The future of the glass fiber reinforced plastic market looks good with opportunities in transportation, marine, aerospace, construction, wind energy, pipe and tank, electrical & electronics industry. The glass fiber reinforced plastic market is expected to grow at a CAGR of 3.3% from 2019 to 2024. The major drivers for growth in this market are increasing demand for lightweight materials in the transportation industry; corrosion and chemical resistance materials demand in construction and pipe & tank industry; electrical resistivity and high flame retardant materials demand in electrical and electronics industry.
Emerging trend, which has a direct impact on the dynamics of the glass fiber reinforced plastic industry, includes penetration of low dielectric glass fiber in high performance PCB .
A total of 179 figures / charts and 137 tables are provided in this 329 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of glass fiber reinforced plastic market report download the report brochure.
The study includes the glass fiber reinforced plastic market size and forecast for the glass fiber reinforced plastic market through 2024, segmented by end use industry, resin type , manufacturing process, glass fiber type , and by region as follows:
Glass Fiber Reinforced Plastic Market, by End Use Industry:
Transportation
Marine
Wind Energy
Aerospace
Pipe & tank
Construction
Electrical and Electronics
Consumer Goods
Other
Glass Fiber Reinforced Plastic Market, by Resin Type:
UPR
Vinyl ester
Epoxy
PA
PP
Phenolic
Others
Glass Fiber Reinforced Plastic Market, by Glass Fiber Type:
E/ECR Glass
S Glass
C Glass
Others
Glass Fiber Reinforced Plastic Market, by Manufacturing Process
Hand lay up
Spray up
Resin infusion
Pultrusion
Injection molding
Compression molding
Prepreg lay up
Others
Glass Fiber Reinforced Plastic Market by Region:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
Asia Pacific
Japan
China
The Rest of the World
Some of the glass fiber reinforced plastic companies profiled in this report include Owens Corning, Jushi Group Co., Ltd., Chongqing Polycarp International Corporation (CPIC) , Taishan Fiberglass
Inc.,Nippon Electric Glass Co., Ltd. and others.
Within the glass fiber reinforced plastic market, injection molding, hand layup, compression molding, spray up, filament winding, resin infusion, and prepreg layup are some of the major processes utilized to manufacture composite parts. Injection molding is expected to be the largest process in terms of value and volume in composite manufacturing because of low cycle time, low manufacturing cost, and ability to make complex shapes.
Within glass fiber reinforced plastic market, transportation will remain the largest market by value and volume and it is also expected to witness in the highest growth over the forecast period. Government regulations, such as CAFE Standards in the US and carbon emission targets in Europe, are putting pressure on OEMs to incorporate lightweight materials to curb the overall vehicle weight, and this is the key driver for glass fiber in the transportation industry.
Asia Pacific is expected to remain the largest region by value and volume and it is also expected to experience the highest growth over the forecast period because of growth in construction, transportation, and the electrical and electronics segments. rowing economy, growth in population, and urbanization are the major forces that drive the construction segment, especially in China and India.