Global Reinforced Plastics Market Overview:
Reinforced plastics ate of two types one is short fibers/discontinuous fibers and the other is long fibers/continuous fibers, further categorized into the carbon fiber, glass fiber, aramid fiber, etc. These types of plastics fibers are used in various industries includes, including construction & building, aviation, electrical, automotive, and many others. With the growing government spending on infrastructure development, the demand for the reinforced plastics market is expected to rise during the forecasted period.
- Growing Building and Construction Industry
- Demand for the Reinforced Plastic Material for Various Industrial Application
- Increasing Consumption of Carbon Fiber Reinforced Plastics in Application like Storage Tanks, Piping, etc
- Adverse Impact of Reinforced Plastics on the Environment
- Growing Governments Spendings on the Infrastructure Development
- Technological Advancement in the Reinforced Plastic Production
- Stringent Regulatory Standards and Guidelines on the Usage of Reinforced Plastic
Some of the key players profiled in the report are BASF SE (Germany), Tata Group (India), Dow Inc. (United States), DuPont de Nemours, Inc. (United States), Solvay SA (Belgium), Ahlstrom-Munksjö Oyj (Finland), IMCD Group B.V. (Netherlands), PPG Industries, Inc. (United States), Prolong Composites (India), Reinforced Plastic Industries (India), Huntsman Corporation (United States), JR Fibreglass Industries Pvt. Ltd. (India) and Celanese Corporation (United States). Considering Market by Industry Verticals, the sub-segment i.e. Building & Construction will boost the Reinforced Plastics market. Considering Market by Product, the sub-segment i.e. Carbon Fiber Reinforced Plastics will boost the Reinforced Plastics market.
Latest Market Insights:
On 18th September 2020, MCD N.V., a leading distributor of specialty chemicals and ingredients, announced that it has acquired 100% of the share capital of Oy Kokko-Fiber Ab, a leading supplier of fiber-reinforced plastic composite materials in Finland.
On 24th June 2020, Tata Steel introduces the first-ever Fibre Reinforced Polymer Quarantine Units in India. These pre-fabricated units are being produced by Tata Steel’s brand Nest-In, its Tubes Division and its New Materials Business in collaboration with eight manufacturing partners across the country. Besides steel, Tata Steel is using Fibre Reinforced Polymer (FRP) to manufacture quarantine units for the first time in India. FRP is positioned as a new-age alternative building material that has compelling pros that makes it a viable mass-production solution for the future.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Reinforced Plastics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Reinforced Plastics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Reinforced Plastics Manufacturers, Reinforced Plastics International Traders, Reinforced Plastics Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.