advantage within. Since it's a personalised market report, the services are catered to the particular difficulty. The correct methodologyโฆ
FRP Cable Tray Market Size and Forecast
FRP Cable Tray Market size was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.2% from 2024 to 2030.
FRP Cable Tray Market Outlook and Investment Analysis
What is the current outlook for the FRP Cable Tray Market?
The FRP Cable Tray market is experiencing strong growth due to its increasing demand across various industries such as construction, electrical,โฆ
FRP Rebar Market Growth Dynamics 2025-2032
The Fiber Reinforced Polymer (FRP) Rebar market has emerged as a critical player in the construction sector, offering innovative solutions for reinforcing concrete structures. With its lightweight, high tensile strength, and corrosion resistance, FRP Rebar is gaining traction in various applications, including road building, bridges, and underground construction. The market is characterized by a growing demand for sustainable construction materials, which is driving the adoption of FRP Rebar as aโฆ
Key Trend Reshaping the FRP Tank Market in 2025: Product Innovation In The FRP T โฆ
What combination of drivers is leading to accelerated growth in the frp tank market?
The growth of FRP tanks is anticipated to be driven by the escalating need for oil and gas storage solutions. Storage systems for oil and gas incorporate terminals or tanks that keep the produced oil and gas either above or underground. The oil and gas sector utilizes FRP tanks to hold bulk quantities of fluids at variousโฆ
FRP Pole Market Size, Share | Trend 2022
The global frp pole market size was valued at USD 328.1 million in 2021 and is expected to grow at a CAGR of 5.8% during the forecast period 2022 to 2028. FRP Pole (Fiber Reinforced Polymer Pole) is a type of composite material that is made by combining fibers such as carbon, fiberglass, or aramid with a polymer matrix. These poles are lightweight, strong, and highly durable, which makes themโฆ
Global Fiberglass-reinforced plastic (FRP) Vessel Market
The studies performed by GME showed the FRP Vessel Market is projected to show trajectorial growth in the middle of 2020-2026 at a CAGR of 8.4%.
Government inclination towards adoption of clean fuel and improving market of natural and fuel cell electric vehicles are the factors expected to boost up the FRP vessels market in coming years. The growing application range of FRP vessels in different sectors such as inโฆ
