Fiberglass Reinforced Plastics Market To Record 3.29% YoY Growth Rate in 2022 | Evolving opportunities with AGY Holding Corp., China Jushi Co. Ltd. and Compagnie de Saint-Gobain SA | More than 17,000 Technavio reports |

NEW YORK, January 12, 2022 / PRNewswire / – The report “Fiberglass Reinforced Plastic Market – Competitive Analysis, Drivers, Trends, Challenges and Five Forces Analysis” has been added to Technavio’s offering. 43% of market growth will come from APAC during the forecast period. China and Japan are the main markets for glass fiber reinforced plastic in APAC. Market growth in this region will be faster than market growth in MEA region, North America, and South America. Growing demand for GFRP in the construction, transportation, electronics and power industries will facilitate the growth of the APAC glass fiber reinforced plastic market during the forecast period.

Fiberglass Reinforced Plastics Market Size Is Expected To Increase By $ 7.68 billion, at 4.35% CAGR from 2021 to 2026 according to Technavio’s latest market report. The market for glass-fiber reinforced plastics is experiencing a 3.29% yoy growth rate in 2022.

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Market dynamics

The market is determined by factors such as theincreased use of GRP in the construction industry, increasing adoption of GRP composites in the transportation industry and increasing number of wind power capacity installations. However, the availability of substitutes hinders market growth. Holistic analysis of drivers and challenges will help infer end goals and refine marketing strategies to gain competitive advantage. The Fiberglass Reinforced Plastic Market analysis report also provides in-depth information about other upcoming trends and challenges which will have a considerable effect on the market growth.

Company Profiles

The GFRP market is fragmented and vendors deploy various organic and inorganic growth strategies to compete in the market. The Fiberglass Reinforced Plastic Market report provides comprehensive information of major 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 offers

  • AGY Holding Corp. – The company offers glass fiber reinforced plastics such as E glass and S-2 glass.
  • China Jushi Co. Ltd. – The company offers glass fiber reinforced plastic used in building and construction, electrical and electronics, aerospace and other industries.
  • Company of Saint-Gobain SA – The company offers glass fiber reinforced plastics such as E-Glass Single Yarns, Bulky Yarns, Textured Yarns, Beam Yarns, ZeroTwist, Straight Drill, among others.
  • Nippon Electric Glass Co. Ltd. – The company offers glass fiber reinforced plastics such as E glass fiber, high modulus glass fiber and ARG fiber.
  • Owens Corning – The company offers glass fiber reinforced plastics such as Cem-FIL, Advantex E-CR Glass, among others.

Market segmentation

  • Through Application, the market is categorized into construction, transportation, electrical and electronics, sporting and leisure goods, and others.
  • Through Geography, the market is APAC classified, Europe, North America, South America, and MEA.

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Competitive analysis

The report includes Competitive Analysis, a proprietary tool to analyze and assess the position of companies based on their Industry Position Score and Market Performance Score. The tool uses various factors to categorize players into four categories. Some of these factors considered for the analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc.

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Scope of the Fiberglass Reinforced Plastic Market

Cover of the report

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth dynamics and CAGR

Accelerate to a CAGR of 4.35%

Market growth 2022-2026

$ 7.68 billion

Market structure

Fragmented

Annual growth (%)

3.29

Regional analysis

APAC, Europe, North America, South America and MEA

Efficient contribution to the market

43% APAC

Main consumer countries

United States, China, Japan, Canada and Germany

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

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.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable information to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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