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Global Reinforced Plastics Market: By Fibre Type: Carbon Fibre, Glass Fibre, Aramid Fibre, Others; By Polymers: Thermosets, Thermoplastic; By Application: Automotive, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Reinforced Plastics Market Outlook

The global reinforced plastics market stood at a value of more than USD 224.2 billion in 2021. The market is further expected to grow at a CAGR of 4% in the forecast period of 2023-2028 to attain a value of over USD 283.70 billion by 2027.

 

Global Reinforced Plastics Market

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Rising Demand for Thermoplastics to Spearhead the Market Growth of Global Reinforced Plastics

Based on polymers, the thermoplastics segment is predicted to hold a significant market share in the reinforced plastics industry. This growth can be attributed to the increased demand for efficient thermoplastics to be used in the production of various products, including consumer goods, mechanical parts, medical equipment, and packaging solutions, among others. This can be associated with the various benefits of thermoplastics, such as energy efficiency, low cost manufacturing, lightweight structure, and high fatigue resistance, among others.

 

North America to Provide Profitable Growth Opportunities to the Global Reinforced Plastics Industry

North America is estimated to hold a substantial share of the reinforced plastics industry in the forecast period. This growth can be attributed to the presence of leading market players in the region. In addition, the rapid expansion of the automotive industry in the region is also adding to the market growth, which is expected to bolster the market growth in the coming years. Meanwhile, Asia Pacific is also expected to account for a considerable growth, with the growing investments in the infrastructure development activities in the growing economies of the region, such as China and India.

 

Reinforced Plastics: Market Segmentation

Reinforced plastics refers to composite materials that comprise a resinous matrix with reinforcing fibers in woven or nonwoven forms that provide designer and engineered flexibility, based on the project requirements. Plastic composites provide combined properties of different materials and are economical and efficient to be used in the manufacturing of various products from large spacecrafts to small toys.

 

Global Reinforced Plastics Market by Segment

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By fibre type, the market is divided into:

  • Carbon fibre 
  • Glass fibre 
  • Aramid fibre
  • Others

On the basis of polymers, the market can be segmented into:

  • Thermosets
  • Thermoplastic

Based on application, the industry can be segregated into:

  • Automotive 
  • Building and Construction 
  • Aerospace and Aviation 
  • Wind Energy
  • Marine 
  • Electrical and Electronics 
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Reinforced Plastics Market by Region

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Increased Utilisation of Reinforced Plastics in the Production of Advanced Engineering Structures to Drive the Global Reinforced Plastics Industry Growth

The rising demand for reinforced plastics in the manufacturing of advanced engineering structures across industries such as spacecrafts, aircrafts, rails coaches, ships and others is expected to provide a boost to the overall market growth. Moreover, the growing demand in the construction industry is also predicted to facilitate industry growth. This is further fuelled by the rising investments in the construction industry by the governments worldwide. This can be attributed to the rising global population. In addition, the exponential demand for reinforced plastics in the production of exterior and interior elements of automobiles is predicted to bolster the market growth, which is fuelled by the rising disposable incomes. In this regard, reinforced plastics offer lightweight composition, which helps to enhance the fuel efficiency of vehicles. Furthermore, the recyclability and expansive end use potential offered by reinforced plastics are projected to positively impact the market growth in the forecast period.

 

