Reinforced Plastics Global Market Report 2023: Sustained Demand for Glass Fiber Reinforced Plastics Drives Market Growth

DUBLIN, May 3, 2023 /PRNewswire/ -- The "Reinforced Plastics - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Reinforced Plastics Market to Reach $314.5 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Reinforced Plastics estimated at US$240.1 Billion in the year 2022, is projected to reach a revised size of US$314.5 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2022-2030. Carbon Fiber, one of the segments analyzed in the report, is projected to record a 4.1% CAGR and reach US$75.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Glass Fiber segment is readjusted to a revised 3.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $70.2 Billion, While China is Forecast to Grow at 3.3% CAGR

The Reinforced Plastics market in the U.S. is estimated at US$70.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$56 Billion by the year 2030 trailing a CAGR of 3.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 2.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Select Competitors (Total 89 Featured) -

• 3B Fiberglass Company
• A. Schulman Inc.
• BASF SE
• China Jushi Co. Ltd.
• Chongqing Polycomp International Corporation (CPIC)
• Continental Structural Plastics Inc.
• Core Molding Technologies Inc.
• Dow Inc.
• DowAksa Advanced Composites Holdings BV
• Fiber Reinforced Plastics (NZ) Ltd.
• Fiberset Inc.
• Hanwha Advanced Materials Corporation
• Haysite Reinforced Plastics
• Hexcel Corporation
• Kuraray Co. Ltd.
• McClarin Plastics LLC
• Mitsubishi Chemical Corporation
• Owens Corning Inc.
• PolyOne Corporation
• PPG Industries Inc.
• SGL Group - The Carbon Company
• Solvay S.A.
• Taishan Fiberglass Inc.
• Teijin Ltd.
• Toho Tenax Co. Ltd.
• Toray Industries Inc.
• Washington Penn Plastic Co. Inc.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Reinforced Plastics: An Introductory Prelude
• Recent Market Activity
• Growing Use Case Across Core Sectors: Cornerstone for Present and Future Growth
• Thrust towards Lightweight Materials Creates Fertile Environment for Market Expansion
• Key Benefits Offered Augment Market Prospects
• Low Weight
• High Strength, Stiffness & Resiliency
• Low Thermal Expansion & Thermal Insulation
• Resistance to Corrosive Elements
• Resistance to Magnetic & Electric Forces
• Chemical Inertness
• Design, Fabrication & Installation Flexibilities
• Life Time Cost Savings
• Future Prospects Remain Optimistic
• Asia-Pacific Evolves into Most Important Regional Market
• China Plays Pivotal Role in Asia-Pacific's Predominance
• Revenue Contribution of Developed Regions Remains Robust
• Impact of Recent Economic Upheavals on Reinforced Plastics Market
• STable Economic Scenario to Extend Growth Opportunities
• Impact of Covid-19 and a Looming Global Recession
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Reinforced Plastics - Global Key Competitors Percentage Market Share in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Sustained Demand for Glass Fiber Reinforced Plastics Drives Market Growth
• Select Applications of GFRP by End-Use Sector: A Snapshot
• Technological Advancements Enhance Appeal & Image
• Bright Outlook for Carbon Fiber Reinforced Plastics Market
• Factors Driving Consumption Growth of CFRP
• Thermoplastic CFRP to Make Robust Gains
• PAN Remains the Key Raw Material
• Research on High-Strength CFRPs to Reduce Waste
• Cost of Carbon Fiber - A Major Limiting Factor
• Long Fiber Reinforced Thermoplastic Composites Gain Share in Demanding Applications
• Long Glass Fiber Reinforced Polypropylene - A Cut Above the Rest
• Glass-Carbon Fiber Hybrid Composites Gain Prominence
• Transportation/Automotive: The Most Important End-Use Sector
• End-Use Sector
• Reinforced Plastics to Emerge as Mainstream Materials for Automakers
• Development of Innovative Technologies for Carbon Fiber Usage in Mass Production
• Sustained Thrust on CO2 Reductions Fuels Uptake of Reinforced Plastics
• Growing Interest in Fuel Efficient Vehicles Augments Demand
• Reinforced Thermoplastics - The Ultimate Choice of Car Makers
• Growing Importance of Versatile Composites in Modern Construction Projects Favors Market Prospects
• Key Drivers of Reinforced Plastics in Building & Construction Sector in a Nutshell
• GFRP Set to Emerge as Mainstream Construction Material
• CFRP Finds Increased Usage in Construction Projects
• Uptrend in the Construction Sector Bodes Well for Market Growth
• Reinforced Plastics to Make Inroads into Electrical & Electronic Industry
• Consumer Products: A Niche Market for Reinforced Plastics
• CFRP Evolves into Core Material in High-End Consumer Products
• Reinforced Plastics Suffice Lightweighting Needs of Aerospace & Defense Manufacturers
• Reinforced Plastics Find Favor in Aircraft Interiors
• Reinforced Plastics Gain Impetus in Marine Applications
• Corrosion Resistant Equipment: An Established End-Use Vertical
• Reinforced Plastics Assume Critical Importance in Wind Energy Domain
• Trend towards Longer Blades Bodes Well for Carbon Fiber Composites Market
• A Comparative Analysis for Carbon Fiber & Glass Fibers in Wind Energy Applications
• Reinforced Plastics Go Natural
• Biodegradable Composites: Truly Natural

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/q64271

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