Global Glass Fiber Reinforced Plastic (GFRP) Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023

  • ID: 4231686
  • Report
  • Region: Global
  • 140 Pages
  • Occams Business Research and Consulting
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Glass Fiber Reinforced Plastic Market in 2016 is Valued at $44.1 Billion And It is Estimated to Grow Up to $69.3 Billion By the End of 2023.

FEATURED COMPANIES

  • Asahi Glass
  • Dupont
  • Jushi Group
  • Mitsui & Co. Ltd.
  • Owens Corning
  • Royal Dsm
  • MORE

The global glass fiber reinforced plastic market is growing with a CAGR of 6.61% during forecast period 2016-2023. The growth in the glass fiber reinforced plastics market is mainly added by adoption across various end user industries such as automotive, transportation, construction, marine etc., increasing wind energy installations. The adoption across end user industries is mainly driven by superior mechanical properties. The growing wind energy installation is one of the major factors boosting the growth in the global GFRP market. According to global wind energy council in 2015, around 432680 mw of wind energy had been installed which has increased to 486749 mw of wind energy in 2016. thus, the rising demand for glass fiber reinforced plastics from wind energy is boosting the growth in the global market. Asia is having the largest wind energy installation across the globe that is around 175970 mw in 2015 which increased to 203643 mw in 2016 as per global wind energy council.

The global glass fiber reinforced plastic (GFRP) market is classified on the basis of application and resin type. According to application, the market is further segmented into transportation, marine, wind energy, automotive, construction and other applications. According to resin type, the market is further classified into polyurethane, polyester and vinyl ester. Polyester held largest market revenue share in 2015 owing to its use in the electronics, construction and pipe & tanks applications. Such resins are useful for non-corrosive, water treatment and chemical treatment plant applications at lower cost as compared to the other resins use.

The major players included in the report are BASF SE, DuPont, Owens Corning, Asahi Glass, Mitsubishi, Mitsui & Co, Chongqing Polycomp International Corporation, Johns Manville Corporation, Nippon Sheet Glass Co. Ltd. Saint-Gobain S.A, Taishan Fiberglass Inc., PPG Industries Inc., AGY Holdings Corp, Asahi Fiber Glass Co., Ltd. etc. These companies used various strategies such as mergers & acquisition, product launches etc. to expand market share and gain competitive advantage.

Geographically, Asia Pacific is the largest market for glass fiber reinforced plastics (GRPF) market. Growing infrastructure development as well as growing construction industry in developing countries such as India and China is anticipated to fuel the demand for the market in Asia Pacific during forecast period. The growing demand for wind energy installation in India is adding growth prospects in the Asia Pacific market. In India, wind energy capacity has expressively increased in the last few years and as of 31 Aug 2016, the installed capacity of wind power in India was 27,676.55 MW, primarily spread across the South, West and North regions.  As of March 31, 2016, the installed capacity of wind power in India was 26,769.05 MW, mainly spread across Andhra Pradesh (746.20 MW), Maharashtra (4,100.40 MW), Rajasthan (2,784.90 MW), Tamil Nadu (7,269.50 MW), Karnataka (2,318.20 MW), Gujarat (3,454.30 MW), and Madhya Pradesh (423.40 MW). Wind power registered for 14% of India's total installed power capacity. India has set determined target to generate 60,000 MW of electricity from wind power by 2022. Thus, the growing wind energy installation in the India is boosting the growth in the Asia Pacific GRPF market.



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FEATURED COMPANIES

  • Asahi Glass
  • Dupont
  • Jushi Group
  • Mitsui & Co. Ltd.
  • Owens Corning
  • Royal Dsm
  • MORE

