Glass Fiber Reinforced Plastics Composites Market, By End-Use Industry (Transportation, Electrical & Electronics, Wind Energy, Pipes & Tanks, Construction & Infrastructure, Marine, Aerospace & Defense, Others), Resin Type (Epoxy, Polyester, Vinyl Ester, Polyurethane, Thermoplastic, Others), Manufacturing Process (Compression & Injection Molding, RTM/VARTM, Layup, Filament Winding, Pultrusion, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Glass Fiber Reinforced Plastics Composites Market
The glass fiber reinforced plastics composites market is expected to witness market growth at a rate of 10.1% in the forecast period of 2021 to 2028. Data Bridge Market Research report on glass fiber reinforced plastics composites market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Glass fiber is a lightweight and dependable fiber provided from very fine fibers of glass. Glass fiber is the most regular reinforced component that is utilized mostly in industrial and commercial implementations such as building and construction, wind power turbines, aerospace, automotive, pipes and tanks and so forth. In building and construction sector, these composite materials are used as accessory for rebars, domes, industrial floorings, canopies, roofs, cornice and so on. In comparison to carbon fibers, glass fibers show low brittleness and the fibers of glass utilized for their manufacturing are more cost efficient. Furthermore, in comparison to metals, the glass fibers possess improved features, both strength wise and weight wise as durability, flexibility, superior resistance at inflated operating temperatures and high tensile strength. Moreover, the glass fibers can be evenly formed using various molding techniques. Glass fibers are extensively utilized as an essential raw material for providing noticeable types of compound materials. Additionally, glass fiber composites are treated as an alternative for aluminum and steel because of its lightweight property.
The high demand for glass fiber reinforced plastics composites from the transportation, electrical & electronics, wind energy and pipes & tanks industries are the factors expected to boost the glass fiber reinforced plastics composites market. Moreover, the difficulty of recycling glass fiber reinforced plastics composites and high cost are a major factor that are obstructing the glass fiber reinforced plastics composites market. Their uses in several implementations are hampering the growth of the glass fiber reinforced plastics composites market. The need for low cost, automated manufacturing process to produce complex and customized parts in automotive, aerospace and wind energy end-use industry are the boosting factors for the glass fiber reinforced plastics composites market. Additionally, the rise in the use of glass fiber reinforced plastics composites in the wind energy, transportation, pipes and tanks, construction and infrastructure and electrical and electronics industries along with the regional expansion in emerging markets are estimated to positively affect the glass fiber reinforced plastics composites market players in the near future.
This glass fiber reinforced plastics composites market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on glass fiber reinforced plastics composites market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Glass Fiber Reinforced Plastics Composites Market Scope and Market Size
The glass fiber reinforced plastics composites market is segmented on the basis of end-use industry, resin type and manufacturing process. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on end-use industry, the glass fiber reinforced plastics composites market is segmented into transportation, electrical & electronics, wind energy, pipes & tanks, construction & infrastructure, marine, aerospace & defense and others. Transportation is further segmented into rail and automotive. Pipes & tanks are further segmented into oil and gas, water & wastewater treatment plants, pulp and paper and others. Construction & infrastructure is further segmented into decking and railing, rebars and others. Aerospace & defense is further segmented into interior and exterior. Others are further segmented into healthcare, consumer goods and sporting goods.
- Based on resin type, the glass fiber reinforced plastics composites market is segmented into epoxy, polyester, vinyl ester, polyurethane, thermoplastic and others. Others include phenolic, benzoxazine, cyanate ester and bismalimide (BMI).
- Based on manufacturing process, the glass fiber reinforced plastics composites market is segmented into compression & injection molding, RTM/VARTM, layup, filament winding, pultrusion and others.
Global Glass Fiber Reinforced Plastics Composites Market Country Level Analysis
Global glass fiber reinforced plastics composites market is analysed and market size, volume information is provided by country, end-use industry, resin type and manufacturing process as referenced above.
The countries covered in the glass fiber reinforced plastics composites market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the glass fiber reinforced plastics composites market because of increasing consumption of glass fiber reinforced plastics composites in various industries such as wind energy, construction and infrastructure, electrical and electronics and transportation.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Glass Fiber Reinforced Plastics Composites Market Share Analysis
The glass fiber reinforced plastics composites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to glass fiber reinforced plastics composites market.
The major players covered in the glass fiber reinforced plastics composites market report are PPG Industries Inc., Owens Corning, Johns Manville, Yuntianhua Group Co. Ltd., Jushi Group, Saint-Gobain, ASAHI FIBER GLASS Co. Ltd., Nippon Sheet Glass Co. Ltd, AGY, CTG Group, Nitto Boseki Co. Ltd., Braj Binani Group, China Beihai Fiberglass Co. Ltd., BGF Industries Inc., SAERTEX GmbH & Co. KG, Jiangsu Jiuding New Materials Co. Ltd., Celanese Corporation, Quantum Composites, Reliance Industries Limited, PFG FIBER GLASS CORPORATION and Advanced Composites Inc. among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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