Fiber Reinforced Plastic (FRP) Market - Forecast (2021 - 2026) - PowerPoint PPT Presentation

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Fiber Reinforced Plastic (FRP) Market - Forecast (2021 - 2026)

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Fiber Reinforced Plastic (FRP) market size is forecast to reach $172.2 billion by 2026, after growing at a CAGR of 4.2% during 2021-2026. Fiber Reinforced Plastic (FRP) composite is termed as a polymer that is reinforced with Fiber such as glass fiber, carbon fiber, aramid fiber, basalt fiber, and Others. The major drivers for growth in this market are increasing demand for in the transportation, construction, and electrical and electronics industry owing to its properties like light weight, high strength, resistance to corrosion and others. The epoxy and polyester resin is the foremost preference when it comes to any kind of construction like exterior and interior wall panels, beams, slabs, exterior façade, and others. The Asia-Pacific is expected to remain the largest region by value and volume and it is also expected to experience the highest growth over the forecast period. – PowerPoint PPT presentation

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