1. Market Research
  2. > Materials
  3. > Plastic Market Trends
  4. > US Fiber-Reinforced Plastic Composites Market

US Fiber-Reinforced Plastic Composites Market

  • October 2013
  • -
  • Freedonia
  • -
  • 317 pages

Summary

Table of Contents

US demand to reach 4.3 billion pounds in 2017

US demand for fiber-reinforced plastic (FRP) composites is forecast to reach 4.3 billion pounds in 2017. Advances will rebound from the moderate declines experienced during the course of the recession-impacted 2007-2012 period, when opportunities were restricted by a steep drop in construction activity, reduced motor vehicle output, and the collapse of the recreational boating market. These markets are anticipated to register renewed growth as economic conditions improve. In addition, FRP composites will continue to supplant conventional materials such as aluminum and steel due to a number of performance advantages, including stiffness, light weight, and corrosion resistance, as well as greater design flexibility and improved part consolidation capabilities.

Glass fiber to remain dominant reinforcement material

Glass fiber is by far the leading reinforcement material used in the composites industry, benefiting from its low cost, high strength-to-weight ratio, good processability, and chemical resistance. However, much smaller volume types such as carbon and aramid fibers are forecast to achieve rapid gains based on rising requirements for higher performing materials, particularly in motor vehicle, aerospace, military, and industrial sectors.

Best growth prospects to be seen in motor vehicle & construction markets

Motor vehicles and construction represent the major outlets for FRP composites and will provide the best opportunities for growth through 2017, spurred by an improving outlook for vehicle output and a strong rebound in building construction activity. Together, these two markets will account for more than three-quarters of new demand for FRP composites through 2017. Ongoing efforts by automakers to enhance fuel efficiency will continue to drive composites demand, as vehicle weight reduction -- which represents a key strategy utilized by OEMs to boost fuel economy -- is often accomplished through the use of lightweight composite materials. Advances in the construction sector will be propelled by rapid spending gains in the residential sector, which will generate demand for a variety of products, including fiberglass bathroom components and entry doors.

Prospects will also be bright in the small aircraft and aerospace sector, driven by the expanding utilization of carbon fiber composites in the production of commercial airliners such as Boeing’s 787 DREAMLINER, which has more than 50 percent composite content. