Global Reinforced Plastics Strategic Business Report 2023: Growing Interest in Fuel Efficient Vehicles Augments Demand

Dublin, April 03, 2023 (GLOBE NEWSWIRE) -- The "Reinforced Plastics - Global Strategic Business Report" report has been added to's offering.

The global market for Reinforced Plastics estimated at US$240.1 Billion in the year 2022, is projected to reach a revised size of US$314.5 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2022-2030.

Carbon Fiber, one of the segments analyzed in the report, is projected to record a 4.1% CAGR and reach US$75.5 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Glass Fiber segment is readjusted to a revised 3.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $70.2 Billion, While China is Forecast to Grow at 3.3% CAGR

The Reinforced Plastics market in the U.S. is estimated at US$70.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$56 Billion by the year 2030 trailing a CAGR of 3.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 2.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Select Competitors (Total 89 Featured) -

  • 3B Fiberglass Company
  • A. Schulman Inc.
  • China Jushi Co. Ltd.
  • Chongqing Polycomp International Corporation (CPIC)
  • Continental Structural Plastics Inc.
  • Core Molding Technologies Inc.
  • Dow Inc.
  • DowAksa Advanced Composites Holdings BV
  • Fiber Reinforced Plastics (NZ) Ltd.
  • Fiberset Inc.
  • Hanwha Advanced Materials Corporation
  • Haysite Reinforced Plastics
  • Hexcel Corporation
  • Kuraray Co. Ltd.
  • McClarin Plastics LLC
  • Mitsubishi Chemical Corporation
  • Owens Corning Inc.
  • PolyOne Corporation
  • PPG Industries Inc.
  • SGL Group - The Carbon Company
  • Solvay S.A.
  • Taishan Fiberglass Inc.
  • Teijin Ltd.
  • Toho Tenax Co. Ltd.
  • Toray Industries Inc.
  • Washington Penn Plastic Co. Inc.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages217
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$240.1 Billion
Forecasted Market Value (USD) by 2030$314.5 Billion
Compound Annual Growth Rate3.4%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Reinforced Plastics: An Introductory Prelude
  • Recent Market Activity
  • Growing Use Case Across Core Sectors: Cornerstone for Present and Future Growth
  • Thrust towards Lightweight Materials Creates Fertile Environment for Market Expansion
  • Key Benefits Offered Augment Market Prospects
  • Low Weight
  • High Strength, Stiffness & Resiliency
  • Low Thermal Expansion & Thermal Insulation
  • Resistance to Corrosive Elements
  • Resistance to Magnetic & Electric Forces
  • Chemical Inertness
  • Design, Fabrication & Installation Flexibilities
  • Life Time Cost Savings
  • Future Prospects Remain Optimistic
  • Asia-Pacific Evolves into Most Important Regional Market
  • China Plays Pivotal Role in Asia-Pacific's Predominance
  • Revenue Contribution of Developed Regions Remains Robust
  • Impact of Recent Economic Upheavals on Reinforced Plastics Market
  • Stable Economic Scenario to Extend Growth Opportunities
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Reinforced Plastics - Global Key Competitors Percentage Market Share in 2022 (E)



  • Sustained Demand for Glass Fiber Reinforced Plastics Drives Market Growth
  • Select Applications of GFRP by End-Use Sector: A Snapshot
  • Technological Advancements Enhance Appeal & Image
  • Bright Outlook for Carbon Fiber Reinforced Plastics Market
  • Factors Driving Consumption Growth of CFRP
  • Thermoplastic CFRP to Make Robust Gains
  • PAN Remains the Key Raw Material
  • Research on High-Strength CFRPs to Reduce Waste
  • Cost of Carbon Fiber - A Major Limiting Factor
  • Long Fiber Reinforced Thermoplastic Composites Gain Share in Demanding Applications
  • Long Glass Fiber Reinforced Polypropylene - A Cut Above the Rest
  • Glass-Carbon Fiber Hybrid Composites Gain Prominence
  • Transportation/Automotive: The Most Important End-Use Sector
  • End-Use Sector
  • Reinforced Plastics to Emerge as Mainstream Materials for Automakers
  • Development of Innovative Technologies for Carbon Fiber Usage in Mass Production
  • Sustained Thrust on CO2 Reductions Fuels Uptake of Reinforced Plastics
  • Growing Interest in Fuel Efficient Vehicles Augments Demand
  • Reinforced Thermoplastics - The Ultimate Choice of Car Makers
  • Growing Importance of Versatile Composites in Modern Construction Projects Favors Market Prospects
  • Key Drivers of Reinforced Plastics in Building & Construction Sector in a Nutshell
  • GFRP Set to Emerge as Mainstream Construction Material
  • CFRP Finds Increased Usage in Construction Projects
  • Uptrend in the Construction Sector Bodes Well for Market Growth
  • Reinforced Plastics to Make Inroads into Electrical & Electronic Industry
  • Consumer Products: A Niche Market for Reinforced Plastics
  • CFRP Evolves into Core Material in High-End Consumer Products
  • Reinforced Plastics Suffice Lightweighting Needs of Aerospace & Defense Manufacturers
  • Reinforced Plastics Find Favor in Aircraft Interiors
  • Reinforced Plastics Gain Impetus in Marine Applications
  • Corrosion Resistant Equipment: An Established End-Use Vertical
  • Reinforced Plastics Assume Critical Importance in Wind Energy Domain
  • Trend towards Longer Blades Bodes Well for Carbon Fiber Composites Market
  • A Comparative Analysis for Carbon Fiber & Glass Fibers in Wind Energy Applications
  • Reinforced Plastics Go Natural
  • Biodegradable Composites: Truly Natural




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Global Market for Reinforced Plastics

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