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Recent research: Fiber reinforced polymer (FRP) panels & sheets market is projected to reach USD 1,084.7 million by 2021

Recent research: Fiber reinforced polymer (FRP) panels & sheets market is projected to reach USD 1,084.7 million by 2021

Fiber Reinforced Polymer (FRP) Panels & Sheets Market is projected to reach USD 1,084.7 million by 2021, registering a CAGR of 6.53% between 2016 and 2021.

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The strong growth of the truck & trailers market, recovery of the recreational vehicles and the non-residential construction sector from economic recession of 2008–2009, and long life cycle and low maintenance cost of FRP panels & sheets are the major drivers fueling the growth of the global FRP panels & sheets market.

 

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Recreational vehicles are temporary living quarters primarily developed for leisure activities such as vacations and camping. After the recovery from economic recession of 2008–2009, the shipment of recreational vehicles increased from 356.70 thousand units in 2014 to 374.10 thousand units 2015 owing to low fuel prices and interest rates, rising costs of airline fares, and increase in popularity of outdoor activities such as camping, tailgating, and sports events.

Thus, the increasing demand for recreational vehicles plays a crucial role in driving the need for FRP panels & sheets.

- Agency -.

North America is the largest and fastest-growing market for FRP panels & sheets. The rising demand for high performance, lightweight, and fuel-efficient materials from the transportation and construction industries and increasing new product launches and other development strategies in the region lead to the growth of the FRP panels & sheets market in this region.

Complete report on Fiber Reinforced Polymer (FRP) Panels & Sheets Market spread across 124 pages, profiling 10 companies and supported with 69 tables and 39 figures is now available at

http://www.rnrmarketresearch.com/fiber-reinforced-polymer-frp-panels-sheets-market-by-application-recreational-vehicles-building-construction-truck-trailers-and-others-and-by-region-global-forecasts-to-2021-market-report.html

This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (35%); Tier 2 (25%) and Tier 3 (40%) companies were contacted for interviews.

The interviews were conducted with various key people such as C level (30%), Director Level (25%) and others (45%) from various key organizations. The primary interviews were conducted worldwide covering regions such as Asia-Pacific (20%), Europe (30%), North America (35%), and Row (15%).  

Access Fiber Reinforced Polymer (FRP) Panels & Sheets Market by Application (Recreational Vehicles, Building & Construction, Truck & Trailers, and Others), and by Region - Global Forecasts to 2021 at www.rnrmarketresearch.com/contacts…ount?rname=637822 .

The report also provides company profiles and competitive strategies adopted by the major market players; the various key players profiled in the report such as Crane Composites, Inc. (U.S.), Glasteel, Inc. (U.S.), U.S. Liner Company (U.S.), Brianza Plastica S.p.A. (Italy), Optiplan GmbH (Germany), Polser  Fiberglass Reinforced Plastics Ltd. (Turkey), Panolam Surface Systems (U.S.), LAMILUX Heinrich Strunz Group (Germany), Vetroresina SPA (Italy), Dongguang Higoal FRP Corporation (China), C-Sco Sandwich Panel & Shelters Industry Co. Ltd. (China), Everest Composites Pvt. Ltd. (India), Yangzhou Wansheng Industrial Co. Ltd. (China), Anlite Industrial (China).

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