#Glass Fiber-reinforced Plastics (GFRP)Market Share

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Glass Fiber Reinforced Plastic Composites Market - Major Revenue Gain is Predicted by 2032

The global glass fiber reinforced plastic (GFRP) composites market is anticipated to grow at a positive CAGR of 6.6% from 2022 to 2032. The target market is set to reach a valuation of US$ 60 Bn by the end of 2022. Owing to escalating demand for strong and resilient plastic materials for construction activities the market for glass fiber reinforced plastic (GFRP) composites is expected to grow steadily over the forecast period.

A lightweight and durable fiber, glass reinforced plastic is produced from very fine fibers of glass. In comparison to carbon fibers, glass fibers demonstrate low brittleness and the fibers of glass used for their production are more affordable. Again, compared to metals, glass fiber possesses superior properties, both strength, and weight-wise. In addition, glass fibers can be produced using different molding techniques.

Glass fibers are largely utilized as an essential raw material for creating distinctive types of composite materials. One of the most important applications of glass fibers is the manufacturing of glass fiber reinforced plastic (GFRP) composites, the largest class of composite materials. Around 90% of the reinforcements used in the composites sector are glass fibers.

GFRP composites are widely used in a variety of industries such as wind energy, construction, automotive, aerospace, piping, and anti-corrosive industrial equipment. This bodes well for the overall market growth. Further, the increasing demand for GFRP composites from the transportation and construction sectors will likely fuel the growth of the glass fiber as well as the glass fiber reinforced plastic (GFRP) composites market in the upcoming decade.

Competitive Landscape

Johns Manville, BGF Industries, Asahi Glass Company Limited, Advanced Glassfiber Yarns LLC, Chomarat Group, Jushi Group Co. Ltd., Taishan Fiberglass Inc., Owens Corning, PPG Industries Inc., Binani 3B-The Fibreglass Company, Saertex Group, Chongqing Polycomp International Corp., Saint-Gobain Vetrotex, Nitto Boseki Co. Ltd. and Nippon Sheet Glass Co. Ltd., among others are some of the major players in the glass fiber reinforced plastic (GFRP) composites market profiled in the full version of the report.

Leading market players are focusing on increasing their research and development activities to identify the best raw material for the manufacturing process. These enterprises engage in various organic and inorganic business expansion strategies.

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Key Segments

By Type

Epoxy

Polyester

Vinyl Ester

By Application

Transportation

Electricals

Electronics

More Insights into Glass Fiber Reinforced Plastic (GFRP) Composites Market Report

In its latest report, FMI offers an unbiased analysis of the global glass fiber reinforced plastic (GFRP) composites market, providing historical data from 2014 to 2020 and forecast statistics for 2022 to 2032.

Based on region, the glass fiber reinforced plastic (GFRP) composites market in the Asia Pacific and in North America will demonstrate significant growth during 2022-2032. The target market in these regions together accounts for 50% of the global glass fiber reinforced plastic (GFRP) composites market share.

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[palesoultaco]

Automotive Composites Market Revenue Analysis & Region and Country Forecast To 2028

The Global Automotive Composites Market Report offers extensive knowledge and information about the Electric Automotive Composites market pertaining to market size, market share, growth influencing factors, opportunities, and current and emerging trends. The report is formulated with the updated and latest information of the global Automotive Composites market further validated and verified by the industry experts and professionals. The Global Automotive Composites Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Automotive Composites market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.

The global automotive composites market size reached USD 5.33 Billion in 2020 and is expected to register a revenue CAGR of 11.2%, during the forecast period, according to latest analysis by Emergen Research. Need for Original Equipment Manufacturers (OEMs) to comply with increasingly stringent government regulations as well as rising demand for Electric Vehicles (EVs) are some key factors driving global automotive composites market revenue growth. Increased usage of natural fibers in automotive applications, which are both cost-effective and environmentally beneficial, is expected to support revenue growth of the market going ahead. The cost per kilo of weight saved in vehicle weight reduction techniques would be higher with EVs.

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Competitive Landscape:

The latest report encases an in-depth summary of the intensely competitive landscape of the global Automotive Composites market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.

Key participants include SGL Carbon SE, Toray Industries, Inc., Mitsubishi Chemical Holdings Corporation, Teijin Limited, Hexcel Corporation, UFP Technologies, Inc., Solvay S.A., Hexion Inc., Huntsman Corporation, and Gurit Holding

The complete regional analysis covers:

North America (U.S., Canada, Mexico)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Points of Automotive Composites Market:

Extensive coverage of the analysis of the Automotive Composites market

Key insights into the regional spread of the industry in key geographies

Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market

Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Automotive Composites market

Complete data about the key manufacturers and vendors in the Automotive Composites market

Emergen Research has segmented the global automotive composites on the basis of fiber type, product, resin type, manufacturing process, application, and region:

Fiber Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Carbon Fiber Reinforced Plastic (CFRP)

Glass Fiber Reinforced Plastic (GFRP)

Natural Fiber (NF)

Product Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Metal Matrix Composites

Polymer Matrix Composites

Ceramic Matrix Composites

Resin Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Thermoset

Thermoplastic

Manufacturing Process Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Injection Molding

Compression Molding

Resin Transfer Molding (RTM)

Others

Application Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Structural & Powertrain

Interior

Exterior

Others

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Take a Look at our Related Reports:

Waterproofing Systems Market

Interventional Oncology Devices Market

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[researge]

Global Glass Fiber Reinforced Plastics (GFRP) Market Study 2014 - 2030

Prismane Consulting is pleased to publish its Glass Fiber Reinforced Plastics (GFRP) Market Market Study Report which includes historic and current market situation of Glass Fiber Reinforced Plastics (GFRP) Market across several end-use industries.

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This market study describes the global Glass Fiber Reinforced Plastics (GFRP) Market market, with focus on major countries and their subsequent demand across different applications and sub-applications. The study covers demand-supply analysis for regions including North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific, Middle East and Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Russia, Poland, Turkey, China, Japan, India, South Korea, Thailand, Taiwan, South Africa, and Saudi Arabia. The market is segmented based on end-use which includes Automotive, Aerospace, and others.Glass Fiber Reinforced Plastics (GFRP) Market Production capacity expansions, force majeure, de-bottlenecks, plant shutdowns and new product developments have been considered in the report.

Glass Fiber Reinforced Plastics (GFRP) Market demand patterns are dramatically different between various regions and countries. In the areas with mature economies, demand growth for Glass Fiber Reinforced Plastics (GFRP) Market is expected to fall well below global averages primarily due to the geographic shift of many manufacturing industries to areas of lower labor costs such as China, India, and the ASEAN region.

The primary driver for the growth in demand of Glass Fiber Reinforced Plastics (GFRP) Market in Asia has been the migration of labor-intensive downstream conversion industries from developed high labor cost regions like North America and Western Europe.

Topics Covered

The report covers the following topics:

Glass Fiber Reinforced Plastics (GFRP) Market Market data in term of volume and value for each end-use at regional and country level

Glass Fiber Reinforced Plastics (GFRP) Market Market analysis for production, capacity, demand, supply, trade, and utilization rates at regional and country level

Trade balance and target markets for current situation, new expansions, or new projects

Business opportunity assessment

Macro-economic factors like GDP, population, and world economic integration

Strategic issues and recommendations

Strategic recommendations for vendors, and industry stakeholders

Market analysis and forecasts (short-, mid- and long-term forecast) from 2015 till 2030

Glass Fiber Reinforced Plastics (GFRP) Market Market: Applications Covered

Global Glass Fiber Reinforced Plastics Demand Analysis By Type,

By Applications, (Volume, Value) (2014–2030)

Strategic Issues

Demand Analysis and Forecast (2014 – 2030)

Demand

Demand Growth Rate (%)

Driving Force Analysis

Global Glass Fiber Reinforced Plastics Market, By Type

Polyester

Epoxy

Vinyl Ester

Global Glass Fiber Reinforced Plastics Market, By Application

Automotive

Electrical & Electronics

Building & Construction

Aerospace

Marine

Wind Energy

Others

Glass Fiber Reinforced Plastics (GFRP) MarketMarket: Regions covered

- Asia Pacific

- Eastern Europe

- Central & South America

- Middle East & Africa

- North America

- Western Europe

Key Questions Answered

The Global Glass Fiber Reinforced Plastics (GFRP) Market Market study answers the following key questions:

How big is the Glass Fiber Reinforced Plastics (GFRP) Marketmarket?

How is the Glass Fiber Reinforced Plastics (GFRP) Market market evolving by demand-supply, segment, and region?

What will the Glass Fiber Reinforced Plastics (GFRP) Market market size be in 2030 and at what rate will it grow?

What trends, challenges and barriers are influencing its growth?

Who are the key manufacturers and what are their shares in different region?

What opportunities and target markets exist for Glass Fiber Reinforced Plastics (GFRP) Market

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About Prismane Consulting

Prismane Consulting is a unique consulting and market research firm providing management, economic and technical expertise across the global Chemicals, Petrochemicals, Polymers, Materials and Energy value chain. The company has been advising clients on their key strategic issues solving their toughest and most critical business problems. We have helped some of the fortune 500 companies develop their strategic plans by tracking and interpreting market dynamics.

Prismane consulting has completed several multi-client studies and projects. It offers Market Studies, World Analysis and Strategy Reports related to Refining, Chemicals, Petrochemicals, Plastic & Polymers and Materials. For update on the annual subscription (monthly, quarterly, and annually) on the chemicals industry, please write to sales@prismaneconsulting.com

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Mr. Tejas Shah

Chemicals & Energy, Prismane Consulting

Tel: +91-20-67277711/12

Email: sales@prismaneconsulting.com

[pressnewshour]

Global Glass Fiber Reinforced Plastic (GFRP) Composites Market Is Expected To Register a Notable CAGR Of ~6%

The global glass fiber reinforced plastic (GFRP) composites market is estimated to occupy a large amount of revenue by growing at a CAGR of ~6% during the forecast period, i.e., 2022 – 2031, ascribing to the rising demand for GFRP from electrical & electronics, wind energy and transportation industries. Along with this, high tensile strength and light weight, and rapid surge in urbanization in emerging economies are also expected to accelerate the growth of the market in the forthcoming years.

The market is segmented by type, resin type and manufacturing process. Based on resin type, the polyester segment is anticipated to acquire the largest share during the forecast period on the back of superior corrosion resistance, and high-performance properties of this type of resin. Additionally, by manufacturing process, the compression & injection molding segment is projected to grab the largest share over the forecast period attributing to the low scrap rate, fast cycle time and less mold-clamping pressure offered by this process.

Geographically, the global glass fiber reinforced plastic (GFRP) composites market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the increasing number of residential construction projects, and high levels of urbanization in the region. Moreover, the market in Asia Pacific is assessed to witness noteworthy growth in the future owing to the growing consumption of GFRP composites in construction, electronics and wind energy industries in the region.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Rising Demand for the Product from Developing Nations to Bolster Market Growth

Rapidly growing oil & gas, chemicals and sewage industries in emerging economies of Asia Pacific and Latin America regions is predicted to drive the demand for GFRP pipes in the coming years. Along with this, high rate of urbanization in developing nations is also raising the demand for water management, which in turn is also evaluated to drive significant market growth in the near future.

However, high cost of the material is expected to operate as key restraint to the growth of the global glass fiber reinforced plastic (GFRP) composites market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global glass fiber reinforced plastic (GFRP) composites market which includes company profiling of Jushi Group, Owens Corning, PPG Industries, Inc., AGY Holding Corporation, Compagnie de Saint-Gobain S.A., Asahi Fiber Glass Co., Ltd., Nippon Sheet Glass Co., Ltd., Polycomp International Corporation, Chomarat Group, Nitto Boseki Co. Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global glass fiber reinforced plastic (GFRP) composites market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.    

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[industryarcresearch]

Composite Materials Market - Forecast(2022 - 2027)

Composite materials are materials made up of leastwise two substances. Their integration formulates a new product with specific properties and at the same time the amalgamating individual components retain their identities as well. Some of the commonly manufactured composite materials are composite construction materials (concrete), reinforced plastics like FRPs, metal, and ceramic composites. Due to their distinctive properties such as rigidity with high strength to weight ratio, high resistance to chemical and weather, stiffness and corrosion resistance, and compliance with the modern era trends such as ‘lightweighting strong materials,’ it has scored tremendous scope of application in several flourishing sectors including aerospace, construction, wind energy, and automotive. With all its major employers holding a substantial share in modern economy, composite material market is valued at around $26 billion as of 2018. The analyst of this business intelligence report has tracked this arcade to progressing at a global CAGR of around 6% during the forecast period 2019-2025.

Composite Materials Market Outlook:

Today, more than half of the world’s population lives in urban areas. The United Nations forecasts that by 2050, an additional 2.6 billion people will be living in cities, with most of them located in developing countries[1]. Increase in disposable income has liberated consumers to afford better infrastructures with aesthetic feasibility and strength security as well. Aesthetically appeasing glass frontages or arched and suspended structures and skyscrapers are filling the modern infrastructural setting. Traditional building materials such as wood and steel often fail to meet the modern construction objectives hence creating room for composite materials application. As per the World Economic Forum, China in 2017 witnessed the construction of 144 skyscrapers of more than 200 meters, including 15 structures that tower above 300 meters[2]. Similar is the scenario in North America as well, catering to the United States economic prosperity. Concrete, a ceramic matrix composites, and glass fiber reinforced polymer (GFRP) are the most commonly employed composite material in the modern construction sector. Construction sector is nominated as the most dominant end-user of composite materials market with an application CAGR of around 7% going through 2025.

Modern automobile sector is being constantly confronted by ecological norms in the context of carbon emission. Thus the automobile sector is one of the major employer of composite materials to reduce fuel efficiency by reducing mass of the vehicle. Other motives of application include, improvisation of safety and crashworthiness and enhance styling to provide aerodynamic design. As per the European Automobile Manufacturers Association, 98.9 million motor vehicles were produced globally in 2017. China witnessed a surge of 3.5% compared to the preceding year, whereas the global increment rate recorded by OICA was only 2.36%[3]. Polymer Matrix Composite (PMC), Carbon Fiber Reinforced Plastic (CFRP), Glass Fiber Reinforced Plastic (GFRP), and Natural Fiber Reinforced Plastic (NFRP) are composite materials applied in automotive structural, powertrain, interior and exterior components.

The aforementioned data indicates the global sheer affluence of composite materials market. After an acute analysis of the regional aspects APAC is reckoned to be the leading region, capturing more than 45% of the global composite market demand under its own topography. The dominance can be attributed to its construction and automotive demand augmenting composite materials market.

