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(I-SoftwareNews.Com, October 02, 2018 ) Glass Fibre Reinforced Plastic GFRP Composites Market is projected to grow from USD 43.93 Billion in 2018 to USD 59.87 Billion by 2022, at a CAGR of 6.4% between 2018 and 2022.
Description: Glass Fibre Reinforced Plastic GFRP Composites Market is one of the most reinforced elements used primarily in commercial and industrial applications due to its excellent mechanical properties such as flexibility, durability, high tensile strength and excellent resistance to enhanced operating temperatures. In addition, glass fiber composites are considered steel and aluminum substitutes due to their light weight.
Growth Factors – The growth in the construction and automotive market has received a great demand for GFRP composites. In addition, lightweight materials in automotive applications will drive market growth. Demand for renewable energy sources such as wind energy has created demand for market composites, which are expected to grow due to consumer preferences for alternative energy sources. Polyester-based market composites have significantly increased demand due to their low cost. In addition, the application of polyurethane market is expected to increase due to its high chemical resistance and environmental resistance. In addition, the growing demand for thermoplastics has expanded the range of marine and plumbing applications. With the growth of the electrical and electronics sector, the GFRP composite market will create new profitable market growth opportunities. Variations in raw material prices are expected to hamper market growth, but increasing use of these composites as a carbon substitute combined with molding technology innovation is expected to drive market growth.
Top key Vendors: Owens Corning Inc, PPG Industries Inc, Saint Gobain, KCC Corporation, Nippon Sheet Glass Co., Ltd, Nitto Boseki Co Ltd, Advanced Glassfiber Yarns (AGY) LLC, Asahi Fibre Glass, BGF Industries, Braj Bin.
Request a sample copy @ https://www.research2reports.com/sample-report-chemical/glass-fibre-reinforced-plastic-gfrp-composites-market/77873
Regional Analysis – The data collected was validated from the Market analyst which makes the Glass Fibre Reinforced Plastic GFRP Composites Market a useful resource for managers, analysts, industry experts and other to get access and self-analysed the study which helps to understand market trends, applications, specifications and market challenges. The report is also useful for the governments, commercials, manufacturers, residential & industrial consumers and other stakeholders to propose their market-centric strategies in proportion to the estimated and enduring trends in the market.
Table of Contents Global Glass Fibre Reinforced Plastic GFRP Composites Market Research Report Chapter 1 Glass Fibre Reinforced Plastic GFRP Composites Market Overview Chapter 2 Global Economic Impact on Industry Chapter 3 Global Market Competition by Manufacturers Chapter 4 Global Production, Revenue (Value) by Region Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions Chapter 6 Global Production, Revenue (Value), Price Trend by Type Chapter 7 Global Market Analysis by Application Chapter 8 Manufacturing Cost Analysis Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers Chapter 10 Marketing Strategy Analysis, Distributors/Traders Chapter 11 Market Effect Factors Analysis Chapter 12 Global Glass Fibre Reinforced Plastic GFRP Composites Market Forecast Enquiry before buy https://www.research2reports.com/enquiry-before-buy-chemical/glass-fibre-reinforced-plastic-gfrp-composites-market/77873
Research2reports
Jeet Rajput
2026126969
info@research2reports.com
Source: EmailWire.Com
Source: EmailWire.com
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