AVK
The Federation of Reinforced Plastics (AKV), Frankfurt/Germany, has published its annual market report for glass fiber reinforced plastics (GRP). In 2018, the European GRP market is again expected to grow by around 2% to an estimated total of 1.14 million tons.
The GRP sector is therefore recording its 6th consecutive year of growth.
Germany remains the largest GRP/composites manufacturer in Europe with a total production volume of 229,000 tons. Thermoplastics are once again growing faster than the market as a whole.
The proportions of GRP used by the major application industries in Europe remain the same as last year. The transport and construction sectors each consume one third of total production. Other application industries include the electro/electronics sector and the sport and leisure segment.