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Composite Materials Market Growth Drivers and Trends:

One of the major trend supporting the growth of composite materials market is demand for ‘lightweighting’ by all major industries. For example, Japanese automotive giant Toyota is a leader in adopting bio-composites plastics which is accustomed to employ biobased polyesters, biobased PET, and PLA-blends in its manufacturing procedure. Toyota has fixed an objective of substituting 20 percent by weightiness of all petroleum plastics for automotive by bioplastics. The Toyota SAI and Toyota Prius models already feature a number of bioplastic applications such as headliners, sun visors, or floor mats. Up to 60 percent of the interior fabrics are made of biobased polyesters.

Composite Materials Market Players Perspective:

Owen Corning, Solvay, SGL Group and Toray Industries are some of the heavyweights profiled in this business intelligence report. In 2016, Japan’s Toray Industries partnered with Toyota Tsusho to develop a recycled carbon-fibre manufacturing technology. Lightweight properties of carbon-fibre is reflected as an important participant to resolving environmental concerns. Its lightweight properties condense CO2 emissions over the comprehensive lifespan of products in which it is used, so demand for the material is mounting across an extensive range of applications, comprising aircraft and automobile parts.

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Composite Materials Market Research Scope:

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Composite Materials Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the various forms in Composite Materials Market, and their specific applications in different types of industries.

Composite Materials Market Report: Industry Coverage

By Material: Fibre Reinforced Polymers, Resins, Matrices, Others

By application: Aerospace, Construction, Wind Energy, Automotive, Others

By Method: Open Molding & Closed Molding

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The Composite Materials Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

North America: The U.S., Canada, Mexico

South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

Middle East and Africa: Israel, South Africa, Saudi Arabia.

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[chemicalsubstancesworld]

Fiberglass Market Eyeing for Remarkable Growth due to Growing Number of Wind Turbine Installations

APAC to Spearhead Fiberglass Market 

 Description :

Global Fiberglass Market: Information by Type (E-Glass, A-Glass, C-Glass, S-Glass, T-Glass, AR-Glass, D-Glass and Others), Form (Tape, Cloth, Rope and Others), Resin (Polyester, Vinyl Esters, Epoxy, Polyurethanes, PEEK and Others), Application (Composites and Insulation) and Region (North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa)—Forecast till 2027

 Keywords :

Fiberglass, Fiberglass Market, Global Fiberglass Market, Fiberglass Industry, Fiberglass Business, Fiberglass Market Report, Fiberglass Market Analysis, Fiberglass Market Share, Fiberglass Market Size, Fiberglass Market Price, Fiberglass Market Growth, Fiberglass Market Analysis, Fiberglass Market Demand, Fiberglass Market Cast, Fiberglass Market Product

 Fiberglass Market  Analysis 

 The global fiberglass market is predicted to touch USD 20.32 billion at a 9.2% CAGR over the forecast period (2016-2023), in accordance with the latest Market Research Future (MRFR) report. Fiberglass is also popularly known as Glasfaserverstärkter Kunststof (GFK), glass-fiber reinforced plastic (GFRP), glass-reinforced plastic (GRP), or spun glass. It is basically a reinforced plastic material which contains glass fibers. This material is less brittle, strong, and lightweight. A key reason that led to the immense popularity of fiberglass is its ability in getting molded into different complex shapes. Here lies the reason why fiberglass is extensively used in roofing, aircraft, boats, bathtubs, and other applications. 

 Various factors are propelling the fiberglass market growth. These factors, in accordance with the MRFR report, include the wide applications of fiberglass in different end use industries including pharmaceutical, electrical, automotive, construction, and aerospace, growing number of wind turbine installations, growing awareness about renewable energy, and growing demand for lightweight automobiles and aircraft. Fiberglass has a corrosion-resistance property that helps it in withstanding adverse conditions and high temperatures owing to which manufacturers are choosing fiberglass as a key manufacturing component. 

 On the flip side, fluctuating cost of raw materials, the demand-supply gap in raw materials, and the growing number of health and environment concerns are factors that may deter the fiberglass market growth over the forecast period. 

 Fiberglass Market Segmentation 

 The MRFR report provides a complete segmental analysis of the fiberglass market report on the basis of application, printing process, resin, and type. 

 Based on type, the fiberglass market is segmented into D-glass, AR-glass, T-glass, S-glass, A-glass, E-glass, and others. Of these, the S-glass and E-glass will dominate the market over the forecast period. 

 Based on form, the fiberglass market is segmented into rope, cloth, tape, and others. 

 Based on resin, the fiberglass market is segmented into peek, polyurethanes, epoxy, vinyl esters, polyesters, and others. 

 Based on application, the fiberglass market is segmented into insulation and composites. 

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 Fiberglass Market  Regional Analysis

 By region, the fiberglass market report covers the latest trends and growth opportunities across the Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East and Africa (MEA). Of these, the APAC region will spearhead the market over the forecast period. This is owing to the huge demand for fiberglass from different end use industries, including the electrical industry, construction industry, and automotive industry. The rapidly developing countries in the region such as Japan, India, and China are witnessing enormous market demand. Besides, the growing demand for fiberglass from the construction sector in Thailand, Indonesia, and India are also propelling the market growth in this region. 

 The fiberglass market in North America will have the second-largest share in the market over the forecast period. This is owing to the increasing consumption of fiberglass. Moreover, the well-developed economy, high consumption potential, increasing production capacities, and burgeoning demand for fiberglass-based construction materials are also boosting the market growth. 

 The fiberglass market in Europe is predicted to have profitable growth over the forecast period. This is owing to the large consumption of fiberglass in the electrical, construction, and pharmaceutical industry. Moreover, the growing demand for fiberglass in the aerospace and automotive sectors are also pushing market growth. 

 Key Players

 Leading players profiled in the fiberglass market report include W. L. Gore & Associates, Inc (US), Fiber Glass Industries Inc (US), Taishan Fiberglass Inc (China), PFG Fiber Glass Corporation (Taiwan), Taiwan Glass Industry Corporation (Taiwan), Owens Corning (US), PPG Industries Inc. (US), Saint-Gobain Vetrotex (Europe), Jushi Group Co. Ltd (China), and AGY Holding Corp. (US). Key players have incorporated several strategies to strengthen their position in the market such as collaborations, partnerships, expansions, product innovations, and product launches, research and development, mergers and acquisitions, and more. 

 August 2019: Thursday Pools, an Indiana fiberglass pool manufacturer and a leader in design and innovation in the fiberglass pool industry recently received the US Utility Patent for its beach entry fiberglass pool designs. 

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[marketnews2021]

The Global lightweight materials market size is anticipated to reach USD 237.1 billion by 2026, according to a new research published by Polaris Market Research. The report “Lightweight Materials Market Size, Share & Trends Analysis Report by Product (Metal Alloys, Composites, Polymers); By Application (Aerospace, Automotive, Construction, Energy, Aviation); By Region: Market Size and Segment Forecast, 2019 – 2026” provides contemporary market insights and taps future growth trends.

In 2018, the automotive segment dominated the global lightweight materials industry in terms of revenue. In 2018, Asia-Pacific accounted for the majority share in the global Lightweight Materials market. The expanding global automotive industry, along with increasing modernization of vehicles majorly drives the market growth. Increasing use in windmills owing to their improved performance, increased reliability, and higher durability boosts the demand for lightweight materials.

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The adoption of lightweight materials has increased significantly owing to increasing demand from aviation industry, and greater use of lightweight materials in manufacturing of aircraft modules. Other factors driving the growth of this market include growing penetration of electric vehicles, technological advancements, and significant investments in R&D. New emerging markets, and stringent government regulations regarding vehicle efficiency and safety would provide growth opportunities for the market in the coming years.

