Fiber-Reinforced Plastic Composites

  • ID: 4533142
  • Report
  • 317 Pages
  • The Freedonia Group
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Fiber-Reinforced Plastic Composites

US demand to reach 4.3 billion pounds in 2017
US demand for fiber-reinforced plastic (FRP) composites is forecast to reach 4.3 billion pounds in 2017. Advances will rebound from the moderate declines experienced during the course of the recession-impacted 2007-2012 period, when opportunities were restricted by a steep drop in construction activity, reduced motor vehicle output, and the collapse of the recreational boating market. These markets are anticipated to register renewed growth as economic conditions improve. In addition, FRP composites will continue to supplant conventional materials such as aluminum and steel due to a number of performance advantages, including stiffness, light weight, and corrosion resistance, as well as greater design flexibility and improved part consolidation capabilities.

Glass fiber to remain dominant reinforcement material
Glass fiber is by far the leading reinforcement material used in the composites industry, benefiting from its low cost, high strength-to-weight ratio, good processability, and chemical resistance. However, much smaller volume types such as carbon and aramid fibers are forecast to achieve rapid gains based on rising requirements for higher performing materials, particularly in motor vehicle, aerospace, military, and industrial sectors.

Best growth prospects to be seen in motor vehicle & construction markets
Motor vehicles and construction represent the major outlets for FRP composites and will provide the best opportunities for growth through 2017, spurred by an improving outlook for vehicle output and a strong rebound in building construction activity. Together, these two markets will account for more than three-quarters of new demand for FRP composites through 2017. Ongoing efforts by automakers to enhance fuel efficiency will continue to drive composites demand, as vehicle weight reduction -- which represents a key strategy utilized by OEMs to boost fuel economy -- is often accomplished through the use of lightweight composite materials. Advances in the construction sector will be propelled by rapid spending gains in the residential sector, which will generate demand for a variety of products, including fiberglass bathroom components and entry doors.

Prospects will also be bright in the small aircraft and aerospace sector, driven by the expanding utilization of carbon fiber composites in the production of commercial airliners such as Boeing’s 787 DREAMLINER, which has more than 50 percent composite content. Rising consumer spending levels will bode well for composites used in the production of marine and consumer durable products.

Thermoset polyester, epoxy to lead market advances
Thermoset polyester is by far the leading resin in the FRP composites market, with demand stemming largely from its widespread use in construction applications, where it is favored for its low cost, durability, and corrosion resistance. Although it remains a relatively small segment of the market for the foreseeable future, epoxy is forecast to see much faster growth, fueled by the rising use of carbon-epoxy composites, particularly in aerospace applications. Demand for thermoplastics such as nylon, thermoplastic polyester, and polypropylene will be fueled by these materials’ fast processability, cost competitiveness, and design flexibility. However, overall advances will be restrained by a lack of familiarity with thermoplastics among many composites producers and the need for alternative processing techniques.

