FRP Composite Materials Market Projected to Garner Significant Revenues by 2026
Global FRP Composite Materials Market: Dynamics
Demand for FRP compound substances is increasing rapidly due to its properties such as lightweight; FRP is 70% lighter compared to various metals and provides high strength like that of metals. FRP composite materials are corrosion resistant and require much lesser maintenance than common metals, wood or embodied products. FRP composite material is non-conductive and non-magnetic. FRP composite materials have impacted and even revolutionized several major markets such as the wind energy market. FRP composite materials are being used for the nacelles, spinner and turbine blades. The high strength and lightweight FRP composite materials based products allow for longer and wider blades resulting in high production of electrical energy in the wind farms. Apart from these drivers, the market also face challenges such as high cost, mean production velocity or power depth regarding compound materials.
Global FRP Composite Materials Market: Regional Outlook
Europe and North America are expected to remain key markets in the global FRP composite materials market over the forecast period. China and India are projected to grow at a high pace, with Latin America and Middle East & Africa also expected to witness significant growth over the forecast period.
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FRP Composite Materials Market: Market Participants
Examples of some of the market participants identified in the FRP composite materials market are as follows:
Kemrock Industries And Exports Limited
Aeron Composite Pvt. Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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