1. Introduction
1.1. Executive Summary
1.2. Estimation Methodology

2. Market Overview
2.1. Globalglass Fiber Reinforced Plastics (Gfrp) Composites Market: Evolution & Transition
2.2. Market Definition & Scope
2.3. Manufacturing Process
2.4. Industry Structure
2.5. Regulatory Framework
2.6. Total Market Analysis
2.6.1. Top 5 Findings
2.6.2. Top 5 Opportunity Markets
2.6.3. Top 5 Companies
2.6.4. Top 3 Competitive Strategies
2.7. Estimation Analysis
2.8. Strategic Analysis
2.8.1. Investment Vs. Adoption Model
2.8.2. 360 Degree Industry Analysis
2.8.3. Porters 5 Force Model
2.8.4. See-Saw Analysis
2.8.5. Consumer Analysis And Key Buying Criteria
2.9. Competitive Analysis
2.9.1. Market Share Analysis
2.9.2. Top Company Analysis
2.10. Strategic Recommendations & Key Conclusions
2.10.1. Investment Opportunities By Regions
2.10.2. Opportunities in Emerging Applications
2.10.3. Investment Opportunity in Fastest Growing Segment

3. Market Determinants
3.1. Market Drivers& Market Impact
3.1.1. Superior Mechanical Properties
3.1.2. Increasing Wind Energy Installations
3.1.3. Application Across Various End User Industries
3.1.4. Growing Advancement in Composites
3.2. Market Restraints
3.2.1. Recyclability Concerns
3.2.2. Availability of Substitute
3.3. Market Opportunities
3.3.1. Growing Demand in Emerging Countries
3.3.2. Growing Demand from Construction & Transportation Industry
3.4. Market Challenges
3.4.1. High Initial Investment

4. Market Segmentation
4.1. Global Glass Fiber Reinforced Plastics (Gfrp) Composites Market By Application 2014-2023 ($ Million)
4.1.1. Market Definition And Scope
4.1.2. Decision Support Database & Estimation Methodology
4.1.3. Comparative Analysis Across Market Segments
4.1.4. Opportunity Matrix
4.1.5. Market Segmentation By Application 2014-2023 ($ Million)
4.1.5.1. Global Glass Fiber Reinforced Plastics (Gfrp) Composites By Transportation
4.1.5.1.1. Adoption Scenario & Market Determinants
4.1.5.1.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.1.5.1.3. Application
4.1.5.1.4. Top Players & Key Products
4.1.5.1.5. Regional Analysis 2014-2023 ($ Million)
4.1.5.1.6. Key Conclusions
4.1.5.2. Global Glass Fiber Reinforced Plastics (Gfrp) Composites By Marine
4.1.5.2.1. Adoption Scenario & Market Determinants
4.1.5.2.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.1.5.2.3. Application
4.1.5.2.4. Top Players & Key Products
4.1.5.2.5. Regional Analysis 2014-2023 ($ Million)
4.1.5.2.6. Key Conclusions
4.1.5.3. Global Glass Fiber Reinforced Plastics (Gfrp) Composites By Wind Energy
4.1.5.3.1. Adoption Scenario & Market Determinants
4.1.5.3.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.1.5.3.3. Application
4.1.5.3.4. Top Players & Key Products
4.1.5.3.5. Regional Analysis 2014-2023 ($ Million)
4.1.5.3.6. Key Conclusions
4.1.5.4. Global Glass Fiber Reinforced Plastics (Gfrp) Composites By Automotive
4.1.5.4.1. Adoption Scenario & Market Determinants
4.1.5.4.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.1.5.4.3. Application
4.1.5.4.4. Top Players & Key Products
4.1.5.4.5. Regional Analysis 2014-2023 ($ Million)
4.1.5.4.6. Key Conclusions
4.1.5.5. Global Glass Fiber Reinforced Plastics (Gfrp) Composites By Construction
4.1.5.5.1. Adoption Scenario & Market Determinants
4.1.5.5.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.1.5.5.3. Application
4.1.5.5.4. Top Players & Key Products
4.1.5.5.5. Regional Analysis 2014-2023 ($ Million)
4.1.5.5.6. Key Conclusions
4.1.5.6. Global Glass Fiber Reinforced Plastics (Gfrp) Composites By Other Applications
4.1.5.6.1. Adoption Scenario & Market Determinants
4.1.5.6.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.1.5.6.3. Application
4.1.5.6.4. Top Players & Key Products
4.1.5.6.5. Regional Analysis 2014-2023 ($ Million)
4.1.5.6.6. Key Conclusions
4.2. Global Glass Fiber Reinforced Plastics (Gfrp) Composites Marketby Resin Type
4.2.1. Market Definition And Scope
4.2.2. Decision Support Database & Estimation Methodology
4.2.3. Comparative Analysis Across Market Segments
4.2.4. Opportunity Matrix
4.2.5. Market Segmentationby Resin Type 2014-2023 ($ Million)
4.2.5.1. Global Glass Fiber Reinforced Plastics (Gfrp) Composites By Polyurethane
4.2.5.1.1. Adoption Scenario & Market Determinants
4.2.5.1.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.2.5.1.3. Application
4.2.5.1.4. Top Players & Key Products
4.2.5.1.5. Regional Analysis 2014-2023 ($ Million)
4.2.5.1.6. Key Conclusions
4.2.5.2. Global Glass Fiber Reinforced Plastics (Gfrp) Composites By Polyester
4.2.5.2.1. Adoption Scenario & Market Determinants
4.2.5.2.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.2.5.2.3. Application
4.2.5.2.4. Top Players & Key Products
4.2.5.2.5. Regional Analysis 2014-2023 ($ Million)
4.2.5.2.6. Key Conclusions
4.2.5.3. Global Glass Fiber Reinforced Plastics (Gfrp) Composites By Vinyl Ester
4.2.5.3.1. Adoption Scenario & Market Determinants
4.2.5.3.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.2.5.3.3. Application
4.2.5.3.4. Top Players & Key Products
4.2.5.3.5. Regional Analysis 2014-2023 ($ Million)
4.2.5.3.6. Key Conclusions

