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Europe Glass Fiber Reinforced Plastics (GFRP) Composites Market Size study, by Resin Type (Polyester resin, Vinyl ester resin, Epoxy resin, Polyurethane resin, Others) by Process (Manual process, Continuous process, Compression molding, Injection molding), by End Use Industry (Aerospace and defense, Construction, Wind energy, Automotive, Electrical and electronics, Others) and Country Forecasts 2022-2032

May 2024 | 200 pages | ID: E672CC9737FFEN
Bizwit Research & Consulting LLP

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Europe Glass Fiber Reinforced Plastics (GFRP) Composites Market is valued approximately USD 4.08 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.97% over the forecast period 2024-2032. The Glass Fiber Reinforced Plastics (GFRP) Composites encompasses a wide range of products and applications where glass fibers are used as reinforcement within a polymer matrix, typically resin. This composite offer a combination of lightweight, high strength, corrosion resistance, and design flexibility, making them suitable for various industries such as automotive, aerospace, construction, marine, and wind energy. Europe is a leading market for wind energy, and GFRP composites play a crucial role in the manufacturing of wind turbine blades. As the wind energy sector continues to grow and installations of wind turbines increase, the demand for GFRP composites is expected to rise significantly.

There is a rising demand for GFRP composites in the automotive industry in Europe. Automakers are increasingly using GFRP materials to manufacture lightweight components such as body panels, chassis parts, and interior trim. This trend is driven by the need to reduce vehicle weight to improve fuel efficiency and meet stringent emissions regulations. Moreover, GFRP composites are increasingly being used in the renewable energy sector in Europe, particularly in wind energy. Wind turbine blades made from GFRP materials offer advantages such as high strength-to-weight ratio, corrosion resistance, and fatigue resistance. As the demand for clean energy continues to grow, the use of GFRP composites in wind turbine blades is expected to increase. Furthermore, the market is driven by focus on adoption of Sustainable Materials and Advancements in Manufacturing Technologies. However, high initial costs and limited recycling infrastructure is expected to hinder the market growth between 2022 and 2032.

The key countries considered for the Europe Glass Fiber Reinforced Plastics (GFRP) Composites market study includes UK, Germany, France, Italy, Spain, and Rest of Europe. In 2023, Germany was the largest market in the regional market. In its long-term strategy, owing to rising automotive industry, rising manufacturing of electric vehicles in the region. According to data from the Federal Motor Transport Authority, the first half of 2022 witnessed a noteworthy surge in electric car registrations in Germany, marking a 25% increase compared to the corresponding period in the previous year. This boost elevated the share of fully electric vehicles to 13.5% of all new registrations. Overall, registrations of alternative-drive cars, encompassing battery electric vehicles, hybrids, plug-in hybrids, hydrogen fuel cell vehicles, and gas vehicles, experienced a robust 14.2% increase, constituting almost half of all new car registrations. In the realm of electric mobility, German brands played a prominent role, capturing a substantial 50.6% share of new passenger car registrations with electric drive. As part of a visionary initiative, Germany aims to have 15 million electric vehicles on the road by 2030. The market in UK, on the other hand, is expected to develop at the fastest rate over the forecast period.

Major market player included in this report are:
Solvay S.A.
Arkema Group
Teijin Limited
Sika AG
BASF SE
LANXESS AG
Company 7
Company 8
Company 9
Company 10

The detailed segments and sub-segment of the market are explained below:

By Resin Type
Polyester resin
Vinyl ester resin
Epoxy resin
Polyurethane resin
Others

By Process
Manual process
Continuous process
Compression molding
Injection molding

By End Use
Aerospace and defense
Construction
Wind energy
Automotive
Electrical and electronics
Others
By Region:
Europe
UK
Germany
France
Spain
Italy
ROE

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and Country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
CHAPTER 1. EUROPE GLASS FIBER REINFORCED PLASTICS (GFRP) COMPOSITES MARKET DEFINITION AND RESEARCH ASSUMPTIONS

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
  1.3.1. Inclusion & Exclusion
  1.3.2. Limitations
  1.3.3. Supply Side Analysis
    1.3.3.1. Availability
    1.3.3.2. Infrastructure
    1.3.3.3. Regulatory Environment
    1.3.3.4. Market Competition
    1.3.3.5. Economic Viability (Consumer’s Perspective)
  1.3.4. Demand Side Analysis
    1.3.4.1. Regulatory frameworks
    1.3.4.2. Technological Advancements
    1.3.4.3. Environmental Considerations
    1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Europe Glass Fiber Reinforced Plastics (GFRP) Composites Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
  2.3.1. By Resin Type
  2.3.2. By Process
  2.3.3. By End Use Industry
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

