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Global Reinforced Plastics Market Size, Share, Trends, Forecast: By Fibre Type: Carbon Fibre, Glass Fibre, Aramid Fibre, Others; By Polymers: Thermosets, Thermoplastic; By Application: Automotive, Building and Construction, Aerospace and Aviation, Wind Energy, Marine, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Reinforced Plastics Market Outlook
The global reinforced plastics market stood at a value of more than USD 242.49 billion in 2023. The market is further expected to grow at a CAGR of 4% in the forecast period of 2024-2032 to attain a value of over USD 345.16 billion by 2032.
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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.
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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.
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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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Fibre Type |
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| Breakup by Polymers |
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| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| 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 (2018-2023)
8.3 Global Reinforced Plastics Market Forecast (2024-2032)
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 (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Glass Fibre
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Aramid Fibre
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Thermoplastic
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Reinforced Plastics Market by Application
8.6.1 Automotive
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Building and Construction
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Aerospace and Aviation
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Wind Energy
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Marine
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
8.6.6 Electrical and Electronics
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2023)
8.6.6.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Reinforced Plastics Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Reinforced Plastics Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Reinforced Plastics Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Reinforced Plastics Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
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 2032
2. Global Reinforced Plastics Historical Market: Breakup by Fibre Type (USD Billion), 2018-2023
3. Global Reinforced Plastics Market Forecast: Breakup by Fibre Type (USD Billion), 2024-2032
4. Global Reinforced Plastics Historical Market: Breakup by Polymer (USD Billion), 2018-2023
5. Global Reinforced Plastics Market Forecast: Breakup by Polymer (USD Billion), 2024-2032
6. Global Reinforced Plastics Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Reinforced Plastics Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Reinforced Plastics Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Reinforced Plastics Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Reinforced Plastics Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Reinforced Plastics Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Reinforced Plastics Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Reinforced Plastics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Reinforced Plastics Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Reinforced Plastics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Reinforced Plastics Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Reinforced Plastics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Reinforced Plastics Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Reinforced Plastics Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Reinforced Plastics Market Structure
Key Questions Answered in the Report
In 2023, the global reinforced plastics market attained a value of more than USD 242.49 billion.
The market is projected to grow at a CAGR of 4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach over USD 345.16 billion by 2032.
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 242.49 billion in 2023, 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 2024-2032, growing at a CAGR of 4%. The market is projected to reach over USD 345.16 billion by 2032.
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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