Magnesium is a major lightweight material used in this market. Magnesium offers the lowest density of all structural metals with the ability to reduce component weight up to 70 percent. Magnesium is used as castings for powertrains or sub-assembly closures. Carbon fiber composites have the potential to reduce vehicle weight by up to 70 percent. They offer high stiffness, strength, and weight savings.

In 2018, Asia-Pacific accounted for the highest share in the global market. Established automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The introduction of stringent government regulations for vehicular and road safety accelerates the adoption of lightweight materials in the region. The economic growth in countries such as China and India, lead to rising living standards and increasing disposable income, supporting the growth of the automotive industry. The increasing demand from construction and aerospace sectors further accelerate the growth of the lightweight materials industry. Expansion of global players into these countries to tap market potential boosts the market growth.

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The well-known companies profiled in the l report include Evonik Industries, Toray Industries Inc., Aleris International, PPG Industries, Inc., Thyssenkrupp AG, ArcelorMittal SA, Hexcel Corporation, Titanium Metals Corporation, Formosa Plastics Group, and Bayer AG among others. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products in the lightweight materials industry to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

Polaris Market research has segmented the lightweight materials market report on the basis of product, end-use and region.

Lightweight Materials Product Outlook (Revenue USD Billions 2015 – 2026)

Metal Alloys

Composites

Polymers

Lightweight Materials End-use Outlook (Revenue USD Billions 2015 – 2026)

Lightweight Materials Regional Outlook (Revenue USD Billions 2015 – 2026)

High Strength Steel

Aluminum

Titanium

Magnesium

Carbon-fiber reinforced plastic (CFRP)

Glass-fiber reinforced plastic (GFRP)

Polycarbonate

Polypropylene

Aerospace

Automotive

Marine

Energy

Construction

Others

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

U.S.

Canada

Germany

UK

France

Italy

China

India

Japan

Brazil

Mexico

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world

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Hot Melt Adhesives Market | Present Scenario, Key Vendors, Industry Share, and Growth Forecast up to 2025 | Henkel AG & Co. KGaA, H. B. Fuller, Sika AG

According to the latest market research report published by Future Market Insights (FMI) titled “Hot Melt Adhesives Market: Global Industry Analysis and Opportunity Assessment 2015-2025“, the hot melt adhesives market is expected to be valued at US$ 5.4 Bn in 2015 and expand at a CAGR of 5.2% from 2015 to 2025, accounting for US$ 8.9 Bn by 2025.

A hot melt adhesive is a thermoplastic glue that is thermally melted on application and attains adhesion strength upon cooling. Hot melt adhesives consist of one or more polymers as well as additives such as stabilizers, pigments and resins, which are carefully blended to exhibit different characteristics from base polymers. Hot melt adhesives are named after polymer bases. Various types of hot melt adhesives include ethylene vinyl acetate, polyolefin, polyamide, styrenic block copolymers, polyester, etc. Hot melt adhesives are used in several industries including packaging, non-woven, automotive, product assembly, textiles, tapes and labels, woodworking, paper bonding, electronics and many more.

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Hot melt adhesives are 100% solid thermoplastic materials without any volatile organic compounds, which makes them safe for use in production, transportation, application and storage. They are also environment friendly and safe for use by humans.  Properties such as higher setting speeds and heat resistance and easy disposal gives hot melt adhesives a competitive advantage over water and solvent based adhesives, and is a major factor driving market growth. The setting speed of hot melt adhesives range between 5 and 30 seconds, enabling speedier production lines as compared to conventional adhesives. In addition, technological advancements in polymer bases are expected to further drive this market. Development of hydrophilic and polyamide hot melt adhesives is also gaining attention in developed countries, thereby driving growth of the hot melt adhesives market.

On the basis of polymer base, the hot melt adhesives market has been segmented into ethylene vinyl acetate, polyolefin, polyamide, styrenic block copolymers and others. The ethylene vinyl acetate segment is anticipated to account for a major share in the hot melt adhesives market by 2025. The polyolefin segment accounts for the highest market share across the globe and is expected to witness the highest CAGR of 6.4% in terms of value, during the forecast period (2015-2025). The styrenic block copolymers and ethylene vinyl acetate based hot melt adhesives are anticipated to grow at a steady rate during the forecast period.

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On the basis of application, the hot melt adhesives market is segmented into packaging, automotive, construction, healthcare products and others. Others include textile, electronics, paper bonding and footwear. The packaging segment is expected to dominate the market with over 35% share in the global market. Consumption of hot melt adhesives in healthcare products is expected to increase rapidly in the near future. Application in healthcare products is expected to witness a CAGR of 5.4% during the forecast period. Increasing awareness pertaining to hygiene coupled with technological advancements in polymer bases, especially for hygiene, is expected to boost demand for hot melt adhesives during the forecast period.

The report provides detailed information about various trends driving each segment and offers insights and analysis about market trends in specific regions. The report also includes an overview of the parent market and key regulations regarding the application of these adhesives. On the basis of region, the market is segmented into seven regions.  North America is expected to dominate the market with over 30% share by the end of 2015. In terms of value, Asia Pacific is anticipated to demonstrate the highest CAGR of over 9% during the forecast period.

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Further, the report presents market opportunities, future outlook, trends, BPS analysis, market attractiveness analysis and competitive landscape of the key players in the hot melt adhesives market. Key players have been profiled to include a company overview, financials, operating segment share, product and service offerings, business strategies, SWOT analysis and key developments.

Key players in the global hot melt adhesives market include Henkel AG & Co. KGaA, H. B. Fuller, Sika AG, Arkema Group, Ashland Inc., The 3M Company, Jowat AG, Sipol S.p.A., Palmetto Adhesives Company and Sealock Ltd.

FMI Latest Insights:

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Glass Fiber Reinforced Plastic (GFRP) Composites Market Forecast, 2014-2020

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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China market share on Composites in Oil and Gas | Trends and Growth Forecast to 2024

Composites in Oil and Gas Market: Overview The oil & gas industry needs to meet certain technical, technological, and economic requirements. This is especially observed in materials employed in construction, which are expected to withstand corrosion, fatigue, and weight. These factors contribute to increased risk and cost of offshore projects. Composites are used due to their unique properties, which make them suitable for demanding applications in the oil & gas industry. They have the advantage of being low in weight, which eliminates the need for large and exorbitant buoyancy tanks. Composites are inexpensive to install, extremely corrosion-resistant, and well-suited to increased operating pressures. Composites are made by matrix combination of different materials. The most commonly used composites are formed by combining epoxy, phenolic, or polymer (polyethylene, poly-vinyl-denefluoride, and polyamide) matrix with glass fibers, carbon fibers, or aramid fibers.

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Composites in Oil and Gas Market: Applications Glass-fiber reinforced polymer (GFRP) composites are used in piping systems for applications such as oil exploration, desalination, chemical plants, fire mains, dredging, and portable water. They enable the piping systems to withstand highly corrosive fluids at various temperatures, pressures, and in adverse weather and soil conditions. Composite grinds/gratings perform better than traditional, metallic grinds/gratings, due to their superior properties under harsh environments in the chemical process industry. They are preferred due to their ability to overcome limitations with respect to weight, corrosion resistance, durability, and lifecycle costs. Composite ladders are stronger than wood or aluminum and they do not rot, corrode, or absorb water. During the construction of a riser (a pipeline that connects the rig of water surface to the well bore at seabed), thermoplastic polymer matrix reinforced with glass or carbon fibers is used. This matrix is wound around its steel reinforcement, which drastically reduces its weight. In some cases, epoxy matrix reinforced with carbon fibers may be used. In the construction of pipe systems for fluid transport and storage tanks, fiberglass composites are used. They are formed by combining polymer matrix (generally, epoxy matrix and vinyl ester matrix) with glass fibers. Tubings are usually produced from GRE pipes or GRE pipes reinforced with carbon steel, which provide resistance to high pressure in down-hole applications.

