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Understand the specific dynamics influencing the market – key using factors, challenges, and hidden opportunities.
Glass fiber-reinforced plastics (GFRP) are produced by the fiber glass and are used widely in commercial and industrial applications due to their lightweight and durability.
They usually have high tensile strength and flexibility as compared to the metals.
These materials are widely used in industries like aerospace, construction, automotive, marine, electrical and others.
Some of the leading key players profiled in this study: Few of the major competitors currently working in global glass fiber-reinforced plastics (GFRP) market are Owens Corning, JEC Group, PPG Industries, Inc., Johns Manville, Saint-Gobain, AGY, Nippon Sheet Glass Co., Ltd, ASAHI FIBER GLASS Co., Ltd., Braj Binani Group, BGF Industries, Inc., Nitto Boseki Co., Ltd, PFG FIBER GLASS CORPORATION, Celanese Corporation, SAERTEX GmbH & Co. KG, Reliance Industries Limited, Denka Company Limited, RTP Company, Reinforced Plastic Industries, Aeron Composite Pvt.
Ltd, FIBREX and others.Global glass fiber-reinforced plastics (GFRP) market is expected to rise from its initial estimated value by registering a substantial CAGR of 6.70% in the forecast period of 2019-2026.
Rising installation of wind energy capacity is the major factor for the growth of this market.Get Exclusive Sample Report: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-glass-fiber-reinforced-plastics-gfrp-marketMarket Drivers:Rising construction activities in developing countries is driving the growth of this marketIncreasing demand of GFRP in transportation industry is another factor driving the market growthGrowing number of wind energy capacity installations will drive the market growthRising usage of GFRP composite pipes in sewage & water management will also accelerate the growth of the marketMarket Restraints:High production cost is restraining the growth of this marketIncreasing recyclability issue is another factor restraining the market growthKey Developments in the Market:In February 2019, SABIC announced the launch of their Stamax Stadeck which is specially designed for building and construction market.
Allied Market Research published a new report, titled, " Glass Fiber Reinforced Plastics (GFRP) Composites Market by Type (Polyesters, Vinyl Ester, and Polyurethane), Process (Manual, Continuous, Compression Molding, and Injection Molding) and Application (Wind Energy, Automobile, Marine, Pipe , Aerospace, Construction, Electricals & Electronics, and Others) - Global Opportunity Analysis and Industry Forecast, 2020-2027."
The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.
This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.The report offers key drivers that propel the growth in the global glass fiber reinforced plastics (GFRP) composites market.
Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/1966 The research offers a detailed segmentation of the global glass fiber reinforced plastics (GFRP) composites market.
Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
