Global Reinforced Plastics Industry

Global Reinforced Plastics Market to Reach 10. 3 Million Tons by the Year 2027. Amid the COVID-19 crisis, the global market for Reinforced Plastics estimated at 7. 7 Million Tons in the year 2020, is projected to reach a revised size of 10.

New York, July 15, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Reinforced Plastics Industry" - https://www.reportlinker.com/p092426/?utm_source=GNW
3 Million Tons by 2027, growing at a CAGR of 4.3% over the analysis period 2020-2027.Transportation, one of the segments analyzed in the report, is projected to grow at a 5.1% CAGR to reach 3.3 Million Tons by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Construction segment is readjusted to a revised 4.4% CAGR for the next 7-year period. This segment currently accounts for a 24.8% share of the global Reinforced Plastics market.

The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 4% CAGR for the Period of 2020-2027
The Reinforced Plastics market in the U.S. is estimated at 2.3 Million Tons in the year 2020. The country currently accounts for a 29.46% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 1.8 Million Tons in the year 2027 trailing a CAGR of 4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 3.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR while Rest of European market (as defined in the study) will reach 1.8 Million Tons by the year 2027.

Electrical & Electronics Segment Corners a 15.2% Share in 2020
In the global Electrical & Electronics segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of 934.4 Thousand Tons in the year 2020 will reach a projected size of 1.2 Million Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 1.1 Million Tons by the year 2027.We bring years of research experience to this 19th edition of our report. The 182-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

- 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.

Read the full report: https://www.reportlinker.com/p092426/?utm_source=GNW

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
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
Global Competitor Market Shares
Reinforced Plastics Competitor Market Share Scenario Worldwide
(in %): 2018 & 2029

2. FOCUS ON SELECT PLAYERS
3B-the Fiberglass Company (Belgium)
A. Schulman, Inc. (USA)
BASF SE (Germany)
China Jushi Co., Ltd. (China)
Chongqing Polycomp International Corporation (CPIC) (China)
Core Molding Technologies, Inc. (USA)
DowAksa Advanced Composites Holdings BV (Turkey)
DowDuPont Inc. (USA)
Fiber Reinforced Plastics (NZ) Ltd. (New Zealand)
Fiberset Incorporated (USA)
Hanwha Advanced Materials Corporation (South Korea)
Haysite Reinforced Plastics (USA)
Hexcel Corporation (USA)
Kuraray Co., Ltd. (Japan)
McClarin Plastics LLC (USA)
Mitsubishi Chemical Corporation (Japan)
Owens Corning, Inc. (USA)
PolyOne Corporation (USA)
PPG Industries, Inc. (USA)
Saint-Gobain SA (France)
SGL Group - The Carbon Company (Germany)
Solvay S.A. (Belgium)
Taishan Fiberglass Inc. (China)
Teijin Ltd. (Japan)
Continental Structural Plastics Inc. (USA)
Toho Tenax Co., Ltd. (Japan)
Toray Industries, Inc. (Japan)
Washington Penn Plastic Co., Inc. (USA)

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
Table 1: Reinforced Plastics Global Market Estimates and
Forecasts in Thousand Tons by Region/Country: 2020-2027

Table 2: Reinforced Plastics Global Retrospective Market
Scenario in Thousand Tons by Region/Country: 2012-2019

Table 3: Reinforced Plastics Market Share Shift across Key
Geographies Worldwide: 2012 VS 2020 VS 2027

Table 4: Transportation (End-Use) Global Opportunity Assessment
in Thousand Tons by Region/Country: 2020-2027

Table 5: Transportation (End-Use) Historic Sales Analysis in
Thousand Tons by Region/Country: 2012-2019

Table 6: Transportation (End-Use) Percentage Share Breakdown of
Global Sales by Region/Country: 2012 VS 2020 VS 2027

Table 7: Construction (End-Use) Worldwide Sales in Thousand
Tons by Region/Country: 2020-2027

Table 8: Construction (End-Use) Historic Demand Patterns in
Thousand Tons by Region/Country: 2012-2019

Table 9: Construction (End-Use) Market Share Shift across Key
Geographies: 2012 VS 2020 VS 2027

Table 10: Electrical & Electronics (End-Use) Global Market
Estimates & Forecasts in Thousand Tons by Region/Country:
2020-2027

Table 11: Electrical & Electronics (End-Use) Retrospective
Demand Analysis in Thousand Tons by Region/Country: 2012-2019

Table 12: Electrical & Electronics (End-Use) Market Share
Breakdown by Region/Country: 2012 VS 2020 VS 2027

Table 13: Consumer Products (End-Use) Demand Potential
Worldwide in Thousand Tons by Region/Country: 2020-2027

Table 14: Consumer Products (End-Use) Historic Sales Analysis
in Thousand Tons by Region/Country: 2012-2019

Table 15: Consumer Products (End-Use) Share Breakdown Review by
Region/Country: 2012 VS 2020 VS 2027

Table 16: Other End-Uses (End-Use) Worldwide Latent Demand
Forecasts in Thousand Tons by Region/Country: 2020-2027

Table 17: Other End-Uses (End-Use) Global Historic Analysis in
Thousand Tons by Region/Country: 2012-2019

Table 18: Other End-Uses (End-Use) Distribution of Global Sales
by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
US Reinforced Plastics Market Share (in %) by Company: 2018 & 2025
Market Analytics
Table 19: United States Reinforced Plastics Latent Demand
Forecasts in Thousand Tons by End-Use: 2020 to 2027