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Composites in Oil and Gas Market: Trends

There has been major advances in the fields of composite pipe work and fluid handling. Cost-cutting due to composites replacing steel piping in retrofit applications is a major driver for the market. Cost advantage can also be witnessed during the manufacturing process of risers, tubings, and storage and transport systems in offshore platforms when composites are used in place of expensive corrosion-resistant metals. Another important propellant for the market is amplified longevity of new, reliable, safe, and cost-effective construction, which can withstand severe conditions anticipated in an offshore environment.

Composites in Oil and Gas Market: Segmentation

In terms of matrix materials, the composites in oil and gas market can be segmented into six segments: epoxy, phenolic, polymers, glass fibers, carbon fibers, and aramid fibers. Based on product type, the market has been divided into: glass reinforced plastic (GRP), glass reinforced epoxy resin (GRER), glass reinforced vinyl ester (GRVE), and reinforced thermoplastic (RTP). In terms of application, the market has been segmented into: piping systems, grinds/gratings, ladders, flexible tubes, composite risers, and caissons & pull tubes.

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Composites in Oil and Gas Market: Region-wise Outlook

In terms of volume, the U.S. and China are prominent consumers of composites. North America is likely to remain the key region owing to the rising number of natural gas infrastructure projects and growing awareness about advantages of composite materials in the region. The market in the region is expanding also due to the rise in demand for high-performance lightweight materials and new products developed using them.

Composites in Oil and Gas Market: Key Players

Key players operating in the composites in oil and gas market include Creative Composites Ltd., National Composites Center, Pipex Limited, and Solent Composite Systems Ltd., CIP Composites, Magnum Oil Tools, Forum Energy Technologies, GE Oil & Gas, and Magma Global Limited.

Companies in the Composites in Oil and Gas market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.

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Global Unmanned Aerial Vehicle Market (UAV) – Industry Analysis and Forecast (2019-2027)

Global Unmanned Aerial Vehicle Market (UAV) was valued at US$ 20.68 Bn in 2019 and is expected to reach US$ 59.82 Bn by 2027, at a CAGR of 14.20% during a forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

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The objective of the report is to present a comprehensive assessment of the UAV market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding unmanned aerial vehicle market dynamics, structure by identifying and analyzing the market segments and project the global market size.

The report study has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis. Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders prioritizing the efforts and investment in the near future to emerging segments in the unmanned aerial vehicle market.

An Unmanned aerial vehicle (UAV) is a remotely piloted vehicle or aircraft, also termed as ‘Drones’ (Dynamic Remotely Operated Navigation Equipment) that have significant roles in military & Multirotor UAVs, civil & commercial, and homeland security. The UAVs may operate with various degrees of autonomy either under remote control by a human operator or autonomously by onboard computers. UAVs are currently used for combat missions, tactical missions, R&D, and supervision also used for a number of missions, including reconnaissance and attack roles.

Moreover, UAVs are not hampered by the physiological limitations of human pilots, they can be designed for maximized on-station times. In terms of size, large-sized remotely pilot aircraft are powered by internal combustion engines and widely used for tactical missions, while relatively small UAVs are driven by the electric motors, mainly used for military and Multirotor UAVs application, as without combustion, they produce low sound noise and typically found to be more suitable for spy missions.

The UAV Unmanned aerial vehicle is the product or system which is designed or manufactured to meet specific mission requirements, to perform and succeed. The UAV is a rapid, cost-effective solution that meets today’s highest standards. Also, UAVs are most effective than modern aircraft and help eliminate the risk of losing a pilot. Moreover, it is acknowledged that the military operations carried out in Afghanistan and Iraq were successful, due to the ISR contributions made by UAVs.

Major driving factors for the UAV market are cost-effectiveness of UAVs to acquire and operate in comparison to manned aircraft and helicopters, for various military and commercial applications, increasing use of UAVs to carry out advanced patrolling of marine borders, increasing terrorist activities across the globe, increasing demand for highly precise technology, and rapid technological advancements and declining prices.

The major restraining factors for the growth of the global unmanned aerial vehicles are as limited flight range and low range of the UAVs, accident rate of these vehicles, and stringent government regulations regarding the usage of UAVs is also expected to hamper the growth of the market during the forecast period. Global Unmanned Aerial Vehicle Market Segment Analysis:

Based on the UAV type, the market can be segmented into Fixed-Wing UAVs, Multirotor UAVs, Single Rotor UAVs, and Hybrid VTOL UAVs. Fixed-Wing UAVs lead the highest market share during the forecast period and are expected to dominate throughout the forecasted period owing to highly capable, long-endurance, reliable and affordable with short lead times and at an affordable price when compared with similar aircraft. Moreover, the relaxation of restrictions imposed on the commercial use of drones is expected to drive the growth of the market for fixed-wing small drones. Fixed-Wing UAVs are usually only available to military clients.

In terms of application, increasing use of UAVs in commercial and military applications is one of the major factors projected to drive the growth of the UAV market. Properties of small UAVs such as portability, high efficiency, and low operating costs have fuelled the use of small drones in civil & commercial applications. Based on the scale, Small UAVs account for the largest share in the UAVs Market as Fixed-Wing UAVs demand has increased in the forecasted period which is under the small scale. The demand for small UAVs from the commercial sector is rapidly increasing, as these UAVs are used in search & rescue operations, fire fighting, law enforcement, agriculture, wildlife survey, photography, and disaster management.

Based on the System, the UAV Payloads system is anticipated to drive the growth of the market during the forecast period which can be attributed to the increasing use of small UAVs with advanced payloads used for armed applications such as ISR, monitoring.

Based on mode of operation, Remotely Operated UAVs hold the largest share in the market owing to use for border patrol security using the software to fly the planes, there is no need for the capable pilot to fly it, in the long run. Based on the range, Visual Line of Sight (VLOS) is expected to hold the market in the foreseen period. The limitation to Visual Line of Sight (VLOS) is part of the reason to dominate the market. Global Unmanned Aerial Vehicle Market Regional Analysis:

Geographically, North America dominated the highest share of the UAVs market during the forecasted period. It is the largest operator of UAVs worldwide, and the U.S. Army is the single largest buyer of UAVs globally. Nevertheless, due to the cuts in Multirotor UAV sense budgets across this region, the region is expected to witness steady growth in the unmanned aerial vehicles market during the forecast period. MEA is projected to witness major growth in the unmanned aerial vehicles market in the forecast period. Global Unmanned Aerial Vehicle Market (UAV), Key Highlights:

• Global Unmanned Aerial Vehicle Market (UAV) analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Unmanned Aerial Vehicle Market (UAV)

• Global Unmanned Aerial Vehicle Market (UAV) segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Unmanned Aerial Vehicle Market (UAV) strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Unmanned Aerial Vehicle Market (UAV) analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Unmanned Aerial Vehicle Market (UAV) are also profiled.

The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.

