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GFRP Composites Market by Resin Type (Polyester, Vinyl Ester, Polyurethane), Process (Manual Process, Compression Molding, Continuous Process, Injection Molding), Application (Wind Energy, Transportation, Marine, Pipe & Tanks) - Global Forecasts to 2021

GFRP Composites Market by Resin Type (Polyester, Vinyl Ester, Polyurethane), Process (Manual Process, Compression Molding, Continuous Process, Injection Molding), Application (Wind Energy, Transportation, Marine, Pipe & Tanks) - Global Forecasts to 2021

The global market for composites is projected to grow from USD 69.50 billion in 2015 to USD 105.26 billion by 2021, at a CAGR of 7.04% between 2016 and 2021. This high growth is attributed to increasing use of composites in the aerospace & defense, wind, and transportation applications.

“The aerospace & defense application accounts for the largest share in the composites market by value”
The aerospace & defense application accounts for the largest share of the composites market. Composite structures are designed to survive extreme operating conditions such as high stress, shock, and impact loads. These requirements of complex aerospace structures are fulfilled by composites. There is an increase in the demand for composites due to new aircraft programs, including the Airbus A350 XWB and A320neo and the Boeing 787 and 737 MAX. This trend is expected to continue in the next five years due to the delivery backlog of aircrafts from major aerospace manufacturers.

“Asia-Pacific projected to be the fastest-growing composites market”
Asia-Pacific dominated the composites market, followed by North America. It is also the most promising market for composites in the next five years. Rapid industrialization and urbanization have led to increase in demand for composites from construction, wind, pipe & tank, automotive, electronics & semiconductor, and other industries in the region. China is expected to have the largest market share in the Asia-Pacific region due to its rapidly growing manufacturing sector in the country.

In the process of determining and verifying the market size gathered through secondary research for several segments and sub-segments, extensive primary interviews were conducted as follows:-
By Company Type: Tier 1 (70%), Tier 2 (25%) and Tier 3 (5%).
By Designation: C-level (31%), Director Level (23%) and others (46%)
By Region: North America (65%), Europe (24%), Asia-Pacific (9%), and RoW (2%)

Composites are finding its use in emerging applications such as sporting goods, consumer goods, healthcare, and so on. It is used in skis, snowboards, golf clubs, archery bows, fishing rods, racquets, stacking chairs, and so on.

The various key players profiled in the report are as follows:
1. Cytec-Solvay Group (U.S.)
2. E.I. DuPont Nemours & Co. (U.S.)
3. Huntsman Corporation (U.S.)
4. PPG Industries (U.S.)
5. Toray Industries (Japan)
6. Teijin Limited (Japan)
7. Owen Corning (U.S.)
8. Hexcel Corporation (U.S.)
9. Momentive Performance Materials, Inc. (U.S.)
10. SGL Group (Germany)
11. Saint-Gobain (France)
12. Weyerhaeuser (U.S.)
13. Chongqing Polycomp International Corporation (China)
14. Jushi Group (China)

