Glass Fiber Reinforced Polymer Market Size- By Resin Type, By Process, By End User Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Glass Fiber Reinforced Polymer Market Introduction and Overview
According to SPER market research, ‘Glass Fibre Reinforced Polymer Market Size- By Resin Type, By Process, By End User Industry – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Glass Fibre Reinforced Polymer Market is predicted to reach USD 124.28 billion by 2033 with a CAGR of 6.76%.
A composite material made of a polymer matrix reinforced with fibers is called fiber-reinforced polymer. Usually, the fibers are composed of carbon, basalt, or glass aramid. Other fibers, such asbestos, paper, or wood, have rarely been employed. Because of its mechanical qualities, fiber reinforced polymer is being used more and more in engineering applications to achieve notable improvements in usefulness, safety, and economy across a number of sectors.
The COVID-19 pandemic had a major effect on the glass fiber reinforced polymer (GFRP) industry, upsetting the supply chain at different points in time. Lockdowns and other limitations hindered manufacturing, which caused delays in production and delivery times. This downturn had an impact on GFRP-dependent businesses including aircraft, construction, and automobiles, which led to lower demand and delayed projects.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Resin Type, By Process, By End User Industry.
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies CoveredAdvanced Composites Inc., BASF SE, BGF Industries Inc., Braj Binani Group, Celanese Corporation, China Beihai Fiberglass Co. Ltd., China Jushi Co. Ltd., Johns Manville, Nippon Electric Glass Co. Ltd., Ownes Corning.
Glass Fiber Reinforced Polymer Market Segmentation
By Process: Based on the Process, Global Glass Fiber Reinforced Polymer Market is segmented as; Manual Process, Compression Moulding (Sheet Moulding Compound Process, Glass Mat Thermoplastic Process), Continuous Process, Injection Moulding.
By End User Industry: Based on the End User Industry, Global Glass Fiber Reinforced Polymer Market is segmented as; Energy, Automotive, Marine, Construction and Infrastructure, Electrical and Electronics, Aerospace and Defense, Healthcare Consumer Goods.
By Region:This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.