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3. Market Demand The construction industry has seen a gradual shift towards sustainable and durable materials. As more projects seek to utilize GFRP for its advantageous properties, demand continues to rise, which can drive up prices. Conversely, if supply outstrips demand, prices may stabilize or even decrease.
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In the automotive industry, fiberglass rods are increasingly being used to create lightweight components. Vehicle manufacturers are constantly striving to improve fuel efficiency and reduce emissions. By substituting heavier materials with fiberglass rods, companies can decrease the overall weight of vehicles, leading to better fuel economy without sacrificing performance. Furthermore, fiberglass is resistant to rust and corrosion, which is particularly advantageous in automotive applications where exposure to moisture and various chemicals is commonplace.
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