Glass Fiber Reinforced Plastic (GFRP) Composite
Material Market
Glass Fiber Reinforced Plastic (GFRP) Composite
Material Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Glass Fiber Reinforced Plastic (GFRP) Composite Material Market Size and Growth
The Glass Fiber Reinforced Plastic (GFRP) Composite Material market is experiencing significant growth, driven by increased demand in automotive, construction, and aerospace sectors. Currently valued at approximately $XX billion, the market is projected to expand at a CAGR of XX% over the next five years, reflecting technological advancements and sustainability trends.
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Companies Covered
(Covid 19 Impact Covered)
◍ BASF
◍ Lanxess
◍ DSM
◍ SABIC
◍ Avient
◍ DuPont
◍ Solvay
◍ Hexion
◍ Celanese
◍ RTP
◍ Sumitomo Bakelite
◍ Evonik
◍ Daicel
◍ Kolon
◍ Denka
◍ Kingfa
The GFRP composite market features companies like BASF, Lanxess, DSM, and SABIC, which innovate and provide materials for automotive, aerospace, and construction, driving growth through advanced applications. Key players focus on enhancing material properties and expanding production capabilities, contributing to market expansion. Revenue figures include:
- BASF: ~$70 billion
- DSM: ~$10 billion
- SABIC: ~$40 billion
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