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.

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: Segmentation

Region

Composite Material Type 

Manufacturing Process

End Use

North America

Glass Fibre

SMC/BMC

Automotive

Latin America

Polyester

Open Mould

Construction

Europe

Vinyl

Resin Transfer Moulding

Electronics

Japan

Epoxy

Continuous Processing

Sport

APEJ

 

Others

Other End Use

MEA

 

 

 

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.