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Scope of the Global Unmanned Aerial Vehicle Market (UAV): Inquire before buying

Global Unmanned Aerial Vehicle Market (UAV), by UAV Type:

• Fixed-Wing UAVs • Multirotor UAVs • Single Rotor UAVs • Hybrid VTOL UAVs Global Unmanned Aerial Vehicle Market (UAV), by Application:

• Military o Intelligence, Surveillance, and Reconnaissance (ISR) o Combat Operations o Battle Damage Management • Civil & Commercial o Precision Agriculture o Remote Sensing o Inspection Monitoring o Photography & Film Production o Surveying and Mapping o Product Delivery o Wildlife Research & Preservation o Scientific Research o Media Coverage • Homeland Security o Border Management o Traffic Monitoring o Fire Fighting & Disaster Management o Search & Rescue o Law Enforcement o Maritime Security • Consumer o Prosumer o Hobbyist/DIY Global Unmanned Aerial Vehicle Market (UAV), by Class:

• Small UAVs o Nano UAVs o Micro UAVs o Mini UAVs • Tactical UAVs o Close Range (CR) UAVs o Short Range (SR) UAVs o Medium Range (MR) UAVs o Medium-Range Endurance (MRE) UAVs o Low Altitude Deep Penetration (LADP) UAVs o Low Altitude Long Endurance (LALE) UAVs • Strategic UAVs o MALE o HALE • Special Purpose UAVs o UCAVs o Loitering UAVs o Swarm Drones o Lethal UAVs o Decoy UAVs o Stratospheric UAVs o Exo-Stratospheric UAVs Global Unmanned Aerial Vehicle Market (UAV), by System:

• UAV Platforms, By Subsystem o UAV Airframe, By Material Type  UAV Alloys  UAV Plastics  UAV Composites, By Composite Type • Carbon Fiber Reinforced Polymer (CFRP) • Glass Fiber Reinforced Polymer (GFRP) • Boron Fiber Reinforced Polymer (BFRP) • Aramid Fiber Reinforced Polymer (AFRP) o UAV Avionics  UAV Flight Control Systems, By Subcomponent • UAV Air Data Computers • UAV Flight Control Computers/UAV Autopilots  UAV Navigation Systems, By Subcomponent • UAV GPS/GNSS • UAV INS/IMU • UAV Sense & Avoid Systems  UAV Sensors, By Type • Speed Sensors • Light Sensors • Proximity Sensors • Position Sensors • Temperature Sensors  UAV Communication Systems  Others • UAV Payloads, By Type o UAV Cameras, By Type  High-Resolution Cameras  Multispectral Cameras  Hyperspectral Cameras  Thermal Cameras  EO/IR Cameras o UAV CBRN Sensors o UAV Intelligence Payloads, By Type  Signal Intelligence (SIGINT)  Electronic Intelligence (ELINT)  Communication Intelligence (COMINT)  Telemetry Intelligence (TELINT) o UAV Radar, By Type  Synthetic Aperture Radar (SAR)  Active Electronically Scanned Array (AESA) Radar o UAV LiDAR o UAV Gimbals o Others • UAV Data Links • UAV Ground Control Stations • UAV Launch and Recovery Systems Global Unmanned Aerial Vehicle Market (UAV), by MTOW:

 <25 Kilograms  25-150 Kilograms  >150 Kilograms Global Unmanned Aerial Vehicle Market (UAV), by Mode of Operation:

 Remotely Operated UAVs  Semi-Autonomous UAVs  Fully-Autonomous UAVs Global Unmanned Aerial Vehicle Market (UAV), by Range:

 Visual Line of Sight (VLOS)  Extended Visual Line of Sight (EVLOS)  Beyond Line of Sight (BLOS) Global Unmanned Aerial Vehicle Market (UAV), by Point of Sale:

 OEM  Aftermarket Global Unmanned Aerial Vehicle (UAV) Market, by Region

 North America  Europe  Middle East & Africa  Asia-Pacific  South America Global Unmanned Aerial Vehicle Market (UAV) Key Player

• 3D Robotics Inc • Aeronautics Ltd • Aerovironment Inc • Bae Systems • Elbit Systems Ltd • General Atomics Aeronautical Systems Inc (Ga-Asi) • Israel Aerospace Industries Ltd • Lockheed Martin Corporation • Northrop Grumman Corporation • Parrot Sa • Saab Ab • Sz Dji Technology Co Ltd • Textron Inc. • Thales Group • The Boeing Company • Aeryon Labs • ZALA Aero • Mikoyan • CybAero • IAI Searcher • Al Fajer L-10

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About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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FRP Vessels Market by Fiber (Glass, Carbon, Others), Resin (Polyester, Resin, Others), Application (Automotive & Transportation, Water and Wastewater, Chemical, Industrial, Oil & Gas, Others), and Region - Global Forecast to 2025 published on

https://www.sandlerresearch.org/frp-vessels-market-by-fiber-glass-carbon-others-resin-polyester-resin-others-application-automotive-transportation-water-and-wastewater-chemical-industrial-oil-gas-others-and-reg.html

FRP Vessels Market by Fiber (Glass, Carbon, Others), Resin (Polyester, Resin, Others), Application (Automotive & Transportation, Water and Wastewater, Chemical, Industrial, Oil & Gas, Others), and Region - Global Forecast to 2025

“The FRP vessels market is projected to register a CAGR of 8.0% during the forecast period.”

The global FRP vessels market size is projected to grow from USD 3.3 billion in 2020 to USD 4.7 billion by 2025, at a compound annual growth rate (CAGR) of 8.0% between 2020 and 2025.  FRP vessels are durable, cheaper, and most importantly lightweight. It is used in various applications in the automotive & transportation, water and wastewater, oil & gas, chemicals, industrial, among others. FRP vessels can be majorly classified into fiber type, depending on the material used during manufacturing. However, the negative impact of the COVID-19 pandemic on the automotive industry has affected the FRP vessels market adversely.

“Glass fiber is the fastest-growing segment, in terms of value in the FRP vessels market in terms of both value and volume.”

Glass fiber is projected to register the highest CAGR in terms of value between 2020 and 2025. Glass fiber accounts for the largest share of the overall market. In glass fiber composites (GFRP), a number of tiny glass fibers are compiled together and held rigidly in place by a plastic polymer resin. The common plastic resins used in composites include epoxy, vinyl ester, polyester, polyurethane, and polypropylene. Owing to its superior physical and mechanical properties such as strength, durability, flexibility, stability, lightweight, and resistance to heat, temperature, and moisture, glass fiber is used in construction & infrastructure, wind energy, pipe & vessels, marine, and transportation industries. Carbon fiber-reinforced FRP vessels are high-cost material used in high-end applications such as aerospace, industrial parts, and sporting goods as they are stronger and more lightweight.

“Polyester resin is the largest resin type of FRP vessels in terms of value and volume.”

Various resins (polyester, epoxy, others) are used in manufacturing of FRP vessels. the polyester resin based FRP vessels accounted for 58%, in terms of volume, of the overall market in 2019. Over the last five years, the demand from industrial and water applications is increasing due to new chemical facilities, horizontal drilling in shale fields, and stringent government regulations, especially in North America. With the growing automotive & transportation industry, the usage of epoxy resin for making strong FRP vessels is also expected to rise in the near future.

“Water & wastewater is the largest application of FRP vessels in terms of both value and volume.”

