Global FRP Panels and Sheets Market to Grow From USD 1.61 Billion in 2015 to USD 2.24 Billion by 2020

11 Dec, 2015, 06:07 ET from Research and Markets

DUBLIN, December 11, 2015 /PRNewswire/ --

Research and Markets http://www.researchandmarkets.com/research/ngp9h4/frp_panels_and) has announced the addition of the "FRP Panels & Sheets Market - Trends & Forecast to 2020" report to their offering.

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This industry expects the global FRP panels and sheets market to grow from USD 1.61 Billion in 2015 to USD 2.24 Billion by 2020, at a compound annual growth rate (CAGR) of 6.74% from 2015 to 2020.

The global market has witnessed strong growth in the past few years due to high demand from end-use industries in the U.S., Canada, Mexico, Germany, and developing countries such as China and India. The growing construction industry in these countries is driving the FRP panels & sheet market.

The major applications of FRP panels and sheets are construction, transportation, and aerospace. The construction segment is the fastest-growing application segment. The emergence of new applications for FRP panels in the construction segment is also driving the market significantly.

The FRP panels & sheets, market, on the basis of type, is dominated by glass fiber because of its properties such as corrosion resistant, high impact strength, lightweight, and durability. They are widely used in commercial construction applications such as offices, kitchens, bathrooms, and so on. In North America, increasing construction activities in the region will drive the demand for FRP panels & sheets.

Currently, North America is the largest consumer of FRP panels & sheets. The U.S and Canada are important consumers of FRP panels. North America is the most active markets in terms of strategic initiatives. This is attributed to the increasing demand for FRP panels & sheets from various end-use industries. In Asia-Pacific, some of the factors driving the growth of the FRP panels market are high end-use industry, amplified local manufacturing capacity, and increased number of domestic players in certain industries such as automotive.

 Companies Profiled:

  • Crane Composites
  • Enduro Composites
  • Fiber-Tech Industries, Inc.
  • Fibrosan
  • Glasteel
  • Lamilux Heinrich Strunz Group
  • Nudo Products, Inc.
  • Panolam Industries International, Inc.
  • Polser Frp Panels Inc.
  • Strongwell Corporation

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends 

7 Frp Panels & Sheets Market, By Fiber Type 

8 Frp Panels & Sheets Market, By Resin Type

9 Frp Panels & Sheets Market, By Application

10 Frp Panels & Sheets Market, By Region

11 Competitive Landscape 

12 Company Profiles

For more information visit http://www.researchandmarkets.com/research/ngp9h4/frp_panels_and

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets