Lucintel Forecasts The Global Gfrp Market To Reach $67 Billion By 2035

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global GFRP market looks promising with opportunities in various end use industry, including transportation, marine, wind energy, pipe and tank, construction, electrical and electronics, consumer goods, and aerospace. The global GFRP market is expected to reach an estimated $67 billion by 2035 with a CAGR of 5% from 2025 to 2035. The major drivers for growth in this market are due to the growth in the construction, wind energy, electrical and electronics, consumer goods, and others market.
A more than 150-page report to understand trends, opportunity and forecast in global GFRP market to 2035 by end use industry (transportation, marine, wind energy, pipe and tank, construction, etc.), resin type (UPR resin, vinyl ester resin, epoxy resin, etc.), product type (E/ECR-glass composites, S-glass composites, C-glass composites, and other product types (NE glass, R-glass, and T-Glass)), manufacturing process (hand lay-up, spray-up, resin infusion, filament winding, pultrusion, etc.), and by region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel ...
... forecasts that construction will remain the largest end use industry by value and value due to the increasing use of glass fiber reinforced plastic in construction for its corrosion resistance, lightweight, and insulated properties. Aerospace is expected to witness highest growth over the forecast period.
UPR resin will remain the largest segment by value and volume over the forecast period because it offers good mechanical and service properties, and have excellent thermal stability and weather resistance. Other resins are expected to witness highest growth over the forecast period.
Download sample by clicking on GFRP market.
APAC is expected to remain the largest region by value and volume over the forecast period due to growth in construction, transportation, and the electrical and electronics segments. Growing economy, growth in population, and urbanization are the major forces that drive the construction segment, especially in China and India. North America is expected to witness highest growth over the forecast period.
Praana Group, Jushi Group Co., Ltd., Chongqing Polycomp International Corporation (CPIC), Taishan Fiberglass Inc., Nippon Electric Glass Co., Ltd., Johns Manville Corporation, Nitto Boseki Co., Ltd, BASF SE, INEOS Composites (KPS Capital), Huntsman, Hexion, Polynt, Toray Industries, Syensqo, Celanese, SABIC, DuPont, AOC (Nippon Paint Holdings Co., Ltd) are the major suppliers in the GFRP market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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