Lucintel Estimates the Global FRP Panel Market to Reach $496 Million by 2018

222 Las Colinas Blvd West, Suite 1650, Irving, TX 75039, USA, April 22, 2015 (Newswire.com) - FRP panels are used in a variety of industries, such as construction, automotive, and aerospace. In comparison to other materials, such as aluminum, concrete, and wood, FRP offers a number of features, including resistance to mold, mildew, and bacteria growth; high impact strength; high moisture resistance; chemical resistance; stain resistance; sanitary finish; low maintenance; and easy installation. All these make FRP materials an ideal choice for different applications in construction and transportation. FRP panels are growing in use for applications where weight saving, corrosion resistance, durability, and other performance benefits are critical.

The global FRP panel market is expected to reach $496 million by 2018. North America is expected to represent more than 50% of the global FRP panel market by 2018. Increased environmental legislation, standards, and awareness in various applications of FRP panels along with the growth in end user industries are expected to drive this market. With high market acceptance, there will be a significant jump in the market share for FRP panels in different applications. Crane Co., Stabilit America, and Lamilux are some of the suppliers of FRP panels.

Lucintel, a leading global management consulting and market research firm, has analyzed the global FRP panel market by segments, raw materials, and regions and has come up with a comprehensive research report, “Global FRP Panel Market 2013-2018: Trends, Forecast, and Opportunity Analysis.” This report provides an analysis of the global FRP panel market, including analysis of market trends, competitive landscapes, company profiles, emerging trends, and key drivers of market growth. The study also includes forecasts for the global FRP panel market through 2018, segmented by regions and raw materials as follows:

The global FRP panel market segmented by regions:

·         North America

·         Europe

·         Asia Pacific

·         Rest of World

The global FRP panel market segmented by types of materials:

·         Fiberglass

·         Polyester Resin

·         Epoxy Resin

·         Filers and Others

This research report will enable you to make confident business decisions in the global FRP panel market. For a detailed table of contents and pricing information on this timely, insightful report, click on this link http://www.lucintel.com/reports/chemical_composites/growth_opportunities_in_frp_panel_market_2013-2018_trends_forecast_and_market_share_november_2013.aspx or contact Lucintel at +1-972-636-5056, or via email at [email protected]. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com. You can also contact us through Live Chat, located on the website, to answer your questions in real time.

About Lucintel

Lucintel has been in the business for 15 years and has served thousands of clients, ranging from small, emerging organizations to multinational Fortune 500 companies such as 3M, Ashland, Audi, Dow, GE, General Motors, and Momentive. Lucintel is a growth accelerator firm that helps companies with market entry strategies, growth financing, M&A, market research, and strategic consulting services. Let us create a growth roadmap that meets your goals and budget. For further information, visit www.lucintel.com.