The global reinforced plastics market is expected to grow at a CAGR of 6.5% during the forecast period, to reach USD 4.2 billion by 2030. The growth of this market is driven by the increasing demand for lightweight materials in various industries such as aerospace and automotive, which are used in manufacturing products such as aircrafts and automobiles. The growing demand for lightweight materials has led to an increase in the production of reinforced plastics, which has resulted in an increased demand for these products across various industries. Carbon fiber reinforced plastics accounted for the largest share of this market with a share of over 50%. This can be attributed to its high strength-to-weight ratio and low cost compared with other types of fibers used in reinforcing plastics such as glass fiber or aramid fiber. Carbon fiber reinforced plastics are also widely used due to their high corrosion resistance properties that make them suitable for use in marine applications where they are exposed to salt water environments on a regular basis.
- The global Reinforced Plastics market is expected to grow at a CAGR of 4.5% during the forecast period, 2018-2026.
- The growth of the global Reinforced Plastics market is driven by factors such as increasing demand for lightweight materials in automobiles and construction industry, growing demand for sustainable products, and increasing use of plastics in packaging industry.
- Increasing use of plastics in packaging industry is one of the major drivers for the growth of this market as it reduces weight and cost per unit volume while maintaining product quality and safety standards.
- Increasing demand for lightweight materials in automobiles and construction industry are also driving factors for this market as they reduce fuel consumption, CO2 emissions, noise pollution, etc, which are some major environmental concerns related to transportation sector today 5) Growing demand from emerging economies such as China & India will also drive this market during the forecast period.
Industry Growth Insights published a new data on “Reinforced Plastics Market”. The research report is titled “Reinforced Plastics Market research by Types (Carbon Fiber Reinforced Plastics, Glass Fiber Reinforced Plastics, Aramid Fiber Reinforced Plastics, Others), By Applications (Building & Construction, Aerospace & Aviation, Electrical & Electronics, Automotive, Marine, Other), By Players/Companies Huntsman, BASF, Dow Chemical Company, DuPont, Celanese, Binani Industries, Solvay, Ahlstrom, PPG Industries, RBJ Plastics, Gulf Reinforced Plastics L.L.C. (GRP), Haysite Reinforced Plastics, Kemrock Industries, Jiangsu QIYI Technology”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Reinforced Plastics Market Research Report
By Type
Carbon Fiber Reinforced Plastics, Glass Fiber Reinforced Plastics, Aramid Fiber Reinforced Plastics, Others
By Application
Building & Construction, Aerospace & Aviation, Electrical & Electronics, Automotive, Marine, Other
By Companies
Huntsman, BASF, Dow Chemical Company, DuPont, Celanese, Binani Industries, Solvay, Ahlstrom, PPG Industries, RBJ Plastics, Gulf Reinforced Plastics L.L.C. (GRP), Haysite Reinforced Plastics, Kemrock Industries, Jiangsu QIYI Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Reinforced Plastics Market Report Segments:
The global Reinforced Plastics market is segmented on the basis of:
Types
Carbon Fiber Reinforced Plastics, Glass Fiber Reinforced Plastics, Aramid Fiber Reinforced Plastics, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building & Construction, Aerospace & Aviation, Electrical & Electronics, Automotive, Marine, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Huntsman
- BASF
- Dow Chemical Company
- DuPont
- Celanese
- Binani Industries
- Solvay
- Ahlstrom
- PPG Industries
- RBJ Plastics
- Gulf Reinforced Plastics L.L.C. (GRP)
- Haysite Reinforced Plastics
- Kemrock Industries
- Jiangsu QIYI Technology
Highlights of The Reinforced Plastics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbon Fiber Reinforced Plastics
- Glass Fiber Reinforced Plastics
- Aramid Fiber Reinforced Plastics
- Others
- By Application:
- Building & Construction
- Aerospace & Aviation
- Electrical & Electronics
- Automotive
- Marine
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Reinforced Plastics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Reinforced plastics are a type of plastic that is made to be stronger and more durable than regular plastics. They are often used in products that need to be resistant to damage, such as car parts or appliances.
Some of the major players in the reinforced plastics market are Huntsman, BASF, Dow Chemical Company, DuPont, Celanese, Binani Industries, Solvay, Ahlstrom, PPG Industries, RBJ Plastics, Gulf Reinforced Plastics L.L.C. (GRP), Haysite Reinforced Plastics, Kemrock Industries, Jiangsu QIYI Technology.
