The modern-day document posted via Report Ocean, titled “Reinforcement Materials Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global reinforcement materials market was valued at $17.8 billion in 2019, and is projected to reach $27.9 billion by 2027, growing at a CAGR of 8.0% from 2020 to 2027. The report combines in-depth quantitative analysis with exhaustive qualitative analysis, ranging from a macro-overview of the overall market size, industry chain, and market dynamics to micro details of segment markets by type, application, and region. As a result, the report offers a comprehensive view of the market that addresses all of its key facets. These market hypotheses are supported by data that comes from both primary and secondary research.
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Composite reinforcement materials reinforce the resin system by improving its mechanical manifold properties. Materials made of fiber reinforced polymer (FRP) have high strength, low density and are easy to process. FRP composites find broad uses in housing, automotive and aerospace uses. The most common type of fiber used in composite laminates as reinforcement is glass fibers. Certain prevalent types of material for reinforcement include carbon fibers and aramid fibers. Reinforcement materials can be designed specifically for optimal efficiency and cost savings, depending on the specifications and manufacturing processes.
The demand for reinforcement materials is expected to expand globally in the forecast period due to rise in the construction industry. The demand for reinforcement materials is expected to be driven by low investment costs of glass fibers and related composites coupled with emerging end-use applications of fiber composites. Growing carbon fiber use in aircraft manufacturing and increasing demands in the automotive industry for lightweight materials propels this market’s growth.
However, the costly and complex method of carbon fiber processing, issues related to the recycling and disposal of glass fibers and the heavy weight of particulate composites hinder the growth of the reinforcement material market. On the other hand, new developments in carbon/glass hybrid structures and the increasing adoption of carbon fiber-reinforced polymers in the medical industry are projected to present significant market player opportunities during the forecast period.
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The global reinforcement materials market is segmented based on material type, end-user, and region. By material type, the market is classified 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), aramid fiber (para-aramid fiber, and meta-aramid fiber & others), natural fiber (hemp, flax, kenaf, jute, and others), and steel rebar. According to end-user, it is divided into construction, aerospace & defense, transportation, wind energy, consumer goods, industrial, marine, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
u The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global reinforcement materials market from 2019 to 2027 to determine the prevailing opportunities.
u A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
u Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.
u Profiles of leading players operating in the market are provided to understand the global competitive scenario.
u The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.
KEY MARKET PLAYERS
– BASF SE
– Bast Fibers LLC
– Binani Industries
– DuPont
– Honeywell International Inc.
– Hyosung Corporation
– NFC FIBERS GMBH
– Owens Corning
– Teijin Limited
– Toray Industries Inc.
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KEY MARKET SEGMENTS
– By Material Type
– Glass Fiber
o Roving
o Woven Roving
o Fabrics
o CSM/CFM
o Chopped Strand
o Others
– Carbon Fiber
o By Precursor
– PAN
– Pitch, Rayon & Others
o By Fiber Type
– Woven Fabric
– Thermoset UD Prepreg
– Thermoset Fabric Prepreg
– Thermoplastic Prepreg
– Raw Fiber
– Molding Compounds
– Aramid Fiber
o Para-Aramid Fiber
o Meta-Aramid Fiber & Others
– Natural Fiber
o Hemp
o Flax
o Kenaf
o Jute
o Others
– Steel Rebar
– By End-User
– Construction
– Aerospace & Defense
– Transportation
– Wind Energy
– Consumer Goods
– Industrial
– Others
– By Region
o North America
– U.S.
– Canada
– Mexico
o Europe
– Germany
– France
– Italy
– Spain
– UK
– Rest of Europe
o Asia-Pacific
– China
– Japan
– India
– South Korea
– Australia
– Rest of Asia-Pacific
o LAMEA
– Brazil
– Saudi Arabia
– South Africa
– Rest of LAMEA
Table of Content:
Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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