Glass Fiber Reinforced Plastics (GFRP) Composites Market - Forecast(2021 - 2026)

 Glass Fiber Reinforced Plastic (GFRP) composite are the materials used in various end use industries. The higher strength to weight ratio property is the driving force in this market. Transportation Industries are using good amount of GFRP composite materials. North America and Asia regions are the largest markets for GFRP composite market. The wide use of these composite materials in aircraft structural components, aerospace industries, construction sectors are fueling the market growth.

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Glass Fiber Reinforced Plastic (GFRP) composite Market Outlook:

The applications of GFRP composites are in building and construction, aerospace, wind power Turbines, pipes and tanks, automotive and so on. In buildings, these composite materials are used as reinforcement as rebars, industrial floorings, Domes, cornice, canopies, roofs and so on. These acts as thermal resistant, low weight and more strength characteristics. In air craft application, these materials are used as fairings, engine cowlings, fan ducts. Thus this composite materials are replacing conventional materials and serving futuristic advantages during the forecast period. 

Glass Fiber Reinforced Plastic (GFRP) composite Market Growth Drivers: 

The main purpose of using GFRP composite material is its properties like less weight, more elastic nature, allowing partial light, cost efficiency, high strength to weight ratio, good heat resistance material and so on. These availability of these properties are replacing many other materials and become driving force in the market.  

Glass Fiber Reinforced Plastic (GFRP) composite Market challenges: 

Machining of GFRP composite’s with good surface finishing and defects free is becoming challenge in this market. The improper machining of GFRP composite sheets, panels and so on leads to surface defects which finally effects the strength characteristics of the structure. So put a solution to this, manufacturers are providing different cutting tools and process that produces flawless GFRP composite material. Even minute surface flaw can affect the tensile property of the structure. 

Glass Fiber Reinforced Plastic (GFRP) composite Market Research Scope:

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Glass Fiber Reinforced Plastic (GFRP) composite. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Glass Fiber Reinforced Plastic (GFRP) composite Market, and their specific applications in different types of vehicles.

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Glass Fiber Reinforced Plastic (GFRP) composite Market Report: Industry Coverage:

Material type of Glass Fiber Reinforced Plastic (GFRP) composite: Glass fiber, Fillers, Epoxy, Thermo set resins, Polyester, polyurethane, Vinyl ester, Thermoplastic resins.

Form of Glass Fiber Reinforced Plastic (GFRP) composite: Rebar, sheet, panels, powder.

Manufacturing Method of Glass Fiber Reinforced Plastic (GFRP) composite: Injection Molding, Manual Process, Continuous process, Layup, Filament winding Process.

Applications method of Glass Fiber Reinforced Plastic (GFRP) composite Market: Building and Construction, Electrical and electronics, Wind Power turbines, Automotive, Storage Containers, pipes and tanks. 

Glass Fiber Reinforced Plastic (GFRP) composite Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

• North America: The U.S., Canada, Mexico
  
• South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  
• Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  
• APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  
• Middle East and Africa: Israel, South Africa, Saudi Arabia
  

Glass Fiber Reinforced Plastic (GFRP) composite Market Key Players:

Genis, President of Owens corning company which is a leading manufacturer of Glass fiber reinforcement for composite materials. He addressed at JEC world 2018 event that their team will be on hand throughout event to provide solutions regarding their innovative composite materials. 

The key players referred in this market are PPG industries, BGF industries, Jushi Group, Nippon sheet glass co, Tufbar, Owens corning and few more companies. 

Glass Fiber Reinforced Plastic (GFRP) composite Market Trends and Market Research:

• Presently different cutting tools and machining techniques are using by researches and manufacturers of companies to produce flaw free GFRP composite material. Minute flaw leads affects the tensile strength of the material. 
  
• The research studies shows conventional steel bogie is replaced with composite GFRP material. For this, vertical load stress, critical load conditions, twisting load conditions are calculated using Autoclave curing method.  
  
• Use of GFRP composite material in Wind turbine reduces the cost of the materials, construction cost and installation. The prototype is presented on 2014 and model is planned to build in the year 2016. 

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