Key vendors are strategically increasing their sales by selling various products to different end-users
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global GF and GFRP composites market in their latest research report. This report also lists 5 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of GF and GFRP for end-users such as transportation, construction, and infrastructure, consumer goods, electrical and electronics, and marine.
- Transportation: It is used in under-hood applications to strengthen the structure, and it provides chemical resistance and durability. These composites are also used in the production of bumper beams, interiors, brake pads, and exterior panels.
- Consumer goods: It is used for manufacturing sporting products for baseball and hockey and fiberglass reinforced boats, jet skis, and swimming pools owing to its flexibility and lightweight.
This Technavio report, under glass and ceramics vertical, is based on the synthesis, analysis, and interpretation of information about the global GF and GFRP composites market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The sellers are focusing on the expansion of production plants and product innovations to sustain the competition in the market and gain market shares. The demand for GF and GFRP composites from the automotive and construction industries will encourage vendors to increase production and invest in launching innovative products. The vendors need to develop new technologies and stay acquainted with the emerging technologies that could enhance their product lines to gain a competitive advantage over other vendors. The companies with better technical and financial resources can develop innovative products and increase their investment in research and development.
“The manufacturers are developing stronger fiberglass using nanotechnology that uses nanomaterials for the production of these glasses. The nano-filled resins have characteristics such as enhanced thermal, electrical conductivity and reduced flammability. The application of these fiber glasses is high in wind energy and other applications using CNT-enhanced composites,” says Ajay A, a lead analyst at Technavio for research on glass and ceramics.
Top five vendors in the GF and GFRP composites market space
Asahi Glass
The company provides solutions related to glass, chemicals, and ceramic technologies. The company has marked its presence in the GFRP market through its subsidiary AGC Matex. It offers GFRP products that have applications in architecture, civil engineering, environment and chemistry, electricity and electronics, railway, car parts, and energy industries. Recently, it launched infoverre product named infoverre mirror for residential and commercial facilities.
China Beihai Fiberglass
China Beihai Fiberglass manufactures and markets fiberglass products like chopped strands, woven roving, and electronic fiberglass yarn and fabrics. Its products find applications in end-use markets such as electronics and electricals, transportation, and building and construction. The company owns three production lines for fiberglass with the annual fiberglass roving output of 380,000 tons; fiberglass chopped strand mat output of 66,000 tons, and fiberglass woven roving output of 33,000 tons.
Nippon Electric Glass
Nippon Electric Glass manufactures and markets products such as glass for LCD, glass for optical devices, and glass for electronics devices and building materials. The company provides GFs for reinforcing a variety of materials, ranging from plastics to concrete. It offers products such as chopped strands for function plastics and alkali resistant GF that have applications such as civil engineering, construction, automobile, and electricals and electronics. Recently, the company launched a joint development project of glass fillers with Nippon Sheet Glass to expand its business. These glass fillers are used to improve the strength and enhance the dimensional stability of engineering plastics.
PPG
PPG manufactures a broad range of glass products, coatings, and specialty materials. Its products cater to industrial, transportation, consumer products, and construction markets. The company produces its products through a partnership with Nan Ya Plastics to serve the electronics industry in Asia. In recent times, it expanded its TUFROV long fiber thermoplastic roving portfolio with TUFROV 4589.
Saint-Gobain
Saint-Gobain offers building and high-performance materials. It serves the automobile and transportation, aeronautical and aerospace, defense and security, health and biomedical, and industrial equipment industries. Its product range includes textile chopped strands and texturized, E-glass single, beamed, C-glass staple fiber, volumized, and ZeroTwist yarns. Recently, it signed an agreement to purchase Structus Building Technologies, a manufacturer of high-performance drywall corner solutions of Bend, Oregon, US.
Other prominent vendors in this market include Binani Industries, Chongqing Polycomp International, Fiberex Technologies, Taishan Fiberglass, and Taiwan Glass Industry.
A more detailed analysis is available in the Technavio report, Global GF and GFRP Composites Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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