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Another factor that could be contributing to the price increase is the raw material costs. The production of power tools requires a variety of materials, including metals and plastics. These materials can be expensive, and any increase in their prices will inevitably be passed on to consumers in the form of higher product prices. In recent months, there have been reports of shortages in some raw materials, which could be another reason for the price increase.

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In the marine industry, corrosion-resistant fiberglass is a standard choice for boat hulls, pipelines, and offshore platforms due to its ability to withstand saltwater and harsh weather conditions. In chemical processing, it is utilized for tanks, pipes, and equipment that come into contact with aggressive chemicals. Even in architectural applications, it is used for facades, roofing, and cladding due to its resistance to UV radiation, humidity, and temperature fluctuations.

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