The GPRF market is expected to evince high growth at nearly high rates. Restraint to the markets exists and includes
availability of raw materials, increasing prices of energy and changing regulations. A drive to meet increasing
expectations from Growing CRPF composites market is being followed.
Glass fibers are made from molding process and are used as raw material for composite materials. Glass fibers account
for nearly hundred percent of global glass consumption in market. The property of low-weight, strength and corrosion
resistance drive growth in transportation, construction, infrastructure, electrical and electronics, consumer goods,
marine, aerospace and defense and wind energy segments.
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Most of the glass fiber reinforced plastics (GFRP) composites are used in construction and transportation sectors. The
demand for renewable energy in the form of wind turbines, demand from light-weight and fuel efficient cars and other
corrosion resistant equipment are major drivers to the market.
Asia pacific is expected to register fortuitous growth because of rapid construction activities undertaken on large-scale
and infrastructure activities. The US and Europe are considered to be leaders of research and development of high-
glass fiber products for transportation, defense and aerospace, construction and maintenance, electrical and
electronics and consumer goods, marine and wind energy segments.
Segmentation of glass fiber market by region includes North America, Europe, Asia pacific, MEA and Latin America.
China and India are the largest consumer of GFRP composites and are the highest in Asia pacific with maximum
potential in both nations. Germany, France, Italy, Spain, England, and EU are the most important markets and
constitute majority of the market size.
The Key players include AZDEl Inc., CPI Binani Inc., Continental Structural Plastics, Core Molding technologies, CTL
Aerospace, Inc., QDow Corning Corporation, Fiber Concepts, Fiber Incorporated, Fiber Reinforced Plastics, Glasforms,
Inc., The Composites Group, Washington Penn Plastic Companies, and Premix Incorporated.
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