Glass Fiber Reinforced Plastic Market Size, Trends, Analysis, and Outlook By Resin (Polyester resin, Vinyl ester resin, Epoxy resin, Polyurethane resin, Others), By Process (Manual process, Continuous process, Compression molding, Injection molding), By E

Glass Fiber Reinforced Plastic Market Size, Trends, Analysis, and Outlook By Resin (Polyester resin, Vinyl ester resin, Epoxy resin, Polyurethane resin, Others), By Process (Manual process, Continuous process, Compression molding, Injection molding), By End-User (Aerospace, Construction, Wind energy, Automotive, Electronics, Others), by Country, Segment, and Companies, 2024-2030

The global Glass Fiber Reinforced Plastic market size is poised to register a 6.9% growth from $60 Billion in 2024 to 89.5 Billion in 2030, presenting significant growth prospects for companies operating in the industry. The Glass Fiber Reinforced Plastic market study analyzes the study across By Resin (Polyester resin, Vinyl ester resin, Epoxy resin, Polyurethane resin, Others), By Process (Manual process, Continuous process, Compression molding, Injection molding), By End-User (Aerospace, Construction, Wind energy, Automotive, Electronics, Others).

The Glass Fiber Reinforced Plastic (GFRP) market is expected to witness significant growth in 2024, driven by its widespread applications in aerospace, automotive, construction, and wind energy sectors. GFRP offers high strength-to-weight ratios, corrosion resistance, and design flexibility, making it an ideal material for lightweight and durable components. Innovations in resin formulations and composite manufacturing processes are enhancing the performance and cost-effectiveness of GFRP products. The increasing focus on fuel efficiency, sustainability, and infrastructure development is fueling market growth.

Glass Fiber Reinforced Plastic Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study delves into the latest trends and pressing challenges for industry players and investors. The Glass Fiber Reinforced Plastic market research analyzes global market trends, key drivers, challenges, and opportunities. The "Future of Glass Fiber Reinforced Plastic" survey report provides a market size outlook across types, applications, and other segments worldwide and by region. It offers data-driven insights and actionable recommendations for companies in the Glass Fiber Reinforced Plastic industry.

Key market trends defining the global Glass Fiber Reinforced Plastic demand in 2024 and Beyond

The industry remains an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play major roles.

Glass Fiber Reinforced Plastic Market Segmentation- Industry Share, Market Size, and Outlook to 2030

The Glass Fiber Reinforced Plastic industry comprises a wide range of segments and sub-segments. Rising demand for these product types and applications supports increased investments in niche segments. Leading companies plan to generate a large share of their future revenue growth from expanding into these niche segments. The report presents a market size outlook across segments, supporting Glass Fiber Reinforced Plastic companies scaling up production in these sub-segments with a focus on emerging countries.

Key strategies adopted by companies within the Glass Fiber Reinforced Plastic industry

Leading Glass Fiber Reinforced Plastic companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Additionally, companies leverage advanced technologies to unlock opportunities and achieve operational excellence. The report details the key strategies adopted by the top 10 Glass Fiber Reinforced Plastic companies.

Glass Fiber Reinforced Plastic Market Study- Strategic Analysis Review

The Glass Fiber Reinforced Plastic market research report dives deep into qualitative factors shaping the market, empowering you to make informed decisions. This includes:

• Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
• Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
• Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
• Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Glass Fiber Reinforced Plastic Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Glass Fiber Reinforced Plastic industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. With actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three scenarios: low case, reference case, and high case.

Glass Fiber Reinforced Plastic Country Analysis and Revenue Outlook to 2030

The report analyzes 22 countries worldwide, including key driving forces and market size outlook from 2021 to 2030. Additionally, it includes region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America. For each region, the market size outlook by segments is forecast for 2030.

North America Glass Fiber Reinforced Plastic Market Size Outlook- Companies plan for focused investments in a changing environment

The US remains the market leader in North America, driven by a large consumer base, well-established providers, and strong infrastructure. Leading companies focus on new product launches in a changing environment. The US GDP is expected to grow from $28,781.1 Billion in 2024 to $36,621 Billion in 2030, driving demand for various Glass Fiber Reinforced Plastic market segments. Similarly, strong market demand encourages Canadian Glass Fiber Reinforced Plastic companies to invest in niche segments. Mexico's investment in technological advancements positions it for significant market expansion.

Europe Glass Fiber Reinforced Plastic Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Glass Fiber Reinforced Plastic industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Glass Fiber Reinforced Plastic market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Glass Fiber Reinforced Plastic Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust consumption expenditure, and increasing investments in infrastructure drive the demand for Glass Fiber Reinforced Plastic in Asia Pacific. In particular, China, India, and South East Asian Glass Fiber Reinforced Plastic markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Glass Fiber Reinforced Plastic Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Glass Fiber Reinforced Plastic Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Glass Fiber Reinforced Plastic market potential. Fueled by increasing consumption expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Glass Fiber Reinforced Plastic.

Glass Fiber Reinforced Plastic Market Company Profiles

The global Glass Fiber Reinforced Plastic market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are AGY Holding Corp, China Jushi Co. Ltd, Compagnie de Saint-Gobain SA, Nippon Electric Glass Co. Ltd, Owens Corning, PPG Industries Inc, Sinoma Science & Technology Co. Ltd, Taiwan Glass Ind. Corp, Yoshino Gypsum Co. Ltd, Yunnan Phosphate Haikou Co. Ltd.

Recent Glass Fiber Reinforced Plastic Market Developments

The global Glass Fiber Reinforced Plastic market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Glass Fiber Reinforced Plastic Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis

• Pricing Analysis
• Value Chain Analysis
• SWOT Profile
• Market Dynamics- Trends, Drivers, Challenges
• Porter’s Five Forces Analysis
• Macroeconomic Impact Analysis
• Case Scenarios- Low, Base, High

Market Segmentation:
By Resin
Polyester resin

Vinyl ester resin

Epoxy resin

Polyurethane resin

Others
By Process
Manual process

Continuous process

Compression molding

Injection molding
By End-User
Aerospace

Construction

Wind energy

Automotive

Electronics

Others

Geographical Segmentation:

• North America (3 markets)
• Europe (6 markets)
• Asia Pacific (6 markets)
• Latin America (3 markets)
• Middle East Africa (5 markets)

Companies

AGY Holding Corp

China Jushi Co. Ltd

Compagnie de Saint-Gobain SA

Nippon Electric Glass Co. Ltd

Owens Corning

PPG Industries Inc

Sinoma Science & Technology Co. Ltd

Taiwan Glass Ind. Corp

Yoshino Gypsum Co. Ltd

Yunnan Phosphate Haikou Co. Ltd

Formats Available: Excel, PDF, and PPT