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Numerous fine glass filaments collectively form glass fiber. There are two essential types of it composite and insulated. It is mostly made of silica which with other materials is produced by melting, forming, and a staple process. Each glass fiber is fine with small diameter and they are thus woven to form a certain flexible fabric. The procedure is repeated so that several layers are formed and are thus kept to dry. The end material is known as glass reinforced plastic.

A new report published by Transparency Market Research (TMR) on glass reinforced plastic states that the global market is expected to witness stable growth over the course of the forecast period. The market research report presents a comprehensive analysis on the global market and also presents a trajectory pertaining to the growth of the market in terms of present, future, and historical analysis. The study further dwells on aspects such as drivers, inhibitors, and opportunities and discusses trends that are prevailing in the market. The report also highlights information on the companies operating in the market and presents forwards data such as product portfolio, company profile, competitive strategies, mergers, and acquisitions, along with other facts.

Assortment in surface, resistant to weather, quality and light weight properties of fiberglass have added to its developing interest in the specified divisions. There has additionally been a move in focal point of firms, investigating new roads for fiberglass use. Aside from infrastructure, requirement for clean energy and developing economies display new prospects for the growth of the market. Extension in the current years in the market has additionally made a request supply hole which should be filled utilizing options. Enhanced manufacturing procedures and new item improvement are wanted to infiltrate into soaked markets and venture into new ones. The growing application areas of glass reinforced plastic in several end use industries is expected to further trigger the growth of the global glass reinforced plastic market.

global glass reinforced plastic market

The global glass reinforced plastic market is expected to witness a CAGR of 4.6% as per value from 2017 to 2026. The market is projected to rise to a volume of approximately 14,699 tons.

Asia Pacific excluding Japan to Surpass Other Regions

Regionally, the market has been segmented into North America, Latin America, Europe, Japan, Asia Pacific except Japan, and the Middle East and Africa. Amongst these, the market is expected to be led by APEJ by the end of the forecast period with a volume of 5, 163 tons. The leading position of APEJ can be attributed to the ongoing research and activities in the region the growing demand from several vertical industries. APEJ is anticipated to be closely trailed by Europe and North America in the same order. 

Automotive to Remain Leading End User

On the basis on end user, the global market has been classified into automotive, construction, electronics, sport, and other end use sectors. The demand for glass reinforced fiber is high from the automotive sectors, thus pushing it to the top of the list. It has been projected that automotive will remain the leading end user by the end of 2026.

Competitive Landscape

Some of the leading players in the market are Racolin Ltd., Gees Recycling Srl, Kolon Corporation, HLB Co., Ltd., Fibrelite Ltd., and PPG Industries, among several others. The players operating in this market are incessantly focusing on product development and are product differentiation in order to stay competent in the market.

Thriving Construction Industry to Help in Magnifying the Growth of the Glass Reinforced Plastic Market

The construction industry has witnessed extensive growth over the years. Along with the development across the construction sector, the associated sectors with the construction industry have also witnessed astounding growth. The glass reinforced plastic market is one of them. With swift rural-to-urban migration, construction activities have witnessed a spike. Thus, based on these factors, the glass reinforced plastic market will capture profitable growth opportunities. 

  • Glass reinforced plastic is created from silica-based raw materials blended with metal oxides. This material is reinforced with matrix materials such as polyamide, polyester, and epoxide. The useful properties of glass reinforced plastics such as great strength-to-weight ratio, good chemical resistance, extensive electrical insulating properties, and others will bring tremendous growth opportunities during the assessment period.
  • The thriving marine industry will also serve as a prominent growth opportunity. The escalating use of glass reinforced plastic across the marine industry will sow the seeds of growth. The replacement of traditional wood and steel with glass reinforced plastic will invite robust growth prospects. The investments of a large number of players in research and development activities will further invite exponential growth. Strategic collaborations also play a vital role in increasing the growth rate.
  • The booming population in densely populated countries like India and China is leading to a rise in construction activities. These aspects will add extra stars of growth to the glass reinforced plastic market. The heightening investments of diverse countries in improving the transport infrastructure will play a major role in increasing the growth prospects of the glass reinforced plastic market.
  • The novel coronavirus pandemic has had a large impact on the growth of the glass reinforced plastic market. The closure of factories and plants impacted production. The border restrictions resulted in supply chain disruptions. Nevertheless, the lockdown restrictions are playing a crucial role in increasing the growth prospects.

A new report on glass reinforced plastic provides perceptive insights on the chronological growth flight of the market along with the future prospects and present scenario of the market. The report offers an exclusive analysis of the global market and also presents insights on regional and other segments.

Glass Reinforced Plastic Market: Overview 

The report offers a complete summation of the market including an official abstract that draws out the centre examples progressing in the market. It also discusses on a couple of facets, for example, drivers, obstacles, and predictions that have been found in the global market. It also acquaints readers with figures related to volume, value, and development rate of the market from a growth point of view. With reverence to market segmentation, each segment is analysed and presented in the report. It also gives an assessment in light of the market condition, and moreover presents a value chain analysis of the products and applications in concern. A year to year progression of the market has likewise been offered in the report for the reader to be predominantly aware of the altering scenario of the market.Glass Reinforced Plastic Market: Research Methodology

The report is the end result of the cautious research work of the market analysts employing reliable sources. The information introduced has been studied carefully by industry experts of TMR. The data that has been presented here has been assembled from various tried and tested sources. The figures have also been checked by the analysts and can be used to settle on key decisions and formulate strategies.

Glass Reinforced Plastic Market: Competitive Dashboard

The market study conveys a structural outlook on the engaged scene of the overall glass reinforced plastic market. It features the rivalry prevalent among the present vendors in the market and also puts weight on the future circumstance of the market. The profile of the players is based on a SWOT examination sought down by company angle, product portfolio, strategies, finance related information, and year-to-year projections. The organizations have been explored minutely covering their key developments, innovations as well as mergers and acquisitions and agreements with other prominent establishments.

Why to purchase our report?

The reports made by our industry analysts are credible and have been researched and validated from several primary and secondary resources. What makes us unique is the fact that along with presenting an analysis of the market’s historical and present scenario, we also present a forecast review of the market for the benefit of our reader. The presentation is exclusive in the form of various charts, tables, and diagrams. Every bit of information present in the market research report is unique. Expert opinions are also present in the study that can be directly used by the readers to make future decisions.

Glass Reinforced Plastic Market: Segmentation


  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

 Composite Material Type 

  • Glass Fibre
  • Polyester
  • Vinyl
  • Epoxy

Manufacturing Process

  • Open Mould
  • Resin Transfer Moulding
  • Continuous Processing
  • Others

End Use

  • Automotive
  • Construction
  • Electronics
  • Sport
  • Other End Use

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Glass Reinforced Plastic Market

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