This report was recently updated on April 12 2024 with the latest and most recent
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Global Laminated Fiber Reinforced Plastic Market Size, Trends & Analysis - Forecasts to 2026 By Material (Glass, Polyester Resin), By Application (Automotive, Aerospace, Energy, Construction, Sporting Equipment), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); Application Landscape, Company Market Share Analysis, and Competitor Analysis
Technical advances such as high strength and stiffness to weight ratio along with excellent vibration & buckling characteristics have positively stimulated the Laminated Fiber Reinforced Plastic Market growth. An increase in demand for improved materials in the automotive, aerospace, energy, and construction sector to achieve long-term benefits will penetrate product applicability in these sectors.
With the advent of the smart material concept, FRP composites, sheets, and panels have witnessed enormous popularity in the industrial sector. Properties including but not limited to higher strength, light weight, optimum stiffness, ease inprocessing, and corrosion resistance have influenced Laminated Fiber ReinforcedPlastic adoption in commercial activities. Also, the capability to produce theFRP based products with lesser components at an economical cost as compared to conventional materials will create product penetration.
The Laminated Fiber Reinforced Plastic composites consist of various material layers mixed with matrix and fiber. The layers may consist of similar or different properties with diversified fiber orientation. Advancement in production techniques and technology may result in more opportunistic high-end applications.
The Laminated FRP sheets are made with polyester resin and glass fibers. These products are best complemented with the requirement for non-slip quartz surfaces and are flexible to shape as per the industry requirement. Gray is the standardized color but the sheets can be colored as per the client requirement.
Corrosion is among the key concerns in the manufacturing of industrial equipment. Annually, a huge amount of expenditure is done to preserve the equipment from corrosion. In today’s scenario engineers find it difficult to eradicate corrosion from complex design equipment. Thus, FRP composites came in as a best-suited replacement of conventional materials. These are light weight, flexible and anti corrosive composites. Piping, tanks, duct making, and reaction vessels are key areas where the costly metals are replaced with these sustainable materials.
Vacuum infusion and pultrusion are major manufacturing processes involved in Laminated Fiber Reinforced Plastic production. These composites have potential energy conservation properties which help in dismissing emissions when applied in the aerospace and automotive industries. Besides, architects and contractors also prefer these materials over wood and metal due to their advanced properties.
Glass and polyester resin are two key identified materials involved in the manufacturing of Laminated Fiber Reinforced Plastic composites. These materials are non-magnetic and non-conductive which makes them ideal for industrial applications where non-slip surfaces are required. An increase in the trend for lightweight, corrosion-resistant, and stiff materials will drive demand for the polyester resin FRP market.
The glass is preferred for its exceptional mechanical strength which is highly required in the automotive and aerospace industry. On the other hand, polyester resin is widely accepted due to its elastic properties. Polyester offers excellent flexibility and corrosion resistance.
Automotive, aerospace, energy, construction, and sporting equipment are key applications in the Laminated Fiber Reinforced Plastic industry. Automotive industry expansion along with rising demand for advanced materials in the manufacturing of major components will drive the product demand in this application. Aerospace also holds huge potential due to the increasing preference for anti corrosive and non slippery materials.
Laminated FRP is high in demand where strong & advanced materials are required. Chemical processing equipment, metal refining, and wind farms are other major areas where these composites hold high potential applicability. In construction, these materials offer flexibility, light weightness, and non-conductivity which makes the material highly efficient for commercial and residential buildings.
The North America Laminated Fiber Reinforced Plastic Market will observe the highest gains in the coming years. Expansion in the automotive and aerospace industry accompanied by increased government intervention to reduce carbon emission will drive the regional industry growth. Rising demand for superior quality and high-performance materials for recreational vehicles, trucks & trailers, and aircrafts will positively influence the product penetration.
Asia Pacific Laminated Fiber Reinforced Plastic Industry growth is likely to be influenced by the significant growth in the construction and energy sector. Better product applicability at relatively lower cost along with improved material performance in equipment and building materials has stimulated the demand.
Laminated Fiber Reinforced Plastic Market share is competitive in nature. The industry holds plenty of opportunities that will boost existing material providers to invest in research & development in FRP composites.