The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the composites market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub-segments across different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand the competitors and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
      • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table GFRP COMPOSITES MARKET SIZE, 2014–2026
  • PREMIUM INSIGHTS
    • SIGNIFICANT GROWTH OPPORTUNITIES IN THE GFRP COMPOSITES MARKET
    • GFRP COMPOSITES MARKET, BY APPLICATION
    • GFRP COMPOSITES MARKET SHARE, BY REGION AND APPLICATION, 2015
    • GFRP COMPOSITES MARKET, BY COUNTRY
    • GFRP COMPOSITES MARKET, BY RESIN TYPE
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
      • GFRP COMPOSITES MARKET, BY RESIN TYPE
      • GFRP COMPOSITES MARKET, BY MANUFACTURING PROCESS
      • GFRP COMPOSITES MARKET, BY APPLICATION
    • MARKET DYNAMICS
      • MARKET DYNAMICS
      • DRIVERS
        • Table GLOBAL WIND ENERGY INSTALLATIONS, 2011–2015
        • Table EUROPEAN UNION: CARBON DIOXIDE EMISSION STANDARDS FOR NEW PASSENGER CARS (G/KM)
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
      • IMPACT ANALYSIS OF DRIVERS
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
        • Table COST STRUCTURE ANALYSIS OF GFRP COMPOSITES
  • MACROECONOMIC OVERVIEW AND KEY TRENDS
    • INTRODUCTION
    • TRENDS AND FORECAST OF GDP
      • Table TRENDS AND FORECAST OF GDP, USD BILLION (2015–2021)
    • PER CAPITA GDP VS. PER CAPITA COMPOSITE DEMAND
      • Table PER CAPITA GDP VS. PER CAPITA COMPOSITE DEMAND, 2015
    • TRENDS AND FORECAST OF THE CONSTRUCTION INDUSTRY
      • TRENDS AND FORECAST OF THE CONSTRUCTION INDUSTRY IN NORTH AMERICA
        • Table CONTRIBUTION OF THE CONSTRUCTION INDUSTRY TO THE GDP OF NORTH AMERICA, 2014–2021 (USD BILLION)
      • TRENDS AND FORECAST OF THE CONSTRUCTION INDUSTRY IN EUROPE
        • Table CONTRIBUTION OF THE CONSTRUCTION INDUSTRY TO THE GDP OF EUROPE, 2014–2021 (USD BILLION)
      • TRENDS AND FORECAST OF THE CONSTRUCTION INDUSTRY IN ASIA-PACIFIC
        • Table CONTRIBUTION OF THE CONSTRUCTION INDUSTRY TO THE GDP OF ASIA-PACIFIC, 2014–2021 (USD BILLION )
      • TRENDS AND FORECAST OF THE CONSTRUCTION INDUSTRY IN MIDDLE EAST & AFRICA
        • Table CONTRIBUTION OF THE CONSTRUCTION INDUSTRY TO THE GDP OF MIDDLE EAST & AFRICA, 2014–2021 (USD BILLION)
      • TRENDS AND FORECAST OF THE CONSTRUCTION INDUSTRY IN LATIN AMERICA
        • Table CONTRIBUTION OF THE CONSTRUCTION INDUSTRY TO THE GDP OF LATIN AMERICA, 2014–2021 (USD BILLION )
    • TRENDS OF THE WIND ENERGY INDUSTRY
      • Table WIND ENERGY INSTALLATION, MW (2011–2015)
    • TRENDS OF THE AUTOMOTIVE INDUSTRY
      • Table AUTOMOTIVE PRODUCTION, MILLION UNITS (2011–2015)
  • GFRP COMPOSITES MARKET, BY RESIN TYPE
    • INTRODUCTION
      • Table GFRP COMPOSITES MARKET SIZE, BY RESIN TYPE, 2014–2026 (USD MILLION)
      • Table GFRP COMPOSITES MARKET SIZE, BY RESIN TYPE, 2014–2026 (KILOTON)
    • POLYESTER
      • Table POLYESTER RESIN MARKET SIZE, BY REGION, 2014–2026 (USD MILLION)
      • Table POLYESTER RESIN MARKET SIZE, BY REGION, 2014–2026 (KILOTON)
    • VINYL ESTER
      • Table VINYL ESTER RESIN MARKET SIZE, BY REGION, 2014–2026 (USD MILLION)
      • Table VINYL ESTER RESIN MARKET SIZE, BY REGION, 2014–2026 (KILOTON)
    • EPOXY
      • Table EPOXY RESIN MARKET SIZE, BY REGION, 2014–2026 (USD MILLION)
      • Table EPOXY RESIN MARKET SIZE, BY REGION, 2014–2026 (KILOTON)
    • POLYURETHANE
      • Table POLYURETHANE RESIN MARKET SIZE, BY REGION, 2014–2026 (USD MILLION)
      • Table POLYURETHANE RESIN MARKET SIZE, BY REGION, 2014–2026 (KILOTON)
    • OTHERS
      • PEEK RESIN
      • PHENOLIC RESIN
      • HYBRID RESIN
        • Table OTHER RESINS MARKET SIZE, BY REGION, 2014–2026 (USD MILLION)
        • Table OTHER RESINS MARKET SIZE, BY REGION, 2014–2026 (KILOTON)
  • GFRP COMPOSITES MARKET, BY MANUFACTURING PROCESS
    • INTRODUCTION
      • Table GFRP COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2014–2026 (USD MILLION)
      • Table GFRP COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2014–2026 (KILOTON)
    • MANUAL
      • MANUAL MOLDING
      • TAPE LAYUP
      • HAND LAYUP
      • SPRAY LAYUP
        • Table GFRP COMPOSITES MARKET SIZE FOR MANUAL PROCESS, BY REGION 2014–2026 (USD MILLION)
        • Table GFRP COMPOSITES MARKET SIZE FOR MANUAL PROCESS, BY REGION, 2014–2026 (KILOTON)
    • COMPRESSION MOLDING
      • SHEET MOLDING COMPOUND (SMC) PROCESS
      • GLASS MAT THERMOPLASTIC (GMT) PROCESS
        • Table GFRP COMPOSITES MARKET SIZE FOR COMPRESSION MOLDING PROCESS, BY REGION, 2014–2026 (USD MILLION)
        • Table GFRP COMPOSITES MARKET SIZE FOR COMPRESSION MOLDING PROCESS, BY REGION, 2014–2026 (KILOTON)
    • INJECTION MOLDING
      • BULK MOLDING COMPOUND (BMC) PROCESS
      • THERMOPLASTIC INJECTION MOLDING (TIM)
      • RTM/VARTM
      • REACTION INJECTION MOLDING (RIM) PROCESS
        • Table GFRP COMPOSITES MARKET SIZE FOR INJECTION MOLDING PROCESS, BY REGION, 2014–2026 (USD MILLION)
        • Table GFRP COMPOSITES MARKET SIZE FOR INJECTION MOLDING PROCESS, BY REGION, 2014–2026 (KILOTON)
    • CONTINUOUS
      • PULTRUSION PROCESS
      • LAMINATING PROCESS
      • FILAMENT WINDING PROCESS
        • Table GFRP COMPOSITES MARKET SIZE FOR CONTINUOUS PROCESS, BY REGION, 2014–2026 (USD MILLION)
        • Table GFRP COMPOSITES MARKET SIZE FOR CONTINUOUS PROCESS, BY REGION, 2014–2026 (KILOTON)
  • GFRP COMPOSITES MARKET, BY APPLICATION
    • INTRODUCTION
      • Table GFRP COMPOSITES MARKET SIZE, BY APPLICATION, 2014–2026 (USD MILLION)
      • Table GFRP COMPOSITES MARKET SIZE, BY APPLICATION, 2014–2026 (KILOTON)
    • WIND ENERGY
      • Table GERMANY: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2015 (MW)
      • Table FRANCE: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2015 (MW)
      • Table U.K.: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2015 (MW)
      • Table CHINA: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2015 (MW)
      • Table INDIA: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2015 (MW)
      • Table GFRP COMPOSITES MARKET SIZE IN WIND ENERGY, BY REGION, 2014–2026 (USD MILLION)
      • Table GFRP COMPOSITES MARKET SIZE IN WIND ENERGY, BY REGION, 2014–2026 (KILOTON)
    • ELECTRICAL & ELECTRONICS
      • Table GFRP COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY REGION, 2014–2026 (USD MILLION)
      • Table GFRP COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY REGION, 2014–2026 (KILOTON)
    • TRANSPORTATION
      • RAILS
      • AUTOMOTIVE
        • Table GFRP COMPOSITES MARKET SIZE IN TRANSPORTATION, BY REGION, 2014–2026 (USD MILLION)
        • Table GFRP COMPOSITES MARKET SIZE IN TRANSPORTATION, BY REGION, 2014–2026 (KILOTON)
    • PIPE & TANKS
      • OIL & GAS
      • WATER & WASTEWATER TREATMENT PLANTS
      • PULP & PAPER
      • OTHERS
        • Table GFRP COMPOSITES MARKET SIZE IN PIPE & TANKS, BY REGION, 2014–2026 (USD MILLION)
        • Table GFRP COMPOSITES MARKET SIZE IN PIPE & TANKS, BY REGION, 2014–2026 (KILOTON)
    • CONSTRUCTION & INFRASTRUCTURE
      • DECKING & RAILING
      • REBARS
      • OTHERS
        • Table GFRP COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE, BY REGION, 2014–2026 (USD MILLION)
        • Table GFRP COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE, BY REGION, 2014–2026 (KILOTON)
    • MARINE
      • Table GFRP COMPOSITES MARKET SIZE IN MARINE, BY REGION, 2014–2026 (USD MILLION)
      • Table GFRP COMPOSITES MARKET SIZE IN MARINE, BY REGION, 2014–2026 (KILOTON)
    • AEROSPACE & DEFENSE
      • INTERIOR
      • EXTERIOR
        • Table DEMAND FOR NEW AIRPLANES, BY REGION, 2016–2035
        • Table GFRP COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2014–2026 (USD MILLION)
        • Table GFRP COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2014–2026 (KILOTON)
    • OTHER APPLICATIONS
      • HEALTHCARE
      • CONSUMER GOODS
        • Table GFRP COMPOSITES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2014–2026 (USD MILLION)
        • Table GFRP COMPOSITES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2014–2026 (KILOTON)
  • GFRP COMPOSITES MARKET, BY REGION
    • INTRODUCTION
      • Table GFRP COMPOSITES MARKET SIZE, BY REGION, 2014–2026 (USD MILLION)
      • Table GFRP COMPOSITES MARKET SIZE, BY REGION, 2014–2026 (KILOTON)
    • NORTH AMERICA
      • NORTH AMERICA, BY COUNTRY
        • Table NORTH AMERICA: GFRP COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2026 (USD MILLION)
