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Fiber Reinforced Plastics Market Procurement Intelligence, Low & Best Cost Country, Day One Analysis Report 2020 – 2025

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Nayara Rajput
Fiber Reinforced Plastics Market Procurement Intelligence,  Low & Best Cost Country, Day One Analysis Report 2020 – 2025

Procurement Outlook

Fiber reinforced plastics is a composite material that is made of polymers. These polymers are supported with fibers for additional strength. The primary use of fiber reinforced plastics is to construct structures that require additional resistance under stress to prevent deformation. Additionally, it also prevents corrosion. As such, fiber reinforced plastics find their usage in industries like aerospace, construction, and marine.

Fiber reinforced plastics are mostly used for specialized applications for which the strength of material needs to be customized as per customer requirements. The industry operates mostly on a value-based pricing scheme with the degree of customization and requirement leading to the price of the product.

Read report summary or request a free sample copy of the report “https://www.grandviewresearch.com/pipeline/fiber-reinforced-plastics-market-procurement-intelligence-report

 

Demand Outlook

The global market for fiber reinforced plastic was valued at USD 52.88 billion in 2020 and is expected to grow at a steady CAGR of 6.4% to reach USD 72.12 by 2025. The market can be segregated into glass fibers and carbon fiber, and aramid fiber. Of these, glass fibers have the largest market share as they are cost-effective and have low conductivity.

Cost Drivers

With the aerospace and automobile industries requiring materials sturdier than glass fibers, the requirement for carbon fibers growing. In certain cases, especially in the aerospace industry, there is a niche uptake of aramid fibers. Both these varieties are costlier than glass fibers and helping the market grow from a value-driven perspective.

 

Check out the featured Addon Services offered with Food & Beverage ERP Solution Market Procurement Intelligence Report:

 

About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.

 

Our services include (not limited to):

 

·        Market Intelligence involving - market size and forecast, growth factors, and driving trends

·        Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership

·        Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

·        Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption

 

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

 

Find More information @ https://www.grandviewresearch.com/pipeline

Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: [email protected]

Web: https://www.grandviewresearch.com

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