Fiber Reinforced Composite Market Scope
Fiber-reinforced composites are a composite material made of a polymer matrix. It comprises of dispersed part, interphase region, and matrix. Various factors such as developing economies, growing industrialization, increasing construction activities, and technological innovations in fiber-reinforced composites driving the market demand. Further, growing demand from the developing economies expected to drive the demand for fiber-reinforced composites over the forecasted period.
The market study is being classified by Type (Thermoset (Polyester, Epoxy) and Thermoplastic Composites (Nylon, Thermoplastic Polyester, Polypropylene, Styrene, Polycarbonate)) and major geographies with country level break-up.
The global fiber-reinforced composites market is highly fragmented in nature owing to the presence of a large number of market players across the globe. Various market strategies including partnership, collaborations, expansions and setting up of new facilities are expected to be used by these market players in order to increase their market share and strengthen market position in the global market over the forecast period. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Fiber Reinforced Composite market throughout the predicted period.
Toray Industries Inc. (Japan), Quantum Composites (United States), Hexcel Corporation (United States), AGY Holding Corporation (United States), PPG Industries Incorporated (United States), Citadel Plastics Holdings Incorporated, Ferro Corporation (United States), Solvay S.A. (Belgium) and Hadlock Plastics (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Interplastic Corporation (United States), PolyOne Corporation (United States) and TPI Composites Incorporated (United States).
AdvanceMarketAnalytics has segmented the market of Global Fiber Reinforced Composite market by Type, Application and Region.
On the basis of geography, the market of Fiber Reinforced Composite has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fiber, the sub-segment i.e. Glass Fibers will boost the Fiber Reinforced Composite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Automotive Industry will boost the Fiber Reinforced Composite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
2018, Toray Corporation launched a new manufacturing technology for carbon fiber reinforced plastic (CFRP) to improve both energy efficiency and dimensional accuracy for aerospace applications.
- Advancement in Lightweight Fiber Reinforced Composite
- Increasing Demand for Lightweight and Fuel-Efficient Vehicles
- Rising Demand of High Strength and Lightweight Material in the Aerospace Industry
- Increasing Demand from Construction and Automotive Industry
- Growing Demand from the Developing Economies
- High Cost of Fiber Reinforced Composite
- Lack of Awareness in the Emerging Economies
Key Target AudienceFiber Reinforced Composite Providers, Traders and Distributors, Research and Development Institutes, Potential Investors, Raw Material Suppliers, Nationalized Laboratory and Others
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