Fiber Reinforced Polymer (FRP) Composites Market Revenue Growth and Quantitative

1. Market Research Report EXCLUSIVE EDITION Fiber Reinforced Polymer (FRP) Composites Market Opportunities, and Forecast By 2030 Global Industry Analysis, Forecast and Trends, 2022-2030 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

2. Fiber Reinforced Polymer (FRP) Composites Market © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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5. Fiber Reinforced Polymer (FRP) Composites Market Revenue Growth and Quantitative Analysis Till 2030 Fiber Reinforced Polymer Composites Market by Fiber Type (Glass FRP, Carbon FRP, Basalt FRP, Aramid FRP, and Others), by Application (Automotive, Construction, Electronic, Defense, and Others), by Region – Global Share and Forecast to 2030 Description The global fiber-reinforced polymer (FRP) composites market size is expected to grow from USD 163.8 billion in 2021 to USD 420.2 billion by 2030, at a CAGR of 12.5% from 2022 to 2030. Fiber-reinforced polymer composites are made up of fiber-reinforced polymer matrix. The polymers utilized to manufacture fiber-reinforced polymer composites (FRPC) include phenol-formaldehyde resins, thermosetting plastic, polyester, vinylester, and epoxy. FRPCs are majorly used in various industries such as aerospace, marine, automotive, and construction. Growing population and increasing industrialization have led to a rise in demand for FRPC in the construction sector. Increasing participation to sustain the demand coupled with the reduced raw material prices is projected to drive the FRPC market over the forecast period. Manufacturing companies are shifting their focus towards developing regions such as the Asia Pacific and Central & South America (CSA) on the availability of cheap labor. FRPC market is governed by strict regulations for its use in the construction and automobile industry. Specialty FRPC products are expected to comply with U.S. Leadership in Energy and Environmental Design standards to be used for green buildings. In addition, FRPC fabricators are also expected to comply with specifications by the U.S. Federal Emergency Management Agency (FEMA) on account of use in the defense industry for safety applications. Technological innovations aim to develop a cost- effective manufacturing process that is expected to remain the critical success factor for market growth over the forecast period. Request Sample Copy of this Report: https://www.marketstatsville.com/request-sample/fiber-reinforced- polymer-composites-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

6. Definition of Global Fiber Reinforced Polymer Composites Market Fiber-reinforced plastic (FRP) is a composite material made of polymer-supported fibers for added strength. Fiber-reinforced plastic may also be known as a fiber-reinforced polymer. Global Fiber Reinforced Polymer Composites Market Dynamics Drivers: Growth in the building and construction industry in developing countries Glass FRPs are increasingly being used in construction applications. Glass FRP, in particular, is being employed in roofing applications and the manufacturing of glass windows. In developing countries, glass FRP is replacing standard glass in roofing applications on account of its high strength properties. Furthermore, numerous car manufacturers employ carbon and glass FRP in the production of windows for automobiles on account of its tendency of not breaking into small parts as opposed to standard glass and fiber, which leaves back sharp pieces on breakage, which could lead to serious human injuries and possible life threats, in case of an accident. Restraints: Raw material price volatility and availability Volatility does not always mean an increase in prices; volatility can be a sudden increase and a decrease in prices. Soda ash, pitch resins, polyacrylonitrile fibers, rayon, and silica sand are key raw materials used in manufacturing FRPCs. Various FRP glass-manufacturing companies such as Asahi Glass Co. Ltd., and Guardian Industries, have established extra FRPC production lines. Glass FRP manufacturing is a high-temperature process which is a constant economic and environmental challenge for companies to utilize minimum energy. The cost of logistics for Chinese and European manufacturers is less as compared to Indian manufacturers. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

7. Global Fiber Reinforced Polymer Composites Market Segmentation The fiber-reinforced polymer composites market has been categorized based on the fiber type, application, and region. Direct Purchase Report: https://www.marketstatsville.com/buy-now/fiber-reinforced-polymer- composites-market?opt=2950 By Fiber Type Outlook (Sales, USD Million, 2017-2030) •Glass FRP •Carbon FRP •Basalt FRP •Aramid FRP •Others By Application Outlook (Sales, USD Million, 2017-2030) •Automotive •Construction •Electronic •Defense •Others By Region Outlook (Sales, USD Million, 2017-2030) •North America (US, Canada, Mexico) •South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America) •Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe) •Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific) •The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA) © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

8. The glass FRP segment accounts for the largest market share, by fiber type Based on fiber type, the market is divided into glass FRP, carbon FRP, basalt FRP, aramid FRP, and others. In terms of revenue, the glass FRP composites segment dominated the market in 2021, with over 61.7% share. GFRP contains glass fibers within the polymer matrix and is popular for the several reasons; for instance, it can be easily drawn into high-strength fibers from a molten state and be economically fabricated using different composite-manufacturing techniques. In addition, when coupled with plastics, glass fiber possesses a chemical inertness, which is very useful in various corrosive environments. However, the product comes with certain limitations, such as despite high flexibility and strength, it is not very stiff. Furthermore, it does not display the rigidity that is necessary for certain applications such as bridges and airplanes. GFRP is usually used for reinforcing fibers for polymeric matrix composites. Moreover, it is the least expensive and is widely used in the fiber-reinforced plastic industry. Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/fiber-reinforced-polymer- composites-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

9. Asia Pacific accounts for the highest CAGR during the forecast period Based on the regions, the global fiber reinforced polymer composites market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Worldwide, Asia Pacific is the fastest-growing region with a CAGR of 11.5% during the forecast period. The Asia Pacific includes countries such as China, Japan, India, Australia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, and Singapore. Rapid urbanization, better government balance sheets resulting in augmented infrastructure spending, and rising disposable income in the reign are the major factors contributing to the growth of regional construction industry. Governments have entered into PPP for developing new projects such as roads, dams, and railway networks. Moreover, focused efforts taken by the governments for providing affordable housing is driving the construction industry. Macroeconomic factors in the Asia Pacific, such as expanding the middle class, rising disposable income, education, changing demographics, and rapid urbanization, are driving the electrical and electronics industry growth in the region. The demand from especially consumer electronics is high in the region. The rising presence of key industry players in the region is expected to boost the overall growth. Request For Report Description: https://www.marketstatsville.com/fiber-reinforced- polymer-composites-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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