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Reinforced Plastics Market Size, Share & Trends Analysis Report By Type (Carbon Fiber, Glass Fiber, Aramid Fiber), By Application (Automotive, Building & Construction, Aerospace & Aviation, Wind Energy), By Region, And Segment Forecasts, 2024 - 2030

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      • TORAY INDUSTRIES INC
      • BASF
      • Rezplast Manufacturing Ltd
      • BINANI INDUSTRIES
      • Taishan Fiberglass Inc.
      • Haysite Reinforced Plastics(Constantia Industries AG)
      • REINFORCED PLASTIC INDUSTRIES
      • SGL Carbon SE
      • TEIJIN LIMITED
      • Cytec Solvay Group
KSA 24.11.01

Reinforced Plastics Market Growth & Trends:

The global reinforced plastics market size is expected to reach USD 314.95 billion by 2030, registering a CAGR of 2.8% during the forecast period, according to a new report by Grand View Research, Inc. The demand forecast for carbon fiber is expected to dominate the fiber and composites market in automobile industry. Carbon fibers have been further categorized into thermosetting and thermoplastic CFRP. Aerospace & military was the major application segment of CFRP and is expected to witness a significant growth in the forecast period owing to light weight, high durability and improved resistance to temperature & chemicals. The product also finds application in sports & leisure wind turbine, and automotive. Surging automobiles demand and increasing disposable income is expected to drive reinforced plastics market growth over the forecast period. Rapid urbanization and improving infrastructure in emerging nations including India, Vietnam, Indonesia and Brazil are also expected to steer expansion of global production capacities. Reinforced plastics production has witnessed a significant growth in U.S. and Japan owing to the availability of superior technology and abundant availability of resources.

Carbon composites as well as carbon fibers have witnessed a similar market growth in aerospace & defense and wind turbine segments owing to their versatility and high durability. Aerospace & military sectors involve high costs in manufacturing versatile range of products owing to the stringent material inspection and quality standards. Increasing global plastics demand is expected to outmatch the production capacities throughput currently. This provides an opportunity for R&D initiatives to develop cost effective technologies for the production of high performance polymers. Europe reinforced plastics market have witnessed an increased consumption in the automotive, aerospace and wind turbine segment owing to high durability and superior performance of finished products. North America is relatively mature market and is estimated to project significant growth over the forecast period owing to stringent regulatory scenario regarding plastics use and disposal. Increasing population and significant support from regional governments particularly in India, China, Thailand and Malaysia is anticipated to bolster industry expansion in Asia Pacific. Rapid expansion in automotive and construction sectors in Asia Pacific is expected to foster the reinforced plastics demand in the region.

Reinforced Plastics Market Report Highlights:

  • In 2023, the carbon fiber segment led the market with the largest revenue share of 34.9%, attributed to the increasing demand for high-performance, lightweight materials in the aerospace and defense sectors.
  • Based on type, the glass fiber segment is expected to grow at a significant CAGR over the forecast period. Driven by the increasing use of durable, corrosion-resistant materials in the construction and infrastructure sectors.
  • The building & construction segment is poised to grow at the fastest CAGR during the forecast period, attributed to the increasing demand for durable, lightweight, and corrosion-resistant materials in modern infrastructure projects.

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Sources & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Insights
  • 2.2. Segmental Outlook
  • 2.3. Competitive Outlook

Chapter 3. Reinforced Plastics Market Variables, Trends & Scope

  • 3.1. Global Reinforced Plastics Market Outlook
  • 3.2. Industry Value Chain Analysis
    • 3.2.1. Profit Margin Analysis of Key value chain participants
    • 3.2.2. Raw Voltage Trends
    • 3.2.3. Raw Voltage Price Analysis
  • 3.3. Technology Overview
  • 3.4. Analysis of Potential Sustainable Substitute Voltage
  • 3.5. Impact of Circular Economy
  • 3.6. Average Price Trend Analysis, 2018 to 2030 (USD/kg)
    • 3.6.1. Key Factors Influencing Pricing
  • 3.7. Supply-Demand GAP Analysis, 2023
  • 3.8. Regulatory Framework
    • 3.8.1. Policies and Incentive Plans
    • 3.8.2. Standards and Compliances
    • 3.8.3. Regulatory Impact Analysis
  • 3.9. Market Dynamics
    • 3.9.1. Market Driver Analysis
    • 3.9.2. Market Restraint Analysis
    • 3.9.3. Industry Challenges
  • 3.10. Porter's Five Forces Analysis
    • 3.10.1. Supplier Power
    • 3.10.2. Buyer Power
    • 3.10.3. Substitution Threat
    • 3.10.4. Threat from New Entrant
    • 3.10.5. Competitive Rivalry
  • 3.11. PESTEL Analysis
    • 3.11.1. Political Landscape
    • 3.11.2. Economic Landscape
    • 3.11.3. Social Landscape
    • 3.11.4. Technological Landscape
    • 3.11.5. Environmental Landscape
    • 3.11.6. Legal Landscape

