Los Angeles, CA -- (SBWire) -- 04/18/2019 --Fiber reinforced plastic (FRP), also known as fiber reinforced polymer, is in fact a composite material constituting a polymer matrix blended with certain reinforcing materials, such as fibers. The fibers are generally glass, carbon, aramid and so on.
Fiber-Reinforced Plastics are composite materials that typically consist of strong fibers embedded in a resin matrix. The fibers provide strength and stiffness to the composite and generally carry most of the applied loads. The matrix acts to bond and protect the fibers and to provide for transfer of stress from fiber to fiber through shear stresses. The most common fibers are glass, carbon, and synthetic fibers. FRP composites have very high strength characteristics and are nonconductive, noncorrosive, and lightweight.
According to its reinforced fibers, FRP can be classified as glass fiber reinforced, carbon fiber reinforced, aramid fiber reinforced and so on. According to the fiber length, FRP can be divided into long fiber, shore fiber and continuous fiber reinforced plastics.
Glass fiber reinforced plastics are the most commonly one in the FRP market. In 2017, 97% FRP are glass fiber reinforced. However, carbon fiber reinforced type has attracted more and more interests in recent years due to its distinctive characteristics.
The global Fiber Reinforced Plastics (FRP) market was 31900 million US$ in 2018 and is expected to 39400 million US$ by the end of 2025, growing at a CAGR of 2.7% between 2019 and 2025.
This report studies the Fiber Reinforced Plastics (FRP) market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiber Reinforced Plastics (FRP) in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
BASF
DuPont
Lanxess
DSM
SABIC
PolyOne
Hexion
Denka
Daicel
Evonik
Sumitomo Bakelite
Kingfa Science and Technology
Genius
Solvay
RTP
SI Group
Kolon
TenCate
Toray
Mitsubishi Rayon
Teijin
SGL
Hexcel
By the product type, the market is primarily split into
Glass Fiber Type
Carbon Fiber Type
Aramid Fiber Type
Others
By the end users/application, this report covers the following segments
Aerospace
Automotive
Electrical & Electronics
Construction
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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Fiber Reinforced Plastics Market Will Procure Million 39400 US$ by 2025 at a CAGR of 2.70%