GF and GFRP Composites Market Growth, Demand, Opportunity, Analysis And Forecasts To 2020

GF and GFRP Composites Market Share and Size, Emerging Trends,
Analysis, Overview and Outlook, Growth And Segment Forecasts To
2020
Technavio Announces the Publication of its Research Report Global GF and GFRP Composites Market
2016-2020
Technavio recognizes the following companies as the key players in the global GF and GFRP composites
market: Asahi Glass, China Beihai Fiberglass, Jushi, Nippon Electric Glass, PPG, and Saint-Gobain.
Other Prominent Vendors in the market are: Binani Industries, Chongqing Polycomp International,
Fiberex Technologies, Taishan Fiberglass, and Taiwan Glass Industry.
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Commenting on the report, an analyst from Technavio’ s team said: “Advances in technology will be a
key trend for market growth. With the imposition of stringent regulations and the intensifying
competition, innovation has become a prime focus area for most manufacturers. Leading players ensure
the best quality products at optimum costs and adopt the use of various technologies. For instance, Audi
introduced suspension springs made of GFRP composites, which are corrosion resistant. Owens Corning
introduced Performax SE4849 Type 30 Roving for LFRT polypropylene. The product is designed to
provide resistance to noise and outstanding wet-out and dispersion. These benefits would enable
compounders to run their lines up to 40% faster.”
According to the report, one of the key drivers for market growth will be urbanization and infrastructure
development. The construction industry is the prominent end user of composites. This is attributable to
the design flexibility, corrosion resistance, durability, easy installation, weatherproofing, and lightweight
properties of composites. In the construction industry, composites are used in walls, roofs, flooring,
windows, doors, replacement of steel beams in buildings and bridges.
Further, the report states that , a broader use of composite materials and structures will require
innovations in design, in-depth predictive modeling, robust characterization of material properties,
performance validation, and process automation. Therefore, the challenge is to optimize the energyintensive processes involved in the production of composites.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Composite Materials
Composite materials are made of two or more materials with distinct physical and chemical properties,
which when combined form a material that has characteristic properties different from the individual
materials. GFRP composites are fiber-reinforced polymers that are made of plastic and reinforced with
glass fibers (GFs) in a continuous stranded manner. The plastic used for producing GFRP composites may
be a thermoplastic or a thermoset plastic (mostly epoxy, polyester, or vinyl ester).
Technavio’ s analysts forecast the global GF and GFRP composites market to grow at a CAGR of 7.18%
during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global GF and GFRP composites
market for 2016-2020. To calculate the market size, the report considers the revenue generated through
the sales of GF and GFRP for end-users such as transportation, construction and infrastructure,
consumer goods, electrical and electronics, marine, and other by considering 2015 as the base year.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global GF and GFRP Composites Market 2016-2020, has been prepared based on an
in-depth market analysis with inputs from industry experts. The report covers the market landscape and
its growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]

According to the report, one of the key drivers for market growth will be urbanization and infrastructure development. The construction industry is the prominent end user of composites