Press release
FRP Panels & Sheets Market to Reach USD 2.03 Billion by 2030, Growing at a CAGR of 7.1%
๐๐ฅ๐จ๐๐๐ฅ ๐ ๐๐ ๐๐๐ง๐๐ฅ๐ฌ ๐๐ง๐ ๐๐ก๐๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ญ๐ข๐๐ข๐ฉ๐๐ญ๐๐ ๐ญ๐จ ๐๐๐๐๐ก ๐๐๐ ๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐The global Fiber Reinforced Polymer (FRP) panels and sheets market is experiencing significant growth, driven by increasing demand across various industries such as automotive, construction, and aerospace. According to Maximize Market Research, the market is expected to reach USD 2.03 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.1% during the forecast period.
๐ ๐๐ ๐๐๐ง๐๐ฅ๐ฌ & ๐๐ก๐๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐๐ญ๐ง๐๐ฆ ๐๐ง ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
Vietnam's rapid industrialization and infrastructure development present substantial opportunities for the FRP panels and sheets market. The construction sector's expansion, coupled with increasing automotive production, is driving the demand for durable and lightweight materials like FRP composites.
๐ ๐๐ ๐๐๐ง๐๐ฅ๐ฌ & ๐๐ก๐๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐ข๐ง๐ ๐ข๐ง ๐๐ซ๐จ๐ฐ๐ญ๐ก
China's booming construction and automotive industries are significantly contributing to the growth of the FRP panels and sheets market. The country's focus on sustainable and lightweight materials in manufacturing processes is further propelling market expansion.
๐ ๐๐ ๐๐๐ง๐๐ฅ๐ฌ & ๐๐ก๐๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ข๐ฅ๐๐ง๐ ๐ข๐ง ๐๐ซ๐๐ง๐๐ฌ
In Thailand, the FRP panels and sheets market is witnessing increased adoption in the construction and transportation sectors. The material's properties, such as high strength-to-weight ratio and corrosion resistance, make it ideal for applications in these industries.
๐๐จ๐จ๐ค๐ข๐ง๐ ๐๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ง๐จ๐ฐ : https://www.maximizemarketresearch.com/request-sample/62606/
๐ ๐๐ ๐๐๐ง๐๐ฅ๐ฌ & ๐๐ก๐๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐๐ง ๐ข๐ง ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Japan's FRP panels and sheets market is experiencing consolidation, with key players engaging in strategic mergers and acquisitions to enhance their market presence. Companies are focusing on technological advancements and expanding their product portfolios to meet diverse industry demands.
๐ ๐๐ ๐๐๐ง๐๐ฅ๐ฌ & ๐๐ก๐๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐ ๐ข๐ง ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ
South Korea is at the forefront of technological advancements in the FRP panels and sheets market. The country's emphasis on research and development is leading to the creation of innovative FRP solutions, catering to the evolving needs of the automotive and electronics industries.
๐ ๐๐ ๐๐๐ง๐๐ฅ๐ฌ & ๐๐ก๐๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐ ๐ข๐ง ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
Singapore's robust construction and marine industries offer significant opportunities for the FRP panels and sheets market. The demand for high-performance and corrosion-resistant materials in these sectors is driving the adoption of FRP composites.
๐ ๐๐ ๐๐๐ง๐๐ฅ๐ฌ & ๐๐ก๐๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ ๐ข๐ง ๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
In the United States, the FRP panels and sheets market is witnessing notable developments, including strategic acquisitions. For instance, QXO, a new player in building-products distribution, has made an offer to acquire Beacon Roofing Supply, aiming to expand its presence in the building materials sector.
๐ ๐๐ ๐๐๐ง๐๐ฅ๐ฌ & ๐๐ก๐๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ซ๐จ๐ฉ๐ ๐ข๐ง ๐๐ซ๐๐ง๐๐ฌ
Europe is observing a growing trend towards the use of sustainable and lightweight materials, bolstering the FRP panels and sheets market. The automotive and construction industries are increasingly incorporating FRP composites to enhance performance and reduce environmental impact.
The global FRP panels and sheets market is poised for substantial growth, driven by advancements in material technology and increasing applications across various industries. As companies pursue strategic initiatives and innovations, the market is expected to witness significant developments in the coming years.
