GFRP Composites Market Worth 59.87 Billion USD by 2022 - Seite 2

Asia Pacific accounted for a major share of the GFRP Composites Market in 2016. 

The Asia Pacific region accounted for the largest share of the global GFRP Composites Market in 2016, owing to its high demand from the wind energy, electrical & electronics, and construction end-use industries in the region, accompanied by regulatory norms mandating the use of eco-friendly materials. The growth of the wind energy industry in the region has increased the demand for lightweight GFRP composites. The greater focus by India and China on the production of electricity through renewable resources and the increasing wind installations in China, Japan, India, and other emerging countries are expected to drive the GFRP Composites Market in the region. The construction sector is also driving the GFRP Composites Market, especially in China and Japan.

Some of the key players in the GFRP Composites Market are Owen Corning (US), Jushi Group (China), Nippon Sheet Glass (Japan), PPG Industries (US), Saint Gobain (France), and others. These players have adopted various organic and inorganic developmental strategies in the past 5 years to maintain their position in the global GFRP Composites Market.

Based on manufacturing process, the compression & injection molding segment accounted for the largest share of the GFRP Composites Market in 2016. 

Based on manufacturing process, the compression & injection molding segment accounted for the largest share of the global GFRP Composites Market, in terms of value, in 2016. This growth can be attributed to high compatibility of the injection molding manufacturing process in various industries such as transportation and electrical & electronics.

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