CHAPTER 3. EUROPE GLASS FIBER REINFORCED PLASTICS (GFRP) COMPOSITES MARKET DYNAMICS

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

CHAPTER 4. EUROPE GLASS FIBER REINFORCED PLASTICS (GFRP) COMPOSITES MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economic
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. EUROPE GLASS FIBER REINFORCED PLASTICS (GFRP) COMPOSITES MARKET SIZE & FORECASTS BY RESIN TYPE 2022-2032

5.1. Polyester resin
5.2. Vinyl ester resin
5.3. Epoxy resin
5.4. Polyurethane resin
5.5. Others

CHAPTER 6. EUROPE GLASS FIBER REINFORCED PLASTICS (GFRP) COMPOSITES MARKET SIZE & FORECASTS BY PROCESS 2022-2032

6.1. Manual process
6.2. Continuous process
6.3. Compression molding
6.4. Injection molding

CHAPTER 7. EUROPE GLASS FIBER REINFORCED PLASTICS (GFRP) COMPOSITES MARKET SIZE & FORECASTS BY END USE INDUSTRY 2022-2032

7.1. Aerospace and defense,
7.2. Construction
7.3. Wind energy
7.4. Automotive
7.5. Electrical and electronics
7.6. Others

CHAPTER 8. EUROPE GLASS FIBER REINFORCED PLASTICS (GFRP) COMPOSITES MARKET SIZE & FORECASTS BY COUNTRY 2022-2032

8.1. U.K. Glass Fiber Reinforced Plastics (GFRP) Composites market
    8.1.1.1. Resin Type breakdown size & forecasts, 2022-2032
    8.1.1.2. Process breakdown size & forecasts, 2022-2032
    8.1.1.3. End Use Industry breakdown size & forecasts, 2022-2032
8.2. Germany Glass Fiber Reinforced Plastics (GFRP) Composites market
8.3. France Glass Fiber Reinforced Plastics (GFRP) Composites market
8.4. Spain Glass Fiber Reinforced Plastics (GFRP) Composites market
8.5. Italy Glass Fiber Reinforced Plastics (GFRP) Composites market
8.6. Rest of Europe Glass Fiber Reinforced Plastics (GFRP) Composites market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Solvay S.A.
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. Arkema Group
  9.3.3. Teijin Limited
  9.3.4. Sika AG
  9.3.5. BASF SE
  9.3.6. LANXESS AG
  9.3.7. Company
  9.3.8. Company
  9.3.9. Company
  9.3.10. Company

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market report scope
TABLE 2. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by Country 2022-2032 (USD Billion)
TABLE 3. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by Resin Type 2022-2032 (USD Billion)
TABLE 4. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by Process 2022-2032 (USD Billion)
TABLE 5. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by End Use Industry 2022-2032 (USD Billion)
TABLE 6. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, estimates & forecasts, 2022-2032 (USD Billion) Europe Glass Fiber Reinforced Plastics (GFRP) Composites market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. UK Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. UK Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. UK Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Germany Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Germany Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Germany Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. France Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22. France Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. France Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. Italy Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 25. Italy Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. Italy Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. Spain Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 28. Spain Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. Spain Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. RoE Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 31. RoE Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32. RoE Glass Fiber Reinforced Plastics (GFRP) Composites market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. List of secondary sources, used in the study of Europe Glass Fiber Reinforced Plastics (GFRP) Composites market .
TABLE 34. List of primary sources, used in the study of Europe Glass Fiber Reinforced Plastics (GFRP) Composites market .
TABLE 35. Years considered for the study.
TABLE 36. Exchange rates considered.

LIST OF FIGURES

FIG 1. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market , research methodology
FIG 2. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market , market estimation techniques
FIG 3. Europe market size estimates & forecast methods.
FIG 4. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market , key trends 2023
FIG 5. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market , growth prospects 2022-2032
FIG 6. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market , porters 5 force model
FIG 7. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market , pestel analysis
FIG 8. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market , value chain analysis
FIG 9. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, 2022 & 2032 (USD Billion)
FIG 10. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, 2022 & 2032 (USD Billion)
FIG 11. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, 2022 & 2032 (USD Billion)
FIG 12. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, 2022 & 2032 (USD Billion)
FIG 13. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market by segment, 2022 & 2032 (USD Billion)
FIG 14. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market , Country snapshot 2022 & 2032
FIG 15. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market 2022 & 2032 (USD Billion)
FIG 16. Europe Glass Fiber Reinforced Plastics (GFRP) Composites market , company market share analysis (2023)


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