GLOBAL REINFORCEMENT MATERIALS MARKET FORECAST 2019-2028

September 2020 •
206 pages •
Report ID: 5975584 •
Format: PDF

Summary
Table of contents

KEY FINDINGS
The global reinforcement materials market is estimated to grow with a CAGR of 6.09% in terms of revenue, during the forecast years of 2019 to 2028. In terms of volume, the market is set to register a CAGR of 5.27%. The market’s key drivers include the enhancement of product properties due to reinforcement, the increasing preference for lightweight materials, the growth of defense and aerospace industries, and the growing end-use applications.

MARKET INSIGHTS
Reinforcement materials are primarily used in applications such as, transportation, construction, aerospace, consumer goods, and others.They help develop and improve the overall product strength, which, in turn, helps enhance the materials’ properties and also increase the quality.

Besides, the fiber types used are aramid fiber, glass fiber, natural fiber, steel rebar, and carbon fiber.
Longer fibers increase the plastics’ strength, thereby enhancing its properties and making it more competitive to metal.Moreover, due to the development of glass fiber composites, there has been an increased use of lightweight materials, across the aerospace division.

The market is also fueled by introducing glass fiber, owing to its benefits like, bodyweight reduction.Besides, such composites are nearly 60% lighter than steel, and 35% lighter than aluminum.

As a result, the increasing preference for lightweight materials is expected to drive the market growth, during the forecast period.

REGIONAL INSIGHTS
The global reinforcement materials market growth is assessed across Europe, the Asia Pacific, North America, and the rest of the world.The Asia Pacific is anticipated to be the fastest-growing and dominating region for reinforcement materials, over the forecast years.

Factors like, the rapidly expanding urbanization, the surging high-end investment in defense goods in developing economies like China and India, and new infrastructure, are anticipated to propel the region’s market growth.

COMPETITIVE INSIGHTS
The industrial rivalry is estimated to be high over the forecast years, because of the growing demand for reinforcement materials in numerous application sectors like friction materials, security and protection, rubber reinforcements, and optical fibers.Additionally, the entry of fresh players is predicted to intensify the competition, in the upcoming years.

Key enterprises operating in the market include, Honeywell International Inc, BASF, Toray Industries Inc, NFC Fibres GmbH, Tejin Ltd, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. BASF
2. DUPONT
3. HONEYWELL INTERNATIONAL INC
4. NFC FIBERS GMBH
5. TEIJIN LTD
6. TORAY INDUSTRIES INC
7. OWENS CORNING
8. HYOSUNG CORPORATION
9. BINANI INDUSTRIES

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