Global Fiber Reinforced Polymer (FRP) Composites Market 2018-2022

Global Fiber Reinforced Polymer Composites Industry Overview

Technavio’s research analysts have identified the growth of the automotive industry as one of the major driving factors in the market that will impact the market positively in the next few years. Countries like China India and North Africa are registering growth in the automotive markets. To increase the automotive sales in the country, Chinese government has given incentives. With the reduction in purchase tax incentives, there is an increase in demand for small-engine vehicles. It also driven domestic production positively. Owing to the major tax reforms been adopted by Indian government, the country has seen an increase in production and demand in the automotive sector.

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Companies covered

The fiber reinforced polymer composites market is fragmented due to the presence of several companies. By offering a detailed analysis of the market’s competitive landscape and providing information on the products offered by companies, this fiber reinforced plastic industry analysis report will aid clients identify growth opportunities across various regions and design growth strategies that will help them gain a competitive advantage over other players.  

The report offers a detailed analysis of a number of companies including:

• Aegion Corporation
• B&B FRP MANUFACTURING
• DowAksa
• Koninklijke Ten Cate
• Mitsubishi Chemical Corporation
• SGL Group

Fiber reinforced polymer composites market growth based on geographic regions

• Americas
• APAC
• EMEA

In terms of geographic regions, EMEA was the major contributor to the growth of this market during 2017. Our market research analysts have predicted that the region will offer considerable growth opportunities to players in this market throughout the forecast period.

Fiber reinforced polymer composites market growth based on application

• Automotive
• Construction
• Electronics
• Defense

Owing to the growth of the automotive industry across the globe, there is a growing demand for reinforced polymer composites from this segment. According to our market research experts, the automotive sector will account for the maximum growth of the fiver reinforced polymer composites market throughout the next few years.

Key highlights of the global fiber reinforced polymer composites market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the fiber reinforced polymer composites market during the next five years
• Precise estimation of the global fiber reinforced polymer composites market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the fiber reinforced polymer composites industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of fiber reinforced polymer companies

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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global fiber reinforced polymer composites market and its stakeholders over the forecast years.

Market research analysts at Technavio have also considered how the performance of other related markets in the vertical will impact the size of this market till 2022. One of the markets that is most likely to influence the growth of the fiber reinforced polymer composites over the coming years is the advanced polymer composites market.

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