The global Fiberglass Reinforced Panels Market size was significantly robust in 2021 and is expected to register a rapid revenue CAGR during the forecast period. Market revenue growth is primarily driven by increasing utilization of fiberglass reinforced panels in wall and roofing materials, addition in truck bodies, and trailers and its employment in agricultural claddings.
Fiberglass reinforced panels, also known as FRPs, are thin, flexible plastic panels reinforced with fiberglass and manufactured of durable polyester resin. They are put directly over drywall, wood, concrete block, and many other solid surfaces on walls and ceilings. Plastic trim moldings are used in these systems to provide a continuous, robust, and scratch-resistant surface that is easy to clean and mold and is stain resistant. These panels may even be cleaned with a hose, which increases convenience and surges their applicability. In addition, these are a good material for covering walls and ceilings in restaurant kitchens, public restrooms, medical facilities, food processing areas, and a variety of other settings that require periodic deep cleaning and have standardized hygiene and sanitation requirements. Lowered life cycle cost and improved appearance of the structure also surges its utilization in agricultural and industrial buildings.
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Competitive Landscape:
The report offers details about financial standing, global positional, license agreement, business expansion plans and product portfolios of each player operating in the market. The global Fiberglass Reinforced Panels market is extremely competitive and comprise various key players operating at global and regional levels. These players are adopting various strategies such as mergers and acquisitions, collaborations, joint ventures, partnerships, RD investments and new product launches to gain robust footing in the market and expand their product portfolio.
Key Companies in the market include: Crane Composites Inc. (U.S.), Glasteel Inc. (U.S.), Metl-Span (U.S.), S. Liner Company (U.S.), Brianza Plastica SpA (Italy), Optiplan GmbH (Germany), Polser Fiberglass Reinforced Plastics Inc. (Turkey), Panolam Industries International Inc. (U.S.), LAMILUX Heinrich Strunz Group (Germany), Enduro Composites (U.S.)
Report Overview:
The materials and chemicals industry revenue has rapidly expanded over the recent past. The global Fiberglass Reinforced Panels market is expected to register robust revenue growth during the forecast period, 2021-2028. Revenue growth of the global market is significantly driven by factors such as high demand for raw materials and chemicals across various sectors including food and beverages, paper pulp, chemicals and medical, biotechnology and pharmaceutical and rapid urbanization and industrial developments worldwide. In addition, increasing per capita income, rising investments by public and private organizations and rising demand for eco-friendly and sustainable products due to rising awareness about carbon emissions are expected to boost global market growth during the forecast period.
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Market Segmentation:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Glass Fiber Reinforced Polymer (GFRP) Composites
- Others (including CFRP composites, AFRP composites, etc.)
Application Outlook (Revenue, USD Billion; 2019-2030)
- Construction
- Transportation
- Others
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key questions covered in the global Fiberglass Reinforced Panels market report:
- What is the expected market size of the global Fiberglass Reinforced Panels market during the forecast period?
- What factors are expected to hamper global Fiberglass Reinforced Panels market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Fiberglass Reinforced Panels market?
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