Rising Demand for Reinforced Plastics from Automotive and Building & Construction Applications

The global reinforced plastics market is highly fragmented, with no clear leader. Many small China-based players export high volumes of reinforced plastics to Europe and North America. Few buyers of reinforced plastics, primarily in automotive and aerospace industries, are integrating backward in order to obtain constant supply of reinforced plastics at low cost.


Albany, NY -- (SBWIRE) -- 03/31/2016 -- Reinforced plastics are a derived class of materials that combine plastic and fibers and complement each other for improved structural and physical properties. Plastics have temperature limitations and low modulus properties, whereas fibers have high modulus. Plastics reinforced with fibers have high modulus, temperature resistance and other improved properties. Major polymers used are vinylester, epoxy and polyester resins, and phenol formaldehyde resins. Customized products are offered in the market with different fiber content and resins according to their applications. The most commonly used fibers include glass, carbon, metal, asbestos and cellulose.

Rising demand from automotive and building & construction applications are the major driving factor for growth of the reinforced plastics market. Availability of raw materials and price volatility of raw materials are expected to inhibit market growth. Furthermore, governmental regulations regarding exposure limits of various raw materials are hampering market growth. Growing demand for reinforced plastics in wind turbine manufacture is expected to provide opportunities for the players in this market.

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The report defines the research scope and provides assumptions made during analysis of the reinforced plastics market. Secondary sources referred to for this study include, but are not limited to: Reinforced Plastics Magazine, ICIS, Plastemart Magazine, Global Chemical Outlook, Environmental Protection Agency, European Plastics Council etc.

The report includes executive summary of the global reinforced plastics with snapshot of overall information incorporated in the report. This also include production share, application share geographic share for base year and forecast year. The report covers analysis and forecast for the global reinforced plastics market in terms of volume (kilo tons) and revenue (USD million) from 2012 to 2019. The market has been segmented based on product type into carbon fiber reinforced plastics (CFRP), glass fiber reinforced plastics (GFRP), aramid fiber reinforced plastics and others. Other fibers include natural fiber, metal fiber, graphite and boron. The reinforced plastics market is further segmented based on applications by analyzing current and future trends of the market. In terms of application, the market has been segmented into automotive, building & construction, aerospace & aviation, wind energy, electrical & electronics, marine and others. Others application segment include pipes, biogas digesters, tanks and towers used in petrochemical industry. The product and application segments are forecasted from 2013 to 2019. Regional segmentation includes estimates and forecasts for North America, Europe, Asia Pacific and Rest of the World. Each region is further analyzed on each product type and application.

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The report also provides a detailed analysis of the value chain to offer a comprehensive view of value addition at each stage of the value chain. The value chain analysis also includes degree o backward integration by players in reinforced plastics market. The study includes Porter's five forces model that analyzes existing competition and impact of bargaining power of suppliers, bargaining power of buyers, threat from substitutes and threat from new entrants. This model also provides present impact of these factors and forecast for next few years. The report includes drivers and restraints affecting the reinforced plastics market growth and their impact on the market in the near future. Additionally, it provides opportunities for the reinforced plastics market during the forecast period on the global level. Furthermore, the report includes market attractiveness of the application on global level. The market attractiveness is evaluated based on growth rate, market size, raw materials, competition, economic factors and degree of integration. Company profiles comprise company overview, financial overview, product portfolio, business strategies, SWOT analysis and recent developments.

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Major players analyzed in the report include Celanese Corporation, the Dow Chemical Company, Huntsman Corporation, Du Pont, Binani Industries, Ahlstrom, BASF SE, PPG Industries, Haysite Reinforced Plastics and Solvay.

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