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Showing posts with the label Fiber Reinforced Polymer Composites Market

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 pr...