๐๐จ๐จ๐ค๐ข๐ง๐ ๐๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ง๐จ๐ฐ :https://www.maximizemarketresearch.com/request-sample/62606/
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐ค๐๐ฒ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ญ๐ก๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐ญ๐ก๐ ๐ ๐๐ ๐๐๐ง๐๐ฅ๐ฌ & ๐๐ก๐๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ :
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
General lining surface sheets
Fiberglass sheets
Gel-coat sheets
Bead sheets
Others
๐๐ฒ ๐ ๐ข๐๐๐ซ ๐๐ฒ๐ฉ๐
Glass
Fiber
Others
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ
Automotive and aerospace
Building and construction
Aerospace and Defense
Electronics and electrical
Consumer products
Transportation
Others
The automobile industry is anticipated to control the FRP Panels & Sheets market both now and in the future by the End-User segment. In 2023, the automotive segment recorded the biggest market share. Automotive accounts for about X.32% of the overall market share. Due to its notable qualities, such as dimensional stability, chemical resistance, toughness, stiffness, thermal resistance, flexibility, and improved barrier qualities at high temperatures, the material is in high demand. In order to openly augment the size of the FRP panels and sheets business in the next years, the product is widely employed in the production of sidewall panels, roof panels, floor panels, and door skins. However, automakers and original equipment manufacturers are requesting new materials to lighten vehicles and increase fuel economy and carbon emissions.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ญ๐ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐ฏ๐ข๐๐ฐ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ : @https://www.maximizemarketresearch.com/market-report/global-frp-panels-sheets-market/62606/
๐๐๐๐ซ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ข๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐ ๐๐ ๐๐๐ง๐๐ฅ๐ฌ & ๐๐ก๐๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ :
1. Panolam Industries International
2. Polser Fiberglass Reinforced Plastics
3. US Liner Company, Enduro Composites
4. LAMILUX Heinrich Strunz Group
5. Stabilit Servicios S.A. De C.V., Crane Co
6. Brianza Plastica
7. Crane Composites
8. U.S. Liner Company
9. Optiplan GmbH
10.Glasteel
11.Hill & Smith Holdings PLC
12.Rรถchling
13.DOFRP
14.Kalwall Corporation.
15.Strongwell Corporation
16.Plastics Plus Ltd.
๐๐๐ญ ๐๐ง๐ฌ๐ฐ๐๐ซ๐ฌ ๐ญ๐จ ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐๐ฉ๐ข๐ง๐ ๐ญ๐ก๐ ๐ ๐๐ ๐๐๐ง๐๐ฅ๐ฌ & ๐๐ก๐๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ:
What is FRP Panels & Sheets ?
What is the growth rate of the FRP Panels & Sheets ?
Which are the factors expected to drive the FRP Panels & Sheets growth?
What is the CAGR at which the FRP Panels & Sheets market will grow during the forecast period?
What are the different segments of the FRP Panels & Sheets ?
Which is the fastest growing region in the FRP Panels & Sheets ?
What growth strategies are the players considering to increase their presence in FRP Panels & Sheets ?
What are the upcoming opportunities and trends for the FRP Panels & Sheets?
What are the recent industry trends that can be implemented to generate additional revenue streams for the FRP Panels & Sheets?
Who are the leading companies and what are their portfolios in FRP Panels & Sheets ?
What segments are covered in the FRP Panels & Sheets?
Who are the key players in the FRP Panels & Sheets ?
๐๐๐ข๐ง ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐๐ฅ๐ฎ๐๐๐ฅ๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/62606/ ๏ปฟ
๐๐๐ญ ๐ ๐๐ฅ๐จ๐ฌ๐๐ซ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐ ๐๐ฆ๐-๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ.
Past Size and Competitive Landscape
โข Past Pricing and price curve by region
โข Size, Share, Size Forecast by different segment
โข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โข Segmentation A detailed analysis by segment with their sub-segments and Region
โข Competitive Landscape Profiles of selected key players by region from a strategic perspective
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
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๐๐๐๐๐ก ๐๐ฎ๐ญ ๐ญ๐จ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ซ ๐๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ :
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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