Global Thermoplastic Glass Fiber Reinforced Plastics Market Growth 2023-2029

Global Thermoplastic Glass Fiber Reinforced Plastics Market Growth 2023-2029

Glass Fiber Reinforced Polymer (GFRP) is a lightweight, strong, stiff material mostly applied in heavy duty applications. GFRP based on thermoplastic resin offers the best of two worlds: metals and plastics. Glass(fiber) Reinforced Plastic (GRP) is a composite material that consists of a polymer matrix and glass fibers. The polymer matrix is usually an epoxy, vinylester, or polyester thermosetting resin. The resin brings the environmental and chemical resistance to the product, is the binder for the fibers in the structural laminate and defines the form of a GRP part. The glass fibers add strength to the composite. They may be randomly arranged, or conveniently oriented. The most common type of glass fiber used for GRP is E-glass, which is alumino-borosilicate glass. E-CR-glass (Electrical/Chemical Resistance) is also commonly used in applications that require particularly high protection against acidic corrosion. Glass Fiber Reinforced Polymer (GFRP) is a mostly applied in heavy duty applications. GFRP based on thermoplastic resin offers the best of two worlds: metals and plastics.

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

This Insight Report provides a comprehensive analysis of the global Thermoplastic Glass Fiber Reinforced Plastics 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 Thermoplastic Glass Fiber Reinforced Plastics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Thermoplastic Glass Fiber Reinforced Plastics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermoplastic Glass Fiber Reinforced Plastics 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 Thermoplastic Glass Fiber Reinforced Plastics.

The global Thermoplastic Glass Fiber Reinforced Plastics market size is projected to grow from US$ 4297.5 million in 2022 to US$ 6110 million in 2029; it is expected to grow at a CAGR of 6110 from 2023 to 2029.

Global key players of thermoplastic glass fiber reinforced plastics include BASF, SABIC, DSM, Lanxess, Avient, etc. The top five players hold a share over 48%. Asia-Pacific is the largest market, has a share about 38%, followed by Europe and North America, with share 27% and 19%, separately. In terms of product type, Glass Mat Reinforced Thermoplastics is the largest segment, occupied for a share of 44%, and in terms of application, Aerospace & Automotive has a share about 50 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Thermoplastic Glass Fiber Reinforced Plastics market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Glass Mat Reinforced Thermoplastics
Textile-Reinforced Thermoplastics
Uni-Directional (UD) Fiber Reinforced Thermoplastics

Segmentation by application
Aerospace & Automotive
Electro & Electronics
Construction
Daily Use
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
Evonik
SABIC
DSM
Lanxess
Avient
Xenia Materials
SGL Carbon
RTP Company
Toray
Celanese
Solvay
Covestro
Teijin
US Liner
DuPont
Alformet
Complam Material

Key Questions Addressed in this Report

What is the 10-year outlook for the global Thermoplastic Glass Fiber Reinforced Plastics market?

What factors are driving Thermoplastic Glass Fiber Reinforced Plastics market growth, globally and by region?

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

How do Thermoplastic Glass Fiber Reinforced Plastics market opportunities vary by end market size?

How does Thermoplastic Glass Fiber Reinforced Plastics 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.