Chapter 4. Reinforced Plastics Market: Type Outlook Estimates & Forecasts

  • 4.1. Reinforced Plastics Market: Type Analysis, 2023 & 2030
    • 4.1.1. Carbon Fiber
      • 4.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 4.1.2. Glass Fiber
      • 4.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 4.1.3. Aramid Fiber
      • 4.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 4.1.4. Others
      • 4.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)

Chapter 5. Reinforced Plastics Market: Application Outlook Estimates & Forecasts

  • 5.1. Reinforced Plastics Market: Application Movement Analysis, 2023 & 2030
    • 5.1.1. Automotive
    • 5.1.2. Building & Construction
      • 5.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.1.3. Aerospace & Aviation
      • 5.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.1.4. Wind Energy
      • 5.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.1.5. Marine
      • 5.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.1.6. Electrical & Electronics
      • 5.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.1.7. Others
      • 5.1.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)

Chapter 6. Reinforced Plastics Market Regional Outlook Estimates & Forecasts

  • 6.1. Regional Snapshot
  • 6.2. Reinforced Plastics Market: Regional Movement Analysis, 2023 & 2030
  • 6.3. North America
    • 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.4. U.S.
      • 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.3.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.3.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.5. Canada
      • 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.3.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.3.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.6. Mexico
      • 6.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.3.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.3.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  • 6.4. Europe
    • 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.4. UK
      • 6.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.5. Germany
      • 6.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.6. France
      • 6.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.7. Italy
      • 6.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.7.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.7.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.8. Spain
      • 6.4.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.8.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.8.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.9. Denmark
      • 6.4.9.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.9.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.9.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  • 6.5. Asia Pacific
    • 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
    • 6.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.5.4. China
      • 6.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.5.5. India
      • 6.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.5.6. Japan
      • 6.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.5.7. South Korea
      • 6.5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.7.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.7.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.5.8. Thailand
      • 6.5.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.8.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.8.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  • 6.6. Central & South America
    • 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
    • 6.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.6.4. Brazil
      • 6.6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.6.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.6.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.6.5. Argentina
      • 6.6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.6.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.6.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  • 6.7. Middle East & Africa
    • 6.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.7.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
    • 6.7.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.7.4. UAE
      • 6.7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.7.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.7.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.7.5. Saudi Arabia
      • 6.7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.7.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.7.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.7.6. South Africa
      • 6.7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.7.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
      • 6.7.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)

Chapter 7. Competitive Landscape

  • 7.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 7.2. Vendor Landscape
    • 7.2.1. Company categorization
    • 7.2.2. List of Key Distributors and channel Partners
    • 7.2.3. List of Potential Customers/End-users
  • 7.3. Competitive Dynamics
    • 7.3.1. Company Market Share Analysis & Market Positioning
    • 7.3.2. Competitive Benchmarking
    • 7.3.3. Strategy Mapping
    • 7.3.4. Heat Map Analysis
  • 7.4. Company Profiles/Listing
    • 7.4.1. Participant's overview
    • 7.4.2. Financial performance
    • 7.4.3. Product benchmarking
      • 7.4.3.1. TORAY INDUSTRIES INC
      • 7.4.3.2. BASF
      • 7.4.3.3. Rezplast Manufacturing Ltd
      • 7.4.3.4. BINANI INDUSTRIES
      • 7.4.3.5. Taishan Fiberglass Inc.
      • 7.4.3.6. Haysite Reinforced Plastics (Constantia Industries AG)
      • 7.4.3.7. REINFORCED PLASTIC INDUSTRIES
      • 7.4.3.8. SGL Carbon SE
      • 7.4.3.9. TEIJIN LIMITED
      • 7.4.3.10. Cytec Solvay Group
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