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Reinforced Plastics - Global Market Trajectory & Analytics

  • ID: 344049
  • Report
  • July 2020
  • Region: Global
  • 182 Pages
  • Global Industry Analysts, Inc
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Global Reinforced Plastics Market to Reach 10.3 Million Tons by 2027

Amid the COVID-19 crisis, the global market for Reinforced Plastics estimated at 7.7 Million Tons in the year 2020, is projected to reach a revised size of 10.3 Million Tons by 2027, growing at a CAGR of 4.3% over the analysis period 2020-2027. Transportation, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach 3.3 Million Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Construction segment is readjusted to a revised 4.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at 2.3 Million Tons, While China is Forecast to Grow at 4% CAGR

The Reinforced Plastics market in the U.S. is estimated at 2.3 Million Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 1.8 Million Tons by the year 2027 trailing a CAGR of 4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 3.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Electrical & Electronics Segment to Record 3.7% CAGR

In the global Electrical & Electronics segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of 934.4 Thousand Tons in the year 2020 will reach a projected size of 1.2 Million Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 1.1 Million Tons by the year 2027.We bring years of research experience to this 19th edition of our report. The 182-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • 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.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

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

Global Competitor Market Shares

Reinforced Plastics Competitor Market Share Scenario Worldwide (in %): 2018 & 2029

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: Reinforced Plastics Global Market Estimates and Forecasts in Thousand Tons by Region/Country: 2020-2027
TABLE 2: Reinforced Plastics Global Retrospective Market Scenario in Thousand Tons by Region/Country: 2012-2019
TABLE 3: Reinforced Plastics Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Transportation (End-Use) Global Opportunity Assessment in Thousand Tons by Region/Country: 2020-2027
TABLE 5: Transportation (End-Use) Historic Sales Analysis in Thousand Tons by Region/Country: 2012-2019
TABLE 6: Transportation (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Construction (End-Use) Worldwide Sales in Thousand Tons by Region/Country: 2020-2027
TABLE 8: Construction (End-Use) Historic Demand Patterns in Thousand Tons by Region/Country: 2012-2019
TABLE 9: Construction (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
TABLE 10: Electrical & Electronics (End-Use) Global Market Estimates & Forecasts in Thousand Tons by Region/Country: 2020-2027
TABLE 11: Electrical & Electronics (End-Use) Retrospective Demand Analysis in Thousand Tons by Region/Country: 2012-2019
TABLE 12: Electrical & Electronics (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Consumer Products (End-Use) Demand Potential Worldwide in Thousand Tons by Region/Country: 2020-2027
TABLE 14: Consumer Products (End-Use) Historic Sales Analysis in Thousand Tons by Region/Country: 2012-2019
TABLE 15: Consumer Products (End-Use) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Other End-Uses (End-Use) Worldwide Latent Demand Forecasts in Thousand Tons by Region/Country: 2020-2027
TABLE 17: Other End-Uses (End-Use) Global Historic Analysis in Thousand Tons by Region/Country: 2012-2019
TABLE 18: Other End-Uses (End-Use) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Reinforced Plastics Market Share (in %) by Company: 2018 & 2025

Market Analytics
TABLE 19: United States Reinforced Plastics Latent Demand Forecasts in Thousand Tons by End-Use: 2020 to 2027
TABLE 20: Reinforced Plastics Historic Demand Patterns in the United States by End-Use in Thousand Tons for 2012-2019
TABLE 21: Reinforced Plastics Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027

CANADA

TABLE 22: Canadian Reinforced Plastics Market Quantitative Demand Analysis in Thousand Tons by End-Use: 2020 to 2027
TABLE 23: Reinforced Plastics Market in Canada: Summarization of Historic Demand Patterns in Thousand Tons by End-Use for 2012-2019
TABLE 24: Canadian Reinforced Plastics Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

JAPAN

TABLE 25: Japanese Demand Estimates and Forecasts for Reinforced Plastics in Thousand Tons by End-Use: 2020 to 2027
TABLE 26: Japanese Reinforced Plastics Market in Thousand Tons by End-Use: 2012-2019
TABLE 27: Reinforced Plastics Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027

CHINA

TABLE 28: Chinese Demand for Reinforced Plastics in Thousand Tons by End-Use: 2020 to 2027
TABLE 29: Reinforced Plastics Market Review in China in Thousand Tons by End-Use: 2012-2019
TABLE 30: Chinese Reinforced Plastics Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

EUROPE

Market Facts & Figures

European Reinforced Plastics Market: Competitor Market Share Scenario (in %) for 2018 & 2025

Market Analytics
TABLE 31: European Reinforced Plastics Market Demand Scenario in Thousand Tons by Region/Country: 2020-2027
TABLE 32: Reinforced Plastics Market in Europe: A Historic Market Perspective in Thousand Tons by Region/Country for the Period 2012-2019
TABLE 33: European Reinforced Plastics Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 34: European Reinforced Plastics Addressable Market Opportunity in Thousand Tons by End-Use: 2020-2027
TABLE 35: Reinforced Plastics Market in Europe: Summarization of Historic Demand in Thousand Tons by End-Use for the Period 2012-2019
TABLE 36: European Reinforced Plastics Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

FRANCE

TABLE 37: Reinforced Plastics Quantitative Demand Analysis in France in Thousand Tons by End-Use: 2020-2027
TABLE 38: French Reinforced Plastics Historic Market Review in Thousand Tons by End-Use: 2012-2019
TABLE 39: French Reinforced Plastics Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027

GERMANY

TABLE 40: Reinforced Plastics Market in Germany: Annual Sales Estimates and Forecasts in Thousand Tons by End-Use for the Period 2020-2027
TABLE 41: German Reinforced Plastics Market in Retrospect in Thousand Tons by End-Use: 2012-2019
TABLE 42: Reinforced Plastics Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027

ITALY

TABLE 43: Italian Demand for Reinforced Plastics in Thousand Tons by End-Use: 2020 to 2027
TABLE 44: Reinforced Plastics Market Review in Italy in Thousand Tons by End-Use: 2012-2019
TABLE 45: Italian Reinforced Plastics Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

UNITED KINGDOM

TABLE 46: United Kingdom Demand Estimates and Forecasts for Reinforced Plastics in Thousand Tons by End-Use: 2020 to 2027
TABLE 47: United Kingdom Reinforced Plastics Market in Thousand Tons by End-Use: 2012-2019
TABLE 48: Reinforced Plastics Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 49: Rest of Europe Reinforced Plastics Addressable Market Opportunity in Thousand Tons by End-Use: 2020-2027
TABLE 50: Reinforced Plastics Market in Rest of Europe: Summarization of Historic Demand in Thousand Tons by End-Use for the Period 2012-2019
TABLE 51: Rest of Europe Reinforced Plastics Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 52: Reinforced Plastics Quantitative Demand Analysis in Asia-Pacific in Thousand Tons by End-Use: 2020-2027
TABLE 53: Asia-Pacific Reinforced Plastics Historic Market Review in Thousand Tons by End-Use: 2012-2019
TABLE 54: Asia-Pacific Reinforced Plastics Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027

REST OF WORLD

TABLE 55: Rest of World Reinforced Plastics Market Quantitative Demand Analysis in Thousand Tons by End-Use: 2020 to 2027
TABLE 56: Reinforced Plastics Market in Rest of World: Summarization of Historic Demand Patterns in Thousand Tons by End-Use for 2012-2019
TABLE 57: Rest of World Reinforced Plastics Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 89

Note: Product cover images may vary from those shown
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