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Glass Fiber Reinforced Plastic (GFRP) Composites Market worth $45.12 Billion by 2019

DALLAS, March 26, 2014 /PRNewswire/ --

The report, "Glass Fiber & Glass Fiber Reinforced Plastic (GFRP) Composites Market By Raw Material, By Manufacturing Process, By Application (Transportation, Construction, Electrical & Electronics, & Others) & By Geography - Global Trends & Forecast to 2019", defines and segments the global GFRP Composites market with an analysis and forecast by value and volume.

Browse  more  than  153  market  data  tables  107  figures  spread  through  347  slides  and  in-depth  TOC  on  "Glass  Fiber  &  Glass  Fiber  Reinforced  Plastic  (GFRP)  Composites  -  Global  Trends  &  Forecast  to  2019"

Early buyers will receive 10% customization on this report.

"Asia-Pacific  and  North  America  are  the  key  markets  for  GFRP  Composites"

The global Glass  Fiber  Reinforced  Plastic  Composites  Market is dominated by Asia-Pacific and North America accounting for 67% of the overall market in 2013. Within North America, U.S. will remain the largest consumer of GFRP Composites and this market is driven by transportation, construction & infrastructure, aerospace & defense, and wind energy sectors. Country wise, China is the top most consumer of GFRP Composites product globally and is also the largest supplier, growing at a higher CAGR than the global average till 2019. China and India have enormous potential and are the fastest growing markets for GFRP Composites in the Asia-Pacific as well as globally. The U.S. and European countries are leading in research and development of high performance glass fiber products to be used in transportation, aerospace & defense, and wind energy sectors. Member countries of EU; Germany, France, Italy, U.K., and Spain are the key markets in the European Glass Fiber Reinforced Plastic Composites Market and constitute majority of the market size. The construction sector in the Middle East and North Africa (MENA) region will continue to be supported by government spending in Saudi Arabia, Qatar, and Abu Dhabi. This will drive the Glass Fiber Reinforced Plastic Composites Market in these regions.

"Transportation,  Aerospace  &  Defense,  and  Construction  &  Infrastructure  are  the  topmost  segments  by  value  in  the  GFRP  Composites  market"

While the transportation and aerospace & defense segments occupy topmost positions in the Glass Fiber Reinforced Plastic Composites Market with 49% share by value in 2013; maximum growth is expected from wind energy and aerospace & defense in the near future. The light weight, strength and corrosion resistant properties of glass fiber drive its growth in transportation, construction& infrastructure, electrical & electronics, consumer goods, marine, aerospace& defense, and wind energy segments. The demand for Glass Fiber Reinforced Plastic (GFRP) Composites will increase in future with the growth of the emerging economies, further strengthening the market.

Browse  related  reports

Carbon  Fiber  Market by Types, Applications, Trends & Global Forecasts (2011 - 2016)

Geotextiles  Market by Types (Woven, Nonwoven, Knitted), Materials (Polypropylene, Polyester, Polyethylene) & Applications (Road Industry, Pavement Repair, Erosion Control, Waste Containment, Railroad Stabilization) - Global Trends & Forecasts To 2017

About  MarketsandMarkets

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MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.

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