Table 20: Reinforced Plastics Historic Demand Patterns in the
United States by End-Use in Thousand Tons for 2012-2019

Table 21: Reinforced Plastics Market Share Breakdown in the
United States by End-Use: 2012 VS 2020 VS 2027

CANADA
Table 22: Canadian Reinforced Plastics Market Quantitative
Demand Analysis in Thousand Tons by End-Use: 2020 to 2027

Table 23: Reinforced Plastics Market in Canada: Summarization
of Historic Demand Patterns in Thousand Tons by End-Use for
2012-2019

Table 24: Canadian Reinforced Plastics Market Share Analysis by
End-Use: 2012 VS 2020 VS 2027

JAPAN
Table 25: Japanese Demand Estimates and Forecasts for
Reinforced Plastics in Thousand Tons by End-Use: 2020 to 2027

Table 26: Japanese Reinforced Plastics Market in Thousand Tons
by End-Use: 2012-2019

Table 27: Reinforced Plastics Market Share Shift in Japan by
End-Use: 2012 VS 2020 VS 2027

CHINA
Table 28: Chinese Demand for Reinforced Plastics in Thousand
Tons by End-Use: 2020 to 2027

Table 29: Reinforced Plastics Market Review in China in
Thousand Tons by End-Use: 2012-2019

Table 30: Chinese Reinforced Plastics Market Share Breakdown by
End-Use: 2012 VS 2020 VS 2027

EUROPE
Market Facts & Figures
European Reinforced Plastics Market: Competitor Market Share
Scenario (in %) for 2018 & 2025
Market Analytics
Table 31: European Reinforced Plastics Market Demand Scenario
in Thousand Tons by Region/Country: 2020-2027

Table 32: Reinforced Plastics Market in Europe: A Historic
Market Perspective in Thousand Tons by Region/Country for the
Period 2012-2019

Table 33: European Reinforced Plastics Market Share Shift by
Region/Country: 2012 VS 2020 VS 2027

Table 34: European Reinforced Plastics Addressable Market
Opportunity in Thousand Tons by End-Use: 2020-2027

Table 35: Reinforced Plastics Market in Europe: Summarization
of Historic Demand in Thousand Tons by End-Use for the Period
2012-2019

Table 36: European Reinforced Plastics Market Share Analysis by
End-Use: 2012 VS 2020 VS 2027

FRANCE
Table 37: Reinforced Plastics Quantitative Demand Analysis in
France in Thousand Tons by End-Use: 2020-2027

Table 38: French Reinforced Plastics Historic Market Review in
Thousand Tons by End-Use: 2012-2019

Table 39: French Reinforced Plastics Market Share Analysis:
A 17-Year Perspective by End-Use for 2012, 2020, and 2027

GERMANY
Table 40: Reinforced Plastics Market in Germany: Annual Sales
Estimates and Forecasts in Thousand Tons by End-Use for the
Period 2020-2027

Table 41: German Reinforced Plastics Market in Retrospect in
Thousand Tons by End-Use: 2012-2019

Table 42: Reinforced Plastics Market Share Distribution in
Germany by End-Use: 2012 VS 2020 VS 2027

ITALY
Table 43: Italian Demand for Reinforced Plastics in Thousand
Tons by End-Use: 2020 to 2027

Table 44: Reinforced Plastics Market Review in Italy in
Thousand Tons by End-Use: 2012-2019

Table 45: Italian Reinforced Plastics Market Share Breakdown by
End-Use: 2012 VS 2020 VS 2027

UNITED KINGDOM
Table 46: United Kingdom Demand Estimates and Forecasts for
Reinforced Plastics in Thousand Tons by End-Use: 2020 to 2027

Table 47: United Kingdom Reinforced Plastics Market in Thousand
Tons by End-Use: 2012-2019

Table 48: Reinforced Plastics Market Share Shift in the United
Kingdom by End-Use: 2012 VS 2020 VS 2027

REST OF EUROPE
Table 49: Rest of Europe Reinforced Plastics Addressable Market
Opportunity in Thousand Tons by End-Use: 2020-2027

Table 50: Reinforced Plastics Market in Rest of Europe:
Summarization of Historic Demand in Thousand Tons by End-Use
for the Period 2012-2019

Table 51: Rest of Europe Reinforced Plastics Market Share
Analysis by End-Use: 2012 VS 2020 VS 2027

ASIA-PACIFIC
Table 52: Reinforced Plastics Quantitative Demand Analysis in
Asia-Pacific in Thousand Tons by End-Use: 2020-2027

Table 53: Asia-Pacific Reinforced Plastics Historic Market
Review in Thousand Tons by End-Use: 2012-2019

Table 54: Asia-Pacific Reinforced Plastics Market Share
Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and
2027

REST OF WORLD
Table 55: Rest of World Reinforced Plastics Market Quantitative
Demand Analysis in Thousand Tons by End-Use: 2020 to 2027

Table 56: Reinforced Plastics Market in Rest of World:
Summarization of Historic Demand Patterns in Thousand Tons by
End-Use for 2012-2019

Table 57: Rest of World Reinforced Plastics Market Share
Analysis by End-Use: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 89
Read the full report: https://www.reportlinker.com/p092426/?utm_source=GNW

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