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Fiber Reinforced Plastic Manufacturing Market

Fiber Reinforced Plastic Manufacturing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Fiber Reinforced Plastic Manufacturing: Introduction

  • Fiber Reinforced plastics are a type of composite plastics made of a matrix or binding components reinforced by a fiber material. The process consist of two steps: making the fibrous material and bonding the material with a polymer plastic.

Key Drivers of Fiber Reinforced Plastic Manufacturing Market

  • Rise in demand for light weight vehicles due to enactment of stringent emission norms across the globe is likely to increase the demand for fiber reinforced plastic products, which in turn is likely to boost the fiber reinforced plastic manufacturing market across the globe. Rise in demand for fiber reinforced plastic in aerospace and defense industries is anticipated to boost the fiber reinforced plastic manufacturing market across the globe.
  • Rise in awareness about environment protection across the globe is estimated to drive the global fiber reinforced plastic manufacturing market during the forecast period. Rise in demand for electric vehicles across the globe is further increasing the popularity of light weight products in the vehicle. Rapid expansion of small- and medium-scale industries across the globe, where demand for fiber reinforced plastic manufacturing machines is high, is likely to propel the fiber reinforced plastic manufacturing market across the globe. Major manufacturing industries shut down their production plants due to widespread of the coronavirus pandemic, which led to the decline in revenues of these companies. This is likely to pose a challenge in adopting fiber reinforced plastic manufacturing machines

Europe & Asia Pacific to Hold Significant Share of Global Fiber Reinforced Plastic Manufacturing Market

  • Europe is projected to account for a major share of the global fiber reinforced plastic manufacturing market due to a rise in the demand for light weight products across the globe. Europe has presence of major original equipment manufacturers as well as Tier-1 suppliers, who have major facilities that undertake research & development regarding the plastic manufacturing machines, which is likely to propel the fiber reinforced plastic manufacturing market across the globe
  • Followed by Europe, Asia Pacific is projected to hold a major share of the global fiber reinforced plastic manufacturing market due to an increase in sale of vehicles across the region. Rise in government investment to establish manufacturing industries in the region is likely to fuel the use of fiber reinforced plastic manufacturing machines. Presence of major automotive parts manufacturing industries across China, India, and Japan is anticipated to boost the fiber reinforced plastic manufacturing market in Asia Pacific.

Key Players Operating in Fiber Reinforced Plastic Manufacturing Market

The global fiber reinforced plastic manufacturing market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the fiber reinforced plastic manufacturing market are:

  • Jushi Group
  • AGY Holding
  • PPG Industries
  • Owen Corning
  • Taishan Fiberglass
  • Saint Gobain
  • Nippon Sheet Glass
  • CPIC
  • Asahi Fiberglass
  • BASF SE
  • Binani Industries
  • Cytec Solvay Group
  • SGL Carbon SE
  • Teijin Limited
  • Toray Industries Inc.

Global Fiber Reinforced Plastic Manufacturing Market: Research Scope

Global Fiber Reinforced Plastic Manufacturing Market, by Resin Type

  • Polyester
  • Vinyl Ester
  • Epoxy
  • Polyurethane
  • Thermoplastic
  • Others

Global Fiber Reinforced Plastic Manufacturing Market, by End-Use Industries

  • Automotive
  • Aerospace & Defense
  • Construction
  • Healthcare & Pharmaceutical
  • Consumer Goods
  • Transportation
  • Others

Global Fiber Reinforced Plastic Manufacturing Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Nordic Region
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
Fiber Reinforced Plastic Manufacturing Market

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