Crane Composites Inc., Glasteel Inc., U.S. Liner Company (Uslco), Brianza Plastica SPA, Optiplan GmbH, Polser Fiberglass Reinforced Plastics Inc., Panolam Surface Systems, Lamilux Heinrich Strunz Group, Vetroresina SPA, DongguangHigoal FRP Corporation, Kemrock Industries And Exports Limited, Aeron Composite Pvt. Ltd., Composites USA, and Chemposites Inc.are key identified industryparticipants.
Please note: This is not an exhaustive list of companies profiled in the report.
Other market players include but not limited to Fibregrate, Carlson, PPG Industries, Inc., Xinyi Automobile Glass Co. Ltd., Asahi Glass Co. Ltd., Nippon Sheet Glass, Saint-Gobain, Guardian Industries, Hanwha Q CELLS, Borosil Glass Works Ltd.,GSC Glass Ltd., and Duratuf Glass Industries Pvt. Ltd.
Report Content
Chapter 1 Methodology
1.1 Market scope & definitions
1.2 Estimates & forecast calculation
1.3 Historical data overview and validation
1.4 Data sources
1.4.1 Secondary
1.4.2 Primary
Chapter 2 Report Outlook
2.1 Laminated Fiber Reinforced Plastic industry overview, 2016-2026
2.1.1 Industry overview
2.1.2 Material overview
2.1.3 Application overview
2.1.4 Regional overview
Chapter Laminated Fiber Reinforced Plastic Market Trends
3.1 Market segmentation
3.2 Industry background, 2016-2026
3.3 Market key trends
3.3.1 Positive trends
3.3.2 Industry challenges
3.4 Prospective growth scenario
3.4.1 Material growth scenario
3.4.2 Application growth scenario
3.5 COVID-19 influence over industry growth
3.6 Porter’s analysis
3.7 PESTEL analysis
3.8 Value chain & supply chain analysis
3.9 Regulatory framework
3.9.1 North America
3.9.2 Europe
3.9.3 APAC
3.9.4 LATAM
3.9.5 MEA
3.10 Product innovation
3.11 Market share analysis, 2020
3.11.1 Company positioning overview, 2020
Chapter 4 Laminated Fiber Reinforced Plastic Market, By Material
4.1 Material Outlook
4.2 Glass
4.2.1 Market size, by region, 2016-2026 (USD Million)
4.3 Polyester Resin
4.3.1 Market size, by region, 2016-2026 (USD Million)
Chapter 5 Laminated Fiber Reinforced Plastic Market, By Application
5.1 Application Outlook
5.2 Automotive
5.2.1 Market size, by region, 2016-2026 (USD Million)
5.3 Aerospace
5.3.1 Market size, by region, 2016-2026 (USD Million)
5.4 Energy
5.4.1 Market size, by region, 2016-2026 (USD Million)
5.5 Construction
5.5.1 Market size, by region, 2016-2026 (USD Million)
5.6 Sporting Equipment
5.6.1 Market size, by region, 2016-2026 (USD Million)
5.7 Others
5.7.1 Market size, by region, 2016-2026 (USD Million)
Chapter 6 Laminated Fiber Reinforced Plastic, By Region
6.1 Regional outlook
6.2 North America
6.2.1 Market size, by country 2016-2026 (USD Million)
6.2.2 Market size, by material, 2016-2026 (USD Million)
6.2.3 Market size, by application, 2016-2026 (USD Million)
6.2.4 U.S.
6.2.4.1 Market size, by material, 2016-2026 (USD Million)
6.2.4.2 Market size, by application, 2016-2026 (USD Million)
6.2.5 Canada
6.2.5.1 Market size, by material, 2016-2026 (USD Million)
6.2.5.2 Market size, by application, 2016-2026 (USD Million)
6.3 Europe
6.3.1 Market size, by country 2016-2026 (USD Million)
6.3.2 Market size, by material, 2016-2026 (USD Million)
6.3.3 Market size, by application, 2016-2026 (USD Million)
6.3.4 Germany
6.2.4.1 Market size, by material, 2016-2026 (USD Million)
