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Critical Importance of Lightweight & Wear-Resistant Materials in Transportation Technologies to Drive Demand for Reinforced Plastics


Published: January 2018

REPORT STATISTICS


  • Code: MCP-1016
  • Pages: 400
  • Tables: 109
  • Companies: 89


REINFORCED PLASTICS: A RESEARCH BRIEF

The global market for Reinforced Plastics is projected to reach 9 million tons by 2022, driven by the growing emphasis on energy efficiency and lower emissions and the ensuing strong demand for lightweight materials in industries such as automotive, aerospace and wind energy, among others. The market also stands to benefit from advancements in fibre-reinforced polymer (FRP) composites and the resulting expansion into structural applications in the construction sector. Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 5.9% over the analysis period. The growth in the region is led by factors such as healthy economic growth; strong commercial aviation industry and the ensuing robust aircraft manufacturing activity; stable automobile production trends and OEM design focus on building fuel-efficient vehicles; recovery of the construction sector at a rate higher than the global average; rising disposable income, increasing consumption of goods and services and an expanding manufacturing industry; expansion of carbon fiber manufacturing capacity in China; and growing prominence of Asian countries as manufacturing hubs for vehicle/machinery parts/components, plastics, and electronics. 

    Summary of Findings

  • Growing Need for Materials that offer Design Flexibility Provides the Foundation for the Growth of the Reinforced Plastics Market
  • Carbon Fibre Reinforced Plastics (CFRP) Finds Increased Applications in Aerospace Engineering
  • Projected Recovery in the Construction Industry to Benefit Demand for Glass Fiber Reinforced Plastic (GFRP)
  • Long Fiber Reinforced Thermoplastic Composites Gain Acceptance in Demanding Structural Applications
  • Reinforced Plastics Assume Critical Importance in the Manufacture of Corrosion Resistant Equipment

    Timeline for Analysis

  • Market Estimates and Forecasts for 2015-2022
  • Historic Review 2009-2014

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America, and Rest of World

    Market Segmentation & Classification

  • End-Use Sectors:
    • Transportation, Construction, Electrical & Electronics, Consumer Products, and Others

MAJOR PLAYERS

  • 3B-the Fiberglass Company
  • A. Schulman, Inc.
  • BASF SE
  • China Jushi Co., Ltd.
  • Core Molding Technologies, Inc.

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable







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