An exciting new study from the team of Lucintel found that FRP panel market is expected to reach $1.4 billion by 2027 with a CAGR of 4.8%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The FRP panel market is segmented based on end use industry, reinforcement, matrix, resin group and region. In this market, polyester based composite is expected to remain the largest matrix, and building and construction segment is expected to remain the largest end use. Players can benefit from the available opportunities like the growing residential and commercial construction industry and increasing production of recreational vehicles and trucks & trailers. ROW is also expected to witness the highest growth over the forecast period.
Carbon composites gaining popularity in the recreational vehicle market, and companies focusing on thermoplastic composites panel for the end use industries are emerging trends having impact on dynamics of the industry.
Crane Composites Inc., Lamilux Heinrich Strunz Holding GmbH & Co. KG, US Liner Company, Glasteel Inc., Fibrosan, Wabash National, Kalwall Corporation, Panolam Industries Inc., Fiber-Tech IndsutriesEnaris S.A, Miyabi are some of the major players profiled in this 204 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the FRP panel market by 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 the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the FRP panel market?
Q.4 What are some changing demands of customers in the FRP panel market?
Q.5 What are the new developments in the FRP panel market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this FRP panel area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this FRP panel market?
This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.