Glass Fiber-reinforced Plastics (GFRP) Market Trends 2024 - 2031 : Preferences And Product Regional Analysis
This Glass Fiber-reinforced Plastics (GFRP) Market sector is rapidly evolving, with substantial growth and advancements expected by 2031. In-depth market research offers a comprehensive analysis of market size, share, and trends, providing crucial insights into its expansion. The report explores market segmentation and definitions, elucidating key components and drivers. Utilizing SWOT and PESTEL analyses, it evaluates the market's strengths, weaknesses, opportunities, and threats, as well as political, economic, social, technological, environmental, and legal factors. Expert Competitors Analysis insights and recent developments shed light on the geographical distribution and project the market's future trajectory, laying a strong foundation for strategic planning and investment.
What is the projected market size & growth rate of the Glass Fiber-reinforced Plastics (GFRP) Market?
Market Analysis and Size
Glass fiber-reinforced plastics (GFRP) are produced by fiberglass and are used widely in commercial and industrial applications due to their lightweight and durability. They usually have high tensile strength and flexibility as compared to metals. These materials are widely used in industries like aerospace, construction, automotive, marine, electrical, and others. They are also used to create various types of composite materials.
Data Bridge Market Research analyzes that the global glass fiber-reinforced plastics (GFRP) market, which was USD 44.68 billion in 2022, would rocket up to USD 95.67 billion by 2030, and is expected to undergo a CAGR of 6.55% during the forecast period.
Increasing demand for GFRP in the transportation industry is a vital factor escalating the market growth, also a rise in the number of wind energy capacity installations, an increase in the usage of GFRP composite pipes in sewage & water management, a rise in the use of GFRP composites in the construction & infrastructure industry are the major factors driving the growth of Glass Fiber-reinforced Plastics (GFRP) market. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
This research report is the result of an extensive primary and secondary research effort into the Glass Fiber-reinforced Plastics (GFRP) market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Glass Fiber-reinforced Plastics (GFRP) Market.
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Which are the driving factors of the Glass Fiber-reinforced Plastics (GFRP) market?
The driving factors of the Glass Fiber-reinforced Plastics (GFRP) market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Glass Fiber-reinforced Plastics (GFRP) across various industries further propel market expansion.
Glass Fiber-reinforced Plastics (GFRP) Market - Competitive and Segmentation Analysis:
Global Glass Fiber-reinforced Plastics (GFRP) Market, By Resin Type (Polyester, Vinyl Ester, Epoxy, Polyurethane, Thermoplastic, and Others), End-User (Wind Energy, Electrical & Electronics, Transportation, Pipes & Tanks, Construction & Infrastructure, Marine, Aerospace & Defense, and Other End-Use Industries), Manufacturing Process (Compression & Injection Molding Process, Layup, Filament Winding, Pultrusion, Resin Transfer Molding (RTM), and Other Manufacturing Processes), Form (Rebar, Powder, Sheet, Panel, Rolls, and Others) - Industry Trends and Forecast to 2031.
How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Which are the top companies operating in the Glass Fiber-reinforced Plastics (GFRP) market?
Some of the major players operating in the global glass fiber-reinforced plastics (GFRP) market are: