Glass Fiber Reinforced Plastic (GFRP) Market_PPT
                     Glass Fiber Reinforced Plastic (GFRP) 
MARKET 2020
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Glass Fiber Reinforced Plastic (GFRP) MARKET 2020
Glass Fiber Reinforced Plastic (GFRP) Market 2020: Industry Survey, Growth, 
Competitive
Landscape and Forecasts to 2023
Fiber Glass Reinforced Plastic (GFRP), is a composite material made of a polymer matrix reinforced with fibers. Commercial 
material such as glass fibers are reinforced with matrices based on thermosetting polymers, such as epoxy or polyester resins. 
GFRPs are commonly used in the automotive, marine, and building & construction industries.
Some of the prominent factors that positively influence the growth of GFRP Market are increasing demand for glass fiber based 
chemical storage vessels, rising demand for light weight glass fiber materials for construction of ships and yachts, and proliferation 
of fiber Glass Reinforced Plastic based construction materials. Increasing urbanization along with rising per capita disposable 
income in developed and emerging economies are predicted to drive the growth of the market over the forecast period, 2017 to 
2023. High adoption rate along with the increasing number of wind energy plants to meet the energy for the ever-growing 
population. Moreover, continuous expansion of automotive sector as well as shifting manufacturers focus towards lightweight 
materials and cost effective vehicles are estimated to fuel the growth of the GFRP Market during the review period, 2017 to 2023. 
Although, owing to the environmental effects of high temperatures and water content, the mechanical properties of the GFRP are 
altered, which is anticipated to decline the market growth over the forecast period.
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Glass Fiber Reinforced Plastic (GFRP) MARKET 2020
Market Segmentation:
 The Global GFRP Market is categorized on the basis of reinforcing material type, end user industry, and region. On the basis of 
reinforcing material type, the market is bifurcated into polyester, epoxide, polyamide, and others. On the basis of end user industry, 
the GFRP Market is categorized into building & construction, marine, transportation, chemical plants, renewable energy, and 
others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle 
East & Africa.
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Glass Fiber Reinforced Plastic (GFRP) MARKET 2020
Regional Analysis
Europe is estimated to be the largest GFRP Market followed by North America and Europe due to strong existence of maritime 
industry. In Europe, Germany, Russia, Norway and Spain are predicted to register a strong growth on account of tremendous 
demand for GFRP in yacht manufacturing facilities. In Asia Pacific, countries such as China, India, and South Korea are the fastest 
growing market for GFRP, and is estimated to grow with the same pace over the forecast period. Improving living standards along 
with the flourishing growth of construction industry is predicted to contribute to the regional market growth. In North America, 
U.S and Mexico are among the major contributors in the regional market growth due to the presence of many chemical industries 
is expected to increase the market for GFRP based chemical storage vessels. In Latin America, Mexico is expected to register strong 
growth due to robust presence of automobile manufacturers.
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rced-plastic-gfrp-market-5004
         
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Glass Fiber Reinforced Plastic (GFRP) MARKET 2020
Application & Major Players in this Research:
Glass Fiber Reinforced Plastic (GFRP) Market Prominent Players:
Some of the prominent players operating in the Global GFRP Market are Owens Corning (U.S.), Jushi Group Co., Ltd. (China), 
Chongqing Polycomp International Corporation (China), PPG Industries, Inc. (U.S.), Johns Manville Corporation (U.S.), Saint-Gobain 
Corporation (U.S.), Nippon Sheet Glass Co., Ltd. (Japan), Taishan Fiberglass Inc. (China), AGY Holding Corp. (U.S.), Asahi Fiber Glass 
Co., Ltd. (Japan), Binani Industries Limited (India), Celanese Corporation (U.S.), SAERTEX GmbH & Co. KG (Germany),  NITTOBO 
ASIA Glass Fiber Co. Ltd. (Taiwan), and BGF Industries, Inc. (U.S.)  among others.
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