Glass Fiber Reinforced Plastic (GFRP) Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71937
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The glass fiber reinforced plastic (GFRP) market share is expected to increase by USD 7.68 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.35%.

This glass fiber reinforced plastic market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers glass fiber reinforced plastic market segmentation by application (construction, transportation, electrical and electronics, sports and leisure goods, and others) and geography (APAC, Europe, North America, South America, and MEA). The glass fiber reinforced plastic market report also offers information on several market vendors, including AGY Holding Corp., China Jushi Co. Ltd., Compagnie de Saint-Gobain SA, Nippon Electric Glass Co. Ltd., Owens Corning, PPG Industries Inc., Sinoma Science & Technology Co. Ltd., Taiwan Glass Ind. Corp., Yoshino Gypsum Co. Ltd., and Yunnan Phosphate Haikou Co. Ltd. among others.

What will the Glass Fiber Reinforced Plastic Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Glass Fiber Reinforced Plastic Market Size for the Forecast Period and Other Important Statistics

 

Glass Fiber Reinforced Plastic Market: Key Drivers and Challenges

The increased use of GFRP in the construction industry is notably driving the GFRP market growth, although factors such as the availability of substitutes may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the glass fiber reinforced plastic industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Glass Fiber Reinforced Plastic Market Driver

The large-scale urbanization around the globe has driven the demand for urban residential developments. Manufacturers in the construction industry in developed countries, such as the US, the UK, Spain, and Germany, are working to enhance the quality of the existing residential units, while in developing economies, such as Asian and African nations, manufacturers are focusing on the development of new affordable housing units. The rise in investments in residential real estate leads to an increase in the demand for GFRP. Also, with increasing disposable income and rising awareness about the benefits of GFRP pipes in the construction industry the GFRP market is estimated to grow during the forecast period. 

Key Glass Fiber Reinforced Plastic Market Challenge

The availability of substitutes such as carbon fiber, basalt fiber, and natural fiber poses challenges to the global GFRP market. These substitutes are used in end-user applications such as buildings and construction, automotive, wind turbines, consumer goods, and industries. The rising demand for carbon, basalt, and natural fibers poses challenges to the global GFRP market. However, with the high cost of carbon fiber as compared to glass fiber, the cost-sensitive consumers would select GFRP over CFRP which slightly decreases the threat of substitutes to the market in focus.

This glass fiber reinforced plastic 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 2022-2026.

Who are the Major Glass Fiber Reinforced Plastic Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AGY Holding Corp.
  • China Jushi Co. Ltd.
  • Compagnie de Saint-Gobain SA
  • Nippon Electric Glass Co. Ltd.
  • Owens Corning
  • PPG Industries Inc.
  • Sinoma Science & Technology Co. Ltd.
  • Taiwan Glass Ind. Corp.
  • Yoshino Gypsum Co. Ltd.
  • Yunnan Phosphate Haikou Co. Ltd.

 

This statistical study of the glass fiber reinforced plastic market encompasses successful business strategies deployed by the key vendors. The GFRP market is fragmented and the vendors are deploying various 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 glass fiber reinforced plastic 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 Glass Fiber Reinforced Plastic Market?

For more insights on the market share of various regions Request for a FREE sample now!

43% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for glass fiber reinforced plastic in APAC. Market growth in this region will be faster than the growth of the market in MEA, North America, and South America.

The increasing demand for GFRP in construction, transportation, and electronics and electrical industries will facilitate the glass fiber reinforced plastic market growth in APAC 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 Application Segments in the Glass Fiber Reinforced Plastic Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The glass fiber reinforced plastic market share growth by the construction segment will be significant during the forecast period. GFRP is widely used in construction and associated applications such as mesh fabrics, drywall tapes, wall covering, and roof panels. GFRP has various advantages, which makes it suitable for construction. GFRP is waterproof and is suitable for exterior covering, as it protects the building structure from water and improves building strength. In addition, GFRP provides an aesthetic look to the building and improves wall strength.

This report provides an accurate prediction of the contribution of all the segments to the growth of the GFRP market size and actionable market insights on post COVID-19 impact on each segment.

 

Glass Fiber Reinforced Plastic Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.35%

Market growth 2022-2026

$ 7.68 billion

Market structure

Fragmented

YoY growth (%)

3.29

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 43%

Key consumer countries

US, China, Japan, Canada, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AGY Holding Corp., China Jushi Co. Ltd., Compagnie de Saint-Gobain SA, Nippon Electric Glass Co. Ltd., Owens Corning, PPG Industries Inc., Sinoma Science & Technology Co. Ltd., Taiwan Glass Ind. Corp., Yoshino Gypsum Co. Ltd., and Yunnan Phosphate Haikou Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

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.

Request for a FREE sample

What are the Key Data Covered in this Glass Fiber Reinforced Plastic Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive glass fiber reinforced plastic market growth during the next five years
  • Precise estimation of the glass fiber reinforced plastic market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the GFRP industry across APAC, Europe, North America, 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 GFRP market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Construction - Market size and forecast 2021-2026
    • Transportation - Market size and forecast 2021-2026
    • Electrical and electronics - Market size and forecast 2021-2026
    • Sports and leasure goods - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AGY Holding Corp.
      • China Jushi Co. Ltd.
      • Compagnie de Saint-Gobain SA
      • Nippon Electric Glass Co. Ltd.
      • Owens Corning
      • PPG Industries Inc.
      • Sinoma Science & Technology Co. Ltd.
      • Taiwan Glass Ind. Corp.
      • Yoshino Gypsum Co. Ltd.
      • Yunnan Phosphate Haikou Co. Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The glass fiber reinforced plastic (gfrp) market growth will increase by $7681.02 million during 2021-2026.
      The glass fiber reinforced plastic (gfrp) market is expected to grow at a CAGR of 4.35% during 2021-2026.
      Technavio has segmented the glass fiber reinforced plastic (gfrp) market by application (Construction, Transportation, Electrical and electronics, Sports and leasure goods, and Others) and geographic (APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA).
      AGY Holding Corp., China Jushi Co. Ltd., Compagnie de Saint-Gobain SA, Nippon Electric Glass Co. Ltd., Owens Corning, PPG Industries Inc., Sinoma Science & Technology Co. Ltd., Taiwan Glass Ind. Corp., Yoshino Gypsum Co. Ltd., Yunnan Phosphate Haikou Co. Ltd. are a few of the key vendors in the glass fiber reinforced plastic (gfrp) market.
      APAC will register the highest growth rate of 43.24% among the other regions. Therefore, the glass fiber reinforced plastic (gfrp) market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the glass fiber reinforced plastic (gfrp) market growth are:
      • Increased use of GFRP in the construction industry
      The glass fiber reinforced plastic (gfrp) market vendors should focus on grabbing business opportunities from the construction segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Materials
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>