Portland, OR -- (SBWIRE) -- 07/10/2017 -- Glass fiber is one of the most common reinforced elements, which are utilized, mainly in commercial and industrial applications owing to their excellent mechanical properties such as flexibility, durability, high tensile strength, and superior resistance to elevated operating temperatures. In addition, glass fiber composites are also considered as a replacement for steel and aluminum owing to their light weight property.

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North America and Europe have been the major market segments for GFRP composites owing to their demand in the automobiles and construction sectors. Furthermore, rise in urbanization has projected enormous growth in this market with increase in the demand for residential construction applications such as glass fiber bathroom components. In addition, growth of the electrical & electronics sector in these regions is likely to fuel the market growth.

The report on the global glass fiber reinforced plastics market is segmented based on type, process, application, and geography. Based on type, the report includes polyester, vinyl ester, and polyurethane. Based on process, the report includes manual, continuous, compression molding, and injection molding. Based on application, the report is bifurcated into wind energy, transportation, marine, pipe & tanks, aerospace, construction, electrical & electronics, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Top market players include Owens Corning, Jushi Group, Taishan Fiberglass Inc, Saint Gobain, Nippon Sheet Glass, Polycomp International Corporation, PPG Industries, Binani 3B-Fibre glass Company, Nitto Boseki Co. Ltd, and Chomarat Group.

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Glass Fiber Reinforced Plastics (GFRP) Composites Market Key Segmentation

By Type

- Polyesters
- Vinyl esters
- Polyurethane

By Process

- Manual
- Continuous
- Compression Molding
- Injection Molding

By Application

- Wind Energy
- Automobile
- Marine
- Pipe & tanks
- Aerospace
- Construction
- Electricals & Electronics
- Others

By Geography

North America
- U.S.
- Canada
- Mexico

Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe

Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific

LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA