Fiber Reinforced Plastic FRP Composites

Fiber Reinforced Plastic (FRP) Composites Market Outlook

The global Fiber Reinforced Plastic (FRP) Composites Market is projected to reach approximately USD 60 billion by 2035, growing at a compound annual growth rate (CAGR) of around 6.5% during the forecast period from 2025 to 2035. This substantial growth can be attributed to the increasing demand for lightweight and durable materials across various industries, including automotive, aerospace, and construction. The escalating need for energy-efficient and high-performance materials is driving manufacturers to incorporate FRP composites into their products. Additionally, the rising focus on sustainable practices and the growing trend of using eco-friendly materials are significantly contributing to the market expansion. Furthermore, technological advancements in the production processes of FRP composites are enabling manufacturers to reduce costs while improving performance, thereby attracting a broader customer base.

Growth Factor of the Market

Several critical factors are propelling the growth of the Fiber Reinforced Plastic (FRP) Composites Market. First and foremost, the increasing adoption of lightweight materials in the automotive and aerospace sectors is a significant driver. Manufacturers are continually seeking ways to enhance fuel efficiency and reduce emissions, leading to a shift towards materials like FRP that offer lightweight properties without compromising strength. Moreover, the rising infrastructure development projects across emerging economies are generating demand for durable and corrosion-resistant materials, providing a lucrative opportunity for FRP composites. Another important aspect is the technological advancements in the production and design of FRP composites, which have led to innovations such as improved resin formulations and enhanced fiber properties. These advancements not only enhance the performance of the composites but also reduce production costs, making them more competitive in various applications. Lastly, the increasing awareness regarding sustainability and the benefits of using eco-friendly materials have positioned FRP composites as an attractive alternative to traditional materials, further boosting market growth.

Key Highlights of the Market

• Projected market size of approximately USD 60 billion by 2035, growing at a CAGR of 6.5%.
• Rising demand in automotive, aerospace, and construction sectors for lightweight and high-performance materials.
• Technological advancements leading to cost-effective production processes and enhanced product quality.
• Growing focus on sustainability and eco-friendly materials bolstering market opportunities.
• Significant investments in infrastructure development in emerging economies driving demand for FRP composites.

By Product Type

Glass Fiber Reinforced Plastic

Glass Fiber Reinforced Plastic (GFRP) is one of the most widely used types of FRP composites due to its excellent strength-to-weight ratio and cost-effectiveness. GFRP composites are predominantly used in automotive and construction applications, where lightweight materials can significantly improve fuel efficiency and reduce overall weight. The versatility of GFRP allows it to be molded into complex shapes, making it suitable for various applications such as boat hulls, cooling towers, and structural components in buildings. The continuous advancements in resin technology have enhanced the performance characteristics of GFRP, enabling manufacturers to produce composites that are more durable and resistant to environmental factors. Overall, the GFRP segment is expected to witness significant growth owing to its extensive application and increasing demand across diverse industries.

Carbon Fiber Reinforced Plastic

Carbon Fiber Reinforced Plastic (CFRP) is renowned for its unparalleled strength and stiffness, making it a preferred choice in high-performance applications, particularly in aerospace and automotive sectors. CFRP composites are significantly lighter than metals while providing superior strength, which is crucial for applications where weight reduction is vital. The aerospace industry, in particular, has increasingly adopted CFRP in aircraft structures and components to enhance fuel efficiency and performance. Additionally, the growing trend towards electric vehicles is further propelling the demand for CFRP, as manufacturers look for ways to reduce vehicle weight to improve battery range. The advancements in carbon fiber manufacturing processes have also contributed to lowering production costs, making CFRP composites more accessible to a broader market segment.

Aramid Fiber Reinforced Plastic

Aramid Fiber Reinforced Plastic (AFRP) is characterized by its exceptional impact resistance and durability, making it an ideal material for applications requiring high strength and resilience. This type of composite is commonly used in the aerospace and military sectors for applications such as body armor and structural components in aircraft. The unique properties of aramid fibers, including their resistance to abrasion and high tensile strength, have positioned AFRP as a go-to material in demanding environments. Furthermore, the growing focus on safety and performance in various industries is expected to drive the demand for AFRP composites. As manufacturers continue to explore innovative applications and enhance the processing techniques for aramid fibers, the AFRP segment is anticipated to experience steady growth.

