Global Reinforced Plastics Market Report 2023: Market to Reach $314.5 Billion by 2030 - Reinforced Plastics Find Favor in Light-weighting in Aerospace, Marine Applications and Aircraft Interiors

Dublin, Jan. 26, 2023 (GLOBE NEWSWIRE) -- The "Reinforced Plastics - Global Strategic Business Report" report has been added to * ResearchAndMarkets.com's* offering.

*Global Reinforced Plastics Market to Reach $314.5 Billion by 2030*

In the changed post COVID-19 business landscape, the global market for Reinforced Plastics estimated at US$240.1 Billion in the year 2022, is projected to reach a revised size of US$314.5 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2022-2030.

Carbon Fiber, one of the segments analyzed in the report, is projected to record a 4.1% CAGR and reach US$75.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Glass Fiber segment is readjusted to a revised 3.5% CAGR for the next 8-year period.

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. adaptability.

*The U.S. Market is Estimated at $70.2 Billion, While China is Forecast to Grow at 3.3% CAGR*

The Reinforced Plastics market in the U.S. is estimated at US$70.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$56 Billion by the year 2030 trailing a CAGR of 3.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 2.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

*What`s New for 2023?*

· Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
· Global competitiveness and key competitor percentage market shares
· Market presence across multiple geographies - Strong/Active/Niche/Trivial
· Online interactive peer-to-peer collaborative bespoke updates
· Access to digital archives and Research Platform
· Complimentary updates for one year

*Key Metrics*

*Report Attribute* *Details*
No. of Pages 217
Forecast Period 2022 - 2030
Estimated Market Value (USD) in 2022 $240.1 Billion
Forecasted Market Value (USD) by 2030 $314.5 Billion
Compound Annual Growth Rate 3.4%
Regions Covered Global

*Key Topics Covered:*

*1. MARKET OVERVIEW*

· Influencer Market Insights
· World Market Trajectories
· 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
· Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
· Reinforced Plastics - Global Key Competitors Percentage Market Share in 2022 (E)

*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*

For more information about this report visit https://www.researchandmarkets.com/r/nziodl

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*Attachment*

· Global Market for Reinforced Plastics

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