6.2.4.2 Market size, by application, 2016-2026 (USD Million)
6.3.5 UK
6.3.5.1 Market size, by material, 2016-2026 (USD Million)
6.3.5.2 Market size, by application, 2016-2026 (USD Million)
6.3.6 France
6.3.6.1 Market size, by material, 2016-2026 (USD Million)
6.3.6.2 Market size, by application, 2016-2026 (USD Million)
6.3.7 Italy
6.3.7.1 Market size, by material, 2016-2026 (USD Million)
6.3.7.2 Market size, by application, 2016-2026 (USD Million)
6.3.8 Spain
6.3.8.1 Market size, by material, 2016-2026 (USD Million)
6.3.8.2 Market size, by application, 2016-2026 (USD Million)
6.3.9 Russia
6.3.9.1 Market size, by material, 2016-2026 (USD Million)
6.3.9.2 Market size, by application, 2016-2026 (USD Million)
6.4 Asia Pacific
6.4.1 Market size, by country 2016-2026 (USD Million)
6.4.2 Market size, by material, 2016-2026 (USD Million)
6.4.3 Market size, by application, 2016-2026 (USD Million)
6.4.4 China
6.4.4.1 Market size, by material, 2016-2026 (USD Million)
6.4.4.2 Market size, by application, 2016-2026 (USD Million)
6.4.5 India
6.4.5.1 Market size, by material, 2016-2026 (USD Million)
6.4.5.2 Market size, by application, 2016-2026 (USD Million)
6.4.6 Japan
6.4.6.1 Market size, by material, 2016-2026 (USD Million)
6.4.6.2 Market size, by application, 2016-2026 (USD Million)
6.4.7 Australia
6.4.7.1 Market size, by material, 2016-2026 (USD Million)
6.4.7.2 Market size, by application, 2016-2026 (USD Million)
6.4.8 South Korea
6.4.8.1 Market size, by material, 2016-2026 (USD Million)
6.4.8.2 Market size, by application, 2016-2026 (USD Million)
6.5 Latin America
6.5.1 Market size, by country 2016-2026 (USD Million)
6.5.2 Market size, by material, 2016-2026 (USD Million)
6.5.3 Market size, by application, 2016-2026 (USD Million)
6.5.4 Brazil
6.5.4.1 Market size, by material, 2016-2026 (USD Million)
6.5.4.2 Market size, by application, 2016-2026 (USD Million)
6.5.5 Mexico
6.5.5.1 Market size, by material, 2016-2026 (USD Million)
6.5.5.2 Market size, by application, 2016-2026 (USD Million)
6.5.6 Argentina
6.5.6.1 Market size, by material, 2016-2026 (USD Million)
6.5.6.2 Market size, by application, 2016-2026 (USD Million)
6.6 MEA
6.6.1 Market size, by country 2016-2026 (USD Million)
6.6.2 Market size, by material, 2016-2026 (USD Million)
6.6.3 Market size, by application, 2016-2026 (USD Million)
6.6.4 Saudi Arabia
6.6.4.1 Market size, by material, 2016-2026 (USD Million)
6.6.4.2 Market size, by application, 2016-2026 (USD Million)
6.6.5 UAE
6.6.5.1 Market size, by material, 2016-2026 (USD Million)
6.6.5.2 Market size, by application, 2016-2026 (USD Million)
6.6.6 South Africa
6.6.6.1 Market size, by material, 2016-2026 (USD Million)
6.6.6.2 Market size, by application, 2016-2026 (USD Million)
Chapter 7 Company Landscape
7.1 Competitive analysis, 2020
7.2 Crane Composites
7.2.1 Company overview
7.2.2 Financial analysis
7.2.3 Strategic positioning
7.2.4 Info graphic analysis
7.3 Glasteel Inc.
7.3.1 Company overview
7.3.2 Financial analysis
7.3.3 Strategic positioning
7.3.4 Info graphic analysis
7.4 U.S. Liner Company (Uslco)
7.4.1 Company overview
7.4.2 Financial analysis
7.4.3 Strategic positioning
7.4.4 Info graphic analysis
7.5 Brianza Plastica SPA
7.5.1 Company overview
7.5.2 Financial analysis
7.5.3 Strategic positioning
