2025-2035 China FRP Panel Industry Market Panorama and Investment Strategy Research Report

2025-2035 China FRP Panel Industry Market Panorama and Investment Strategy Research Report
1. Industry overview
1.1 Definition and classification
FRP panels use glass fiber as the reinforcing material and synthetic resin as the matrix. According to the reinforcing material, it can be divided into glass cloth base, glass felt base, etc.; according to the matrix resin, it is divided into epoxy resin and polyester resin; according to the molding process, there are hand lay-up molding, molding molding and other types.
1.2 Performance characteristics
It has the advantages of light weight and high strength (density 1.5-2.0g/cm³, tensile strength close to carbon steel), corrosion resistance (resistance to acid, alkali, and salt erosion), excellent insulation (good dielectric properties at high frequencies), strong weather resistance (anti-ultraviolet, no discoloration), good designability (flexible adaptation requirements), etc., and has outstanding performance in many fields.
1.3 Industrial chain structure
The upstream is suppliers of raw materials such as glass fiber and synthetic resin; the midstream is panel manufacturers; the downstream is used in construction, transportation, chemical industry and other fields. Upstream and downstream companies are interdependent, and raw material prices and downstream demand directly affect the development of the industry.
2. Market environment analysis
2.1 Policy environment
The national "dual carbon" policy, chemical anti-corrosion industry support policy, and local promotion policies for new building materials regulate industry development while promoting technological upgrading and market expansion.
2.2 Economic environment
The domestic economy is growing steadily, and investment in construction, transportation and other industries is increasing, driving demand for panels; global economic fluctuations are affecting import and export trade and raw material costs.
2.3 Social environment
The awareness of environmental protection has increased, and there is an obvious trend to replace traditional high-polluting materials; the demand for lightweight construction and transportation equipment upgrades has expanded the application space of panels.
2.4 Technical environment
Molding process optimization (such as automated molding technology) improves production efficiency and product quality, and new resin research and development enhances panel performance and helps companies improve their competitiveness.
3. Market analysis
3.1 China’s market size and regional distribution
In 2024, the Chinese market will exceed 8 billion yuan, with an annual growth rate of approximately 12%. East China (Jiangsu, Shandong) and South China (Guangdong) are the core areas, accounting for more than 60%. Due to the concentration of local chemical and construction industries, the growth rate in the central and western regions has gradually increased with the transfer of industries.
3.2 Market segments
By product type, polyester resin panels account for over 70% and are highly cost-effective; epoxy resin panels are experiencing rapid growth in demand in the high-end chemical industry due to their high performance. By application, the construction field (decoration, anti-corrosion walls) accounts for 45%, the transportation field (vehicle interiors, shells) accounts for 25%, and the chemical industry (anti-corrosion equipment shells) accounts for 20%.
4. Supply, Demand and Competition
4.1 Current supply and demand situation
There are more than 200 existing domestic production companies, with an annual production capacity of approximately 15 million square meters, and an output of 12 million square meters in 2024. The annual demand on the demand side is 11.5 million square meters, with supply and demand basically balanced, and some areas have a slight excess due to the concentration of production capacity.
4.2 Competitive Landscape
The industry concentration is low, with the total market share of leading companies (such as Sinoma Technology and Jiangsu Changfeng) being less than 20%; the focus of competition is on product quality, price and technical services. Small and medium-sized enterprises mainly compete at low prices, while leading companies focus on technology research and development and brand building.
5. Development Trends and Investment Suggestions
5.1 Trends
In the next five years, the annual growth rate of the market size will be maintained at 10%-15%, and technology will develop in the direction of lightweight and high strength; applications will expand to new energy (wind power equipment casings) and marine engineering fields; green production processes (low VOC resin applications) will become mainstream.
5.2 Investment advice
Investment hotspots focus on high-end product research and development (such as high-temperature resistant panels) and the construction of automated production lines; in terms of risks, attention should be paid to raw material price fluctuations and policy adjustments; it is recommended that small and medium-sized enterprises deeply explore regional market segments, and large enterprises layout the integration of industrial chains to improve their ability to resist risks.