        • Table NORTH AMERICA: GFRP COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2026 (KILOTON)
      • NORTH AMERICA, BY APPLICATION
        • Table NORTH AMERICA: GFRP COMPOSITES MARKET SIZE, BY APPLICATION, 2014–2026 (USD MILLION)
        • Table NORTH AMERICA: GFRP COMPOSITES MARKET SIZE, BY APPLICATION, 2014–2026 (KILOTON)
    • EUROPE
      • EUROPE, BY COUNTRY
        • Table EUROPE: GFRP COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2026 (USD MILLION)
        • Table EUROPE: GFRP COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2026 (KILOTON)
      • EUROPE, BY APPLICATION
        • Table EUROPE: GFRP COMPOSITES MARKET SIZE, BY APPLICATION, 2014–2026 (USD MILLION)
        • Table EUROPE: GFRP COMPOSITES MARKET SIZE, BY APPLICATION, 2014–2026 (KILOTON)
    • ASIA-PACIFIC
      • ASIA-PACIFIC, BY COUNTRY
        • Table ASIA-PACIFIC: GFRP COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2026 (USD MILLION)
        • Table ASIA-PACIFIC: GFRP COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2026 (KILOTON)
      • ASIA-PACIFIC, BY APPLICATION
        • Table ASIA-PACIFIC: GFRP COMPOSITES MARKET SIZE, BY APPLICATION, 2014–2026 (USD MILLION)
        • Table ASIA-PACIFIC: GFRP COMPOSITES MARKET SIZE, BY APPLICATION, 2014–2026 (KILOTON)
    • MIDDLE EAST & AFRICA
      • MIDDLE EAST & AFRICA, BY COUNTRY
        • Table MIDDLE EAST & AFRICA: GFRP COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2026 (USD MILLION)
        • Table MIDDLE EAST & AFRICA: GFRP COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2026 (KILOTON)
      • MIDDLE EAST & AFRICA, BY APPLICATION
        • Table MIDDLE EAST & AFRICA: GFRP COMPOSITES MARKET SIZE, BY APPLICATION, 2014–2026 (USD MILLION)
        • Table MIDDLE EAST & AFRICA: GFRP COMPOSITES MARKET SIZE, BY APPLICATION, 2014–2026 (KILOTON)
    • LATIN AMERICA
      • LATIN AMERICA, BY COUNTRY
        • Table LATIN AMERICA: GFRP COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION)
        • Table LATIN AMERICA: GFRP COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2026 (KILOTON)
      • LATIN AMERICA, BY APPLICATION
        • Table LATIN AMERICA: GFRP COMPOSITES MARKET SIZE, BY APPLICATION, 2014–2026 (USD MILLION)
        • Table LATIN AMERICA: GFRP COMPOSITES MARKET SIZE, BY APPLICATION, 2014–2026 (KILOTON)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • INVESTMENTS & EXPANSIONS AND NEW PRODUCT LAUNCHES WERE THE MOST POPULAR GROWTH STRATEGIES
    • DEVELOPMENTS IN THE GFRP COMPOSITES MARKET, 2012–2016
    • MARKET SHARE ANALYSIS OF KEY PLAYERS
      • OWENS CORNING
      • JUSHI GROUP CO. LTD.
      • CHONGQING POLYCOMP INTERNATIONAL CORPORATION
    • RECENT DEVELOPMENTS
      • INVESTMENTS & EXPANSIONS
        • Table INVESTMENTS & EXPANSIONS, 2012–2016
      • AGREEMENTS, PARTNERSHIPS & JOINT VENTURES
        • Table AGREEMENTS, PARTNERSHIPS & JOINT VENTURES, 2012–2016
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2012–2016
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS, 2012–2016
  • COMPANY PROFILES
    • OWENS CORNING
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • JUSHI GROUP CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CHONGQING POLYCOMP INTERNATIONAL CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • PPG INDUSTRIES INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • JOHNS MANVILLE CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SAINT-GOBAIN S.A.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • NIPPON SHEET GLASS CO. LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • TAISHAN FIBERGLASS INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • AGY HOLDINGS CORP.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ASAHI FIBER GLASS CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • OTHER COMPANIES
      • BINANI INDUSTRIES LTD.
      • BFG INDUSTRIES
      • CHINA BEIHAI FIBERGLASS CO., LTD.
      • NITTO BOSEKI CO., LTD.
      • JIANGSU JIUDING NEW MATERIAL CO., LTD.
      • PFG FIBERGLASS CORPORATION
      • CELANESE CORPORATION
      • SAERTEX GMBH
      • KEMROCK INDUSTRIES AND EXPORTS LTD.
      • CHINA NATIONAL BUILDING MATERIAL COMPANY LTD.
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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