Glass Fiber Reinforced Plastics Composite Market Growth Rate, Demands, Status And Application Forecast To 2025

(MENAFN- America News Hour) Glass fiber is a lightweight and durable fiber produced from very fine fibers of glass. As compared to carbon fibers, glass fibers exhibit low brittleness and the fibers of glass used for their production are more cost effective. Moreover, as compared to metals, the glass fibers are possess better properties, both strength wise and weight wise. Furthermore, the glass fibers can be smoothly formed using different molding techniques. Glass fibers are widely used as an important raw material for producing distinct types of composite materials.

Manufacturing of glass fiber reinforced plastic (GFRP) composites, the largest class of composite materials, is the most important application of glass fibers and almost 90% of the reinforcements used in the composites industry are glass fibers. GFRP composites are extensively used in a diverse range of industries including wind energy, construction, automotive, aerospace, piping and anti-corrosive industrial equipments.

The growing demand for GFRP composites from transportation and construction industries is anticipated to drive the global glass fiber and glass fiber reinforced plastic (GFRP) composites market in the next six years. The lightweight materials in the automobile application are likely to fuel its market growth.
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Segment by Regions:

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Segment by Key players:

Owens Corning
Jushi Group
Taishan Fiberglass Inc
Saint Gobain
Nippon Sheet Glass
Polycomp International Corporation
PPG Industries
Binani 3B-Fibre glass Company
Nitto Boseki Co. Ltd
Chomarat Group.
Segment by Type:

Polyesters

Vinyl esters

Polyurethane

Segment by Application:

Wind Energy

Automobile

Marine

Pipe & tanks

Aerospace

Construction

Electricals & Electronics

Others

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Table of Content:

1.    Executive Summary

2.    Assumptions and Acronyms Used

3.    Research Methodology

4.    Glass Fiber Reinforced Plastics Composite Market Overview
   4.1.    Introduction
      4.1.1.    Market Taxonomy
      4.1.2.    Market Definition
   4.2.    Macro-Economic Factors
      4.2.1.    Industry Outlook
   4.3.    Glass Fiber Reinforced Plastics Composite Market Dynamics
      4.3.1.    Market Drivers
      4.3.2.    Market Restraints
      4.3.3.    Opportunity
      4.3.4.    Market Trends
   4.4.    Glass Fiber Reinforced Plastics Composite Market - Supply Chain
   4.5.    Global Glass Fiber Reinforced Plastics Composite Market Forecast
      4.5.1.    Glass Fiber Reinforced Plastics Composite Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2.    Glass Fiber Reinforced Plastics Composite Market Size (000' Units) and Y-o-Y Growth
      4.5.3.    Glass Fiber Reinforced Plastics Composite Market Absolute $ Opportunity

5.    Global Glass Fiber Reinforced Plastics Composite Market Analysis and Forecast by Type
   5.1.    Market Trends
   5.2.    Introduction
      5.2.1.    Basis Point Share (BPS) Analysis by Type
      5.2.2.    Y-o-Y Growth Projections by Type
   5.3.    Glass Fiber Reinforced Plastics Composite Market Size and Volume Forecast by Type
      5.3.1.    Food Grade
      5.3.2.    Pharmaceutical Grade
   5.4.    Absolute $ Opportunity Assessment by Type
   5.5.    Market Attractiveness/Growth Potential Analysis by Type

Continued……

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