Fiber-Reinforced Plastic Composites Market By Fiber, Product and Market in the US, 13th Edition
Continued strength in the construction market will carry demand for fiber-reinforced plastic composites through 2020, expected to rise at an annual rate of 3.1 percent to 3.9 billion pounds.
NEW YORK, June 1, 2017 /PRNewswire/ -- Thermoset polyester will remain the leading product type, as it is the dominant resin used in the large construction market. Glass fiber will continue to be the fiber of choice for composites, though advanced fibers continue to gain market share.
Read the full report: http://www.reportlinker.com/p04895348/Fiber-Reinforced-Plastic-Composites-Market-By-Fiber-Product-and-Market-in-the-US-13th-Edition.html
Find out more about the US FRP Composites Market in Freedonia's new study. This study addresses the following questions and more:
- How will vehicle lightweighting and fuel efficiency standards translate into demand for FRP composites through 2020?
- What effect will strength in building construction have on demand for FRP composites in the construction market?
- Which smaller markets are expected to have the most rapid growth?
Construction Activity, Emerging Applications Fueling FRP Composites Market
Gains will be driven by ongoing expansion in the largest market, construction, wherein key applications, including windows and doors, bathroom components, and panels will benefit from fiber-reinforced plastic composites' superior chemical resistance and lightweight strength. Those properties and others such as heat resistance and design flexibility will contribute to FRP composites growth in motor vehicles. Additional advances will be the result of general economic growth and continued market penetration of FRP composite materials.
Key Findings in the Fiber-Reinforced Plastic Composites Study:
FRP Composites Growing in Construction, Wind Energy, & Aerospace Markets
Growth of FRP Composites in the construction market, which is the largest market for the materials and accounts for nearly one-third of demand, will advance at the most rapid rate through the forecast period. Much of this growth can be attributed to continued strength in residential building construction, resulting in above average growth for windows and doors and bathroom components such as bathtubs and showers. Motor vehicles, the next largest market, will also grow at a solid rate, on account of growing use of FRP composites in automobiles, especially in medium and heavy duty vehicles.
Mature markets such as consumer durables and electrical and electronic are expected to increase at a below average rate, while niche applications such as wind energy and aerospace are anticipated to expand at rapid rates.
Thermosets Important in Construction, Thermoplastics in Motor Vehicles
Thermosets account for over half of the resin used in fiber-reinforced plastic composites and are expected to maintain that advantage over thermoplastics through the forecast period. This is largely attributable to polyester's dominance as the resin of choice in the construction market, where it commands a nearly seventy percent market share. On account of this, growth in demand for polyester will be the strongest for all thermosets.
Other thermosets will experience the strongest growth in wind energy and aerospace markets. Thermoplastics will also see growing usage in wind energy markets, but the bulk of gains will come from motor vehicles, where they are employed for their diversity of functional properties in automobile interiors, exteriors, and underhood applications, in products based on nylon and polypropylene, for example, the two largest thermoplastic markets for FRP composites. Overall, thermoplastics growth will be restrained by lack of familiarity with the products among composites producers.
High-Value Carbon Fiber Reinforcements Growing from a Small Base
Glass fibers so overwhelmingly dominate the market on a volume basis, that all other fibers combined represent only a small fraction of the market. By value, on the other hand, carbon fiber and other fibers, including aramid, represent a substantial share of fiber demand, on account of their higher prices on a per pound basis. Carbon fiber is expected to see the strongest growth because of its use in aerospace and other developing industrial applications.
Study Coverage
This study presents historical demand data (2005, 2010 and 2015) and forecasts (2020 and 2025) by fiber (glass, carbon & other), product (thermoset polyester, epoxy, vinyl ester, other thermosets, nylon, thermoplastic polyester, polypropylene, styrenics, polycarbonate, other thermoplastics), and market (construction, motor vehicles, electrical & electronic, consumer durables, marine, wind energy, aerospace, other markets).
The study also evaluates company market share and competitive analysis on industry competitors including AGY, AOC, Hexcel, Hexion, Owens Corning, PPG, Reichhold, Solvay, Strongwell, and Toray.
Read the full report: http://www.reportlinker.com/p04895348/Fiber-Reinforced-Plastic-Composites-Market-By-Fiber-Product-and-Market-in-the-US-13th-Edition.html
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