Fiber reinforced plastic
is a composite material made from polymer matrix blended with certain reinforcing materials. Fiber reinforced plastic is preferred because of its high resistance to corrosion and low weight. The products available in the fiber reinforced plastic composites have been incorporated in various applications since 1950s because of their relatively low cost in comparison with traditional materials and are easily available. Additionally, FRP Panels and sheets are of low weight and high strength which gives it advantage over traditional panels and sheets.The global FRP panels and sheets market
has been analyzed with respect to different parameters such as demand, supply, end-users and providers of FRP panels and sheets. FRP panels and sheets market is categorized by fibers, resins, end-users and geography. On the basis of fiber, glass and carbon fiber are the main sub-segments as they dominate the market. Transportation, aerospace and infrastructure industries are the major end-users for FRP panels and sheets. On the basis of Resin, market is segmented into thermoplastic and thermoset resin which is further sub-segmented.
The overall market is also presented from the perspective of different geographic regions and the key countries in each region. America is the dominant market which held more than one-third share in 2015. North America has the largest number of end user industries for FRP panels and sheets. FRP panels and sheets market is dominated by mainly five major companies, namely:
- Crane Composites, Inc. (U.S)
- Kalwall Corporation (U.S)
- Polser FRP Panels Inc (Turkey)
- Strongwell Corporation (U.S)
- Plastics Plus Ltd. (Canada).
These companies have significant presence in the FRP panels and sheets market with good brand image. Other players in this market include:
- Nudo Products, Inc. (U.S)
- Enduro Composites (U.S)
- Fiber-Tech Industries, Inc. (U.S)
- Glasteel (U.S)
- Panolam Industries International Inc. (U.S) and others.