Glass-reinforced plastic (GRP) is a composite material consisting of plastic reinforced with fine glass fibers. These fibers may be arranged randomly, flattened as a sheet, or woven to make a fabric-like material. This resin may include epoxy, vinyl ester, polyester, polyurethane, or polypropylene. The glass fibers in GRP have mechanical properties roughly comparable to other types of fibers, such as carbon fiber. However, glass fibers are cheaper, more flexible, and lighter than their carbon counterpart, making it an ideal reinforcing agent for many polymer products.
MARKET DYNAMICS
Rapid industrialization coupled with innovation in the chemicals industry are driving the demand for glass reinforced plastic market. Rising demand for low weight, and high quality surface finishes makes it an ideal material for automotive industry. However, the mechanical properties of glass-fiber epoxy resin are generally negatively impacted by moisture and high temperature, which is expected to hamper the growth of the market.
MARKET SCOPE
The "Global Glass Reinforced Plastic Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the glass reinforced plastic market with detailed market segmentation by resin type, and end user industry. The global glass reinforced plastic market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading glass reinforced plastic market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
Resin Type
- Epoxy
- Vinyl Ester
- Polyurethane
- Others
End User Industry
- Electrical and Electronics
- Construction
- Automotive
- Marine
- Aerospace and Defense
- Others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global glass reinforced plastic market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The glass reinforced plastic market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the glass reinforced plastic market from both the demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the glass reinforced plastic market in these regions.
MARKET PLAYERS
The report covers vital developments in the glass reinforced plastic market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market payers from the glass reinforced plastic market are anticipated to lucrative growth opportunities in the future with the rising demand for glass reinforced plastic in the global market. Below mentioned is the list of few companies engaged in the glass reinforced plastic market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the glass reinforced plastic market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Taiwan Glass Ind Corp
- Amiblu Holding GmbH
- Delkom Group
- Nitto Boseki Co.Ltd
- Advanced Glassfiber Yarns(AGY)Llc
- Evergrip Limited
- Binani 3b- The Fiberglass Company
- Ppg Industries Inc
- Gradeall International Limited
- TUF-BAR
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