German Association AVK prepared a report on market of glass fiber reinforced plastic

German Association AVK has prepared a report on about the glass fiber reinforced plastic manufactured in Europe. As per the report, GRP in the European industry has been planned to increase the growth by over 2 percent that will reach up to 1.04 million tones after this increment.  More to know according to the report is that the national automotive industry has raised sales of reinforced plastic in the country and that’s how, the country is being benefitted by the GRP sales and SMC manufacturers so that an increase of 3 percent in growth of the plastic industry in 2014 has been seen.

Read more about the deal here at – http://m.europeanplasticsnews.com/story.html?id=5126

When it comes upon the discussion of GRP pipes and tanks which have been manufactured utilizing the filament winding processes and centrifugal casting, their market in country is stagnant now; while results were better for the same in 2013. On the other hand, when it comes upon the production and sales of resin transfer molding, the industry has secured up to 5 percent growth in this field and shown better results in 2014 than last year. According to AVK, there is no lack of growth opportunities especially when one talk about the market of pipes still things are not favorable for them in Europe and same products are working well outside the country.