Basalt Fiber Reinforced Plastic

Basalt Fiber Reinforced Plastic (BFRP) composites are gaining traction due to their excellent mechanical properties and thermal resistance. Basalt fibers, derived from volcanic rock, offer several advantages, including high resistance to corrosion and low thermal conductivity, making them suitable for applications in construction, marine, and electrical sectors. The environmental benefits of using basalt fibers, such as their sustainability and recyclability, are also contributing to their growing popularity. BFRP composites are increasingly being utilized in applications such as civil engineering structures, composites for wind turbine blades, and electrical insulation materials. The expansion of infrastructure projects in developing countries is expected to significantly drive the demand for BFRP, positioning it as a promising segment in the FRP composites market.

Natural Fiber Reinforced Plastic

Natural Fiber Reinforced Plastic (NFRP) composites are emerging as an eco-friendly alternative to traditional synthetic fibers, drawing attention from industries focused on sustainability. These composites utilize fibers obtained from natural sources such as flax, hemp, and jute, offering a biodegradable solution with a lower environmental impact. NFRP is commonly used in automotive interiors, packaging materials, and some construction applications. The growing consumer preference for sustainable products is a key driver for the NFRP market, and manufacturers are increasingly exploring the potential of natural fibers to meet this demand. Additionally, ongoing research and development efforts aimed at improving the mechanical properties of natural fibers will likely expand the applications of NFRP composites, paving the way for increased adoption across various industries.

By Application

Automotive

The automotive sector is one of the largest consumers of Fiber Reinforced Plastic (FRP) composites, as manufacturers increasingly seek ways to enhance fuel efficiency and reduce the weight of vehicles. FRP materials, particularly GFRP and CFRP, are utilized in components such as body panels, chassis parts, and interior structures. The shift towards electric vehicles is further propelling the demand for lightweight materials, as reducing overall vehicle weight is crucial for optimizing battery performance and range. Additionally, the durability and corrosion resistance of FRP composites make them suitable for various automotive applications. As the automotive industry continues to evolve towards more sustainable practices, the demand for FRP composites is expected to grow significantly, driven by innovations in materials and manufacturing processes.

Aerospace

In the aerospace industry, Fiber Reinforced Plastic (FRP) composites have become an essential material for manufacturing aircraft structures and components. The lightweight yet strong properties of materials such as CFRP allow for the construction of fuel-efficient and high-performance aircraft. The ongoing push for sustainable aviation practices is driving manufacturers to adopt FRP composites, which contribute to reduced fuel consumption and lower emissions. With the increasing demand for commercial and military aircraft globally, the aerospace sector is expected to remain a significant contributor to the growth of the FRP composites market. Furthermore, advancements in manufacturing technologies are enhancing the capabilities of FRP composites to meet stringent safety and performance standards in the aerospace industry.

Construction

The construction industry is experiencing a surge in the adoption of Fiber Reinforced Plastic (FRP) composites due to their impressive strength, durability, and resistance to corrosive environments. FRP materials are commonly used in structural applications, such as reinforcement bars, bridge components, and façade elements. The ability of FRP composites to withstand harsh conditions while being lightweight makes them an attractive choice for both new constructions and renovation projects. As infrastructure development continues to expand globally, driven by urbanization and population growth, the demand for FRP composites in construction is anticipated to increase significantly. The focus on sustainable building practices and materials further supports the growth of FRP composites within this sector.

Marine

In the marine industry, Fiber Reinforced Plastic (FRP) composites are widely utilized for building durable and lightweight vessels, including yachts, boats, and offshore structures. GFRP and CFRP materials are favored due to their exceptional strength-to-weight ratio and resistance to corrosion from saltwater environments. The growing demand for recreational watercraft and commercial shipping vessels is driving the growth of FRP composites in this sector. Additionally, the ability of FRP materials to be molded into complex shapes allows for innovative designs in marine applications. As environmental regulations become stricter, the preference for lightweight and high-performing materials in the marine industry is expected to further increase the adoption of FRP composites.

