Lucintel Forecasts FRP Panel Market to Reach $1.8 billion by 2030
Lucintel Forecasts FRP Panel Market to Reach $1.8 billion by 2030
Blog Article
According to the recent study the FRP Panel Market is projected to reach an estimated $1.8 billion by 2030 from $1.4 billion in 2023, at a CAGR of 4.0% from 2023 to 2030. Growth in this market is primarily driven by increasing residential and commercial construction activities and rising demand for durable, corrosion resistant, lightweight products in the construction and truck and trailer industries.
Browse 107 figures / charts and 68 tables in this 205 -page report to understand trends, opportunities and forecast in FRP panel market by end use industries (building and construction, truck and trailer, recreational vehicles and others), reinforcement (glass composites and carbon composites), matrix type (polyester composites, epoxy composites and PP composites and others), resin group (thermoset composites and thermoplastic composites), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that building and construction will remain the largest end use segment and trucks and trailers segment is expected to witness highest growth over the forecast period.
Polyester composites will remain the largest segment over the forecast period due to its low cost and mostly used in applications, such as side wall panels, roof, and floors. Epoxy composite is expected to witness highest growth over the forecast period.
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North America is expected to remain the largest market and due to the growing residential and commercial construction industry and increasing production of recreational vehicles and trucks & trailers. APAC is also expected to witness the highest growth over the forecast period.
Verzatec, Lamilux Heinrich Strunz, US Liner Company, Fibrosan, and Glasteel are the major supplier in the FRP panel market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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