Asia Pacific Glass Fiber Reinforced Plastics Composites Market Size study, by Resin Type by Process, by End Use Industry and Country Forecasts 2022-2032

Description

List of Tables

Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites Market is valued at approximately USD 6.86 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 9.47% over the forecast period 2024-2032. The Glass Fiber Reinforced Plastics (GFRP) Composites market encompasses a wide range of products and applications where glass fibers are used as reinforcement within a polymer matrix, typically resin. GFRP composites offer a combination of lightweight, high strength, corrosion resistance, and design flexibility, making them suitable for various industries such as automotive, aerospace, construction, marine, and wind energy. The Asia Pacific region is experiencing rapid industrialization and urbanization, driving demand for GFRP composites in various industries such as construction, automotive, aerospace, and marine. Growing infrastructure projects, urban development initiatives, and investments in transportation infrastructure fuel the demand for lightweight, durable, and corrosion-resistant materials like GFRP composites.

Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites Market is witnessing subsequent growth owing to rising demand across the construction, automotive, and aerospace sectors. The region's economic upturn, coupled with technological strides and a focus on lightweight materials, amplifies the appeal of GFRP. Leading industry players are directing investment into research and development initiatives, thus amplifying the momentum of market growth. Governments across the Asia Pacific region is prioritizing infrastructure development to support economic growth and improve living standards. Large-scale infrastructure projects, including construction of bridges, highways, railways, and buildings, present opportunities for GFRP composites manufacturers to supply materials for lightweight, durable, and cost-effective structural components. Moreover, growing focus on sustainability and environmental protection in the Asia Pacific region, leading to increased demand for eco-friendly materials like GFRP composites. Manufacturers are exploring sustainable sourcing, recycling, and disposal methods for GFRP composites to minimize environmental impact and meet regulatory requirements However, high initial cost, on the other hand, will stifle market growth between 2022 and 2032.

The key Countries considered for the Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market study includes China, India, Japan, South Korea, Australia and Rest of Asia Pacific. In 2023, China was the largest regional market. In its long-term strategy, the automotive industry in China is poised for further expansion in the coming years, there is a growing demand for efficient vehicles, and the increasing popularity of electric vehicles (EVs). China has prioritized the production and sale of EVs, with ambitious targets set for the future. By 2020, the country aims to produce 2 million EVs annually, with a further goal of reaching 7 million EVs per year by 2025. If achieved, this would significantly boost the share of electric vehicles to 20% of total new car production in China by 2025. Moreover, the Chinese government's focus on infrastructure development is fueling construction activities across the country. The Ministry of Transport and the National Development and Reform Commission (NDRC) have outlined plans to invest USD 724 billion in 303 key transportation projects. These projects encompass various modes of transportation, including railways, highways, waterways, airports, and urban rail networks. The substantial investment in infrastructure is expected to further stimulate economic growth and drive demand for automotive and related industries in China. The market in India, on the other hand, is expected to develop at the fastest rate over the forecast period.

Major market player included in this report are:

Jushi Group
Taishan Fiberglass
Nippon Sheet Glass
Asahi Fiber Glass
CPIC
Company 6
Company 7
Company 8
Company 9
Company 10

The detailed segments and sub-segment of the market are explained below:

By Resin Type

Polyester resin
Vinyl ester resin
Epoxy resin
Polyurethane resin
Others

By Process

Manual process
Continuous process
Compression molding
Injection molding

By End Use

Aerospace and defense
Construction
Wind energy
Automotive
Electrical and electronics
Others

By Region:

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites Market Definition and Research Assumptions

1.1.Research Objective
1.2.Market Definition
1.3.Research Assumptions
- 1.3.1.Inclusion & Exclusion
- 1.3.2.Limitations
- 1.3.3.Supply Side Analysis
  - 1.3.3.1.Availability
  - 1.3.3.2.Infrastructure
  - 1.3.3.3.Regulatory Environment
  - 1.3.3.4.Market Competition
  - 1.3.3.5.Economic Viability (Consumer's Perspective)
- 1.3.4.Demand Side Analysis
  - 1.3.4.1.Regulatory frameworks
  - 1.3.4.2.Technological Advancements
  - 1.3.4.3.Environmental Considerations
  - 1.3.4.4.Consumer Awareness & Acceptance
1.4.Estimation Methodology
1.5.Years Considered for the Study
1.6.Currency Conversion Rates

Chapter 2.Executive Summary

2.1.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites Market Size & Forecast (2022- 2032)
2.2.Regional Summary
2.3.Segmental Summary
- 2.3.1.By Resin Type
- 2.3.2. By Process
- 2.3.3. By End Use Industry
2.4.Key Trends
2.5.Recession Impact
2.6.Analyst Recommendation & Conclusion

