Lucintel Forecasts the Global Glass Fiber Reinforced Plastic (GFRP) Market to Reach $78.0 billion by 2030
Lucintel Forecasts the Global Glass Fiber Reinforced Plastic (GFRP) Market to Reach $78.0 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global Glass Fiber Reinforced
Plastic (GFRP) Market looks promising with opportunities in various end uses, including
transportation, marine, wind energy, pipe and tank, construction, electrical and
electronics, consumer goods, and aerospace. The global GFRP market is expected to
reach an estimated $78.0 billion by 2030 from $58.9 billion in 2023, at a CAGR of 4.0%
from 2024 to 2030. The major drivers for this market are due to the growth in the
construction, wind energy, electrical and electronics, consumer goods, and others
market.
Browse 164 figures / charts and 137 tables in this 339 -page report to understand
trends, opportunity and forecast in GFRP market to 2030 by end use (transportation,
marine, wind energy, pipe and tank, construction, etc), resin type (UPR resin, vinyl ester
resin, epoxy resin, etc), product type (E/ECR-glass, S-glass, C-glass, and others (NE
glass, R-glass, and T-Glass)), manufacturing process (hand lay-up, spray-up, resin
infusion, filament winding, pultrusion, etc), and by regions.
Lucintel forecasts that construction will remain the largest end use by value and value
due to the increasing use of glass fiber reincforeced plastic in construction for its
corrosion resistance, lightweight, and insulative properties. Aerospace is expected to
witness highest growth over the forecast period.
UPR resin will remain the largest segment by value and volume over the forecast period
because it offers good mechanical and service properties, and have excellent thermal
stability and weather resistance. Other resins is expected to witness highest growth
over the forecast period.
Download sample by clicking on Glass Fiber Reinforced Plastic (GFRP) Market
APAC is expected to remain the largest region by value and volume over the forecast
period due to growth in construction, transportation, and the electrical and electronics
segments. Growing economy, growth in population, and urbanization are the major
forces that drive the construction segment, especially in China and India. North America
is expected to witness highest growth over the forecast period.
Owens Corning, Jushi Group Co., Ltd., Chongqing Polycomp International Corporation
(CPIC), Taishan Fiberglass Inc., Nippon Electric Glass Co., Ltd., B-The Fibreglass
Company (Goa Glass fiber), Johns Manville Corporation, Nitto Boseki Co., Ltd, BASF
SE, Ineos Composites, Huntsman, Hexion, Polynt, Toray Industries, Solvay Group,
Celanese, SABIC, DuPont, AOC are the major suppliers in the GFRP market.
This unique research report will enable you to make confident business decisions in this
globally competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than
1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust
market & unmet needs analysis. We are based in Dallas, TX and have been a trusted
advisor for 1,000+ clients for over 20 years. We are quoted in several publications like
the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
Explore Our Latest Publications
Piezoceramic Composite Market
Anti-Fatigue Mat Market
Cured-In-Place Pipe Consumption Market
Modular Mining System Market
Naval Combat Weapon Market
Offshore Patrol Vessel Market