Global Glass Fiber Reinforced Plastics Market Scenario and Growth Potential Analyzed until 2021

Glass fiber is a lightweight and durable fiber produced from very fine fibers of glass. In industry, it is often referred to as Glass Reinforced Plastic (GRP). These are broadly classified into Polyester, Vinyl Ester, Polyurethane, Epoxy, Peek Resin and others. Albany, New York, April 14, 2017: In recent years, the demand for renewable energy in the form of wind turbines, demand for light-weight fuel efficient aircraft & cars, and the demand for GFRP pipe, tank and some other corrosion resistant equipment are considered as a major drivers for the glass fiber reinforced plastics market. A new study, focusing the future growth prospects and development trends of these glass fiber reinforced plastics in the coming years have been broadcasted to the broad repository of Market Research Hub (MRH), which is titled as “Global Glass Fiber Reinforced Plastics Market” Professional Survey Report 2017. The study analyzes the global market, especially in North America, Southeast Asia, India, Europe, Japan and China with revenue, consumption, production, import & export in these regions, from the period 2011 to 2015.

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With an extensive forecast period until 2021, the report majorly aims to provide the key details about the market that will be helpful for the buyers. In the first section, the report defines the industry overview of glass fiber reinforced plastics, together with its definition, classification, application and market segment by regions.
Glass fiber is a lightweight and durable fiber produced from very fine fibers of glass. In industry, it is often referred to as Glass Reinforced Plastic (GRP). These are broadly classified into Polyester, Vinyl Ester, Polyurethane, Epoxy, Peek Resin and others. Glass fiber properties such as high strength, flexibility, durability, stability, light-weight, resistance to heat, temperature and moisture make glass fiber a crucial raw material for Glass Fiber Reinforced Plastic Composites that are used in variety of applications. Some of the major applications described in this study are:

• Wind Energy
• Transportation
• Marine
• Pipe & Tanks

GRP pipes and tanks made under centrifugal casting and filament winding processes are primarily used in the oil/gas and chemical industries as well as in plant engineering. It has been also analyzed that GFRP is being used in various parts of the building industry, and builders are using it in ways that can perfectly meet their building needs, all in an aesthetic and appealing fashion.
Moreover, for each type and application segment, the report presents an analysis of sales, price, growth driving factors, consumption etc. In terms of geography, it also carries a detailed examination of the market in several regions, together with major trends, growth drivers as well as hindrances faced by the major industry players in the market.
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Some of the major companies operating in the global market are given below:
• Chongqing Polycomp International Corporation
• Owens Corning
• Saint-Gobain S.A.
• Asahi Fiber Glass Co., Ltd.
• Johns Manville Corporation
• AGY Holdings Corp.
• Jushi Group Co., Ltd.
• PPG Industries Inc.
• Nippon Sheet Glass Co. Ltd.
• Taishan Fiberglass Inc.