Surge in Demand for Lightweight and High-Performance Materials Propels the Glass Fiber Reinforced Plastic Composites Market Growth
Glass Fiber Reinforced Plastic Composites Market is expected to grow at a CAGR of 7.33% during the forecast period and is expected to reach US$ 102.53 Bn. by 2029.
Glass Fiber Reinforced Plastic Composites Market Overview:
This study’s purpose is to give an overview of the Glass Fiber Reinforced Plastic Composites market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major Glass Fiber Reinforced Plastic Composites companies, as well as notable industry trends and prospects.
The report also focuses on the leading industry players in the Glass Fiber Reinforced Plastic Composites market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into Glass Fiber Reinforced Plastic Composites Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole Glass Fiber Reinforced Plastic Composites Market Size from a worldwide standpoint, evaluating historical data and forecasts.
Market Scope:
The report also focuses on the leading industry players in the Glass Fiber Reinforced Plastic Composites market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
Segmentation:
Automobile end-use industry is expected to hold one of the largest shares of the market for glass fiber reinforced plastic composites market. Increasing trend of reducing vehicle weight in order to reduce fuel consumption, performance and efficiency is augmenting the growth of this segment. Aerospace & defense segment followed the automotive segment.
Polyester segment based on resin type is expected to grow at a high CAGR during the forecast period. This is due to their corrosion resistance and superior performance properties, they widely used as a matrix for glass fiber reinforced plastic composites in various applications such as automotive, aircraft, electronics components, railways and others. Polyester is followed by epoxy and polyurethane.
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Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Glass Fiber Reinforced Plastic Composites market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Glass Fiber Reinforced Plastic Composites industry.
• Huntsman Corporation (US)
• Scott Bader (UK)
• Gurit Holding (Switzerland)
• Owens Corning (US)
• CPIC (China)
• Jushi Group (China)
• PPG Industries (US)
• Taishan Fiberglass (China)
Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Glass Fiber Reinforced Plastic Composites market in these regions.
COVID-19 Impact Analysis on Glass Fiber Reinforced Plastic Composites Market:
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Glass Fiber Reinforced Plastic Composites market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Glass Fiber Reinforced Plastic Composites Market Report are:
What will be the CAGR of the Glass Fiber Reinforced Plastic Composites market during the forecast period?
Which segment emerged as the leading segment in the Glass Fiber Reinforced Plastic Composites market?
Which are the prominent players in the Glass Fiber Reinforced Plastic Composites market?
What will be the Glass Fiber Reinforced Plastic Composites market size by 2027?
Which company held the largest share in the Glass Fiber Reinforced Plastic Composites market?
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About Us:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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