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.
Data Bridge Market Research (DBMR), in an upcoming market research study, brings to fore both macro- and microeconomic factors that will shape the growth curve of the global Glass Fiber Reinforced Plastics Composites Market. The report offers detailed insights on the Glass Fiber Reinforced Plastics Composites Market through an extensive analysis of key growth drivers, latest trends, potential challenges, and revenue growth prospects based on historical data.
Crucial information and forecast statistics, in terms of value and volume, covered in the Glass Fiber Reinforced Plastics Composites Market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
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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.
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.
Competitive Landscape and Glass Fiber Reinforced Plastics Composites Market Share Analysis
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 others
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The market analysis provides answers to some important questions related to the Glass Fiber Reinforced Plastics Composites market:
What is the most common observable trend within the Glass Fiber Reinforced Plastics Composites market?
Which region is set to register the maximum growth in terms of value and market share?
Which market players in the Glass Fiber Reinforced Plastics Composites Market are at the forefront in terms of product/technology innovation?
Is the current Glass Fiber Reinforced Plastics Composites Market landscape favorable for new market entrants?
Which end-use industry is expected to generate the maximum demand for Glass Fiber Reinforced Plastics Composites Market during the forecast period?
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