Glass Fiber Reinforced Plastic Market 2021

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Glass Fiber Reinforced Plastic (GFRP) MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Glass Fiber Reinforced Plastic (GFRP) MARKET 2020
Glass Fiber Reinforced Plastic (GFRP) Market
2020 Industry Survey, Growth, CompetitiveLandsca
pe and Forecasts to 2023
Fiber Glass Reinforced Plastic (GFRP), is a
composite material made of a polymer matrix
reinforced with fibers. Commercial material such
as glass fibers are reinforced with matrices
based on thermosetting polymers, such as epoxy or
polyester resins. GFRPs are commonly used in the
automotive, marine, and building construction
industries. Some of the prominent factors that
positively influence the growth of GFRP Market
are increasing demand for glass fiber based
chemical storage vessels, rising demand for light
weight glass fiber materials for construction of
ships and yachts, and proliferation of fiber
Glass Reinforced Plastic based construction
materials. Increasing urbanization along with
rising per capita disposable income in developed
and emerging economies are predicted to drive the
growth of the market over the forecast period,
2017 to 2023. High adoption rate along with the
increasing number of wind energy plants to meet
the energy for the ever-growing population.
Moreover, continuous expansion of automotive
sector as well as shifting manufacturers focus
towards lightweight materials and cost effective
vehicles are estimated to fuel the growth of the
GFRP Market during the review period, 2017 to
2023. Although, owing to the environmental
effects of high temperatures and water content,
the mechanical properties of the GFRP are
altered, which is anticipated to decline the
market growth over the forecast period.
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Glass Fiber Reinforced Plastic (GFRP) MARKET 2020
Market Segmentation The Global GFRP Market
is categorized on the basis of reinforcing
material type, end user industry, and region. On
the basis of reinforcing material type, the
market is bifurcated into polyester, epoxide,
polyamide, and others. On the basis of end user
industry, the GFRP Market is categorized into
building construction, marine, transportation,
chemical plants, renewable energy, and others. On
the basis of region, the market is categorized
into Asia Pacific, Europe, Latin America, North
America, and the Middle East Africa. Enquiry
of the Report https//www.marketresearchfuture.co
m/enquiry/5004

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Glass Fiber Reinforced Plastic (GFRP) MARKET 2020
Regional Analysis
Europe is estimated to be the largest GFRP Market
followed by North America and Europe due to
strong existence of maritime industry. In Europe,
Germany, Russia, Norway and Spain are predicted
to register a strong growth on account of
tremendous demand for GFRP in yacht manufacturing
facilities. In Asia Pacific, countries such as
China, India, and South Korea are the fastest
growing market for GFRP, and is estimated to grow
with the same pace over the forecast period.
Improving living standards along with the
flourishing growth of construction industry is
predicted to contribute to the regional market
growth. In North America, U.S and Mexico are
among the major contributors in the regional
market growth due to the presence of many
chemical industries is expected to increase the
market for GFRP based chemical storage vessels.
In Latin America, Mexico is expected to register
strong growth due to robust presence of
automobile manufacturers.
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om/reports/glass-fiber-reinforced-plastic-gfrp-mar
ket-5004
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Glass Fiber Reinforced Plastic (GFRP) MARKET 2020
Application Major Players in this Research
Glass Fiber Reinforced Plastic (GFRP) Market
Prominent Players Some of the prominent players
operating in the Global GFRP Market are Owens
Corning (U.S.), Jushi Group Co., Ltd. (China),
Chongqing Polycomp International Corporation
(China), PPG Industries, Inc. (U.S.), Johns
Manville Corporation (U.S.), Saint-Gobain
Corporation (U.S.), Nippon Sheet Glass Co., Ltd.
(Japan), Taishan Fiberglass Inc. (China), AGY
Holding Corp. (U.S.), Asahi Fiber Glass Co., Ltd.
(Japan), Binani Industries Limited (India),
Celanese Corporation (U.S.), SAERTEX GmbH Co.
KG (Germany), NITTOBO ASIA Glass Fiber Co. Ltd.
(Taiwan), and BGF Industries, Inc. (U.S.) among
others.
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