keyboard_arrow_up

FRP Panels & Sheets Market is Expected to Reach a Value of 2.24 Billion by 2020

The report "FRP Panels & Sheets Market by Fiber Type (Glass Fiber & Other Fibers), by Resin Type (Thermoplastic & Thermoset), by Application (Construction, Transportation, Aerospace, and Others) & by Region - Trends & Forecast to 2020", is projected to grow from the estimated USD 1.61 Billion in 2015 to USD 2.24 Billion by 2020, at a CAGR of 6.74% between 2015 and 2020. The increasing use of FRP panels & sheets in the construction industry is the major driver of the global FRP panels & sheets market. The growing construction industry in both developed and developing economies is expected to drive the demand for FRP panels & sheets in the near future.

Browse 72 market data tables and 38 figures spread through 122 pages and in-depth TOC on "FRP Panels & Sheets Market - Trends & Forecast to 2020"
http://www.marketsandmarkets.com/Market-Reports/frp-panels-and-sheets-market-201108918.html

Early buyers will receive 10% customization on this report


Rising demand for anti-corrosive panels and increasing demand for lightweight component to drive the FRP panels & sheets market

The major forces driving the FRP panels & sheets market are rising demand for anti-corrosive panels and lightweight components in the construction industry. With stringent regulations regarding fuel efficiency standards and changing consumer preferences for vehicles with high gas mileage, automobile manufacturers are focusing on enhancing fuel economy. As the use of FRP panels and sheet enables decreasing weight of vehicles, it helps in increasing fuel efficiency. This characteristics of FRP panels is the main drivers for using FRP composites in construction and transportation industries.


Construction industry to play key role in the FRP panels & sheets market

The construction application segment is expected to contribute the largest share of the global FRP panels & sheets market. This segment is also projected to be the fastest-growing application during the forecast period.

Several structural engineering applications utilize FRP panels because of its properties such as high stiffness and high chemical resistance. It is used in applications such as roofs & ceilings, wall panels, platforms & catwalks, bridges, kitchens, and so on.

Glass fiber has the largest market share in the FRP panels & sheets market

The glass fiber segment dominates the FRP panels & sheets market (by type) because of its high strength and cost effectiveness as compared to other fibers. Glass fibers are used in light weight components for recreational vehicles (RV), trailer trucks, and fuel efficient cars.

North America has large number of end-use industries for FRP panels & sheets

North America accounted for the largest market share in 2014 and is projected to witness the highest CAGR between 2015 and 2020. The dominance of North America is due the strong presence of aerospace and construction industries in the region. The use of FRP panels and sheets in the North American aerospace industry is projected to grow in the coming years.

The major players in the FRP panels and sheet market include Crane Composites (U.S), Panolam Industries International Inc (U.S), Fibrosan (Turkey), Strongwell Corporation (U.S), Enduro Composites (U.S), Lamilux Heinrich Strunz Group (Germany), Fibertech Industries (U.S), and others.

The scope of the report covers detailed information regarding the major factors influencing the growth of the FRP panels & sheets market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and other recent developments associated with the FRP panels & sheets market.

Browse related Reports: 

Advanced Composites Market by Type (Carbon, S-Glass, Aramid), by Manufacturing Process, by Resin Type (Thermoplastics and Thermosetting), by Application (Aerospace & Defense, Automotive, Wind, Sporting Goods, Pipe & Tanks, Construction, Marine), and by Region Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/advanced-composites-market-3930953.html

High Temperature Fiber Market by Fibers Type (Aramid (Para-aramid, Meta-aramid, others), Ceramic (Refractory Ceramic Fibers, Low Bio-persistent and others), and other fibers (Basalt, and others)), by Application (Security & Protection, Automotive, Aerospace, Industrial, Electrical & Electronics, and others) and by Region - Global Trends and Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/high-temperature-fibers-market-52310328.html

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Markets and Markets 
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets