Categories: Press Release

Glass Fiber Reinforced Polymer (GFRP)Market is expected to reach $61.3 Billion by 2028- An exclusive market research report by Lucintel

Lucintel’s latest market report analyzed that glass fiber reinforced polymer provides attractive opportunities in various end uses, including transportation, marine, wind energy, pipe and tank, construction, electrical and electronics, consumer goods, and aerospace. The GFRP market is expected to reach $61.3 billion by 2028 with a CAGR of 3.7%. In this market, transportation is the largest segment by end use, whereas UPR resin is largest by resin type. Low styrene content unsaturated polyester resin, increasing usage of ecofriendly unsaturated polyester resin, penetration of low dielectric glass fiber in high performance PCB, introduction of flat glass fiber, and development of high tensile strength and high tensile modulus glass fiber provides strategic growth path in this market.

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Based on end use, the GFRP market is segmented into transportation, marine, wind energy, pipe and tank, construction, electrical and electronics, consumer goods, and aerospace. The transportation segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to government regulations, such as CAFE Standards in the US and carbon emission targets in Europe, are putting pressure on OEMs to incorporate lightweight materials to curb the overall vehicle weight.

Browse in-depth TOC on “GFRP Market”

137 – Tables

164 – Figures

339 – Pages

The GFRP Market is marked by the presence of several big and small players. Some of the prominent players offering GFRP include Owens Corning, Jushi Group Co., Ltd., Chongqing Polycomp International Corporation (CPIC), Taishan Fiberglass Inc., Nippon Electric Glass Co., Ltd., 3B-The Fibreglass Company (Goa Glass fiber), Johns Manville Corporation, Nitto Boseki Co., Ltd, BASF SE, Ashland LLC, Huntsman, Hexion, Polynt, Cytec Solvay Group, Celanese, SABIC, DuPont.

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https://www.lucintel.com/glass-fiber-reinforced-polymer-market.aspx

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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