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    Fiber Reinforced Plastic (FRP) Panels and Sheets Market Size, Share & Forecast (2020-2025) | Covid-19 Impact Analysis

    Fiber Reinforced Plastic (FRP) Panels and Sheets Market Size, Share & Forecast (2020-2025) | Covid-19 Impact Analysis

    Fiber Reinforced Plastic (FRP) Panels and Sheets Market Size, Share & Forecast (2020-2025) | Covid-19 Impact Analysis
    Report code - SRAM118 Delivery - 2 Weeks
    Fiber Reinforced Plastic (FRP) Panels and Sheets Market Size, Share, Trend, Forecast, & See more...
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    Impact of COVID-19 on Fiber Reinforced Plastic Panels And Sheets

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Fiber Reinforced Plastic Panels And Sheets

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Fiber Reinforced Plastic (FRP) Panels and Sheets Market Insights

    FRP panels and sheets accounted for less than 4% of the global panel market in 2015. It has overall low penetration in almost all of the applications across regions. Lightweight, excellent corrosion resistance, low manufacturing cost of FRP panel through continuous lamination process, good surface finish, and high strength to weight ratio of FRP panel, make it suitable for wide array of applications. It is one of the most promising panel type and is expected to grow faster than competing materials in coming years. 

    The global fiber reinforced plastics (FRP) panels and sheets market offers good growth opportunity and is likely to grow at >5% CAGR during the forecast period of 2020 to 2025. Increasing recreational vehicle production in the US and Europe and increasing penetration of FRP panels in recreation vehicle, building and construction, and truck and trailer are some of the growth drivers in the global FRP panels and sheets market.

     

    Fiber Reinforced Plastic (FRP) Panels and Sheets Market Share Analysis

    Fiber Reinforced Plastic (FRP) Panels and Sheets Market Share by Application Type

    Recreation vehicle is the major consumer of continuous FRP panels and sheets and is expected to remain the growth engine of the market during the forecast period. Increasing penetration of FRP panels and increasing production of recreation vehicles driven by rising disposable income, rising number of baby boomers, and gaining popularity of outdoor activities especially in the US and Europe are some of the factor driving the FRP panels and sheets market. 

    Fiber Reinforced Plastic (FRP) Panels and Sheets Market Share by Reinforcement Type

    Glass fiber and polyester resins are the most widely preferred materials in the global FRP panels and sheets market and are expected to remain dominant reinforcement and matrix type, respectively, during the forecast period. Both materials provide the perfect blend of price-performance ratio to most of the applications including recreational vehicles, building & construction, and truck & trailers.

    Regional Insights

    North America is expected to remain the largest FRP panels and sheets market during the forecast period due to increasing recreational vehicle and truck & trailer production and increasing demand of lightweight products with superior strength. US is the major contributor to the North American FRP panels and sheets market. Most of the major FRP panels and sheets manufacturers have headquarters and key manufacturing locations in the US.

    Key Players

    The supply chain of this market comprises raw material suppliers, machine suppliers, continuous FRP panel and sheet manufacturers, distributors, and original equipment manufacturers. The key raw materials suppliers are Owens Corning, Jushi, PPG Fiberglass, Ashland Inc., and Momentive and the key OEMs are Thor Industries, Forest River, Jayco, Grand Design, and Winnebago. 

    The key continuous FRP panel and sheet manufacturers are Crane composites, Lamilux, Glasteel and U.S. Liner. New product development using advanced materials, new application development and customer centric product development are the key strategies adopted by the key players to gain competitive edge in the market.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2014-2025

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Forecast

     >5% CAGR during 2020-2025

    Countries Covered

    The USA, Canada, Mexico, Germany, France, UK, Italy, China, Japan, India, Middle East, Latin America and others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Fiber Reinforced Plastic (FRP) Panels and Sheets Market Size, Share & Forecast by Application Type:

    • Recreational Vehicle
    • Building and Construction
    • Truck and Trailer
    • Others

    Fiber Reinforced Plastic (FRP) Panels and Sheets Market Size, Share & Forecast by Reinforcement Type:

    • Glass Composites
    • Carbon Composites

    Fiber Reinforced Plastic (FRP) Panels and Sheets Market Size, Share & Forecast by Matrix Type:

    • Polyester Composites
    • Epoxy Composites
    • Others

    Fiber Reinforced Plastic (FRP) Panels and Sheets Market Size, Share & Forecast by Region:

    • North America (Country Analysis: USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, UK, Italy, and Rest of the Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of the Asia-Pacific)
    • Rest of the World (Country Analysis: Middle East and Latin America)

     

    Report Features

    This report, from Stratview Research, studies the global fiber reinforced plastics (FRP) panels and sheets market over the period 2014 to 2025. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3)
    • SWOT analysis of key players (up to 3)

    Regional Segmentation

    • Current market segmentation of any one of the regions by application type

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your enquiry at [email protected].


    Frequently Asked Questions (FAQs)

    What will be the growth of FRP Panels & Sheets Market in the foreseeable years?

    Driven by no. of factors like low manufacturing cost of FRP panel through continuous lamination process & good surface finish, the FRP panels & sheets market is expected to witness an impressive growth of >5% CAGR during the forecast period of 2020 to 2025.

    Who are the key players in the FRP Panels & Sheets Market?

    Owens Corning, Jushi, PPG Fiberglass, Ashland Inc., and Momentive and the key OEMs are Thor Industries, Forest River, Jayco, Grand Design, and Winnebago. are among the key players in the FRP panels & sheets market.

    Which country/region is expected to be the largest FRP Panels & Sheets Market?

    North America is expected to remain the largest FRP panels and sheets market during the forecast period of 2020-25.

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