Glass Fiber Reinforced Plastic (GFRP) Composites Market is Expected To See a Growth of 6.6% by 2032



The market for glass fiber reinforced plastic composites market is growing continuously and is expected to grow at a moderate CAGR of 6.6% between 2022 and 2032. Glass fiber reinforced plastic is a lightweight and durable material made from very fine glass fibers .

Compared to carbon fibers, glass fibers have low brittleness and the glass fibers used to manufacture them are less expensive. In its latest report, ESOMAR-certified market research firm Future Market Insights offers an extensive study on the market for Glass Fiber Reinforced Plastic (GFRP) Composites.

FMI provides a new study to elucidate the potential growth parameters of the Glass Fiber Reinforced Plastic (GFRP) Composites market. On the back of prevailing trends FMI presents a positive growth outlook.

The report is intended to present an unbiased analysis. It therefore offers incisive coverage on key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on Glass Fiber Reinforced Plastic (GFRP) Composites market structure.

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FMI’s in-house team for chemicals & materials sector gives valuable insights, validated with latest data. The report also gives access to extensive database that tracks existing and upcoming chemicals & materials trends and innovation in 100+ countries.

FMI’s latest report on global Glass Fiber Reinforced Plastic (GFRP) Composites market provides analysis on regulatory landscape and profitable epidemiology. The study also tracks global sales of primary Glass Fiber Reinforced Plastic (GFRP) Composites in 20+ high-growth markets, along with the detailed coverage of the impact COVID-19 had on the Glass Fiber Reinforced Plastic (GFRP) Composites market.

In the last couple of years, chemicals & materials industry has witnessed considerable technological advancements across various sectors. Coupled with this, increasing research and development activities following the outbreak of COVID-19 have had a positive impact on the overall growth.

With the development in petroleum & oil and gas companies and R&D activities, the market has witnessed a healthy expansion. FMI’s latest report offers significant details about the latest trend and challenges that the Glass Fiber Reinforced Plastic (GFRP) Composites market is expected to witness in the upcoming decade.

Impact of COVID-19 on Glass Fiber Reinforced Plastic (GFRP) Composites Market

The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time.

Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.

The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Glass Fiber Reinforced Plastic (GFRP) Composites market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.

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 Glass Fiber Reinforced Plastic (GFRP) Composites Market: Competitive Evaluation

The FMI’s Glass Fiber Reinforced Plastic (GFRP) Composites market report provides a comprehensive analysis on key players operating in the Glass Fiber Reinforced Plastic (GFRP) Composites market. Some of the key players are:

  • Johns Manville
  • BGF Industries
  • Asahi Glass Company Limited
  • Advanced Glassfiber Yarns LLC
  • Chomarat Group
  • Jushi Group Co. Ltd.
  • Taishan Fiberglass 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

With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.

Glass Fiber Reinforced Plastic (GFRP) Composites Market: Key Segmentation

Extensive study of the geographical regions offers detailed insights on the market performance across major regions along with descriptive info graphics, datasets, and list of tables.

By Type

  • Epoxy
  • Polyester
  • Vinyl Ester

By Application

  • Transportation
  • Electricals
  • Electronics

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Why Buy FMI’s Report?

  • Extensive analysis on high growth niche markets across major regions
  • Detailed assessment on key segments and sub-segments
  • Recent and upcoming strategies tracked of manufacturers for the Glass Fiber Reinforced Plastic (GFRP) Composites market
  • Reliable information on new product launches, technological advancements, and more
  • Valuable insights on the impact of regulatory framework on the global Glass Fiber Reinforced Plastic (GFRP) Composites market

Explore FMI’s Extensive ongoing Coverage on Chemicals & Materials Domain

Aramid Fiber Market The global aramid fiber market is expected to reach a market valuation of US$ 3.8 Billion by the year 2022, accelerating with a CAGR of 5.3% by 2022-2032.

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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