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Latest Trends in the Fiber Reinforced Polymer (FRP) Composites Market by 2025

Numerous properties such as strength, flexibility, conductivity, and low cost offered by FRP products are anticipated to boost the industry growth over the forecast period. The Global Fiber Reinforced Polymer (FRP) Composites Market is anticipated to reach USD 282.9 billion by 2025, according to a new report by Grand View Research, Inc.





The global players present in the market are collaborating with research agencies for developing new & improved synthetic and natural fiber-based reinforced polymer to gain a competitive edge over other companies. The players are also trying to develop new manufacturing techniques to reduce the production cost and increase production capacity.

Glass fiber reinforced polymer (GFRP) composites dominated the overall market with over 65% market share in 2016. The product is relatively cheaper and can be economically fabricated using different manufacturing techniques. GFRP is preferred over other FRP composites in applications or products that require high conductivity.

To Know More About Fiber Reinforced Polymer Composites Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/fiber-reinforced-polymer-frp-composites-market 

Basalt FRP composites market is expected to grow at a steady rate over the forecast period. Basalt is found in volcanic rocks, which originate from the frozen molten rock. They have better tensile strength in comparison to GFRP composites. Basalt fibers replace glass fibers owing to their high strength in the engineering and transport applications.

Top Players of Fiber Reinforced Polymer (FRP) Composites Market:

Some of the key players operating in the industry are American Fiberglass Rebar; American Grating, LLC; Engineered Composites Ltd; B&B FRP Manufacturing Inc.; TUF-BAR; FRP Composites Inc.; Ten Cate NV; Zoltek Companies, Inc.; Hyosung Corporation; Mitsubishi Rayon Co., Ltd.; SGL Group; and DowAksa.

Market Segmentation of Fiber Reinforced Polymer (FRP) Composites Market:

The Global Fiber Reinforced Polymer (FRP) Composites Market segmented into Fiber Type, Application, and Region.

By Fiber Type:

Glass Fiber Reinforced Polymer (GFRP) Composites
Carbon Fiber Reinforced Polymer (CFRP) Composites
Basalt Fiber Reinforced Polymer (BFRP) Composites
Aramid Fiber Reinforced Polymer (AFRP) Composites

By Application:

Automotive
Construction
Electronic
Defense

By Region:

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa

Inquire about Fiber Reinforced Polymer Composites Market with Our Experts @ https://www.grandviewresearch.com/industry-analysis/fiber-reinforced-polymer-frp-composites-market/request/rs1 
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