Global $282 Billion Fiber Reinforced Polymer (FRP) Composites Market to 2025

The global fiber reinforced polymer (FRP) composites market is anticipated to reach USD 282.9 billion by 2025

Further key findings from the report suggest:

Numerous properties such as strength, flexibility, conductivity, and low cost offered by FRP products are anticipated to boost the industry growth over the forecast period.

The global players present in the market are collaborating with research agencies for developing new & improved synthetic and natural fiber-based reinforced polymer to gain a competitive edge over other companies. The players are also trying to develop new manufacturing techniques to reduce the production cost and increase production capacity.

Glass fiber reinforced polymer (GFRP) composites dominated the overall market with over 65% market share in 2016. The product is relatively cheaper and can be economically fabricated using different manufacturing techniques. GFRP is preferred over other FRP composites in applications or products that require high conductivity.

Basalt FRP composites market is expected to grow at a steady rate over the forecast period. Basalt is found in volcanic rocks, which originate from the frozen molten rock. They have better tensile strength in comparison to GFRP composites. Basalt fibers replace glass fibers owing to their high strength in the engineering and transport applications.

Key Topics Covered:

1 Methodology and Scope

2 Executive Summary

3 FRP Composites Market Variables, Trends, and Scope

4 FRP Composites Market: Fiber Type Estimates & Trend Analysis

5 FRP Composites Market: Application Estimates & Trend Analysis

6 FRP Composites Market: Regional Estimates & Trend Analysis

7 Competitive Landscape

8 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/lhr98m/fiber_reinforced

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