Glass Fiber Reinforced Polypropylene Market Summary
According to the new market research report “Global Glass Fiber Reinforced Polypropylene Market Report 2024-2030”, published by QYResearch, the global Glass Fiber Reinforced Polypropylene market size is projected to reach USD 5.41 billion by 2030, at a CAGR of 5.2% during the forecast period.
- Global Glass Fiber Reinforced Polypropylene MarketSize(US$ Million), 2019-2030
Above data is based on report from QYResearch: Global Glass Fiber Reinforced Polypropylene Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
- Global Glass Fiber Reinforced Polypropylene Top15Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Above data is based on report from QYResearch: Global Glass Fiber Reinforced Polypropylene Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
According to QYResearch Top Players Research Center, the global key manufacturers of Glass Fiber Reinforced Polypropylene include SABIC, Celanese, Borealis, Sumitomo Chemical, Mitsubishi Chemical, Trinseo, Avient, Daicel, Kingfa, RTP, etc. In 2023, the global top five players had a share approximately 61.0% in terms of revenue.
- Glass Fiber Reinforced Polypropylene,Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global Glass Fiber Reinforced Polypropylene Market Report 2024-2030.
In terms of product type, currently PP-LGF is the largest segment, hold a share of 70.1%.
- Glass Fiber Reinforced Polypropylene,Global Market Size, Split by ApplicationSegment
Based on or includes research from QYResearch: Global Glass Fiber Reinforced Polypropylene Market Report 2024-2030.
In terms of product application, currently Automobile is the largest segment, hold a share of 68.6%.
- Glass Fiber Reinforced Polypropylene,Global Market Size, Split by Region
Based on or includes research from QYResearch: Global Glass Fiber Reinforced Polypropylene Market Report 2024-2030.
Market Drivers:
D1: Under the background of the development of automobile lightweight and electronic miniaturization, the application of glass fiber reinforced PP has a broad prospect.
D2: With the development of the national economy and the progress of plastic modification processing technology, modified plastic products functionalization, lightweight, environmental protection will become the future goal and direction of the industry upgrade and development, will be more widely used in energy conservation and environmental protection, high-end equipment manufacturing, new energy vehicles and other fields, the development potential is huge.
D3: Furthermore, the increasing demand of PP compounds for plastics usage across major end use industries such as construction, electronics and others will offer major growth in the Glass-Reinforced PP Compound market size during the forecast period.
Restraint:
R1: Raw materials and labor cost increasing will affect the price of GFPP.
R2: High R&D costs, manufacturing and processing costs are the major challenges for the key players to manufacture cost-effective products in the market.
R3: Some of the downstream industries of glass fiber reinforced polypropylene, such as the automotive industry, electrical and electronic appliances, construction engineering, machinery industry, etc., have high requirements for product quality and safety.
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