Chapter 3.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites Market Dynamics

3.1.Market Drivers
3.2.Market Challenges
3.3.Market Opportunities

Chapter 4.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites Market: Industry Analysis

4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
- 4.1.6.Futuristic Approach to Porter's 5 Force Model
- 4.1.7.Porter's 5 Force Impact Analysis
4.2.PESTEL Analysis
- 4.2.1.Political
- 4.2.2.Economic
- 4.2.3.Social
- 4.2.4.Technological
- 4.2.5.Environmental
- 4.2.6.Legal
4.3.Top investment opportunity
4.4.Top winning strategies
4.5.Disruptive Trends
4.6.Industry Expert Perspective
4.7.Analyst Recommendation & Conclusion

Chapter 5.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites Market Size & Forecasts by Resin Type 2022-2032

5.1.Polyester resin
5.2.Vinyl ester resin
5.3.Epoxy resin
5.4.Polyurethane resin
5.5. Others

Chapter 6.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites Market Size & Forecasts by Process 2022-2032

6.1.Manual process
6.2.Continuous process
6.3.Compression molding
6.4.Injection molding

Chapter 7.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites Market Size & Forecasts by End Use Industry 2022-2032

7.1.Aerospace and defense,
7.2.Construction
7.3. Wind energy
7.4.Automotive
7.5. Electrical and electronics
7.6.Others

Chapter 8.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites Market Size & Forecasts by Country 2022-2032

8.1.China Glass Fiber Reinforced Plastics (GFRP) Composites Market
8.2.India Glass Fiber Reinforced Plastics (GFRP) Composites Market
8.3.Japan Glass Fiber Reinforced Plastics (GFRP) Composites Market
8.4.Australia Glass Fiber Reinforced Plastics (GFRP) Composites Market
8.5.South Korea Glass Fiber Reinforced Plastics (GFRP) Composites Market
8.6.Rest of Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites Market

Chapter 9.Competitive Intelligence

9.1.Key Company SWOT Analysis
9.2.Top Market Strategies
9.3.Company Profiles
- 9.3.1. Jushi Group
  - 9.3.1.1.Key Information
  - 9.3.1.2.Overview
  - 9.3.1.3.Financial (Subject to Data Availability)
  - 9.3.1.4.Product Summary
  - 9.3.1.5.Market Strategies
- 9.3.2. Taishan Fiberglass
- 9.3.3.Nippon Sheet Glass
- 9.3.4.Asahi Fiber Glass
- 9.3.5.CPIC

Chapter 10.Research Process

10.1.Research Process
- 10.1.1.Data Mining
- 10.1.2.Analysis
- 10.1.3.Market Estimation
- 10.1.4.Validation
- 10.1.5.Publishing
10.2.Research Attributes

LIST OF TABLES

TABLE 1.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market, report scope
TABLE 2.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by Country 2022-2032 (USD Billion)
TABLE 3.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by Resin Type 2022-2032 (USD Billion)
TABLE 4.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by Process 2022-2032 (USD Billion)
TABLE 5.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by End Use Industry 2022-2032 (USD Billion)
TABLE 6.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16.China Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17.China Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18.China Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 19.India Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 20.India Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21.India Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 22.Japan Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 23.Japan Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24.Japan Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 25.Australia Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 26.Australia Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27.Australia Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 28.South Korea Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 29.South Korea Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30.South Korea Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 31.
TABLE 32.RoAPAC Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 33.RoAPAC Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 34.RoAPAC Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 35.List of secondary sources, used in the study of Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites Market.
TABLE 36.List of primary sources, used in the study of Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites Market.
TABLE 37.Years considered for the study.
TABLE 38.Exchange rates considered.

LIST OF FIGURES

FIG 1.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market, research methodology
FIG 2.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market, market estimation techniques
FIG 3.Asia Pacific market size estimates & forecast methods.
FIG 4.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market, key trends 2023
FIG 5.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market, growth prospects 2022-2032
FIG 6.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market, porters 5 force model
FIG 7.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market, pestel analysis
FIG 8.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market, value chain analysis
FIG 9.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, 2022 & 2032 (USD Billion)
FIG 10.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, 2022 & 2032 (USD Billion)
FIG 11.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, 2022 & 2032 (USD Billion)
FIG 12.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, 2022 & 2032 (USD Billion)
FIG 13.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, 2022 & 2032 (USD Billion)
FIG 14.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market, Country snapshot 2022 & 2032
FIG 15.Asia pacific Glass Fiber Reinforced Plastics (GFRP) Composites market 2022 & 2032 (USD Billion)
FIG 16.Asia Pacific Glass Fiber Reinforced Plastics (GFRP) Composites market, company market share analysis (2023)