Vietnam Reinforcement Materials Market by Material Type, and End User - Opportunity Analysis and Industry Forecast, 2018-2024

  • ID: 4580631
  • Report
  • Region: Vietnam
  • 53 pages
  • Allied Analytics LLP
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The Vietnam reinforcement materials market generated $49,453 thousand in 2017 and is expected to grow at a CAGR of 7.9% to reach $84,478 thousand by 2024.Reinforcement materials are essential for the formation of fiber-based composites. Reinforcement materials are essential for forming composites as they provide rigidity and structural strength to the composites. Superior properties of composites such as, lighter weight as compared to individual components, increased use in the automotive as well as aerospace & defense sectors, and growth in consumption in the construction industry drive the reinforcement materials industry. However, the high production cost of reinforcement materials may hamper the growth of the market. Technological developments in production processes are expected to result in superior sustainability and improvement in performance efficiency, creating numerous growth opportunities for market players.

Vietnam reinforcement materials market is segmented on the basis of Material Type and end user. Based on Material Type market classified as glass fiber, carbon fiber and others. Glass fiber market further sub segmented as roving, woven roving, fabrics, CSM/CFM, chopped strand, and others. Carbon fiber market is further sub categorized into woven fabric, thermoset UD prepreg, thermoset fabric prepreg, thermoplastic prepreg, raw fiber, and molding compounds. On the basis of end user market is segmented as construction (residential, infrastructure and industrial) and others.

Vietnam reinforcement materials market is dominated by medium and large-scale manufacturers such as Vietnam Steel Corporation, vibuma, Central Glass Co., Ltd., Lanxess AG, International Standards Trading Vietnam Co. ltd., Posco SS-Vina, Co. Ltd., and QH Plus Corporation.

KEY BENEFITS
  • This report provides an extensive analysis of the current trends and forecasts estimations and dynamics in the reinforcement materials industry in Vietnam.
  • Comprehensive analysis of factors that drive and restrain the growth of the Vietnam reinforcement materials market share is provided in the report.
  • It offers a quantitative analysis from 2017 to 2024, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
KEY MARKET SEGMENTS

By Material Type
  • Glass Fiber
  • Roving
  • Woven Roving
  • Fabrics
  • CSM/CFM
  • Chopped Strand
  • Others
  • Carbon Fiber
  • Woven Fabric
  • Thermoset UD Prepreg
  • Thermoset Fabric Prepreg
  • Thermoplastic Prepreg
  • Raw Fiber
  • Molding Compounds
  • Others
By End User
  • Construction
  • Residential
  • Infrastructure
  • Industrial
  • Others
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CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 VIETNAM REINFORCEMENT MATERIALS MARKET, BY MATERIAL TYPE
3.1. OVERVIEW
3.1.1. Market size and forecast
3.2. GLASS FIBER
3.2.1. Key market trends, growth factors and opportunities
3.2.2. Market size and forecast, by type
3.2.2.1. Roving market size and forecast
3.2.2.2. Woven roving market size and forecast
3.2.2.3. Fabric market size and forecast
3.2.2.4. CSM/CFM market size and forecast
3.2.2.5. Chopped strand market size and forecast
3.2.2.6. Others market size and forecast
3.3. CARBON FIBER
3.3.1. Key market trends, growth factors and opportunities
3.3.2. Market size and forecast, by type
3.3.2.1. Woven fabric market size and forecast
3.3.2.2. Thermoset UD prepreg market size and forecast
3.3.2.3. Thermoset fabric prepreg market size and forecast
3.3.2.4. Thermoplastic Prepreg market size and forecast
3.3.2.5. Raw fiber market size and forecast
3.3.2.6. Molding compound market size and forecast
3.4. OTHERS
3.4.1. Key market trends, growth factors and opportunities
3.4.2. Market size and forecast

CHAPTER 4 VIETNAM REINFORCEMENT MATERIALS MARKET, BY END USER
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. CONSTRUCTION
4.2.1. Market size and forecast, by type
4.2.1.1. Residential market size and forecast
4.2.1.2. Infrastructure market size and forecast
4.2.1.3. Industrial market size and forecast
4.3. OTHERS
4.3.1. Market size and forecast
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According to a new report titled, Vietnam Reinforcement Materials Market, by Material Type and End User Opportunity Analysis and Industry Forecast, 2018-2024," the Vietnam reinforcement materials market was $49,453 thousand in 2017 and is expected to reach $84,478 thousand by 2024, expanding at CAGR of 7.9% from 2018-2024.

Reinforcement materials form composites where a homogeneous matrix component is fortified by a robust additive that is usually fibrous in nature. Sustainability and structural strength of reinforcement materials has made it ideal for use in automotive, consumer goods, marine products, and construction among other markets. Reinforcement materials are lighter in weight as compared to individual components, resulting in increased applications in the automotive, aerospace & defense, and construction industries. However, the high production cost of reinforcement materials could hamper the growth of the market. Technological advancements in the carbon and aramid fiber molding processes, have created numerous growth opportunities for the market players.

Based on material type, market is divided into glass fiber (roving, woven roving, fabrics, CSM/CFM, chopped strand, and others), carbon fiber (woven fabric, thermoset UD prepreg, thermoset fabric prepreg, thermoplastic prepreg, raw fiber, and molding compounds), and others. Glass fibers accounted for around two-thirds of the reinforcement materials industry revenue in 2017. The roving materials segment dominated the glass fibers market, generating nearly one-fourth of the total reinforcement materials industry revenue in the same year.

Key end user industries include construction, and others. Construction segment further sub classified as residential, infrastructure and industrial. Construction segment will show fastest market growth over the forecast period, owning to rapid urbanization, industrialization and developing economicconditions.

Key Findings of the Vietnam Reinforcement Materials Market

This report provides an extensive analysis of the current trends and forecasts estimations and dynamics in the reinforcement materials industry in Vietnam.
Comprehensive analysis of factors that drive and restrain the growth of the Vietnam reinforcement materials market share is provided in the report.
It offers a quantitative analysis from 2017 to 2024, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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