The water & wastewater application is the biggest application in the FRP vessels market. Composite vessels are used in potable water storage and wastewater storage. Wastewater contains feces, urine, and other solid waste in different concentrations having different densities, particle sizes, and hardness; these particles damage the tanks from within. Traditional tanks made up of steel corrode quickly and break due to the nature of the waste they carry. Metal tanks in the sewage system are now being replaced by FRP vessels.

“APAC is the leading FRP vessels market in terms of both value and volume.”

The growth of the FRP vessels market in APAC is driven by the increasing consumption in chemicals, water & wastewater, automotive & transportation, and oil & gas applications. This growing consumption is attributed to the high industrial growth in countries such as China, Japan, and South Korea. China has become the largest consumer of FRP vessels in the automobile sector and is expected to strengthen its position further. The focus of the Chinese government on reducing air pollution by promoting the use of natural gas vehicles is driving the growth of the FRP vessels market. Governments of APAC countries are focusing on increasing the use of alternative fuels and reducing emissions in cities, which is expected to help grow the FRP vessels market in the region. Natural gas plays a significant role in APAC as it is a cleaner as well as an economical source of energy compared to gasoline, diesel, or other fuels.

This study has been validated through primary interviews conducted with various industry experts globally. These primary sources have been divided into the following three categories:

By Company Type– Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%

By Designation– C Level- 50%, Director Level- 20, and Others- 30%

By Region– North America- 50%, Europe- 20%, Asia Pacific (APAC) – 20%, Latin America-5%, Middle East & Africa (MEA)-10%,

The report provides a comprehensive analysis of company profiles listed below:

Hexagon Composites ASA (Norway),

Luxfer Group (England),

Worthington Industries, Inc. (US),

Everest Kanto Cylinders Ltd. (India),

Quantum Fuel Systems LLC. (US),

Faber Industrie SpA (Italy),

Avanco Group (Germany),

 ZCL Composites Inc. (Canada),

Denali Incorporated (US), and

Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd. (China)

Research Coverage

This report covers the global FRP vessels market and forecasts the market size until 2025. It includes the following market segmentation – fiber (glass, carbon, others), resin (polyester, epoxy, others), application (automotive & transportation, water & wastewater, industrial, chemicals, others), and Region (Europe, North America, APAC, Latin America, and MEA). Porter’s Five Forces Analysis, along with the drivers, restraints, opportunities, and challenges, have been discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global FRP vessels market.

Key benefits of buying the report:

The report is expected to help market leaders/new entrants in this market in the following ways:

This report segments the global FRP vessels market comprehensively. It provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.

The report helps stakeholders understand the pulse of the FRP vessels market and provides them with information on key market drivers, restraints, challenges, and opportunities.

This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, contract, expansion and acquisition.

Reasons to buy the report:

The report will help leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall FRP vessels market and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

[omgsampada]

The Global lightweight materials market size is anticipated to reach USD 237.1 billion by 2026, according to a new research published by Polaris Market Research. The report “Lightweight Materials Market Size, Share & Trends Analysis Report by Product (Metal Alloys, Composites, Polymers); By Application (Aerospace, Automotive, Construction, Energy, Aviation); By Region: Market Size and Segment Forecast, 2019 – 2026” provides contemporary market insights and taps future growth trends.

In 2018, the automotive segment dominated the global lightweight materials industry in terms of revenue. In 2018, Asia-Pacific accounted for the majority share in the global Lightweight Materials market. The expanding global automotive industry, along with increasing modernization of vehicles majorly drives the market growth. Increasing use in windmills owing to their improved performance, increased reliability, and higher durability boosts the demand for lightweight materials.

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The adoption of lightweight materials has increased significantly owing to increasing demand from aviation industry, and greater use of lightweight materials in manufacturing of aircraft modules. Other factors driving the growth of this market include growing penetration of electric vehicles, technological advancements, and significant investments in R&D. New emerging markets, and stringent government regulations regarding vehicle efficiency and safety would provide growth opportunities for the market in the coming years.

Magnesium is a major lightweight material used in this market. Magnesium offers the lowest density of all structural metals with the ability to reduce component weight up to 70 percent. Magnesium is used as castings for powertrains or sub-assembly closures. Carbon fiber composites have the potential to reduce vehicle weight by up to 70 percent. They offer high stiffness, strength, and weight savings.

In 2018, Asia-Pacific accounted for the highest share in the global market. Established automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The introduction of stringent government regulations for vehicular and road safety accelerates the adoption of lightweight materials in the region. The economic growth in countries such as China and India, lead to rising living standards and increasing disposable income, supporting the growth of the automotive industry. The increasing demand from construction and aerospace sectors further accelerate the growth of the lightweight materials industry. Expansion of global players into these countries to tap market potential boosts the market growth.

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The well-known companies profiled in the l report include Evonik Industries, Toray Industries Inc., Aleris International, PPG Industries, Inc., Thyssenkrupp AG, ArcelorMittal SA, Hexcel Corporation, Titanium Metals Corporation, Formosa Plastics Group, and Bayer AG among others. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products in the lightweight materials industry to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

Polaris Market research has segmented the lightweight materials market report on the basis of product, end-use and region. 

 Lightweight Materials Product Outlook (Revenue USD Billions 2015 – 2026)

Metal Alloys

High Strength Steel

Aluminum

Titanium

Magnesium

Composites

Carbon-fiber reinforced plastic (CFRP)

Glass-fiber reinforced plastic (GFRP)

Polymers

Polycarbonate

Polypropylene

Lightweight Materials End-use Outlook (Revenue USD Billions 2015 – 2026)

Aerospace

Automotive

Marine

Energy

Construction

Others

Lightweight Materials Regional Outlook (Revenue USD Billions 2015 – 2026)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Asia-Pacific

China

India

Japan

Latin America

Brazil

Mexico

Middle East & Africa

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Global Aramid Fiber Market Size, Share, Application, Segment, Analysis, Regional Outlook, Growth Strategies and Forecasts, 2019-2026

The global aramid fiber market is expected to witness a higher CAGR during the forecast period, 2019 to 2026. Increase in use of aramid fibers for security measures in protective clothing for industrial domain triggers the market growth during the forecast period.

Fiber reinforced plastic is widely deployed for concrete structure due to its anti-corrosion and high insulation properties. The commonly used fiber types are carbon fiber reinforced plastic (CFRP), glass fiber reinforced plastic (GFRP) and aramid fiber reinforced plastic (AFRP). As CFRP and GFRP show high resistance to alkali, AFRP poses as one of the best component for concrete structures.

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Aramid fibers have naturally occurring mechanical properties unlike synthetic fibers. The use of aramid fibers are subject to structure composites in automobile, marine and aircrafts. Going forward, it can also be used as bullet proof vests and in oil rigs. Since it possesses excellent mechanical properties other than steel and glass fiber it also maintains these properties at a high temperature since it exhibits heat and flame resistance. Para-aramid and meta-aramid are the two types. The former is used for a wide variety of reinforcements owing to high-tenacity. For instance, it is used for fishing rod, floor and wall composites for air planes. The latter type exhibits superior heat resistance and is highly flame retardant. Meta aramid fibers offer a long term retention of mechanical properties at high temperatures (as stated above) over commercial fibers and are widely available in a variety of forms such as car racing suit, uniform for high temperature and hazardous work conditions.

The chemical properties of aramid fiber encompasses high stiffness, stress rupture, great tensile strength, resistance to impact, shock and high temperature, exhibits low density and possesses non-conductive electrical property. On contrary, disadvantages exists such as poor compressive strength, low permeability and shows high sensitiveness to UV light when exposed.

