PUNE, India, November 9, 2016 /PRNewswire/ -- The report "GFRP Composites Market by Resin Type (Polyester, Vinyl Ester, Polyurethane), Process (Manual Process, Compression Molding, Continuous Process, Injection Molding), Application (Wind Energy, Transportation, Marine, Pipe & Tanks) - Global Forecasts to 2021", published by MarketsandMarkets , the global market size is projected to grow from USD 69.50 Billion in 2015 to USD 105.26 Billion by 2021 at a CAGR of 7.04% between 2016 and 2021. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 86 market data Tables and 68 Figures spread through 202 Pages and in-depth TOC on"GFRP Composites Market"http://www.marketsandmarkets.com/Market-Reports/glass-fiber-reinforced-plastic-composites-market-142751329.html Early buyers will receive 10% customization on this report. The composites market is mainly dominated by the aerospace & defense, wind energy, and transportation applications due to their excellent properties such as stiffness, strength, tenacity, density, thermal & electrical conductivity, fatigue, and corrosion resistance. Also, because of their low weight, composites have witnessed an enormous demand, especially from aerospace and transportation applications. Rising use of composites in aerospace & defense industry to drive the composites market The use of composite materials and related core materials in the aerospace & defense industry has gained momentum in the past few decades. The latest Airbus now boasts a 53% usage of composite materials among its long list of new features. This shows the increase in the use of composites, which was hardly 2%-5% in the past few years. One of the main reasons for the rising use of composites in aircraft is the advantages offered by them such as reduction in weight and corrosion resistance. These properties of composites result in low emissions and maintenance costs in comparison to the traditional materials used for manufacturing aircrafts.