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
What is the estimated value of the Global Market for Reinforced Plastics?
What is the growth rate of the Global Market for Reinforced Plastics?
What is the forecasted size of the Global Market for Reinforced Plastics?
Who are the key companies in the Global Market for Reinforced Plastics?
Report Attribute | Details |
---|---|
No. of Pages | 217 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 240.1 Billion |
Forecasted Market Value ( USD | $ 314.5 Billion |
Compound Annual Growth Rate | 3.4% |
Regions Covered | Global |
Table of Contents
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.