According to a market report by Lucintel, the future of the global Glass Fiber Reinforced Plastic (GFRP) Market looks promising with opportunities in various end uses, including transportation, marine, wind energy, pipe and tank, construction, electrical and electronics, consumer goods, and aerospace. The global GFRP market is expected to reach an
Lucintel Forecasts Composites Market to Reach $70.0 billion by 2030
According to the recent study the composites market is projected to reach an estimated $70.0 billion by 2030 from $53.0 billion in 2023, at a CAGR of 4% from 2023 to 2030. Growth in this market is primarily driven by increasing demand for lightweight materials in the aerospace & defense, and automotive industries; corrosion- and- chemical-resis
Lucintel Forecasts Carbon Fiber Market to Reach $5.0 Billion by 2030
According to the recent study the carbon fiber market is projected to reach an estimated $5.0 billion by 2030 from $3.4 billion in 2023, at a CAGR of 6% from 2023 to 2030. Growth in this market is primarily driven by growth, owing to factors such as increasing demand for lightweight and fuel-efficient vehicles, aerospace advancements, wind energy e
Lucintel Forecasts Carbon Fiber Reinforced Plastic Market to Reach $49.0 Billion by 2030
According to the recent study the carbon fiber reinforced plastic market is projected to reach an estimated $49.0 billion by 2030 from $29.9 billion in 2023, at a CAGR of 7.0% from 2023 to 2030. Growth in this market is primarily driven by growing demand for high performance and lightweight composite materials and increasing performance requirement
Lucintel Forecasts Chinese Glass Fiber Market to Reach $5.0 billion by 2030
According to the recent study the Chinese glass fiber market is projected to reach an estimated $5.0 billion by 2030 from $3.6 billion in 2023, at a CAGR of 5.0% 2023 to 2030. Growth in this market is primarily driven by growth is high demand of glass fiber in electrical and electronics segment specially for printed circuit boards where glass fiber