Significance of personal protective equipment in manufacturing industries and mining is likely to induce the aramid fiber market. A protective clothing ensures safety and encourages the protective measures in hazardous work environment which demands for a robust and excellent protective wear. Rise in industrial casualties resulting out of accidents and hazards influences the market growth throughout the forecast timespan.

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A major trend observed in 2018 was the dominance of defense and aerospace sector which is expected to remain consistent throughout the forecast period. On the other hand, restraints such as low accountability in case of UV exposure and irregularity in demand in developed countries is likely to confine the market growth.

Product segmentation for aramid fiber market involves para-aramid and meta-aramid. Para-aramid segment leads the market market in 2018 owing to rise in popularity for various applications such as protective gloves, ballistic protection and hose reinforcement.

Application category is categorized into security & protection, frictional materials, and optical fibers. The security & protection segment is anticipated to lead the market owing to high preference for aramid fibers in the industrial domain. Optical fiber category is expected to maintain a steady growth to reveal growth opportunities in the near future.

Geographical segmentation for aramid fiber market market comprises North America, South America, Europe, Asia Pacific, Middle East and Africa. Europe accounts for a significant market share during the forecast period owing to rising demand from Western Europe. Safety regulations prevalent for end-use encourages the use of protective clothing is likely to trigger the demand for aramid fiber.

Asia Pacific market is likely to witness a steady growth owing to rise in need for safety and protective clothing in industrial domain. Aramid fiber is an excellent substitute to asbestos are some of the dominant factors triggering the market demand in this region. In addition, presence of a wide industrial corridor is expected to catalyze the market growth throughout the forecast period.

Some of the key players in the aramid fiber market are E.I. Du Pont De Nemours and Company, Hyosung Corporation, Toray Chemicals South Korea Inc., China National Bluestar Co., Ltd., SRO Aramid Co Ltd., Yantai Tayho Advanced Materials Co Ltd . Mergers and acquisitions, and strategic collaborations are some of the key strategies adopted by major vendors in order to expand their business portfolio.

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Fiberglass Market Eyeing for Remarkable Growth due to Growing Number of Wind Turbine Installations

APAC to Spearhead Fiberglass Market 

 Description :

Global Fiberglass Market: Information by Type (E-Glass, A-Glass, C-Glass, S-Glass, T-Glass, AR-Glass, D-Glass and Others), Form (Tape, Cloth, Rope and Others), Resin (Polyester, Vinyl Esters, Epoxy, Polyurethanes, PEEK and Others), Application (Composites and Insulation) and Region (North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa)—Forecast till 2027

 Keywords :

Fiberglass, Fiberglass Market, Global Fiberglass Market, Fiberglass Industry, Fiberglass Business, Fiberglass Market Report, Fiberglass Market Analysis, Fiberglass Market Share, Fiberglass Market Size, Fiberglass Market Price, Fiberglass Market Growth, Fiberglass Market Analysis, Fiberglass Market Demand, Fiberglass Market Cast, Fiberglass Market Product

 Fiberglass Market  Analysis :

The global fiberglass market is predicted to touch USD 20.32 billion at a 9.2% CAGR over the forecast period (2016-2023), in accordance with the latest Market Research Future (MRFR) report. Fiberglass is also popularly known as Glasfaserverstärkter Kunststof (GFK), glass-fiber reinforced plastic (GFRP), glass-reinforced plastic (GRP), or spun glass. It is basically a reinforced plastic material which contains glass fibers. This material is less brittle, strong, and lightweight. A key reason that led to the immense popularity of fiberglass is its ability in getting molded into different complex shapes. Here lies the reason why fiberglass is extensively used in roofing, aircraft, boats, bathtubs, and other applications. 

 Various factors are propelling the fiberglass market growth. These factors, in accordance with the MRFR report, include the wide applications of fiberglass in different end use industries including pharmaceutical, electrical, automotive, construction, and aerospace, growing number of wind turbine installations, growing awareness about renewable energy, and growing demand for lightweight automobiles and aircraft. Fiberglass has a corrosion-resistance property that helps it in withstanding adverse conditions and high temperatures owing to which manufacturers are choosing fiberglass as a key manufacturing component. 

 On the flip side, fluctuating cost of raw materials, the demand-supply gap in raw materials, and the growing number of health and environment concerns are factors that may deter the fiberglass market growth over the forecast period. 

 Fiberglass Market Segmentation 

 The MRFR report provides a complete segmental analysis of the fiberglass market report on the basis of application, printing process, resin, and type. 

 Based on type, the fiberglass market is segmented into D-glass, AR-glass, T-glass, S-glass, A-glass, E-glass, and others. Of these, the S-glass and E-glass will dominate the market over the forecast period. 

 Based on form, the fiberglass market is segmented into rope, cloth, tape, and others. 

 Based on resin, the fiberglass market is segmented into peek, polyurethanes, epoxy, vinyl esters, polyesters, and others. 

 Based on application, the fiberglass market is segmented into insulation and composites. 

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 Fiberglass Market  Regional Analysis

 By region, the fiberglass market report covers the latest trends and growth opportunities across the Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East and Africa (MEA). Of these, the APAC region will spearhead the market over the forecast period. This is owing to the huge demand for fiberglass from different end use industries, including the electrical industry, construction industry, and automotive industry. The rapidly developing countries in the region such as Japan, India, and China are witnessing enormous market demand. Besides, the growing demand for fiberglass from the construction sector in Thailand, Indonesia, and India are also propelling the market growth in this region. 

 The fiberglass market in North America will have the second-largest share in the market over the forecast period. This is owing to the increasing consumption of fiberglass. Moreover, the well-developed economy, high consumption potential, increasing production capacities, and burgeoning demand for fiberglass-based construction materials are also boosting the market growth. 

 The fiberglass market in Europe is predicted to have profitable growth over the forecast period. This is owing to the large consumption of fiberglass in the electrical, construction, and pharmaceutical industry. Moreover, the growing demand for fiberglass in the aerospace and automotive sectors are also pushing market growth. 

 Key Players

 Leading players profiled in the fiberglass market report include W. L. Gore & Associates, Inc (US), Fiber Glass Industries Inc (US), Taishan Fiberglass Inc (China), PFG Fiber Glass Corporation (Taiwan), Taiwan Glass Industry Corporation (Taiwan), Owens Corning (US), PPG Industries Inc. (US), Saint-Gobain Vetrotex (Europe), Jushi Group Co. Ltd (China), and AGY Holding Corp. (US). Key players have incorporated several strategies to strengthen their position in the market such as collaborations, partnerships, expansions, product innovations, and product launches, research and development, mergers and acquisitions, and more. 

 August 2019: Thursday Pools, an Indiana fiberglass pool manufacturer and a leader in design and innovation in the fiberglass pool industry recently received the US Utility Patent for its beach entry fiberglass pool designs. 

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Global Glass Fiber Reinforced Plastic (GFRP) Market research report published by Market Research Future sharing details on Market Analysis, new Technology, Scope, Stake, Progress, Trends and Forecast up to 2023. Global Glass Fiber Reinforced Plastic (GFRP) Market research report spread across 139 Pages consist 33 Tables and 12 Figures also include Top 10 Global key players that sharing latest types, technology, application by 2023.

Glass Fiber Reinforced Plastic (GFRP) Market- Intended Audience 2023

·         GFRP Manufacturers

·         Traders and Distributors of GFRP

·         Production Process Industries

·         Potential Investors

·         Raw Material Suppliers

·         Nationalized Laboratory