7.5.4 Info graphic analysis
7.6 Optiplan GmbH
7.6.1 Company overview
7.6.2 Financial analysis
7.6.3 Strategic positioning
7.6.4 Info graphic analysis
7.7 Polser Fiberglass Reinforced Plastics Inc.
7.7.1 Company overview
7.7.2 Financial analysis
7.7.3 Strategic positioning
7.7.4 Info graphic analysis
7.8 Panolam Surface Systems
7.8.1 Company overview
7.8.2 Financial analysis
7.8.3 Strategic positioning
7.8.4 Info graphic analysis
7.9 Lamilux Heinrich Strunz Group
7.9.1 Company overview
7.9.2 Financial analysis
7.9.3 Strategic positioning
7.9.4 Info graphic analysis
7.10 Vetroresina SPA
7.10.1 Company overview
7.10.2 Financial analysis
7.10.3 Strategic positioning
7.10.4 Info graphic analysis
7.11 Dongguang Higoal FRP Corporation
7.11.1 Company overview
7.11.2 Financial analysis
7.11.3 Strategic positioning
7.11.4 Info graphic analysis
7.12 Kemrock Industries and Exports Limited
7.12.1 Company overview
7.12.2 Financial analysis
7.12.3 Strategic positioning
7.12.4 Info graphic analysis
7.13 Aeron Composite Pvt. Ltd.
7.13.1 Company overview
7.13.2 Financial analysis
7.13.3 Strategic positioning
7.13.4 Info graphic analysis
7.14 Composites USA
7.14.1 Company overview
7.14.2 Financial analysis
7.14.3 Strategic positioning
7.14.4 Info graphic analysis
7.15 Chemposites Inc.
7.15.1 Company overview
7.15.2 Financial analysis
7.15.3 Strategic positioning
7.15.4 Info graphic analysis
7.16 Fibregrate
7.16.1 Company overview
7.16.2 Financial analysis
7.16.3 Strategic positioning
7.16.4 Info graphic analysis
7.17 Carlson
7.17.1 Company overview
7.17.2 Financial analysis
7.17.3 Strategic positioning
7.17.4 Info graphic analysis
7.18 PPG Industries, Inc.
7.18.1 Company overview
7.18.2 Financial analysis
7.18.3 Strategic positioning
7.18.4 Info graphic analysis
7.19 Xinyi Automobile Glass Co. Ltd.
7.19.1 Company overview
7.19.2 Financial analysis
7.19.3 Strategic positioning
7.19.4 Info graphic analysis
7.20 Asahi Glass Co. Ltd.
7.20.1 Company overview
7.20.2 Financial analysis
7.20.3 Strategic positioning
7.20.4 Info graphic analysis
7.21 Nippon Sheet Glass Co. Ltd. (NSG)
7.21.1 Company overview
7.21.2 Financial analysis
7.21.3 Strategic positioning
7.21.4 Info graphic analysis
7.22 Saint-Gobain S.A.
7.22.1 Company overview
7.22.2 Financial analysis
7.22.3 Strategic positioning
7.22.4 Info graphic analysis
7.23 Guardian Industries
7.23.1 Company overview
7.23.2 Financial analysis
7.23.3 Strategic positioning
7.23.4 Info graphic analysis
7.24 Hanwha Q CELLS Co. Ltd.
7.24.1 Company overview
7.24.2 Financial analysis
7.24.3 Strategic positioning
7.24.4 Info graphic analysis
7.25 Borosil Glass Works Ltd.
7.25.1 Company overview
7.25.2 Financial analysis
7.25.3 Strategic positioning
7.25.4 Info graphic analysis
7.26 GSC Glass Ltd.
7.26.1 Company overview
7.26.2 Financial analysis
7.26.3 Strategic positioning
7.26.4 Info graphic analysis
7.27 Duratuf Glass Industries Pvt. Ltd.
7.27.1 Company overview
7.27.2 Financial analysis
7.27.3 Strategic positioning
7.27.4 Info graphic analysis
The Global Laminated Fiber Reinforced Plastic Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Laminated Fiber Reinforced Plastic Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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