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Opportunities and Competitive Analysis of the FRP Panel Market Report

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    Report

  • 204 Pages
  • September 2021
  • Region: Global
  • Lucintel
  • ID: 5446668
The future of the FRP panel market looks promising with opportunities in building and construction, trucks and trailers, recreational vehicles, and others. The global FRP panel market is declined in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $1.4 billion by 2026 with a CAGR of 5% from 2021 to 2026. The major drivers for this market are the increasing residential and commercial construction activities and rising demand for durable, corrosion resistant, lightweight products in the construction and truck and trailer industries.

Emerging trends, which have a direct impact on the dynamics of the FRP panel industry, include carbon composites gaining popularity in the recreational vehicle market, and companies focusing on thermoplastic composites panel for the end use industries. Crane Composites, Lamilux Heinrich Strunz Group, US Liner Company, Glasteel, Fibrosan, and others are among the major FRP panel manufacturers.

A total of 113 figures/charts and 119 tables are provided in this 204-page report to help in your business decisions. To learn the scope of benefits, companies researched, and other details of the global FRP panel market then read this report.

The study includes trends and forecast for the global FRP panel market by end use industry, by reinforcement, by matrix, by resin group, and region as follows:


By End Use Industry [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:

  • Building and Construction
  • Trucks and Trailers
  • Recreational Vehicles
  • Others

By Reinforcement [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:

  • Glass Composites
  • Carbon Composites

By Matrix [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:

  • Polyester Based Composites
  • Epoxy Based Composites
  • PP Based Composites and Others

By Resin Group [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:

  • Thermoset composites
  • Thermoplastic Composites

By Region [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Others
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Others
  • Rest of the world
  • Middle East
  • Africa
  • South America

In this market, polyester, epoxy, and polypropylene are the major resin used to manufacture FRP panels for various end use industries. The analyst forecasts that polyester based composites will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to its low cost and mostly used in applications, such as side wall panels, roof, and floors.

Within the global FRP panel market, building and construction will remain the largest end use industry by value and volume due to growing demand for FRP wall panels, FRP roof panels, and FRP floor panels in residential and commercial construction. Trucks and trailers is expected to witness highest growth over the forecast period.

North America is expected to remain the largest market and due to the growing residential and commercial construction industry and increasing production of recreational vehicles and trucks & trailers. ROW is also expected to witness the highest growth over the forecast period.

Features of the Global FRP Panel Market

  • Market Size Estimates: FRP panel market size estimation in terms of value ($M) shipment and volume (M lbs)
  • Trend and Forecast Analysis: FRP panel Market trends (2015-2020) and forecast (2021-2026) by various segments and regions.
  • Segmentation Analysis: FRP panel market size by various segments, such as end use industry, by reinforcement, by matrix, by resin group, and regions in terms of value and volume.
  • Regional Analysis: FRP panel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different end use industry, by reinforcement, by matrix, by resin group, and regions for the global FRP panel market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the global FRP panel market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers the following 11 key questions

Q.1 What are some of the most promising potential, high-growth opportunities for the global FRP panel market by end use industry, by reinforcement, by matrix, by resin group, and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the global FRP panel market?
Q.5 What are the business risks and threats to the global FRP panel market?
Q.6 What are emerging trends in this global FRP panel market and the reasons behind them?
Q.7 What are some changing demands of customers in the global FRP panel market?
Q.8 What are the new developments in the global FRP panel market? Which companies are leading these developments?
Q.9 Who are the major players in the global FRP panel market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the global FRP panel market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the global FRP panel market?

Table of Contents

1. Executive Summary
2. Global FRP Panel Market Dynamics
2.1: Introduction, Background, and Classifications
2.1: Supply Chain
2.2: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2015 to 2026
3.1: Macroeconomic Trends and Forecast
3.2: Global FRP Panel Market Trends and Forecast
3.3: Global FRP Panel Market by End Use Industry
3.3.1: Building and Construction
3.3.2: Trucks and Trailers
3.3.3: Recreational Vehicles
3.3.4: Others
3.4: Global FRP Panel Market by Reinforcement
3.4.1: Glass Composites
3.4.2: Carbon Composites
3.5: Global FRP Panel Market by Matrix Type
3.6.1: Polyester Composites
3.6.2: Epoxy Composites
3.6.3: PP Composites and Others
3.7: Global FRP Panel Market by Resin Group
3.7.1: Thermoset Composites
3.7.2: Thermoplastic Composites
4. Market Trends and Forecast Analysis by Region
4.1: Global FRP Panel Market by Region
4.2: North American FRP Panel Market
4.2.1: North American FRP Panel Market by End Use Industry: Building and Construction, Trucks and Trailers, Recreational Vehicles and Others
4.2.2: The United State FRP Panel Market
4.2.3: Canadian FRP Panel Market
4.2.4: Mexican FRP Panel Market
4.3: European FRP Panel Market
4.3.1: European FRP Panel Market by End Use Industry: Building and Construction, Trucks and Trailers, Recreational Vehicles and Others
4.3.2: German FRP Panel Market:
4.3.3: UK FRP Panel Market:
4.3.4: French FRP Panel Market:
4.3.5: Italian FRP Panel Market:
4.3.6: Spanish FRP Panel Market:
4.3.7: Russian FRP Panel Market:
4.3.8: Other European Countries’ FRP Panel Market:
4.4: APAC FRP Panel Market
4.4.1: APAC FRP Panel Market by End Use Industry: Building and Construction, Trucks and Trailers, Recreational Vehicles and Others
4.4.2: Chinese FRP Panel Market
4.4.3: Japanese FRP Panel Market
4.4.4: Indian FRP Panel Market
4.4.5: South Korean FRP Panel Market
4.4.6: FRP Panel Market in other APAC Countries:
4.5: ROW FRP Panel Market
4.5.1: ROW Market by End Use Industry: Building and Construction, Trucks and Trailers, Recreational Vehicles and Others
4.5.2: Middle Eastern FRP Panel Market
4.5.3: Latin American FRP Panel Market
4.5.4: African FRP Panel Market
4.5.5: Other ROW Countries’ FRP Panel Market
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces
6. Growth Opportunity and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global FRP Panel Market by End Use Industry
6.1.2: Growth Opportunities for Global FRP Panel Market by Reinforcement
6.1.3: Growth Opportunities for the Global FRP Panel Market by Matrix Type
6.1.4: Growth Opportunities for the Global FRP Panel Market by Resin Group
6.1: 5 Growth Opportunities for the Global FRP Panel Market by Region
6.2: Emerging Trends in Global FRP Panel Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global FRP Panel Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global FRP Panel Market
7. Company Profiles of Leading Players
7.1: Crane Composites Inc.
7.2: Lamilux Heinrich Strunz Holding GmbH & Co. KG
7.3: US Liner Company
7.4: Glasteel Inc.
7.5: Fibrosan
7.6: Wabash National
7.7: Kalwall Corporation
7.8: Panolam Industries Inc.
7.9: Fiber-Tech Indsutries Enaris S.A
7.10: Miyabi

Companies Mentioned

  • Crane Composites Inc.
  • Lamilux Heinrich Strunz Holding GmbH & Co. KG
  • US Liner Company
  • Glasteel Inc.
  • Fibrosan
  • Wabash National
  • Kalwall Corporation
  • Panolam Industries Inc.
  • Fiber-Tech Indsutries Enaris S.A
  • Miyabi

Methodology

The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:

  • In-depth interviews of the major players in the market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.

Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.

Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.

 

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