(2020 - 2023) Global Glass Fiber Reinforced Polymer Market, CAGR Status, Market Growth, Trends, Analysis and Forecast

Glass Fiber Reinforced Polymer Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Glass Fiber Reinforced Polymer market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Glass Fiber Reinforced Polymer Market report is anticipated to register a CAGR of XX% over a five years forecast period (2020 – 2023).”

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List of Major Key players operating in the Global Glass Fiber Reinforced Polymer Market are –

  • Jushi Group Corporation
  • Chongqing Polycomp International Corporation
  • Owens Corning
  • PPG Industries Inc.
  • Johns Manville Corporation
  • Saint-Gobain S.A.
  • Nippon Sheet Glass Co. Ltd.
  • Binani Industries Ltd.
  • BFG Industries
  • China Beihai Fiberglass Co.
  • Ltd.
  • Nitto Boseki Co.
  • Ltd.
  • Jiangsu Jiuding New Material Co.
  • Ltd.

The global glass fiber reinforced polymer market is expected to register a moderate growth during the forecast period, 2020 to 2023. Asia-pacific has been dominating the market for global glass fiber reinforced polymer, followed by North America and Europe in 2017.

Growing Construction Demand in the Middle East and Africa Region

The construction sector in the Middle East and North Africa (MENA) region is one of the fastest growing globally. The UAE and Qatar are expected to remain bright spots for the construction industry throughout 2020 as they are pressing ahead with projects before of the Expo 2020 and FIFA World Cup 2022, respectively. The UAE’s building and infrastructure contract value has increased from USD 36,453 million in 2016 to USD 36,984 million in 2017. Glass fiber reinforced polymer (GFRP) is widely used in construction industry for non-structural elements, such as facade, panels, piping, and channels. With the growth of the construction sector in the region, the demand for glass fiber reinforced polymer is expected to grow during the forecast period.

Increasing Demand for Polyester Resin

Polyester resins have the highest market share for GFRP market in 2017, owing to their use in the construction, pipes & tanks and electronics applications. Properties, such as chemical and mechanical resistance, UV resistance, high filling capacity, good removal, and shrinkage resistance are boosting the demand for polyester globally. In automotive industry, GFRP is primarily used to reduce weight. The growth of the automotive industry in countries, such as China, United States, Japan, Germany are boosting the demand for polyester resin over the forecast period.

Asia-Pacific to Dominate the Market

Asia-pacific has been dominating the market for global glass fiber reinforced polymer in 2017. The growth of GFRP in the region is mainly driven by the countries, such as China, Japan, India, and South Korea. The growing automotive industry in these countries is driving the demand for GFRP. The total production of vehicles of China increased from 28,118,794 units in 2016 to 29,015,434 units in 2017. Hence, the increased emphasis on automotive sector along with the growth of other end-users across the region is expected to augment the growth of the global glass fiber reinforced polymer market during the forecast period.

Major Players: Jushi Group Corporation, Owens Corning, Chongqing Polycomp International Corporation, PPG Industries Inc., Johns Manville Corporation, amongst others.

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Scope of the Report:

The report analyses Glass Fiber Reinforced Polymer market, which includes –

  • Analysis of the growth of Glass Fiber Reinforced Polymer market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Glass Fiber Reinforced Polymer market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Glass Fiber Reinforced Polymer market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Glass Fiber Reinforced Polymer market are discussed.
  • The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Glass Fiber Reinforced Polymer Market Report:

  • Varying dynamics of the Glass Fiber Reinforced Polymer industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
  • Glass Fiber Reinforced Polymer market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Glass Fiber Reinforced Polymer market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Glass Fiber Reinforced Polymer Market Report:

  • The report analyses how stringent emission control norms will drive the global Glass Fiber Reinforced Polymer market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Glass Fiber Reinforced Polymer market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Glass Fiber Reinforced Polymer:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023

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