5. Competitive Landscape
5.1. Key Strategies
5.1.1. List of M&A
5.1.2. List of Jvs
5.1.3. List of Product Launches
5.1.4. List of Partnerships
5.2. Top 10 Company Analysis

6. Geographic Analysis
6.1. Decision Support Database & Estimation Methodology
6.2. Comparative Analysis Across Market Segments
6.3. Opportunity Matrix
6.4. Global Glass Fiber Reinforced Plastics (Gfrp) Composites Market By Region
6.4.1. North America
6.4.1.1. Industrialapplication Analysis 2014-2023 ($ Million)
6.4.1.2. Top Country Analysis
6.4.1.2.1. U.S.
6.4.1.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.1.2.1.2. Top Players & Key Products
6.4.1.2.1.3. Key Conclusions
6.4.1.2.2. Canada
6.4.1.2.2.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.1.2.2.2. Top Players & Key Products
6.4.1.2.2.3. Key Conclusions
6.4.2. Europe
6.4.2.1. Industry Application Analysis 2014-2023 ($ Million)
6.4.2.2. Top Country Analysis
6.4.2.2.1. Uk
6.4.2.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.1.2. Top Players & Key Products
6.4.2.2.1.3. Key Conclusions
6.4.2.2.2. France
6.4.2.2.2.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.2.2. Top Players & Key Products
6.4.2.2.2.3. Key Conclusions
6.4.2.2.3. Germany
6.4.2.2.3.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.3.2. Top Players & Key Products
6.4.2.2.3.3. Key Conclusions
6.4.2.2.4. Russia
6.4.2.2.4.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.4.2. Top Players & Key Products
6.4.2.2.4.3. Key Conclusions
6.4.2.2.5. Rest of Europe
6.4.2.2.5.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.5.2. Top Players & Key Products
6.4.2.2.5.3. Key Conclusions
6.4.3. Asia Pacific
6.4.3.1. Industry Application Analysis 2014-2023 ($ Million)
6.4.3.2. Top Country Analysis
6.4.3.2.1. China
6.4.3.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.1.2. Top Players & Key Products
6.4.3.2.1.3. Key Conclusions
6.4.3.2.2. India
6.4.3.2.2.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.2.2. Top Players & Key Products
6.4.3.2.2.3. Key Conclusions
6.4.3.2.3. Japan
6.4.3.2.3.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.3.2. Top Players & Key Products
6.4.3.2.3.3. Key Conclusions
6.4.3.2.4. Australia
6.4.3.2.4.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.4.2. Top Players & Key Products
6.4.3.2.4.3. Key Conclusions
6.4.3.2.5. Rest of Asia Pacific
6.4.3.2.5.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.5.2. Top Players & Key Products
6.4.3.2.5.3. Key Conclusions
6.4.4. Row
6.4.4.1. Industry Application Analysis 2014-2023 ($ Million)
6.4.4.2. Top Country Analysis
6.4.4.2.1. Latin America
6.4.4.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.4.2.1.2. Top Players & Key Products
6.4.4.2.1.3. Key Conclusions
6.4.4.2.2. Middle East & Africa
6.4.4.2.2.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.4.2.2.2. Top Players & Key Products
6.4.4.2.2.3. Key Conclusions

