FRP: The Future Material Revolutionizing Industries
Union Minister Nitin Gadkari highlights the potential of fibre-reinforced plastics (FRP) as a versatile and cost-effective alternative across various industries and urges stakeholders to reduce costs by 25%. FRP’s future spans aviation, transport, and renewable energy, with promising growth in India’s market.
- Country:
- India
Union Minister Nitin Gadkari has called for innovative research and development in the fibre-reinforced plastics (FRP) industry to slash costs by 25%. Speaking at the ICERP 2025 conference, he emphasized FRP's vital role across sectors.
FRP's applications include renewable energy, infrastructure, transport, and more. Gadkari talked about the need for cost reduction in production by enhancing technology and raw material efficiency.
The composite material's potential impact on India's economy is substantial, with a projected market growth from $1.8 billion in 2024 to $2.8 billion by 2030—an imperative for advancing a circular economy.
(With inputs from agencies.)
ALSO READ
Modi's Vision for Visakhapatnam: Green Hydrogen, Industry, and Infrastructure
B.R. Goyal Infrastructure Secures Rs 24.11 Crore Ahead of IPO Launch
IAEA Launches New Regulatory Infrastructure Development Project to Boost Radiation Safety and Nuclear Security in Asia-Pacific
AfDB Grants €80.16M Loan to Tunisia for Phase 3 of Road Infrastructure Modernization
Uttarakhand Pushes for Sports Infrastructure Boost Ahead of National Games