Fiber Reinforced Polymer Market
Fiber Reinforced Polymer Market - Global Industry Assessment & Forecast
Segments Covered
- By Product Glass Fiber Reinforced Polymer (GFRP) Composites, Carbon Fiber Reinforced Polymer (CFRP) Composites, Basalt Fiber Reinforced Polymer (BFRP) Composites, Aramid Fiber Reinforced Polymer (AFRP) Composites, Others
- By Application Automotive, Construction, Electronics, Defense, Others
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 210.6 Billion |
Revenue 2030: | USD 492.4 Billion |
Revenue CAGR (2023 - 2030): | 11.2% |
Fastest Growing Region (2023 - 2030) | Europe |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Fiber Reinforced Polymer Market by Product by Application by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
Data Triangulation and Market Size Estimations
FAQ
Frequently Asked Question
What is the global demand for Fiber Reinforced Polymer in terms of revenue?
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The global Fiber Reinforced Polymer valued at USD 210.6 Billion in 2022 and is expected to reach USD 492.4 Billion in 2030 growing at a CAGR of 11.2%.
Which are the prominent players in the market?
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The prominent players in the market are FRP Composites Inc., Ten Cate NV, American Fiberglass Rebar, American Grating, LLC, Engineered Composites Ltd, B&B FRP Manufacturing INC., TUF-BAR,Zoltek Companies, Inc., Hyosung Corporation, Mitsubishi Rayon Co., Ltd., SGL Group, DowAksa..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 11.2% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Fiber Reinforced Polymer include
- Lightweight and High Strength Properties
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Fiber Reinforced Polymer in 2022.