The European GRP market in 2018 – New AVK market report is now available

For the sixth consecutive year, the European glass fibre reinforced plastic (GRP) market grew in the European countries surveyed in this report. Compared to 2017, the European GRP market is expected to grow again by around 2 % to an estimated total of 1.141 million tonnes.

Despite the advances, strong growth, and many innovations in other segments of the fibre reinforced plastics/composites market, GRP still remains the dominant material in the composites market with a market share of over 95 %.

As in previous years, the generally positive trend in the European GRP market is more complex than it first appears with very strong regional and applicationor process-specific differences.

In 2018, the market for GMT and LFT continues to grow at an above-average rate of 4.8 % having already grown at 3.6 % in 2017. From a long-term perspective, this market segment has almost quadrupled since 1999 – reaching a volume of 152,000 tonnes in 2018. During that period, its share of the total market has risen from 5 % to over 13 %. LFTs are the largest category of thermoplastic materials.

For more information, find here the full market report (.pdf download)