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Glass Fiber Reinforced Plastics Composites Market: By Resin Type, By Manufacturing Process By End-User, Region.
Glass Fiber Reinforced Plastics Composites Market: By Resin Type, By Manufacturing Process By End-User, Region.
Glass Fiber Reinforced Plastics (GFRP) Composites Market size was valued at US$ 17,643.2 million in 2023 and is projected to reach a value of US$ 32,045.9 million by 2030, at a CAGR of 8.9% from 2024-2030. Moreover, the U.S. Glass Fiber Reinforced Plastics (GFRP) Composites Market is projected to grow significantly, reaching an estimated value of US$ 10,033.0 million by 2032.
Glass fiber-reinforced plastic composites, or fiberglass composites, constitute a class of materials comprising glass fibers reinforced in a polymer matrix. The latter are highly essential in many areas of activity due to its superior strength, durability, and versatility. Governments and private enterprises around the world are investing heavily in diverse sectors of construction, transport, and utility operations. GFRP composites are chosen as the preferred material for these projects based on remarkable qualities like their high strength-to-weight ratio, corrosion resistance, and longevity. Further, GFRP composites' design freedom allows the production of complicated forms and structures in infrastructure projects that enable creative and aesthetically beautiful designs.
Some of the key players in GFRP composites market share are Owens Corning, Hexcel Corporation, Solvay, Mitsubishi Rayon Co., Ltd., BASF SE, Jushi Group, Saint-Gobain, and Toray Industries, Inc. All these companies deal with automotive, aerospace, construction, and consumer goods applications and thereby lead towards innovation and growth in the market.
Other key players in the GFRP composites market include Owens Corning and Hexcel Corporation. Owens Corning is known for its state-of-the-art glass fiber technology and sustainability and continues to reinvent itself to develop more environment-friendly composite materials. Hexcel Corporation is primarily a supplier of high-performance composites, especially for the aerospace and defense industries, with a focus on lightweight, high-strength material systems that serve to reduce weight while maximizing performance in demanding applications.
By Resin Type: Based on resin type, the polyester category holds a dominant share of the global market capturing an impressive share during the forecast period. End-user companies prefer better quality products to enhance performance and this is estimated to increase the adoption of polyester.
By Manufacturing Process: The compression molding process leads in the global market with an important share during the forecasted period, the basis of the manufacturing process. Cheap labor costs, production process, low scarp rate, and short cycle period are some of the factors fueling the demand for compression molding processes.
By End-User: Transportation is expected to lead the global market, in terms of maximum share during the forecast period, due to the high demand based on the end-use industry. Fuel efficiency and low cost have driven the growth of the market. The rising adoption of glass fiber-reinforced plastic composites is also a stimulating factor in the market. The growing increase in rail and automobile sectors nowadays also further boosts the transportation demand.
Study Period
2024-2030Base Year
2023CAGR
8.9%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
The large-scale demand for lightweight materials in the automotive, aerospace, and construction industries has stimulated the growth of the GFRP composites market. Improving energy efficiency and fuel economy force manufacturers to employ GFRP due to its high strength-to-weight ratio. Further, the improvements in manufacturing technologies as well as the development of sustainable composites make GFRP very attractive; hence, it has become the first choice of new applications.
Though GFRP composites possess advantages that are above, it challenge a good number of restraints. Such as high production costs concerning advanced composite materials, restrain smaller manufacturers and limit their market penetration. Further, recycling and disposal of GFRP can prove challenging; this may raise some environmental concerns. A lack of standardization in regulations and certification procedures can also hinder more extensive acceptance within specific industries.
Growth opportunities abound in the GFRP composites market, particularly in emerging sectors such as renewable energy. A notable trend is the rising demand for the inclusion of wind turbine blades. So, more emphasis on sustainable, lightweight materials is a marketplace to look for innovation opportunities example, in bio-based resins and recycling technologies. Another promising area of market development lies in expanded construction-related applications-including prefabricated structures.
Challenges for this GFRP composites market lie in the continuous innovation to stay up-to-date with the dynamically shifting industrial trends and norms, as well as changing customer expectations. The alternate materials-including carbon fiber composites and even conventional metals-are as competitive, so manufacturers really have to present a strong case on why their GFRP is superior. Supply chain disruptions and volatility in raw material pricing can sometimes influence the manufacturing and pricing decisions of the manufacturers.
Asia-Pacific remains the market share leader as this region boasts an extensive manufacturing base and significant investments in infrastructure and construction. The fact that major players are based here, while the attention on sustainable materials continues to grow, also continues to help the region dominate GFRP composites in the marketplace.
The North American market for GFRP composites has a high growth rate due to several drivers. The economy is powerful and supports aerospace and automobile industries, where demand for lightweight materials is on the rise for fuel efficiency and performance improvement.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 17,643.2 million |
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Market Size in 2030 |
US$ 32,045.9 million |
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Market CAGR |
8.9% |
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By Resin Type |
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By Manufacturing Process |
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By End User |
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By Region |
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The GFRP composites market is registering high growth due to the growing demand in the automotive and aerospace industries for lightweight materials that offer good fuel efficiency. Wind energy, in the renewable energy sector, also provides a massive contribution to the use of GFRPs in turbine blades. Strong potential in new markets and applications is further fueled by technological advancements and manufacturing process improvements. Its high production costs, recycling problems, and competition from alternative materials make it hard to sustain. Companies would have to be innovative and sustainable to tap into the market.
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Glass fiber reinforced plastics composites market size was valued at US$ 17,643.2 Mn in 2023 and is set to reach US$ 32,045.9 Mn by 2030, at a CAGR of 8.9%
Glass Fiber Reinforced Plastics (GFRP) composites represent composites in which glass fibers are infused into a polymer matrix, which helps in providing high strength-to-weight ratios and good corrosion resistance and is also suitable for multiple applications.
Demand for GFRP is rising in automotive, aerospace, construction, and renewable energy applications because of its lightweight nature and the associated performance advantages.
Lightweight design, high strength, resistance to environmental degradation, and versatile manufacture are some of the major benefits that make GFRP suitable for a wide variety of applications.
The major concerns for the GFRP market include the high cost of production, problems associated with recycling and disposal, and competition from other substitute materials like carbon fiber and metals.
| 1.Executive Summary |
| 2.Global Glass Fiber Reinforced Plastics Composites Market Introduction |
| 2.1.Global Glass Fiber Reinforced Plastics Composites Market - Taxonomy |
| 2.2.Global Glass Fiber Reinforced Plastics Composites Market - Definitions |
| 2.2.1.Resin Type |
| 2.2.2.Manufacturing Process |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Glass Fiber Reinforced Plastics Composites Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Glass Fiber Reinforced Plastics Composites Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Glass Fiber Reinforced Plastics Composites Market By Resin Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Thermoplastic |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Polyester |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Polyurethane |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Epoxy |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Vinyl Ester |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6.Global Glass Fiber Reinforced Plastics Composites Market By Manufacturing Process, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Injection Molding |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Compression Molding |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Filaments |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. RTM & VARTM |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Layup |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Glass Fiber Reinforced Plastics Composites Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Transportation |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Electric & Electronics |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Renewable Energy |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Telecommunication |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Building & Construction |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Military & Defence |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Others |
| 7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 8.Global Glass Fiber Reinforced Plastics Composites Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Glass Fiber Reinforced Plastics Composites Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Thermoplastic |
| 9.1.2.Polyester |
| 9.1.3.Polyurethane |
| 9.1.4.Epoxy |
| 9.1.5.Vinyl Ester |
| 9.1.6.Others |
| 9.2. Manufacturing Process Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Injection Molding |
| 9.2.2.Compression Molding |
| 9.2.3.Filaments |
| 9.2.4.RTM & VARTM |
| 9.2.5.Layup |
| 9.2.6.others |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Transportation |
| 9.3.2.Electric & Electronics |
| 9.3.3.Renewable Energy |
| 9.3.4.Telecommunication |
| 9.3.5.Building & Construction |
| 9.3.6.Military & Defence |
| 9.3.7.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Glass Fiber Reinforced Plastics Composites Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Resin Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Thermoplastic |
| 10.1.2.Polyester |
| 10.1.3.Polyurethane |
| 10.1.4.Epoxy |
| 10.1.5.Vinyl Ester |
| 10.1.6.Others |
| 10.2. Manufacturing Process Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Injection Molding |
| 10.2.2.Compression Molding |
| 10.2.3.Filaments |
| 10.2.4.RTM & VARTM |
| 10.2.5.Layup |
| 10.2.6.others |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Transportation |
| 10.3.2.Electric & Electronics |
| 10.3.3.Renewable Energy |
| 10.3.4.Telecommunication |
| 10.3.5.Building & Construction |
| 10.3.6.Military & Defence |
| 10.3.7.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Glass Fiber Reinforced Plastics Composites Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Resin Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Thermoplastic |
| 11.1.2.Polyester |
| 11.1.3.Polyurethane |
| 11.1.4.Epoxy |
| 11.1.5.Vinyl Ester |
| 11.1.6.Others |
| 11.2. Manufacturing Process Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Injection Molding |
| 11.2.2.Compression Molding |
| 11.2.3.Filaments |
| 11.2.4.RTM & VARTM |
| 11.2.5.Layup |
| 11.2.6.others |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Transportation |
| 11.3.2.Electric & Electronics |
| 11.3.3.Renewable Energy |
| 11.3.4.Telecommunication |
| 11.3.5.Building & Construction |
| 11.3.6.Military & Defence |
| 11.3.7.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Glass Fiber Reinforced Plastics Composites Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Resin Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Thermoplastic |
| 12.1.2.Polyester |
| 12.1.3.Polyurethane |
| 12.1.4.Epoxy |
| 12.1.5.Vinyl Ester |
| 12.1.6.Others |
| 12.2. Manufacturing Process Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Injection Molding |
| 12.2.2.Compression Molding |
| 12.2.3.Filaments |
| 12.2.4.RTM & VARTM |
| 12.2.5.Layup |
| 12.2.6.others |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Transportation |
| 12.3.2.Electric & Electronics |
| 12.3.3.Renewable Energy |
| 12.3.4.Telecommunication |
| 12.3.5.Building & Construction |
| 12.3.6.Military & Defence |
| 12.3.7.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Glass Fiber Reinforced Plastics Composites Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Resin Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Thermoplastic |
| 13.1.2.Polyester |
| 13.1.3.Polyurethane |
| 13.1.4.Epoxy |
| 13.1.5.Vinyl Ester |
| 13.1.6.Others |
| 13.2. Manufacturing Process Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Injection Molding |
| 13.2.2.Compression Molding |
| 13.2.3.Filaments |
| 13.2.4.RTM & VARTM |
| 13.2.5.Layup |
| 13.2.6.others |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Transportation |
| 13.3.2.Electric & Electronics |
| 13.3.3.Renewable Energy |
| 13.3.4.Telecommunication |
| 13.3.5.Building & Construction |
| 13.3.6.Military & Defence |
| 13.3.7.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Owens Corning |
| 14.2.2.Hexcel Corporation |
| 14.2.3.Solvay, Mitsubishi Rayon Co., Ltd. |
| 14.2.4.BASF SE |
| 14.2.5.Jushi Group |
| 14.2.6.Saint-Gobain |
| 14.2.7.Toray Industries, Inc. |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.