According to a new market report published by Lucintel, the future of the global FRP panel market looks promising with opportunities in the building and construction, truck and trailer, and recreational vehicle industries. The FRP panel market is expected to decline by 21% in 2020, but it is likely to recover in 2021 to reach an estimated $1.3 billion by 2025 with a CAGR of 7.9% from 2020 to 2025. The major drivers for this market are the increasing residential and commercial construction activities and rising demand for durable, corrosion resistant, and lightweight products in the construction and truck and trailer industries.
In this market, polyester, epoxy, and polypropylene are the major resin used to manufacture FRP panels for various end use industries. Lucintel forecasts that polyester based FRP panel will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to its low cost and mostly used in applications, such as side wall panels, roof, and floors.
Within the FRP panel market, building and construction will remain the largest end use industry due to growing demand for fiber reinforced plastics in wall, roof, and floor panel applications. The recreational vehicle market is expected to witness the highest growth over the forecast period due to increasing demand for FRP panels which are lightweight, high performance, and low maintenance than other traditional materials.
North America will remain the largest region and it is also expected to witness the highest growth over the forecast period due to the growing residential and commercial construction industry and increasing production of recreational vehicles and trucks & trailers.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing use of fire resistance resin in FRP panel manufacturing and rising popularity of carbon composites in the recreational vehicle and truck and trailer markets. Crane Composites, Lamilux Heinrich Strunz Group, US Liner Company, Kalwall Corporation, Fibrosan, Panolam Industries, and Polser FRP Panel Inc. are the major manufacturers of FRP panels.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global FRP panel market by end use industry, reinforcement, matrix type, resin group, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global FRP Panel Market 2020-2025: Trends, Forecast, and Opportunity Analysis”. This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global FRP panel market by end use industry, fiber type, resin type, resin group, and region as follows:
By End Use Industry [million pounds and $ million shipment analysis for 2014 – 2025]:
• Building and Construction
• Trucks and Trailers
• Recreational Vehicles
• Others
By Fiber Type [million pounds and $ million shipment analysis for 2014 – 2025]:
• Glass Composites
• Carbon Composites
By Resin Type [million pounds and $ million shipment analysis for 2014 – 2025]:
• Polyester Based Composites
• Epoxy Based Composites
• PP Based Composites and Others
By Resin Group [million pounds and $ million shipment analysis for 2014 – 2025]:
• Thermoset Composites
• Thermoplastic Composites
By Region [million pounds and $ million shipment analysis for 2014 – 2025]:
• North America
- US
- Canada
- Mexico
• Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Others
• Asia Pacific
- China
- Japan
- India
- South Korea
- Others
• Rest of the World
- Middle East
- Africa
- South America
This 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected]. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting.

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the global FRP panel market by end use industry (building and construction, trucks and trailers, recreational vehicles, and others), Fiber type (glass composites and carbon composites), resin type (polyester composites, epoxy composites and PP composites others), resin group (thermoset composites and thermoplastic composites), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the FRP panel market?
Q.5 What are the business risks and threats to the FRP panel market?
Q.6 What are the emerging trends in the FRP panel market and the reasons behind them?
Q.7 What are some changing demands of customers in the FRP panel market?
Q.8 What are the new developments in the FRP panel market? Which companies are leading these developments?
Q.9 Who are the major players in the FRP panel market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the FRP panel market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the FRP panel market?