With Market Size Valued at $63.4 Billion by 2026, it's a Healthy Outlook for the Global GFRP Composites Market

SAN FRANCISCO , June 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "GFRP Composites - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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• Complimentary updates for one year

Edition: 8; Released: January 2022
Executive Pool: 2278
Companies: 42 - Players covered include Advanced Composites, Inc.; Agy Holdings Corp.; Asahi Fiber Glass Co., Ltd.; BGF Industries, Inc.; Celanese Corporation; China Beihai Fiberglass Co. Ltd.; China National Building Materials Group Co., Ltd.; Chongqing Polycomp International Corporation; Jiangsu Jiuding New Materials Co., Ltd.; John Manville; Nippon Sheet Glass Co., Ltd.; Nitto Boseki Co., Ltd.; Owens Corning; Pfg Fiberglass Corporation; PPG Industries, Inc.; Quantum Composites, Inc.; Reliance Industries Ltd.; SAERTEX GmbH & Co.KG; Saint-Gobain SA; Taishan Fiberglass, Inc. and Others.
Coverage: All major geographies and key segments
Segments: End-Use Industry (Transportation, Electrical & Electronics, Wind Energy, Marine, Construction & Infrastructure, Aerospace & Defense, Other End-Use Industries); Resin (Epoxy Resins, Polyester, Vinyl Ester, Polyurethane, Thermoplastic, Other Resins)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global GFRP Composites Market to Reach $63.4 Billion by 2026
Amid the COVID-19 crisis, the global market for GFRP Composites estimated at US$46 Billion, is projected to reach a revised size of US$63.4 Billion by 2026, growing at a CAGR of 5.3% over the analysis period. Transportation, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$21.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electrical & Electronics segment is readjusted to a revised 4.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $13.2 Billion in 2021, While China is Forecast to Reach $12.9 Billion by 2026
The GFRP Composites market in the U.S. is estimated at US$13.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$12.9 Billion by the year 2026 trailing a CAGR of 8.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Wind Energy Segment to Reach US$6.1 Billion by the year 2026
In the global Wind Energy segment, USA, Canada, Japan, China and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.4 Billion will reach a projected size of US$4.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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