7. Company Profiles
7.1. Asahi Glass
7.1.1. Overview
7.1.2. Product Portfolio
7.1.3. Key Innovation Sector
7.1.4. Strategic Initiatives
7.1.5. Scot Analysis
7.1.6. Strategic Analysis
7.2. Basf Se
7.2.1. Overview
7.2.2. Product Portfolio
7.2.3. Key Innovation Sector
7.2.4. Strategic Initiatives
7.2.5. Scot Analysis
7.2.6. Strategic Analysis
7.3. Chongqing Polycomp International Corp. (Cpic)
7.3.1. Overview
7.3.2. Product Portfolio
7.3.3. Key Innovation Sector
7.3.4. Strategic Initiatives
7.3.5. Scot Analysis
7.3.6. Strategic Analysis
7.4. Dupont
7.4.1. Overview
7.4.2. Product Portfolio
7.4.3. Key Innovation Sector
7.4.4. Strategic Initiatives
7.4.5. Scot Analysis
7.4.6. Strategic Analysis
7.5. Johns Manville
7.5.1. Overview
7.5.2. Product Portfolio
7.5.3. Key Innovation Sector
7.5.4. Strategic Initiatives
7.5.5. Scot Analysis
7.5.6. Strategic Analysis
7.6. Jushi Group
7.6.1. Overview
7.6.2. Product Portfolio
7.6.3. Key Innovation Sector
7.6.4. Strategic Initiatives
7.6.5. Scot Analysis
7.6.6. Strategic Analysis
7.7. Mitsubishi
7.7.1. Overview
7.7.2. Product Portfolio
7.7.3. Key Innovation Sector
7.7.4. Strategic Initiatives
7.7.5. Scot Analysis
7.7.6. Strategic Analysis
7.8. Mitsui & Co. Ltd.
7.8.1. Overview
7.8.2. Product Portfolio
7.8.3. Key Innovation Sector
7.8.4. Strategic Initiatives
7.8.5. Scot Analysis
7.8.6. Strategic Analysis
7.9. Natureworks Llc
7.9.1. Overview
7.9.2. Product Portfolio
7.9.3. Key Innovation Sector
7.9.4. Strategic Initiatives
7.9.5. Scot Analysis
7.9.6. Strategic Analysis
7.10. Nippon Electric Glass Co. Ltd.
7.10.1. Overview
7.10.2. Product Portfolio
7.10.3. Key Innovation Sector
7.10.4. Strategic Initiatives
7.10.5. Scot Analysis
7.10.6. Strategic Analysis
7.11. Owens Corning
7.11.1. Overview
7.11.2. Product Portfolio
7.11.3. Key Innovation Sector
7.11.4. Strategic Initiatives
7.11.5. Scot Analysis
7.11.6. Strategic Analysis
7.12. Ppg Company
7.12.1. Overview
7.12.2. Product Portfolio
7.12.3. Key Innovation Sector
7.12.4. Strategic Initiatives
7.12.5. Scot Analysis
7.12.6. Strategic Analysis
7.13. Royal Dsm
7.13.1. Overview
7.13.2. Product Portfolio
7.13.3. Key Innovation Sector
7.13.4. Strategic Initiatives
7.13.5. Scot Analysis
7.13.6. Strategic Analysis
7.14. Saint-Gobain
7.14.1. Overview
7.14.2. Product Portfolio
7.14.3. Key Innovation Sector
7.14.4. Strategic Initiatives
7.14.5. Scot Analysis
7.14.6. Strategic Analysis
7.15. Taishan Fiberglass Inc.
7.15.1. Overview
7.15.2. Product Portfolio
7.15.3. Key Innovation Sector
7.15.4. Strategic Initiatives
7.15.5. Scot Analysis
7.15.6. Strategic Analysis

