Wednesday, March 6, 2013

The global glass fibre reinforced plastic (GRFP) composites market will total $29.4bn in 2013

There are signs for optimism in the global GFRP composites market. Factors for growth include the recovery in the global economy and improving prospects in various end-use markets. Because Glass Fibre composites are dependable, predictable, versatile, and cost-effective for use, the demands for its use are higher than ever before. The enormous potential in Asian countries, particularly China and India, are likely to foster further growth in the glass fibre market. The US and European countries are the leading regions for the research and development of high performance glass fibre products while developing countries are in the early stages of new product development. Visiongain assesses that the global glass fibre reinforced plastic (GRFP) composites market will total $29.4bn in 2013.

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