The AVK –Industrievereinigung Verstärkte Kunststoffe –has published its annual market report for glass fibre reinforced plastics (GRP).
In 2020, the European GRP market is now experiencing the sharpest slump since the economic and financial crisis of 2008/2009 due to the corona pandemic.
Production volume has fallen by 12.7% to 996,000 tonnes.
The greatest losses are in the transport sector.
Germany remainsthe largest manufacturer of GRP with 207,000 tonnes.
The attached press release is a summary of the full market report which can be downloaded free at www.avk-tv.de
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12 November 2020