Key Industry Players in the Global Reinforced Plastics Market

The report gives a detailed analysis of the following key players in the global reinforced plastics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • BASF SE
  • Binani Industries Ltd
  • Solvay S.A
  • SGL Carbon
  • Constantia Industries AG
  • Teijin Limited
  • Toray Industries, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Fibre Type, Polymers, Application, Region
Breakup by Fibre Type Carbon Fibre, Glass Fibre, Aramid Fibre, Others
Breakup by Polymers Thermosets, Thermoplastic
Breakup by Application Automotive, Building and Construction, Aerospace and Aviation, Wind Energy, Marine, Electrical and Electronics, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered BASF SE, Binani Industries Ltd, Solvay S.A, SGL Carbon, Constantia Industries AG, Teijin Limited, Toray Industries, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Reinforced Plastics Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Reinforced Plastics Historical Market (2018-2022) 
    8.3    Global Reinforced Plastics Market Forecast (2023-2028)
    8.4    Global Reinforced Plastics Market by Fibre Type
        8.4.1    Carbon Fibre 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Glass Fibre 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Aramid Fibre 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Reinforced Plastics Market by Polymers
        8.5.1    Thermosets
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Thermoplastic
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Reinforced Plastics Market by Application
        8.6.1    Automotive
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Building and Construction
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Aerospace and Aviation
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Wind Energy
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Marine
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
        8.6.6    Electrical and Electronics
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2018-2022)
            8.6.6.3    Forecast Trend (2023-2028)
        8.6.7    Others    
    8.7    Global Reinforced Plastics Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Reinforced Plastics Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Reinforced Plastics Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Reinforced Plastics Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Reinforced Plastics Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Reinforced Plastics  Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain  Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    BASF SE
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Binani Industries Ltd
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Solvay S.A
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    SGL Carbon
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Constantia Industries AG    
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Teijin Limited
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Toray Industries, Inc.
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
17    Key Trends and Developments in the  Market

 

List of Key Figures and Tables

1.    Global Reinforced Plastics Market: Key Industry Highlights, 2018 and 2028
2.    Global Reinforced Plastics Historical Market: Breakup by Fibre Type (USD Billion), 2018-2022
3.    Global Reinforced Plastics Market Forecast: Breakup by Fibre Type (USD Billion), 2023-2028
4.    Global Reinforced Plastics Historical Market: Breakup by Polymer (USD Billion), 2018-2022
5.    Global Reinforced Plastics Market Forecast: Breakup by Polymer (USD Billion), 2023-2028
6.    Global Reinforced Plastics Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global Reinforced Plastics Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global Reinforced Plastics Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Reinforced Plastics Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Reinforced Plastics Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Reinforced Plastics Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Reinforced Plastics Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Reinforced Plastics Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Reinforced Plastics Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Reinforced Plastics Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Reinforced Plastics Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Reinforced Plastics Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Reinforced Plastics Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Reinforced Plastics Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Reinforced Plastics Market Structure

Key Questions Answered in the Report

In 2021, the global reinforced plastics market attained a value of more than USD 224.2 billion.

The market is projected to grow at a CAGR of 4% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach over USD 283.70 billion by 2027.

The major drivers of the industry, such as the increased demand in the construction industry, rising demand for infrastructure development, rapid technological advancements, growing demand in the production of automobile and interior and exterior, rising demand for fuel efficient passenger vehicles, and heightened demand for industrial machinery and equipment production, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the increasing demand in the construction of advance engineering structures.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant fibre types include carbon fibre, glass fibre, aramid fibre, and others.

The major polymers include thermosets and thermoplastic.

The different applications include automotive, building and construction, aerospace and aviation, wind energy, marine, electrical and electronics, and others.

The major players in the industry are BASF SE, Binani Industries Ltd, Solvay S.A, SGL Carbon, Constantia Industries AG, Teijin Limited, Toray Industries, Inc., and others.

Analyst Review

The global reinforced plastics market attained a value of more than USD 224.2 billion in 2021, driven by the increased demand for reinforced polymer in the production of advanced engineering structures. Aided by the rapid industrialisation, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4%. The market is projected to reach over USD 283.70 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By fibre type, the market can be distributed into carbon fibre, glass fibre, aramid fibre, and others. On the basis of polymer, the industry can be segmented into thermosets and thermoplastic. The industry can be categorised, based on application, into automotive, building and construction, aerospace and aviation, wind energy, marine, electrical and electronics, and others. The major regional markets for reinforced plastics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BASF SE, Binani Industries Ltd, Solvay S.A, SGL Carbon, Constantia Industries AG, Teijin Limited, Toray Industries, Inc., and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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