The reinforced plastics market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Reinforced Plastics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Reinforced Plastics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Reinforced Plastics Market - Supply Chain
4.5. Global Reinforced Plastics Market Forecast
4.5.1. Reinforced Plastics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Reinforced Plastics Market Size (000 Units) and Y-o-Y Growth
4.5.3. Reinforced Plastics Market Absolute $ Opportunity
5. Global Reinforced Plastics Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Reinforced Plastics Market Size and Volume Forecast by Type
5.3.1. Carbon Fiber Reinforced Plastics
5.3.2. Glass Fiber Reinforced Plastics
5.3.3. Aramid Fiber Reinforced Plastics
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Reinforced Plastics Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Reinforced Plastics Market Size and Volume Forecast by Application
6.3.1. Building & Construction
6.3.2. Aerospace & Aviation
6.3.3. Electrical & Electronics
6.3.4. Automotive
6.3.5. Marine
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Reinforced Plastics Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Reinforced Plastics Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Reinforced Plastics Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Reinforced Plastics Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Reinforced Plastics Demand Share Forecast, 2019-2026
9. North America Reinforced Plastics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Reinforced Plastics Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Reinforced Plastics Market Size and Volume Forecast by Application
9.4.1. Building & Construction
9.4.2. Aerospace & Aviation
9.4.3. Electrical & Electronics
9.4.4. Automotive
9.4.5. Marine
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Reinforced Plastics Market Size and Volume Forecast by Type
9.7.1. Carbon Fiber Reinforced Plastics
9.7.2. Glass Fiber Reinforced Plastics
9.7.3. Aramid Fiber Reinforced Plastics
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Reinforced Plastics Demand Share Forecast, 2019-2026
10. Latin America Reinforced Plastics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Reinforced Plastics Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Reinforced Plastics Market Size and Volume Forecast by Application
10.4.1. Building & Construction
10.4.2. Aerospace & Aviation
10.4.3. Electrical & Electronics
10.4.4. Automotive
10.4.5. Marine
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Reinforced Plastics Market Size and Volume Forecast by Type
10.7.1. Carbon Fiber Reinforced Plastics
10.7.2. Glass Fiber Reinforced Plastics
10.7.3. Aramid Fiber Reinforced Plastics
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Reinforced Plastics Demand Share Forecast, 2019-2026
11. Europe Reinforced Plastics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Reinforced Plastics Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Reinforced Plastics Market Size and Volume Forecast by Application
11.4.1. Building & Construction
11.4.2. Aerospace & Aviation
11.4.3. Electrical & Electronics
11.4.4. Automotive
11.4.5. Marine
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Reinforced Plastics Market Size and Volume Forecast by Type
11.7.1. Carbon Fiber Reinforced Plastics
11.7.2. Glass Fiber Reinforced Plastics
11.7.3. Aramid Fiber Reinforced Plastics
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Reinforced Plastics Demand Share, 2019-2026
12. Asia Pacific Reinforced Plastics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Reinforced Plastics Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Reinforced Plastics Market Size and Volume Forecast by Application
12.4.1. Building & Construction
12.4.2. Aerospace & Aviation
12.4.3. Electrical & Electronics
12.4.4. Automotive
12.4.5. Marine
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Reinforced Plastics Market Size and Volume Forecast by Type
12.7.1. Carbon Fiber Reinforced Plastics
12.7.2. Glass Fiber Reinforced Plastics
12.7.3. Aramid Fiber Reinforced Plastics
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Reinforced Plastics Demand Share, 2019-2026
13. Middle East & Africa Reinforced Plastics Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Reinforced Plastics Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Reinforced Plastics Market Size and Volume Forecast by Application
13.4.1. Building & Construction
13.4.2. Aerospace & Aviation
13.4.3. Electrical & Electronics
13.4.4. Automotive
13.4.5. Marine
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Reinforced Plastics Market Size and Volume Forecast by Type
13.7.1. Carbon Fiber Reinforced Plastics
13.7.2. Glass Fiber Reinforced Plastics
13.7.3. Aramid Fiber Reinforced Plastics
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Reinforced Plastics Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Reinforced Plastics Market: Market Share Analysis
14.2. Reinforced Plastics Distributors and Customers
14.3. Reinforced Plastics Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Huntsman
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BASF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dow Chemical Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DuPont
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Celanese
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Binani Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Solvay
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ahlstrom
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. PPG Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. RBJ Plastics
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Gulf Reinforced Plastics L.L.C. (GRP)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Haysite Reinforced Plastics
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kemrock Industries
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Jiangsu QIYI Technology
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook