Indonesia Glass Fibre Reinforced Plastic Market (2025-2031) Outlook | Value, Revenue, Trends, Analysis, Growth, Companies, Industry, Size, Share & Forecast
Market Forecast By Type (Polyester, Vinyl Ester, Epoxy, Polyurethane, Peek Resin, Others), By Application (Wind Energy, Transportation, Marine, Pipe & Tanks, Others) And Competitive Landscape
| Product Code: ETC371728 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Indonesia Glass Fibre Reinforced Plastic Market Synopsis
The Indonesia Glass Fibre Reinforced Plastic (GRP) market is experiencing substantial growth due to its versatility and wide range of applications. GRP is becoming increasingly popular in sectors such as construction, automotive, aerospace, and marine due to its lightweight, corrosion resistance, and durability. In Indonesia, the construction industry, in particular, is a major driver for GRP demand, as it finds applications in roofing, panels, and other structural elements. As the country continues to invest in infrastructure development, the GRP market is poised for sustained growth.
Drivers of the Market
The glass fiber reinforced plastic (GRP) market in Indonesia is influenced by the construction, automotive, and marine industries. GRP is valued for its lightweight, corrosion-resistant properties, making it a preferred material for a range of applications, including building components, automotive parts, and boat manufacturing. The construction of infrastructure projects, the expansion of the automotive industry, and the development of maritime transportation have all contributed to the growth of the GRP market. Additionally, environmental concerns and the need for sustainable materials are driving innovation in GRP production and applications.
Challenges of the Market
The glass fibre reinforced plastic (GRP) market in Indonesia faces challenges in terms of quality control and consistency in manufacturing. Ensuring the right mix of glass fibre and resin to meet varying application requirements is a persistent challenge. Moreover, the market must contend with environmental concerns, as GRP production can involve harmful chemicals. Managing waste and promoting sustainable practices will be essential to the long-term success of this industry.
COVID-19 Impact on the Market
The Indonesian glass fibre reinforced plastic (GRP) market faced challenges during the pandemic. Reduced construction activity and uncertainty in the infrastructure sector impacted the demand for GRP products, which are commonly used in construction and industrial applications. Furthermore, supply chain disruptions hindered the availability of raw materials, affecting production schedules. The market is now witnessing a slow recovery as construction projects resume and industries regain momentum.
Key Players in the Market
The demand for lightweight and durable materials drives the glass fiber-reinforced plastic market. Key players include PT. Bitratama Citra Abadi, PT. Paris Jakarta Composite, and PT. Toyobo Indonesia.
Key Highlights of the Report:
- Indonesia Glass Fibre Reinforced Plastic Market Outlook
- Market Size of Indonesia Glass Fibre Reinforced Plastic Market, 2024
- Forecast of Indonesia Glass Fibre Reinforced Plastic Market, 2031
- Historical Data and Forecast of Indonesia Glass Fibre Reinforced Plastic Revenues & Volume for the Period 2021-2031
- Indonesia Glass Fibre Reinforced Plastic Market Trend Evolution
- Indonesia Glass Fibre Reinforced Plastic Market Drivers and Challenges
- Indonesia Glass Fibre Reinforced Plastic Price Trends
- Indonesia Glass Fibre Reinforced Plastic Porter's Five Forces
- Indonesia Glass Fibre Reinforced Plastic Industry Life Cycle
- Historical Data and Forecast of Indonesia Glass Fibre Reinforced Plastic Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Indonesia Glass Fibre Reinforced Plastic Market Revenues & Volume By Polyester for the Period 2021-2031
- Historical Data and Forecast of Indonesia Glass Fibre Reinforced Plastic Market Revenues & Volume By Vinyl Ester for the Period 2021-2031
- Historical Data and Forecast of Indonesia Glass Fibre Reinforced Plastic Market Revenues & Volume By Epoxy for the Period 2021-2031
- Historical Data and Forecast of Indonesia Glass Fibre Reinforced Plastic Market Revenues & Volume By Polyurethane for the Period 2021-2031
- Historical Data and Forecast of Indonesia Glass Fibre Reinforced Plastic Market Revenues & Volume By Peek Resin for the Period 2021-2031
- Historical Data and Forecast of Indonesia Glass Fibre Reinforced Plastic Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Indonesia Glass Fibre Reinforced Plastic Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Indonesia Glass Fibre Reinforced Plastic Market Revenues & Volume By Wind Energy for the Period 2021-2031
- Historical Data and Forecast of Indonesia Glass Fibre Reinforced Plastic Market Revenues & Volume By Transportation for the Period 2021-2031
- Historical Data and Forecast of Indonesia Glass Fibre Reinforced Plastic Market Revenues & Volume By Marine for the Period 2021-2031
- Historical Data and Forecast of Indonesia Glass Fibre Reinforced Plastic Market Revenues & Volume By Pipe & Tanks for the Period 2021-2031
- Historical Data and Forecast of Indonesia Glass Fibre Reinforced Plastic Market Revenues & Volume By Others for the Period 2021-2031
- Indonesia Glass Fibre Reinforced Plastic Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- Indonesia Glass Fibre Reinforced Plastic Top Companies Market Share
- Indonesia Glass Fibre Reinforced Plastic Competitive Benchmarking By Technical and Operational Parameters
- Indonesia Glass Fibre Reinforced Plastic Company Profiles
- Indonesia Glass Fibre Reinforced Plastic Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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