+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Reinforced Plastics - Global Strategic Business Report

  • PDF Icon

    Report

  • 217 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 344049

Global Reinforced Plastics Market to Reach $314.5 Billion by 2030

The global market for Reinforced Plastics estimated at US$240.1 Billion in the year 2022, is projected to reach a revised size of US$314.5 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2022-2030. Carbon Fiber, one of the segments analyzed in the report, is projected to record a 4.1% CAGR and reach US$75.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Glass Fiber segment is readjusted to a revised 3.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $70.2 Billion, While China is Forecast to Grow at 3.3% CAGR

The Reinforced Plastics market in the U.S. is estimated at US$70.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$56 Billion by the year 2030 trailing a CAGR of 3.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 2.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Select Competitors (Total 89 Featured) -

  • 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.


What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Reinforced Plastics

What is the estimated value of the Global Market for Reinforced Plastics?

The Global Market for Reinforced Plastics was estimated to be valued at $240.1 Billion in 2022.

What is the growth rate of the Global Market for Reinforced Plastics?

The growth rate of the Global Market for Reinforced Plastics is 3.4%, with an estimated value of $314.5 Billion by 2030.

What is the forecasted size of the Global Market for Reinforced Plastics?

The Global Market for Reinforced Plastics is estimated to be worth $314.5 Billion by 2030.

Who are the key companies in the Global Market for Reinforced Plastics?

Key companies in the Global Market for Reinforced Plastics include 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 and Fiber Reinforced Plastics (NZ) Ltd..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • 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
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Reinforced Plastics - Global Key Competitors Percentage Market Share in 2022 (E)
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: World Recent Past, Current & Future Analysis for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Electrical & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Electrical & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Electrical & Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Reinforced Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Reinforced Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Reinforced Plastics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Carbon Fiber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Carbon Fiber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Carbon Fiber by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Glass Fiber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Glass Fiber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Glass Fiber by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Aramid Fiber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Aramid Fiber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Aramid Fiber by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Other Fiber Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Other Fiber Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Other Fiber Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Thermosets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for Thermosets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 27: World 16-Year Perspective for Thermosets by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Thermoplastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 29: World Historic Review for Thermoplastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 30: World 16-Year Perspective for Thermoplastics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 32: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 33: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 34: World Recent Past, Current & Future Analysis for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 35: World Historic Review for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 36: World 16-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 37: World Reinforced Plastics Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Reinforced Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Reinforced Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Reinforced Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Reinforced Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Reinforced Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Reinforced Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Reinforced Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Reinforced Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
REST OF WORLDIV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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.