Product Code: ETC4500687 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The GFRP (Glass Fiber Reinforced Plastics) composites market in Malaysia has experienced notable growth, supported by diverse applications across industries such as automotive, aerospace, and construction. GFRP composites, renowned for their high strength-to-weight ratio and corrosion resistance, have become preferred materials in projects demanding structural integrity and durability. Ongoing technological advancements and collaborations between industry players and research institutions have further propelled the market. The demand for sustainable and lightweight materials is expected to continue driving the growth of the GFRP composites market in Malaysia.
The Malaysia GFRP (Glass Fiber Reinforced Plastics) Composites market is expanding, driven by various factors. A significant driver is the increasing adoption of GFRP composites in the construction, automotive, and aerospace sectors. These composites offer high strength-to-weight ratios and excellent corrosion resistance, making them suitable for diverse applications. The growing emphasis on energy efficiency and sustainability in building and transportation industries is further boosting the demand for GFRP composites in Malaysia.
While the Malaysia GFRP composites market holds significant potential, there are hurdles that need to be overcome. One key challenge is the competition from alternative materials, such as steel and aluminum. Convincing industries to transition to GFRP composites, despite their initial higher cost, requires robust marketing strategies and a demonstrated long-term cost-effectiveness. Moreover, ensuring that GFRP composites meet strict industry standards for applications like aerospace or automotive requires continuous research and development efforts.
The Malaysia GFRP Composites Market felt the impact of COVID-19 as industrial operations and construction projects were temporarily halted or slowed down. This led to decreased demand for GFRP composites in various applications, such as automotive and construction. Supply chain disruptions further exacerbated the challenges faced by manufacturers.
The Malaysia GFRP composites market is witnessing growth, particularly in the construction, automotive, and aerospace sectors. Major players in this market include Owens Corning, Jushi Group, and Nippon Electric Glass. These companies offer a wide range of GFRP composites renowned for their high strength-to-weight ratio, making them ideal for various applications. Their expertise in composites technology and consistent product quality make them influential players in Malaysia GFRP composites market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Malaysia GFRP Composites Market Overview |
3.1 Malaysia Country Macro Economic Indicators |
3.2 Malaysia GFRP Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Malaysia GFRP Composites Market - Industry Life Cycle |
3.4 Malaysia GFRP Composites Market - Porter's Five Forces |
3.5 Malaysia GFRP Composites Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
3.6 Malaysia GFRP Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 Malaysia GFRP Composites Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
4 Malaysia GFRP Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Malaysia GFRP Composites Market Trends |
6 Malaysia GFRP Composites Market, By Types |
6.1 Malaysia GFRP Composites Market, By End Use Industry |
6.1.1 Overview and Analysis |
6.1.2 Malaysia GFRP Composites Market Revenues & Volume, By End Use Industry, 2021-2031F |
6.1.3 Malaysia GFRP Composites Market Revenues & Volume, By Transportation, 2021-2031F |
6.1.4 Malaysia GFRP Composites Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.2 Malaysia GFRP Composites Market, By Resin Type |
6.2.1 Overview and Analysis |
6.2.2 Malaysia GFRP Composites Market Revenues & Volume, By Epoxy, 2021-2031F |
6.2.3 Malaysia GFRP Composites Market Revenues & Volume, By Polyester, 2021-2031F |
6.2.4 Malaysia GFRP Composites Market Revenues & Volume, By Vinyl Ester, 2021-2031F |
6.3 Malaysia GFRP Composites Market, By Manufacturing Process |
6.3.1 Overview and Analysis |
6.3.2 Malaysia GFRP Composites Market Revenues & Volume, By Compression & Injection Molding, 2021-2031F |
6.3.3 Malaysia GFRP Composites Market Revenues & Volume, By RTM/VARTM, 2021-2031F |
6.3.4 Malaysia GFRP Composites Market Revenues & Volume, By Layup, 2021-2031F |
7 Malaysia GFRP Composites Market Import-Export Trade Statistics |
7.1 Malaysia GFRP Composites Market Export to Major Countries |
7.2 Malaysia GFRP Composites Market Imports from Major Countries |
8 Malaysia GFRP Composites Market Key Performance Indicators |
9 Malaysia GFRP Composites Market - Opportunity Assessment |
9.1 Malaysia GFRP Composites Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
9.2 Malaysia GFRP Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.3 Malaysia GFRP Composites Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
10 Malaysia GFRP Composites Market - Competitive Landscape |
10.1 Malaysia GFRP Composites Market Revenue Share, By Companies, 2024 |
10.2 Malaysia GFRP Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |