Fiber-Reinforced Plastic Market Report: Regional and Country Wise Data Break up and Analysis in a Latest Research

Press Release

The global fiber-reinforced plastic market is expected to grow from USD 38.36 billion 2017 to USD 54.34 billion by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 5.10%.

“Increasing industrialization and government awareness towards water and waste water treatment is one of the factors largely attributing to the growth of fiber-reinforced plastic market globally”

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The factors attributing to the growth of the market are increasing industrialization and government awareness towards water and waste water treatment, key benefits of impressive mechanical and electrical properties, and increased application in the automotive and construction industry owing to increase in demand for lightweight fiberglass composite. However, some factors such as and conventional additive manufacturing using metals may hinder the market growth. The global fiber-reinforced plastic market is expected to showcase the opportunities such as increasing strategic alliances, and emerging potential in asia-pacific market. In the near future, the market may face the possible challenges in the growth due to and manufacturing and testing of frp components is highly specialized. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global fiber-reinforced plastic market.“Carbon: The highest growing material for the global fiber-reinforced plastic market”

“American Fiberglass Rebar: The potential growing player for the global fiber-reinforced plastic market”

The key players profiled in the global fiber-reinforced plastic market are American Fiberglass Rebar, American Grating, LLC, Amiantit, B&B FRP Manufacturing Inc., DowAksa, EPP composites, Engineered Composites Ltd, FRP Composites Inc., Future Pipe, HOBAS, Hyosung Corporation, Kemrock Industries Ltd., Mitsubishi Rayon Co., Ltd., SGL Group, TUF-BAR, Ten Cate NV, ZCL Composites, and Zoltek Companies, Inc.

On the basis of material, the global fiber-reinforced plastic market is studied across Aramid, Basalt, Carbon, and Glass. Among all these material, the Carbon is projected to hold the largest market share while the Glass has the potential to grow the market with the highest CAGR in the forecast period.“Gas Distribution Networks: The highest growing application for the global fiber-reinforced plastic market”

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On the basis of application, the global fiber-reinforced plastic market is studied across Gas Distribution Networks, Oil Flow Lines, and Water Injection Lines. Among all these application, the Gas Distribution Networks has captured the maximum market share while the Water Injection Lines has the opportunity to emerge with the highest CAGR.“Construction: The highest growing industry for the global fiber-reinforced plastic market”

On the basis of industry, the global fiber-reinforced plastic market is studied across Aerospace, Automotive, Biomedical Engineering, Civil Engineering, Construction, Electronics, Oil & Gas, Sewage & Waste Water Treatment, and Sports & Consumer Goods. Among all these industry, the Construction has captured the maximum market share while the Sewage & Waste Water Treatment has the opportunity to emerge with the highest CAGR.“Europe, Middle East & Africa: The highest growing geography for the global fiber-reinforced plastic market”

On the basis of geography, the global fiber-reinforced plastic market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Asia-Pacific is showing the maximum growth in the near future with the highest CAGR while the Europe, Middle East & Africa is dominating the market with highest market size.

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The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global fiber-reinforced plastic market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global fiber-reinforced plastic market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global fiber-reinforced plastic market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global fiber-reinforced plastic market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global fiber-reinforced plastic market.

This post was originally published on Market Reports