List of Tables
1. Global Glass Fiber Reinforced Plastics (Gfrp) Composites Market By Application 2014-2023 ($ Million)
2. Global Transportation Glass Fiber Reinforced Plastics (Gfrp) Composites By Geography 2014-2023 ($ Million)
3. Global Marine Glass Fiber Reinforced Plastics (Gfrp) Composites By Geography 2014-2023 ($ Million)
4. Global Wind Energy Glass Fiber Reinforced Plastics (Gfrp) Composites By Geography 2014-2023 ($ Million)
5. Global Automotive Glass Fiber Reinforced Plastics (Gfrp) Composites By Geography 2014-2023 ($ Million)
6. Global Construction Glass Fiber Reinforced Plastics (Gfrp) Composites By Geography 2014-2023 ($ Million)
7. Global Other Applications Glass Fiber Reinforced Plastics (Gfrp) Composites By Geography 2014-2023 ($ Million)
8. Global Glass Fiber Reinforced Plastics (Gfrp) Composites Market By Resin Type 2014-2023 ($ Million)
9. Global Polyurethane Glass Fiber Reinforced Plastics (Gfrp) Composites By Geography 2014-2023 ($ Million)
10. Global Polyester Glass Fiber Reinforced Plastics (Gfrp) Composites By Geography 2014-2023 ($ Million)
11. Global Vinyl Elster Glass Fiber Reinforced Plastics (Gfrp) Composites By Geography 2014-2023 ($ Million)
12. North America Glass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)
13. Europe Glass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)
14. Asia Pacific Glass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)
15. Rest of the World Glass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)

List of Figures
1. Global Glass Fiber Reinforced Plastics (Gfrp) Composites Market By Transportation 2014-2023 ($ Million)
2. Global Glass Fiber Reinforced Plastics (Gfrp) Composites Market By Marine 2014-2023 ($ Million)
3. Global Glass Fiber Reinforced Plastics (Gfrp) Composites Market By Wind Energy 2014-2023 ($ Million)
4. Global Glass Fiber Reinforced Plastics (Gfrp) Composites Market By Automotive 2014-2023 ($ Million)
5. Global Glass Fiber Reinforced Plastics (Gfrp) Composites Market By Construction 2014-2023 ($ Million)
6. Global Glass Fiber Reinforced Plastics (Gfrp) Composites Market By Other Applications 2014-2023 ($ Million)
7. Global Glass Fiber Reinforced Plastics (Gfrp) Composites Market By Polyurethane 2014-2023 ($ Million)
8. Global Glass Fiber Reinforced Plastics (Gfrp) Composites Market By Polyester 2014-2023 ($ Million)
9. Global Glass Fiber Reinforced Plastics (Gfrp) Composites Market By Vinyl Ester 2014-2023 ($ Million)
10. United States (U.S.) Glass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($Million)
11. Canada Glass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)
12. United Kingdom (Uk) Glass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)
13. France Glass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)
14. Germany Glass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)
15. Russiaglass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)
16. Roeglass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)
17. India Glass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)
18. China Glass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)
19. Japan Glass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)
20. Australia Glass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)
21. Roapacglass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)
22. Latin America Glass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)
23. Mena Glass Fiber Reinforced Plastics (Gfrp) Composites Market 2014-2023 ($ Million)

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  • Asahi Glass
  • Basf Se
  • Chongqing Polycomp International Corp. (Cpic)
  • Dupont
  • Johns Manville
  • Jushi Group
  • Mitsubishi
  • Mitsui & Co. Ltd.
  • Natureworks Llc
  • Nippon Electric Glass Co. Ltd.
  • Owens Corning
  • Ppg Company
  • Royal Dsm
  • Saint-Gobain
  • Taishan Fiberglass Inc.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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