1. Market Research
  2. > Automotive
  3. > Motor Vehicle
  4. > Commercial Vehicle Market Trends
FRP Panel Market Report: Trends, Forecast and Competitive Analysis

FRP Panel Market Report: Trends, Forecast and Competitive Analysis

  • August 2020
  • 150 pages
  • ID: 5915370
  • Format: PDF
  • Lucintel

Summary

Table of Contents

Trends, opportunities, and forecast in FRP panel market to 2025 by end use industry (building and construction, trucks and trailers, recreational vehicles, and others), Fiber type (glass composites and carbon composites), resin type (polyester composites, epoxy composites and PP composites others), resin group (thermoset composites and thermoplastic composites), and region (North America, Europe, Asia Pacific, and Rest of the World)

The future of the global FRP panel market looks promising with opportunities in the building and construction, trucks and trailers, recreational vehicles and others industries. The FRP panel market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $1.3 billion by 2025 with a CAGR of 1% to 3% from 2020 to 2025. The major drivers for this market are the increasing residential and commercial construction activities and rising demand for durable, corrosion resistant, lightweight products in the construction and truck and trailer industries.
.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing use of FR resin in FRP panel manufacturing and rising popularity of carbon composites in the recreational vehicle and truck and trailer markets. Crane Composites, Lamilux Heinrich Strunz Group, US Liner Company, Kalwall Corporation, Fibrosan, Panolam Industries, and Strongwell Corporation are the major manufacturers.

Global FRP panel opportunities have evolved through number of stages as presented in figure below:
Evolution of Global FRP Panel Opportunities

In this market, building & construction is the largest end use industry, whereas glass composites is largest in reinforcement type. Growth in various segments of the global FRP panel market are given below:
Global FRP Panel Market by Segments

The study includes trends and forecast for the global FRP panel market by end use industry, end use industry, fiber type, resin type, resin group, and region as follows:

By End Use Industry [million pounds and $ million shipment analysis for 2014 – 2025]:
• Building and Construction
• Trucks and Trailers
• Recreational Vehicles
• Others

By Fiber Type [million pounds and $ million shipment analysis for 2014 – 2025]:
• Glass Composites
• Carbon Composites

By Resin Type [million pounds and $ million shipment analysis for 2014 – 2025]:
• Polyester Based Composites
• Epoxy Based Composites
• PP Based Composites and Others

By Resin Group [million pounds and $ million shipment analysis for 2014 – 2025]:
• Thermoset Composites
• Thermoplastic Composites

By Region [million pounds and $ million shipment analysis for 2014 – 2025]:
• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Others
• Rest of the World
• Middle East
• Africa
• South America
In this market, polyester, epoxy, and polypropylene are the major resin used to manufacture FRP panels for various end use industries. The analyst forecasts that polyester based composites will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to its low cost and mostly used in applications, such as side wall panels, roof, and floors.

Within the FRP panel market, building and construction will remain the largest end use industry due to growing demand for FRP wall panels, FRP roof panels, and FRP floor panels in residential and commercial construction. The recreational vehicle market is expected to witness the highest growth over the forecast period due to increasing demand for FRP panels which are lightweight, high performance, and low maintenance than other traditional materials.

North America will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to the growing residential and commercial construction industry and increasing production of recreational vehicles and trucks & trailers.

Emerging trends, which have a direct impact on the dynamics of the industry, include growing use of FR resin in FRP panel manufacturing and rising popularity of carbon composites in the recreational vehicle and truck and trailer markets.

Some of the major FRP panel manufacturers profiled in this report include Crane Composites, Lamilux Heinrich Strunz Group, US Liner Company, Kalwall Corporation, Fibrosan, Panolam Industries, and Strongwell Corporation.

Features of the Global FRP Panel Market

• Market Size Estimates: FRP panel market size estimation in terms of value ($M) shipment.
• Trend and Forecast Analysis: Market trends (2014-2019) and forecast (2020-2025) by various segments and regions.
• Segmentation Analysis: FRP panel market size by various segments, such as end use industry, reinforcement, end use industry, fiber type , resin type, resin group, and regions in terms of value and volume .
• Regional Analysis: FRP panel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different end use industries, reinforcement, matrix type, resin group, and regions for the FRP panel market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the FRP panel market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers the following 11 key questions

Q.1 What are some of the most promising potential, high-growth opportunities for the global FRP panel market end use industries (building and construction, truck and trailer, recreational vehicles and others), reinforcement (glass composites and carbon composites), matrix type (polyester composites, epoxy composites and PP composites and others), resin group (thermoset composites and thermoplastic composites), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the FRP panel market?
Q.5 What are the business risks and threats to the FRP panel market?
Q.6 What are the emerging trends in this FRP panel market and the reasons behind them?
Q.7 What are some changing demands of customers in the FRP panel market?
Q.8 What are the new developments in the FRP panel market? Which companies are leading these developments?
Q.9 Who are the major players in the FRP panel market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the FRP panel market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the FRP panel market?

Report Scope
Key Features Description
Base Year for Estimation 2019
Trend Period
(Actual Estimates) 2014-2019
Forecast Period 2020-2025
Pages 150
Market Representation / Units Revenue in US $ Billion
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling

Market Segments By end use industries (building and construction, truck and trailer, recreational vehicles and others), By reinforcement (glass composites and carbon composites), By matrix type (polyester composites, epoxy composites and PP composites and others), By resin group (thermoset composites and thermoplastic composites)

Regional Scope North America (US, Canada, Mexico), Europe (Germany, the UK, France, Italy Spain, Russia, and Others), Asia Pacific (China, Japan, India, South Korea, and Others), and RoW (Middle East, Africa, and South America)
Customization 10% Customization Without any Additional Cost

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on