"Innovative Market Solutions to Help Businesses Make Informed Decisions"
FRP composites is a composite material made of polymer matrix that is reinforced with fibre. The fibres used are generally glass, carbon, aramid or basalt. Polymers generally used are epoxy, vinyl ester or polyester plastic. They are generally used in aerospace, automotive, construction, marine and other sectors. It is applicable in Weight-saving, precision engineering applications and simplification of production.
Increasing demand for lightweight material but with high strength, flexibility and that can withstand impact and heavy load from Aerospace industry is driving the market. Additionally, increasing R&D for technical advancements in the Automobile industries to make the vehicle light and impact resistant is likely to boost the market growth. For instance, it is used in Rudder of Airbus A310. It reduced approximately 25 % of the total weight and up to 95% reduction in number of components by replacing combining parts with simpler moulded parts.
However rising concerns about the recyclability of FRP composites is likely to hinder the market growth and industry profitability.
Key Market Driver -
Increase in the demand from automobile and aerospace industry.
Key Market Restraint -
Environmental issues regarding the recyclability.
By product type, the market is segmented Glass Fiber Reinforced Polymer (GFRP) Composites, Carbon Fiber Reinforced Polymer (CFRP) Composites, Basalt Fiber Reinforced Polymer (BFRP) Composites, Aramid Fiber Reinforced Polymer (AFRP) Composites. Based on applications, the market is categorised into Industrial, Chemical, Oil & Paint, Pharmaceutical, Automobile, Others, Commercial, Offices and Buildings, Institutions, Residential Buildings and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The major companies in the Global Fiber Reinforced Polymer Composites are Ten Cate NV , Saint Gobain, Asahi Fiberglass, Owen Corning, Mitsubishi Rayon Co., Ltd , B&B FRP Manufacturing Inc., American Fiberglass Rebar , ; American Grating, LLC and Others.
To gain extensive insights into the market, Request for Customization
Regionally the Fiber Reinforced Polymer Composites (FRP) is segmented into North America, Asia Pacific, Europe, Latin America and Middle East & Africa. North America is expected to dominate the FRP composites market. Increasing construction activities in the region is driving the market. Additionally increasing applications of FRP in Aerospace & Defence is likely to boost the market growth. Europe is expected to show significant growth attributed to the increase in the demand for passenger cars and commercial vehicles. Asia Pacific is estimated to show moderate growth due to the growing construction industry in the emerging nations like China, India, South Korea and others. Latin America and Middle East & Africa are projected to register a comparatively higher CAGR by the end of the forecast period.
By Product Type
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry