The GF and GFRP composites market share is expected to increase by USD 5.36 billion from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.54%. This GF and GFRP composites market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The GF and GFRP composites market report also offers information on several market vendors, including Asahi Kasei Corp., BASF SE, Braj Binani Group, China Beihai Fiberglass Co. Ltd., China Jushi Co. Ltd., Chongqing Polycomp International Corp., Compagnie de Saint-Gobain SA, Nippon Electric Glass Co. Ltd., Owens Corning, and Sinoma Science & Technology Co. Ltd. among others. Furthermore, this report extensively covers market segmentation by manufacturing process (compression molding process, pultrusion process, open molding process, resin transfer molding process, and others) and geography (North America, Europe, APAC, South America, and MEA).
What will the GF and GFRP Composites Market Size be in 2021?
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GF and GFRP Composites Market: Key Drivers and Trends
The increased demand for lightweight fiberglass composites in the transportation segment is notably driving the GF and GFRP composites market growth, although factors such as health hazards associated with GF and GFRP composites may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the GF and GFRP composites industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
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This GF and GFRP composites market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major GF and GFRP Composites Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Asahi Kasei Corp.
- BASF SE
- Braj Binani Group
- China Beihai Fiberglass Co. Ltd.
- China Jushi Co. Ltd.
- Chongqing Polycomp International Corp.
- Compagnie de Saint-Gobain SA
- Nippon Electric Glass Co. Ltd.
- Owens Corning
- Sinoma Science & Technology Co. Ltd.
This statistical study of the GF and GFRP composites market encompasses successful business strategies deployed by the key vendors. The GF and GFRP composites market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The GF and GFRP composites market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for GF and GFRP Composites Market?
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31% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for GF and GFRP composites in North America. Market growth in this region will be slower than the growth of the market in the European, APAC, and South American regions.
The increase in the demand for consumer goods and the rising adoption of GF and GFRP composites in the construction industry will facilitate the GF and GFRP composites market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Manufacturing process Segments in the GF and GFRP Composites Market?
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The GF and GFRP composites market share growth by the compression molding process segment will be significant during the forecast period. The transportation industry is its largest end-user. The current trend of using GF and GFRP thermoplastics in the rapidly growing automotive industry is expected to foster the growth of sheet molded composites globally. Sheet molding and bulk molding are the two important processes for GF and GFRP in the automotive segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the GF and GFRP composites market size and actionable market insights on post COVID-19 impact on each segment.
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GF and GFRP Composites Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.54% |
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Market growth 2021-2025 |
$ 5.36 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.40 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 31% |
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Key consumer countries |
US, China, Germany, Canada, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Companies profiled |
Asahi Kasei Corp., BASF SE, Braj Binani Group, China Beihai Fiberglass Co. Ltd., China Jushi Co. Ltd., Chongqing Polycomp International Corp., Compagnie de Saint-Gobain SA, Nippon Electric Glass Co. Ltd., Owens Corning, and Sinoma Science & Technology Co. Ltd. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Factors Covered in this GF and GFRP Composites Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive GF and GFRP composites market growth during the next five years
- Precise estimation of the GF and GFRP composites market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the GF and GFRP composites industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of GF and GFRP composites market vendors
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