Electrical & Electronics

Fiber Reinforced Plastic (FRP) composites are gaining traction in the electrical and electronics sector due to their excellent insulating properties and resistance to heat and chemicals. FRP materials are used in components such as circuit boards, insulators, and housings for electronic devices. The growing demand for lightweight and durable materials in the rapidly evolving electronics industry is propelling the adoption of FRP composites. As the trend towards miniaturization and higher performance in electronic devices continues, manufacturers are exploring innovative applications of FRP to enhance product longevity and reliability. The increasing focus on energy efficiency and sustainable materials in electrical applications is expected to drive the growth of the FRP composites market in this sector.

By Distribution Channel

Direct Sales

Direct sales play a crucial role in the distribution of Fiber Reinforced Plastic (FRP) composites, as manufacturers often engage directly with end-users to cater to their specific requirements. This channel allows for personalized service, enabling manufacturers to provide tailored solutions and technical support to clients in various industries, including automotive, aerospace, and construction. Direct sales also facilitate quicker response times and the ability to adapt to the changing needs of the market. As the demand for specialized and customized FRP products continues to grow, the direct sales channel is expected to maintain a significant share of the market, with manufacturers focusing on building strong relationships with their customers.

Indirect Sales

Indirect sales represent a critical distribution channel for Fiber Reinforced Plastic (FRP) composites, involving intermediaries such as distributors, wholesalers, and retailers. This channel allows manufacturers to reach a broader audience and penetrate various market segments effectively. Indirect sales are particularly beneficial for smaller manufacturers that may not have the resources to establish direct relationships with end-users. The increasing complexity of supply chains and the need for efficient inventory management are driving the growth of this channel. As the FRP composites market continues to expand, the indirect sales channel is anticipated to remain a vital part of the distribution landscape, providing manufacturers with an effective means to reach diverse customers across different industries.

By Resin Type

Polyester

Polyester resin is one of the most commonly used resins in the production of Fiber Reinforced Plastic (FRP) composites due to its cost-effectiveness and ease of processing. This resin offers good mechanical properties and is suitable for a wide range of applications, including automotive parts, construction materials, and consumer goods. The versatility of polyester resin allows manufacturers to create various formulations tailored to specific performance requirements, enhancing the overall quality of the FRP composites. As manufacturers increasingly seek affordable and efficient materials, the demand for polyester resin is expected to grow, solidifying its position as a key segment in the FRP composites market.

Epoxy

Epoxy resin is highly regarded in the Fiber Reinforced Plastic (FRP) composites market for its superior mechanical properties and excellent adhesion to fibers. This resin is commonly used in high-performance applications, including aerospace, automotive, and marine sectors. The ability of epoxy resin to withstand harsh environmental conditions and its superior chemical resistance make it a preferred choice for demanding applications. As the trend towards lightweight and high-performance materials continues in various industries, the demand for epoxy-based FRP composites is expected to rise, driven by innovations in resin formulations and processing techniques.

Vinyl Ester

Vinyl ester resin is gaining popularity in the Fiber Reinforced Plastic (FRP) composites market due to its exceptional resistance to corrosion and high-performance characteristics. This resin combines the advantages of polyester and epoxy, providing a balance of cost-effectiveness and high mechanical strength. Vinyl ester FRP composites are commonly used in applications such as chemical storage tanks, marine structures, and construction materials, where resistance to harsh chemicals and environmental conditions is essential. The growing focus on performance-driven applications is likely to propel the demand for vinyl ester resin in the FRP composites market.

Phenolic

Phenolic resin is recognized for its excellent thermal stability and flame resistance, making it an ideal choice for applications requiring high heat resistance. This resin is commonly used in the aerospace and automotive industries for manufacturing components that must withstand extreme temperatures. The growing emphasis on safety and fire-resistant materials in various applications is expected to drive the demand for phenolic-based Fiber Reinforced Plastic (FRP) composites. As manufacturers continue to innovate and develop new formulations of phenolic resin, the segment is anticipated to experience steady growth.

Polyurethane

Polyurethane resin is increasingly being utilized in the Fiber Reinforced Plastic (FRP) composites market due to its flexibility and durability. This resin offers excellent impact resistance and is often used in applications where high elasticity is required, such as in automotive bumpers and sporting goods. The versatility of polyurethane allows for the creation of composites with varying properties, enhancing their applicability in various industries. As manufacturers seek to develop high-performance and multifunctional materials, the demand for polyurethane-based FRP composites is expected to grow, further expanding the market.

By Region

The Fiber Reinforced Plastic (FRP) Composites Market exhibits considerable regional variation, with North America, Europe, and Asia Pacific being the leading markets. North America is expected to maintain its dominance, driven by the robust demand from the aerospace and automotive industries. The market in the region is projected to grow at a CAGR of approximately 6.8% over the forecast period. Key players in the region are focusing on innovations in FRP technology and sustainable practices, which bolsters market growth. Moreover, the presence of well-established manufacturers and significant investments in research and development further contribute to the expansion of the FRP composites market in North America.

Europe follows closely, with strong growth prospects attributed to the increasing adoption of FRP composites in construction, automotive, and marine applications. The region's commitment to sustainability and the development of eco-friendly materials are driving demand for Fiber Reinforced Plastics. Additionally, the European Union's initiatives to promote lightweight materials for reducing carbon footprints are expected to stimulate market growth. Asia Pacific is also witnessing rapid growth, fueled by urbanization and infrastructure development projects in countries like China and India. As these economies continue to invest in emerging technologies and sustainable practices, the demand for FRP composites is anticipated to rise significantly in the coming years.

Opportunities

The Fiber Reinforced Plastic (FRP) Composites Market is ripe with opportunities driven by advancements in technology and the evolving needs of various industries. One of the most significant opportunities lies in the increasing demand for lightweight materials across sectors such as automotive, aerospace, and construction. As manufacturers strive for greater fuel efficiency and improved performance, the adoption of FRP composites is expected to rise. Additionally, the shift towards electric vehicles presents a prime opportunity for FRP materials, as reducing the weight of these vehicles is crucial for enhancing battery range and performance. The continuous research and development efforts aimed at improving the mechanical properties and environmental sustainability of FRP composites will further open doors for innovation in product offerings and applications.

Moreover, the growing focus on sustainability presents a major opportunity for the FRP composites market. Natural fiber-reinforced plastics, for instance, are gaining attention due to their eco-friendly attributes, making them an attractive option for manufacturers looking to reduce their carbon footprint. The increasing consumer preference for sustainable and recyclable materials is driving brands to explore and incorporate FRP composites into their products. Furthermore, the expansion of infrastructure projects in developing regions, coupled with the need for durable and cost-effective materials, is expected to bolster the demand for FRP composites. Overall, the market is positioned for growth, with ample opportunities for innovation and expansion across diverse sectors.

Threats

Despite the significant growth prospects, the Fiber Reinforced Plastic (FRP) Composites Market faces several challenges that could hinder its progress. One prominent threat is the volatility in raw material prices, particularly for the fibers and resins used in producing FRP composites. Fluctuations in the cost of these materials can impact manufacturers' profitability and may lead to price adjustments, which can deter potential customers. Additionally, the presence of alternative materials, such as metals and other composites, poses a competitive threat to FRP, especially in applications where traditional materials are well-established and trusted. The need for significant capital investment in research and development to improve the performance and sustainability of FRP composites also presents a barrier for smaller manufacturers, limiting their ability to compete effectively in the market.

Another challenge facing the FRP composites market is the lack of awareness regarding the benefits and applications of these materials among end-users. Many industries are still relying on conventional materials due to established practices and familiarity, hindering the adoption of FRP. Additionally, regulatory challenges and stringent compliance requirements can impede market growth, especially in sectors such as aerospace and automotive, where safety and performance standards are critical. Addressing these threats will require strategic planning and investment in education and marketing efforts to raise awareness about the advantages of FRP composites among potential users, ultimately driving adoption and market growth.

Competitor Outlook

• Hexcel Corporation
• Toray Industries, Inc.
• Teijin Limited
• Owens Corning
• Gurit Holding AG
• Solvay SA
• Eastman Chemical Company
• Jushi Group Co., Ltd.
• Fibre Glast Developments Corporation
• SABIC
• 3M Company
• Momentive Performance Materials Inc.
• Royal DSM N.V.
• Hexion Inc.
• Chomarat textile industries

The competitive landscape of the Fiber Reinforced Plastic (FRP) Composites Market is characterized by a diverse array of companies that specialize in manufacturing various types of FRP materials. Key players like Hexcel Corporation and Toray Industries, Inc. are at the forefront, leveraging their extensive research and development capabilities to innovate and produce high-performance composites for demanding applications. These companies are actively engaged in strategic partnerships and collaborations to enhance their product offerings and expand their market reach. The presence of established players with significant market share also fosters healthy competition, driving continuous improvements in product quality and performance.

Moreover, the industry's competitive dynamics are influenced by the increasing focus on sustainability and eco-friendly practices. Companies like Owens Corning and Gurit Holding AG are investing in the development of natural fiber-reinforced plastics and sustainable resin systems to meet the growing demand for environmentally friendly materials. The emphasis on innovation is pushing companies to explore new technologies and materials, ensuring they remain competitive in an evolving market landscape. Furthermore, the expansion into emerging markets presents an opportunity for both established and new entrants to tap into growing demand across various sectors, particularly in regions experiencing rapid industrialization.

In terms of geographic presence, companies are strategically positioning themselves to capitalize on regional growth opportunities. For instance, Teijin Limited and Jushi Group Co., Ltd. are focusing on expanding their operations in Asia Pacific to cater to the booming demand for FRP composites in countries like China and India. Similarly, Solvay SA and Eastman Chemical Company are enhancing their distribution channels in North America and Europe to strengthen their market presence. As the market continues to evolve, ongoing investments in innovation, sustainability, and regional expansion will be crucial for companies seeking to maintain a competitive edge in the FRP composites market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 SABIC
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Solvay SA
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 3M Company
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Hexion Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Owens Corning
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Royal DSM N.V.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Teijin Limited
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Gurit Holding AG
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Hexcel Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Jushi Group Co., Ltd.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Toray Industries, Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Eastman Chemical Company
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Chomarat textile industries
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Fibre Glast Developments Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Momentive Performance Materials Inc.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Fiber Reinforced Plastic FRP Composites Market, By Resin Type
    • 6.1.1 Polyester
    • 6.1.2 Epoxy
    • 6.1.3 Vinyl Ester
    • 6.1.4 Phenolic
    • 6.1.5 Polyurethane
  • 6.2 Fiber Reinforced Plastic FRP Composites Market, By Application
    • 6.2.1 Automotive
    • 6.2.2 Aerospace
    • 6.2.3 Construction
    • 6.2.4 Marine
    • 6.2.5 Electrical & Electronics
  • 6.3 Fiber Reinforced Plastic FRP Composites Market, By Product Type
    • 6.3.1 Glass Fiber Reinforced Plastic (GFRP)
    • 6.3.2 Carbon Fiber Reinforced Plastic (CFRP)
    • 6.3.3 Aramid Fiber Reinforced Plastic (AFRP)
    • 6.3.4 Basalt Fiber Reinforced Plastic (BFRP)
    • 6.3.5 Natural Fiber Reinforced Plastic (NFRP)
  • 6.4 Fiber Reinforced Plastic FRP Composites Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Fiber Reinforced Plastic FRP Composites Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Fiber Reinforced Plastic FRP Composites market is categorized based on

By Product Type

• Glass Fiber Reinforced Plastic (GFRP)
• Carbon Fiber Reinforced Plastic (CFRP)
• Aramid Fiber Reinforced Plastic (AFRP)
• Basalt Fiber Reinforced Plastic (BFRP)
• Natural Fiber Reinforced Plastic (NFRP)

By Application

• Automotive
• Aerospace
• Construction
• Marine
• Electrical & Electronics

By Distribution Channel

• Direct Sales
• Indirect Sales

By Resin Type

• Polyester
• Epoxy
• Vinyl Ester
• Phenolic
• Polyurethane

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Hexcel Corporation
• Toray Industries, Inc.
• Teijin Limited
• Owens Corning
• Gurit Holding AG
• Solvay SA
• Eastman Chemical Company
• Jushi Group Co., Ltd.
• Fibre Glast Developments Corporation
• SABIC
• 3M Company
• Momentive Performance Materials Inc.
• Royal DSM N.V.
• Hexion Inc.
• Chomarat textile industries