Glass fiber is a durable and lightweight artificial fiber manufactured using very fine fibers of glass. In comparison to carbon fibers, glass fibers possess low brittleness and their production is relatively more cost effective. Moreover, in comparison to metals, glass fibers possess better strength and weight. In addition, the glass fibers can be easily formed by using various molding processes. These are largely used as one of the most important raw material for the production of different and unique composite materials. GFRP composites are widely used in a vast range of end use industries such as construction, wind energy, aerospace, automotive, anti-corrosive industrial equipment and piping. The rising demand for GFRP composites especially from construction and transportation industries is one of the key aspects anticipated to fuel the global glass fiber reinforced plastic market in the foreseeable years.
Despite glass fibers, thermoset resin is another important raw material used in the production of GFRP composite materials. Currently, the use of thermoplastic resins is increasing as a raw material as an alternative for thermoset resin used in the manufacture of GFRP composites. The use of thermoplastic resins reduces the total turnaround cost and time required in production of GFRP composites. Furthermore, thermoplastic resins offer relatively higher strength and impact as well as a better surface finish to ultimate composite materials. In addition, thermoplastic resins can be feasibly molded and recycled with ease. The application of such raw materials enhances the final quality of GFRP composites and thus is a key factor driving the demand for GFRP composites in a wide range of industrial applications across the globe.
Use of fiberglass in varied products ranges from basic sectors namely pipes, electrical, tanks etc. to specialized sectors such as wind energy, automotive, aerospace, defense, marine, transportation, consumer goods, construction and electronics which is being the largest market for GFRP. Variety in weather resistance, texture, light weight attributes and high strength of fiberglass are some key factors which have contributed to its rising demand over the past few decades. Moreover, shift in focus of organizations towards exploring new avenues for the use of fiberglass is another key factor accelerating the growth of the global GFRP market.
The global GFRP market can be segmented on the basis of type, application, process and region. On the basis of type, the global GFRP market can be segmented into polyester, vinyl ester, epoxy, polyurethane and others (PEEK and phenolic). On the basis of application, the global GFRP market can be segmented into transportation, aerospace & defense, wind & energy, electricals & electronics, construction & infrastructure, marine, pipe, tank, others (agriculture, healthcare and consumer goods). On the basis of process, the global GFRP market can be segmented into injection molding, compression molding, manual process and continuous molding. On the basis of region, the global GFRP market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.
Global Glass Fiber Reinforced Plastics (GFRP) Market
2014 – 2024
2014 – 2015
2017 – 2024
Type, Application, Process, Geography
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,
Player Profiling, Value Chain Analysis
Key players in the global GFRP market are focusing on market strategies such as mergers and acquisitions to maintain their goodwill in the ever competitive market. Some of the players operating in the GFRP market include Johns Manville, BGF Industries, Asahi Glass Company Limited, Advanced Glassfiber Yarns LLC, Jushi Group Co. Ltd., Owens Corning, Taishan Fiberglass Inc., Chomarat Group, PPG Industries Inc., Chongqing Polycomp International Corp., Saertex Group, Binani 3B-The Fibreglass Company, Nippon Sheet Glass Co. Ltd., Nitto Boseki Co. Ltd. and Saint-Gobain Vetrotex among others.
Market By Type
· Vinyl ester
· Others (PEEK and phenolic)
Market By Application
· Aerospace & defense
· Wind & energy
· Electricals & electronics
· Construction & infrastructure
· Others (Agriculture, Healthcare and Consumer Goods)
Market By Process
· Injection molding
· Compression molding
· Manual process
· Continuous molding
Market By Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
Introduction Resistance wire is a type of wire which is used for making electrical resistors. There are several types of resistance wire such as nichrome, a non-magnetic 80/20 alloy of nickel and chromium. These are the most common wires used for the heating pu...
Introduction Chlorotoluene is a group of three isomeric chemical compounds which includes ortho-chlorotoluene, para-chlorotoluene, and meta-chlorotoluene. These consist of a disubstituted benzene ring with one methyl group and chlorine atom. Chlorotoluene has f...
Introduction Ammonium acetate is a white crystalline solid which is synthesis by using two methods, either by neutralizing the acetic acid with ammonium carbonate or by the saturation of glacial acid with dry ammonia gas. As ammonium acetate is volatile at low ...
Introduction Methyl methacrylate is an organic compound with the chemical formula CH2=C(CH3) COOCH3. These organic compounds are colorless liquids, used in the manufacturing of resins and plastics. They are irritating to the ski...
Introduction Pretreatment coatings find widespread applications in zinc-aluminum alloys, aluminum, and metals. It forms a vital precursor phase for powder coatings and proposal excellent advent along with enhanced shelf life to metal surface. The major opportun...
Introduction Plastic industry is fastest developing industrialized sector and demand of plastics has grown exponentially as a effect of improved penetration of market in industries such as aerospace, agriculture, packaging, consumer goods, healthcare, automotiv...