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NEW YORK , Jan. 12, 2022 /PRNewswire/ -- The "Glass Fiber Reinforced Plastic Market - Competitive Analysis, Drivers, Trends, Challenges, and Five Force Analysis" report has been added to Technavio's offering. 43% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for glass fiber reinforced plastic in APAC. Market growth in this region will be faster than the growth of the market in MEA, North America , and South America. The increasing demand for GFRP in construction, transportation, and electronics, and electrical industries will facilitate the glass fiber reinforced plastic market growth in APAC over the forecast period. Fiberglass Chopped
The glass fiber reinforced plastic market size is expected to increase by USD 7.68 billion , at a CAGR of 4.35% from 2021 to 2026 as per the latest market report from Technavio. The glass fiber reinforced plastic market to record a 3.29% Y-O-Y growth rate in 2022.
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Market Dynamics The market is driven by factors such as the increased use of gfrp in the construction industry, increasing adoption of GFRP composites in the transportation industry, and the increasing number of wind energy capacity installations. However, the availability of substitutes is hindering market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The glass fiber reinforced plastic market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth.
Company Profiles The GFRP market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The glass fiber reinforced plastic market report provides complete insights on key vendors including 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., and Yunnan Phosphate Haikou Co. Ltd.
Few Companies with Key offerings
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Competitive Analysis The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Related Reports - Rigid Recycled Plastics Market -The rigid recycled plastics market share is expected to increase by 623.86 thousand MT from 2020 to 2025, at a CAGR of 7.52%. Download a free sample now!
Thermoplastic Composites Market -The thermoplastic composites market size has the potential to grow by USD 5.93 billion during 2020-2024, and the market's growth momentum will accelerate throughout the forecast period. Download a free sample now!
Glass Fiber Reinforced Plastic Market Scope
Accelerate at a CAGR of 4.35%
APAC, Europe, North America, South America, and MEA
US, China, Japan, Canada, and Germany
Leading companies, competitive strategies, consumer engagement scope
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., and Yunnan Phosphate Haikou Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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