Reinforcement Materials Market to 2027 - Leading Players BASF SE, DuPont, Honeywell International, JEC Group, NJR Steel, Owens Corning, Solvay, TEIJIN LIMITED

Reinforcement materials in composites strengthen the resin system by improving its mechanical properties manifolds. Fiber Reinforced Polymer (FRP) composites possess high strength, low density, and are easy to process. FRP composites find wide applications in construction, automotive and aerospace. The most common fiber form used as reinforcement in composite laminates is glass fibers. Other prevalent forms of reinforcement materials include carbon fibers and aramid fibers. Reinforcement materials can uniquely be designed depending upon the requirements and manufacturing processes for optimized performance and cost savings.

The reinforcement materials market is anticipated to grow in the forecast period on account of the growing construction industry globally. Low investment costs of glass fibers and related composites coupled with emerging end-use applications of fiber composites is likely to stimulate the reinforcement materials market. The growing consumption of carbon fiber in aircraft manufacturing and rising demands of lightweight materials in the automotive industry propels the growth of this market. However, the expensive and complex process of carbon fiber manufacturing, issues related to recycling and disposal of glass fibers, and heavy weight of particle reinforced composites hamper the growth of the reinforcement materials market. On the other hand, new developments in carbon/glass hybrid structures and growing adoption of carbon fiber reinforced polymers in the medical industry is likely to showcase significant opportunities for market players during the forecast period.

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In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

3B - the fiberglass company
BASF SE
DuPont
Honeywell International Inc.
JEC Group
NJR Steel
Owens Corning
Solvay
TEIJIN LIMITED
TORAY INDUSTRIES

The global reinforcement materials market is segmented on the basis of material type and end user. Based on material type, the market is segmented as glass fiber, carbon fiber, aramid fiber, natural fiber, and steel rebar. On the basis of end-user, the market is segmented as construction, aerospace and defense, transportation, wind energy, consumer goods, industrial, marine, sporting goods, and others.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global reinforcement materials market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The reinforcement materials market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting reinforcement materials market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the reinforcement materials market in these regions.

The reports cover key developments in the reinforcement materials market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from reinforcement materials market are anticipated to lucrative growth opportunities in the future with the rising demand for reinforcement materials in the global market. Below mentioned is the list of few companies engaged in the reinforcement materials market.

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