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Major Drivers for GFRP Composites Market in Future – Report by MarketsandMarkets
Date:7/27/2014

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The injection, compression, and continuous processes dominate the GFRP Composites production and will be growing at a healthy CAGR for the next five years. Within the injection processes, thermoplastic injection molding (TIM) and resin transfer molding (RTM) process will drive majority of the future growth in the GFRP Composites market. Injection processes allow quick production and turnaround of products and components at a very low price point, making it one of the most cost-effective options. Injection process does not require pre-forms and have the shortest cure times out of any other method.

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The GFRP Composites market is driven by rapid growth of end user industries globally; especially in emerging economies such as BRIC countries. The emerging countries are expected to contribute almost a third of the future growth coming in the GFRP Composites market. Asia-Pacific, growing at the highest CAGR, continues to lead the market due to fast growing GFRP Composites industry in China and India. The U.S. and European countries are leading in research and development of high performance glass fiber products for transportation, aerospace & defense, and wind energy sectors.

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