The modern-day document posted via Report Ocean, titled “Vietnam 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 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.
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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.
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
>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
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>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
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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