Fiberglass Reinforced Plastic (FRP) is a strong composite material that repels dirt and stains making it an ideal surface for high-use commercial settings and service areas that depend on sanitary conditions. Comprised of an impact-resistant material commonly used in the aerospace, automotive, marine, and construction industries.
Market Analysis and Insights: Global Fiberglass Reinforced Plastics (FRP) Market
Due to the COVID-19 pandemic, the global Fiberglass Reinforced Plastics (FRP) market size is estimated to be worth US$ 36700 million in 2022 and is forecast to a readjusted size of US$ 42940 million by 2028 with a CAGR of 2.7% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Thermosetting Plastic Products accounting for % of the Fiberglass Reinforced Plastics (FRP) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Aerospace segment is altered to an % CAGR throughout this forecast period.
North America Fiberglass Reinforced Plastics (FRP) market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Fiberglass Reinforced Plastics (FRP) include Fiber-Tech, Brianza Plastica, An-Cor, Exel Composites, Surendra Composites, Arrowhead Plastic, Dynaglass Reinforced Plastic and Heatex, etc. In terms of revenue, the global 3 largest players have a % market share of Fiberglass Reinforced Plastics (FRP) in 2021.
Global Fiberglass Reinforced Plastics (FRP) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Fiberglass Reinforced Plastics (FRP) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Thermosetting Plastic Products
Thermoplastic Plastic Products
Segment by Application
Aerospace
Automotive
Marine
Construction
Others
By Company
Fiber-Tech
Brianza Plastica
An-Cor
Exel Composites
Surendra Composites
Arrowhead Plastic
Dynaglass Reinforced Plastic
Heatex
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina