Reinforced Plastics MarketReinforced Plastics Market

Reinforced Plastics Market to See Huge Growth by 2027 | BASF SE, Binani Industries, Cytec Solvay

A new research document is added in HTF MI database of 200 pages, titled as ‘Global Reinforced Plastics Market Size study, by Fiber Type (Glass Fiber, Carbon Fiber, Aramid Fiber and Others), by Polymer (Thermoset and Thermoplastic), by Application (Automotive, Building & Construction, Aerospace & Aviation, Wind Energy, Marine, Electrical & Electronics and Others) and Regional Forecasts 2020-2027’ with detailed analysis, Competitive landscape, forecast and strategies. Latest analysis highlights high growth emerging players and leaders by market share that are currently attracting exceptional attention.  The identification of hot and emerging players is completed by profiling 50+ Industry players; some of the profiled players are BASF SE, Binani Industries, Cytec Solvay Group, Haysite Reinforced Plastics, Reinforced Plastic Industries, Rezplast Manufacturing Ltd., SGL Carbon SE, Taishan Fiberglass Inc., Teijin Limited, Toray Industries Inc. The Market has witnessed continuous growth in the past few years and is projected to see some stability post Q2,2020 and may grow further during forecast year 2021-2026

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Global Reinforced Plastics Market is valued approximately USD 228.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.1 % over the forecast period 2020-2027. Reinforced plastic consist of a polyester resin matrix reinforced with different types of fibers including carbon, glass, or aramid, metals and other non metallic fibres such as wood and paper. Reinforcements provides stiffness and strength in composite materials and overall operating cost reduction if used with modern manufacturing methods of injection molding. The reinforced plastics is used in wide range of applications including aerospace & defense, electronics, wind energy, automotive and building & constructions, which in result drive the demand of reinforced plastics. The increasing adoption of GFRP composites in automotive, rise in demand for epoxy composite from wind energy industry and emerging end-use applications of fiber composites are the few factors responsible for growth of the market over the forecast period. Furthermore, the introduction of products and other strategic alliance by market key players will create a lucrative demand for this market.  For instance: on 30th June 2020, BASF launched polyethersulfone (PESU) Ultrason® E0510 C2TR, an engineering plastic for automotive parts in contact with hot oil. The polyethersulfone (PESU) Ultrason® E0510 C2TR has high oil resistance and excellent dimensional stability as well as injection-molding grade with a ten percent carbon fiber reinforcement. This product launch expanded the product portfolio of BASF company thus offering lightweight high performance components used in electronics, automotive and aerospace industries which in result drive the market growth. Whereas,  Concerns over data privacy and security is the major factor restraining the growth of global Reinforced Plastics  market during the forecast period.

The regional analysis of global Reinforced Plastics market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world owing to the demand for fiber reinforced plastics is largely dominated by Western European countries, where the presence of well-established automotive, aerospace & defense, construction, and electrical & electronics industries is expected to accelerate the market growth. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
BASF SE, Binani Industries, Cytec Solvay Group, Haysite Reinforced Plastics, Reinforced Plastic Industries, Rezplast Manufacturing Ltd., SGL Carbon SE, Taishan Fiberglass Inc., Teijin Limited, Toray Industries Inc.

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

by Fiber Type: Glass Fiber, Carbon Fiber, Aramid Fiber, Others

by Polymer: Thermoset, Thermoplastic

By Application: Automotive, Building & Construction, Aerospace & Aviation, Wind Energy, Marine
Electrical & Electronics, others

By Region:
North America (United States, Canada, Mexico)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia, China Taiwan, Rest of Asia-Pacific)

Europe (Germany, UK, France, Italy, Russia, Spain, Benelux, Rest of Europe)

South America (Brazil, Argentina, Colombia, Chile, Rest of South America)

Middle East & Africa (Saudi Arabia, Turkey, Egypt, South Africa, Rest of Middle East & Africa)

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Reinforced Plastics Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Reinforced Plastics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Reinforced Plastics Market Dynamics
3.1. Reinforced Plastics Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Reinforced Plastics Market Industry Analysis
4.1. Porter’s 5 Force Model
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Reinforced Plastics Market, by Fiber Type
5.1. Market Snapshot
5.2. Global Reinforced Plastics Market by Fiber Type, Performance – Potential Analysis
5.3. Global Reinforced Plastics Market Estimates & Forecasts by Fiber Type 2017-2027 (USD Billion)
5.4. Reinforced Plastics Market, Sub Segment Analysis
Chapter 6. Global Reinforced Plastics Market, by Polymer
6.1. Market Snapshot
6.2. Global Reinforced Plastics Market by Polymer, Performance – Potential Analysis
6.3. Global Reinforced Plastics Market Estimates & Forecasts by Polymer 2017-2027 (USD Billion)
6.4. Reinforced Plastics Market, Sub Segment Analysis
Chapter 7. Global Reinforced Plastics Market, by Application
7.1. Market Snapshot
7.2. Global Reinforced Plastics Market by Application, Performance – Potential Analysis
7.3. Global Reinforced Plastics Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
7.4. Reinforced Plastics Market, Sub Segment Analysis
Chapter 8. Global Reinforced Plastics Market, Regional Analysis
8.1. Reinforced Plastics Market, Regional Market Snapshot
8.2. North America Reinforced Plastics Market
8.3. Europe Reinforced Plastics Market Snapshot
8.4. Asia-Pacific


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