Glass Fiber Reinforced Plastic Market Is Anticipated To Grow At A Cagr Of 2.9% During 2020-2025

By Author: Lucintel LLC
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The global glass fiber reinforced plastic market is projected to reach $37.3 billion by 2025, at a CAGR of 2.9% during 2020-2025. The growth of glass fiber reinforced plastic market is driven by 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.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth areas in the glass fiber market by application (transportation, marine, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and others), glass fiber type (E/ECR-Glass, S-Glass, C-Glass and others), resin type(UPR, vinyl ester, epoxy, PA, PP, phenolic and other resins), manufacturing process (hand layup, spray up, resin infusion, pultrusion, injection molding, compression molding, prepreg layups, and others), region (North America, Europe, Asia Pacific, and the Rest of the World) and by ...
... country (the USA, Canada, Mexico, Germany, UK, France, Italy, Spain, China, India, Japan, Taiwan, and Brazil)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the glass fiber reinforced plastic market?
Q.4 What are some changing demands of customers in the glass fiber reinforced plastic market?
Q.5 What are the new developments in the glass fiber reinforced plastic market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this glass fiber reinforced plastic area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this glass fiber reinforced plastic market?
Emerging trends, which have a direct impact on the dynamics of the industry, include penetration of low dielectric glass fiber in high performance PCB.

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Market Segmentation:
Based on end use industry, the glass fiber reinforced plastic market is segmented into transportation, marine, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy. The transportation segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to the 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 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. Growing economy, growth in population, and urbanization are the major forces that drive the construction segment, especially in China and India.
Key Players in the glass fiber reinforced plastic market are Owens Corning, Jushi Group Co., Ltd., Chongqing Polycarp International Corporation (CPIC), Taishan Fiberglass Inc., Nippon Electric Glass Co., Ltd.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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