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INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
General
Macroeconomic Outlook
Demographic Trends
Consumer Income & Spending
Construction Outlook
Residential Construction
Nonresidential Building Construction
Nonbuilding Construction
Manufacturing Outlook
Motor Vehicle Outlook
Electrical & Electronic Equipment Outlook
Recreational Boating Outlook
Plastic Resin Outlook
Competitive Materials
Processing Methods
Pricing Trends
Regulatory Factors
Recycling
International Activity
III. FIBERS
General
Glass Fibers
Carbon & Other Fibers
Carbon Fibers
Aramid Fibers
All Other
IV. PRODUCTS
General
Thermoset Composites
Polyester
Markets
Producers
Epoxy
Markets
Producers
Other Thermoset Composites
Thermoplastic Composites
Nylon
Markets
Producers
Thermoplastic Polyester
Markets
Producers
Polypropylene
Markets
Producers
Styrenics
Markets
Producers
Polycarbonate
Other Thermoplastic Composites
V. MARKETS
General
Motor Vehicles
Resins
Thermosets
Thermoplastics
Producers
Demand by Application & Vehicle Type
Construction
Resins
Applications
Bathroom Components
General Construction
Pipe
Panels
Tanks & Other
Electrical & Electronics
Resins
Applications
Electrical & Energy
Computer & Electronics
Consumer Durables
Resins
Applications
Appliances
Other Consumer Durables
Marine
Other Markets
Resins
Applications
Aircraft & Aerospace
All Other Markets
VI. INDUSTRY STRUCTURE
General
Industry Composition
Market Share
Mergers & Acquisitions
Marketing Strategies
Channels of Distribution
Research & Development
Competitive Strategies
Cooperative Agreements
Company Profiles
AGY Holding Corporation
Ameron International, see National Oilwell Varco
AOC LLC
Ashland Incorporated
BASF SE
Berkshire Hathaway Incorporated
Bulk Molding Compounds, see Citadel Plastics Holdings
CCP Composites US, see Total
Celanese Corporation
Citadel Plastics Holdings Incorporated
Core Molding Technologies Incorporated
Crane Company
Cytec Industries Incorporated
DuPont (EI) de Nemours
ECM Plastics, see Schulman (A.)
Ferro Corporation
Fiberspar, see National Oilwell Varco
General Electric Company
Glasforms, see PolyOne
Hadlock Plastics, see Premix
Hanwha Group
Hexcel Corporation
Huntsman Corporation
Interplastic Corporation
Johns Manville, see Berkshire Hathaway
LM Wind Power Group
Matrixx Group, see Citadel Plastics Holdings
Momentive Performance Materials Holdings LLC
National Oilwell Varco Incorporated
Owens Corning
Performance Materials, see Royal Ten Cate
Plasan Carbon Composites Incorporated
PolyOne Corporation
PPG Industries Incorporated
Premix Incorporated
Quantum Composites, see Premix
Reichhold Incorporated
Rogers Corporation
Royal DSM NV
Royal Ten Cate NV
RTP Company
SABIC Innovative Plastics, see Saudi Basic Industries
Saudi Basic Industries Corporation
Schulman (A.) Incorporated
Strongwell Corporation
Styrolution Group, see BASF
Teijin Limited
Ticona, see Celanese
Toray Industries Incorporated
Total SA
TPI Composites Incorporated
Umeco, see Cytec Industries
Zoltek Companies Incorporated
Other Companies Mentioned in the Study
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators
2 Population & Households
3 Personal Consumption Expenditures
4 Construction Expenditures
5 Residential Building Construction Expenditures
6 Nonresidential Building Construction Expenditures
7 Nonbuilding Construction Expenditures
8 Manufacturers’ Shipments
9 Motor Vehicle Production & Sales
10 Electrical & Electronic Equipment Shipments
11 Recreational Boat Shipments
12 Plastic Resin Supply & Demand
13 Fiber-Reinforced Plastic Composites Pricing
SECTION III -- FIBERS
1 Fiber Materials Demand in Composites
2 Glass Fibers Demand in Composites
3 Carbon & Other Fibers Demand in Composites by Type
SECTION IV -- PRODUCTS
1 Fiber-Reinforced Plastic Composites Demand by Type
2 Thermoset Composites Demand by Resin
3 Thermoset Polyester Composites Demand by Market
4 Epoxy Composites Demand by Market
5 Other Thermoset Composites Demand by Market
6 Thermoplastic Composites Demand by Resin
7 Nylon Composites Demand by Market
8 Thermoplastic Polyester Composites Demand by Market
9 Polypropylene Composites Demand by Market
10 Styrenic Composites Demand by Market
11 Polycarbonate Composites Demand by Market
12 Other Thermoplastic Composites Demand by Market
SECTION V -- MARKETS
1 Fiber-Reinforced Plastic Composites Demand by Market
2 Motor Vehicle Market for Fiber-Reinforced Plastic Composites by Resin
3 Motor Vehicle Market for Fiber-Reinforced Plastic Composites by Application & Vehicle Type
4 Construction Market for Fiber-Reinforced Plastic Composites by Resin
5 Construction Market for Fiber-Reinforced Plastic Composites by Application
6 Bathroom Components: Fiber-Reinforced Plastic Composites Demand
7 General Construction: Fiber-Reinforced Plastic Composites Demand
8 Pipe: Fiber-Reinforced Plastic Composites Demand
9 Panels: Fiber-Reinforced Plastic Composites Demand
10 Tanks & Other: Fiber-Reinforced Plastic Composites Demand
11 Electrical & Electronics Market for Fiber-Reinforced Plastic Composites by Resin
12 Electrical & Electronics Market for Fiber-Reinforced Plastic Composites by Application
13 Electrical & Energy: Fiber-Reinforced Plastic Composites Demand
14 Computer & Electronics: Fiber-Reinforced Plastic Composites Demand
15 Consumer Durables Market for Fiber-Reinforced Plastic Composites by Resin
16 Consumer Durables Market for Fiber-Reinforced Plastic Composites by Application
17 Appliances: Fiber-Reinforced Plastic Composites Demand
18 Other Consumer Durables: Fiber-Reinforced Plastic Composites Demand
19 Marine Market: Fiber-Reinforced Plastic Composites Demand
20 Other Markets for Fiber-Reinforced Plastic Composites by Resin
21 Other Markets for Fiber-Reinforced Plastic Composites by Application
SECTION VI -- INDUSTRY STRUCTURE
1 US Fiber-Reinforced Plastic Composites Industry Sales by Company, 2012
2 Selected Acquisitions & Divestitures
3 Selected Cooperative Agreements
LIST OF CHARTS
SECTION III -- FIBERS
1 Fiber Materials Demand in Composites by Type: Volume & Value, 2012
SECTION IV -- PRODUCTS
1 Fiber-Reinforced Plastic Composites Demand by Type, 2012
2 Thermoset Polyester Composites Demand by Market, 2012
3 Thermoplastic Composites Demand by Resin, 2012
SECTION V -- MARKETS
1 Fiber-Reinforced Plastic Composites Demand by Market, 2012
2 Motor Vehicle Market for Fiber-Reinforced Plastic Composites by Resin, 2012
3 Construction Market for Fiber-Reinforced Composites by Application, 2012
4 Electrical & Electronics Market for Fiber-Reinforced Plastic Composites by Resin, 2012
SECTION VI -- INDUSTRY STRUCTURE
1 Fiber-Reinforced Plastic Composites Industry Flowchart
2 US Fiber-Reinforced Plastic Composites Market Leaders, 2012
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