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REINFORCED PLASTICS

Global Market Trajectory & Analytics

MCP-1016

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  •  DATE

    MAY 2020

  •  TABLES

    63

  •  PAGES

    182

  •  EDITION

    19

  •  PRICE

    US$5600


COVID-19 IMPACT SURVEY MAY 2020

Amid the COVID-19 crisis and the looming economic recession, the Reinforced Plastics market worldwide will grow by a projected 2.6 Million Tons, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 4.3%. Transportation, one of the segments analyzed and sized in this study, is forecast to grow at over 5.1% and reach a market size of 3.3 Million Tons by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Transportation market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 5.2% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over 142.2 Thousand Tons to the region's size over the next 7 to 8 years. In addition, over 113.2 Thousand Tons worth of projected demand in the region will come from Rest of European markets. In Japan, the Transportation segment will reach a market size of 290.6 Thousand Tons by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Reinforced Plastics market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 4.2% over the next couple of years and add approximately 423.4 Thousand Tons in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Reinforced Plastics market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others, 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.

SEGMENTS

» End-Use (Transportation, Construction, Electrical & Electronics, Consumer Products, Other End-Uses)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

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