Fiber Reinforced Polymers (FRP) Panels & Sheets Market Analysis, Key Players and Forecast 2024
Albany, NY -- (SBWire) -- 06/29/2018 --Global Fiber Reinforced Polymers (FRP) Panels & Sheets Market: Overview
Fiber reinforced polymers (FRP) panels and sheets, also known as FRP composites, have a wide range of architectural applications. Early applications majorly included making marine products such as speed boats, sail boats, and wave runners. Characterized by the properties of corrosion resistance, impact resistance, and durability, FRP composites are finding myriad applications today. Owing to the amazing design flexibility that can be attained with FRP panels and sheets, they are being increasingly used for a wide spectrum of products ranging from making recreational equipment and high-rise buildings to components of commercial aircrafts.
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FRP composites are widely used in diverse end-use industries, including construction, automotive and transportation, recreational and marine, and aerospace. The market has evolved rapidly over the past few years with the expanding architectural applications that demand corrosive conditions, such as underground storage tanks. Rapid pace of urbanization has led to the soaring demand for composites in a large number of building and construction designs.
The report offers in-depth insight into the current market scenario, key drivers and restraints, emerging trends and opportunities, and market share and size of key segments. Technological advances in composite engineering expected to influence the competitive dynamics are analyzed in the report. The research study evaluates the key factors shaping the demand for FRP composites in various end-use industries. Recent developments in various developing and developed regions and product innovations brought by leading manufacturers are highlighted in the report.
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Global Fiber Reinforced Polymers (FRP) Panels & Sheets Market: Trends and Opportunities
The fiber reinforced polymers panels and sheets market is primarily driven by their wide ranging applications across diverse industry verticals, especially in architectural design and construction activities. The enormous design flexibility and high strength-to-weight ratios of FRP composites have bolstered their demand in various engineering designs.
In particular, there is a spiraling demand for FRP composites in making turbines and aircraft bodies, fuelling the market growth in major regions. The ability of FRP composites to offer unique architectural features in complex facades and curvilinear shapes has made them increasingly popular in civil engineering applications for a variety of new constructions and remediation projects.
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