Stratview Research has published a new report on the GFRP Composites Market by Company, Regions, Type and Application, Forecast, up to 5 years by Stratview Research offers the most up-to-date market trends as well as an industry growth estimate for 5 years. The report provides a thorough analysis of the market for the forecast period 2021-2025. It reveals a broader picture of the market situation, taking into consideration all major trends, market dynamics, and competitive factors. Moreover, the report contains key statistics concerning the situation of the key players, present, and upcoming market trends, and potential market growth areas. Eventually, these reports are designed to assist readers in retrieving information and making decisions that help to grow their business.
The report also covers analyst opinions and prospects, competitive landscapes, and key regions from both a regional and a global perspective. The report also examines several factors, including driving factors and challenges.
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Analysis of GFRP Composites Market Key Manufacturers:
According to the report, the GFRP Composites Market includes suppliers, product manufacturers, and OEMs. Following is a list of the Key Players in this market.
AGY Holdings Corp
Asahi Fiber Glass Co., LTD.
Chongqing Polycomp International Corporation
Johns Manville Corporation
Jushi Group Co., LTD.
Nippon Sheet Glass Co. LTD.
PPG Industries, Inc.
Taishan Fiberglass, Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the GFRP Composites Market value and growth drivers over the trend period of 2020-25. According to the report –
GFRP Composites Market is likely to witness an impressive CAGR of 6.5% during the forecast period. High demand for GFRP composites from various industries such as transportation, wind energy, electrical & electronics, and pipes & tanks is expected to fuel the growth of the market during the forecast period.
Based on Resin Type:
Based on the resin type, the market is segmented as polyester resin, vinyl ester resin, epoxy resin, polyurethane resin, thermoplastic resin, and others. The polyester segment is estimated to hold the largest share of the GFRP composites market during the forecast period. The performance of the product can be improved by using resins, along with GFRP composites, as per the need of application. The polyester segment accounted for the largest share of the market in 2016. It offers various attractive features such as resistance from corrosion, and excellent performance, due to which polyester resins are widely used as a matrix for GFRP composites in various applications such as automotive, aircraft, electronic components, railways, and others.
Based on Region:
In terms of regions, Asia-Pacific is expected to be the fastest-growing market for GFRP composites during the forecast period. The growth of the market is owing to the increasing consumption of GFRP composites in various end-use industries such as wind energy, electrical & electronics, construction & infrastructure, and transportation. In the Asia-Pacific’s GFRP composites market, China is the leading country and there has been the highest number of wind energy installations in the year 2019 and a new capacity of 23,328 MW was added to it later. Europe and North-America are also expected to offer substantial growth opportunities during the forecast period.
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Research Methodology & Features –
This report offers in-depth insights and is the result of detailed research methodology through secondary research, extensive primary interviews with industry key players, and statistical tools. The report provides vital information related to the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints
- Market trend and forecast analysis
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Key success factors & more.
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