Global Fiber Reinforced Polymer (FRP) Composites Market Growth 2023-2029

Global Fiber Reinforced Polymer (FRP) Composites Market Growth 2023-2029

The global Fiber Reinforced Polymer (FRP) Composites market size is projected to grow from US$ 32260 million in 2022 to US$ 44640 million in 2029; it is expected to grow at a CAGR of 44640 from 2023 to 2029.

The key manufactures of Fiber Reinforced Polymer (FRP) Composites in the world are BASF, DuPont, Lanxess, DSM, Kingfa, Avient, LG Chemical, Celanese and Hexcel, among which the market share of the top five producers is close to 10%, and the largest manufactures is BASF. The global production of fiber reinforced polymer (FRP) composites is mainly distributed in North America, Europe, China and Japan. The market share of the top three production regions exceeds 70%, and China is currently the largest production region. In terms of its products, the growth rate of carbon fiber reinforced polymer (CFRP) composites is relatively fast, with glass fiber reinforced polymer (GFRP) composites accounting for more than 70% of the market share, followed by carbon fiber reinforced polymer (CFRP) composites and aramid fiber reinforced polymer (AFRP) composites. In terms of its application, automotive is its largest application field, with a market share of more than 30%, followed by construction, electronics and national defense.

Fiber Reinforced Polymer (or Fiber Reinforced Plastic, referred to as FRP) is formed by reinforcing fiber materials, such as glass fiber, carbon fiber, aramid fiber, etc., and matrix materials through winding, molding or pultrusion composite material. According to different reinforcing materials, common fiber reinforced composites are divided into glass fiber reinforced composites (GFRP), carbon fiber reinforced composites (CFRP) and aramid fiber reinforced composites (AFRP).

LPI (LP Information)' newest research report, the “Fiber Reinforced Polymer (FRP) Composites Industry Forecast” looks at past sales and reviews total world Fiber Reinforced Polymer (FRP) Composites sales in 2022, providing a comprehensive analysis by region and market sector of projected Fiber Reinforced Polymer (FRP) Composites sales for 2023 through 2029. With Fiber Reinforced Polymer (FRP) Composites sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Fiber Reinforced Polymer (FRP) Composites industry.

This Insight Report provides a comprehensive analysis of the global Fiber Reinforced Polymer (FRP) Composites landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Fiber Reinforced Polymer (FRP) Composites portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Fiber Reinforced Polymer (FRP) Composites market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Fiber Reinforced Polymer (FRP) Composites and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Fiber Reinforced Polymer (FRP) Composites.

This report presents a comprehensive overview, market shares, and growth opportunities of Fiber Reinforced Polymer (FRP) Composites market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Glass Fiber Reinforced Polymer (GFRP) Composites
Carbon Fiber Reinforced Polymer (CFRP) Composites
Aramid Fiber Reinforced Polymer (AFRP) Composites
Others

Segmentation by application
Automotive
Construction
Electronics
Defence
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BASF
DuPont
Lanxess
DSM
Kingfa
Avient
LG Chemical
Celanese
Hexcel
Teijin
Solvay
Toray
Mitsubishi Chemical
SGL Carbon
Owens Corning
Jiangsu AoSheng
Jiangsu Hengsheng
Weihai Guangwei
SABIC

Key Questions Addressed in this Report

What is the 10-year outlook for the global Fiber Reinforced Polymer (FRP) Composites market?

What factors are driving Fiber Reinforced Polymer (FRP) Composites market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Fiber Reinforced Polymer (FRP) Composites market opportunities vary by end market size?

How does Fiber Reinforced Polymer (FRP) Composites break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.