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Global Aluminum FRP Market 2017-2021


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Market research analysts at Technavio predict that the global aluminum FRP market will grow steadily at a CAGR of around 4% by 2021. Owing to the replacement of steel with aluminium FRPs the market witnessed a significant demand from the automotive and transportation segment in the recent years. This substitution is mainly due to the weight advantage that aluminum offers over steel. In addition to boosting the fuel economy, reducing emissions, and increasing the overall performance of the vehicle, aluminum FRPs also help the automotive manufacturers improve the durability and safety of their products. This will increase the preference of aluminum FRP for manufacturing luxury cars as well, since they help automakers improve the dent resistance by making thicker body panels at an overall reduced vehicle weight. According to this market research and analysis, this demand for aluminum FRP from the automobile industry is identified as one of the primary growth factors for this market.

The emergence of alternative energy generation is one of the latest trends that will gain traction in the aluminum FRP market during the next four years. Owing to their energy-efficient, eco-friendly, and sustainable benefits, aluminum FRPs will be widely used in the production of solar panels. This will in turn, assist several renewable energy sectors to overcome environmental challenges. Aluminum sheets can also sustain in harsh outdoor environments and can be applied for light concentration or reflection. Additionally, the use of aluminum FRPs is also increasing in photovoltaic panels for power enhancement.

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Global Aluminum FRP Market 2017-2021

  1. 1. Global Aluminum FRP Market 2017-2021
  2. 2. 2 Scope of this Report01 1. Market landscape, size and forecast 2. Key market highlights 3. Understanding the challenges faced by the market 4. Future market outlook and the roadmap 5. Key focus areas for the vendors 6. Major trends that will shape the future of this market 7. Vendor landscape and trajectory of the market
  3. 3. 3 Growth Rate02 Global aluminum FRP market will grow at a CAGR of close to 4% by 2021.
  4. 4. 4 Key Vendors Featured in this Report03 • Alcoa • Aleris • Norsk Hydro • Novelis • RUSAL Request a Sample
  5. 5. 5 Regions/Countries Covered in this Report04 • Americas • APAC • EMEA View the Report: Global Aluminum FRP Market 2017-2021
  6. 6. 6 Key Questions Answered in this Report05 • What will the market size be in 2021? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors? Have questions about this report? Contact Us Contact Us
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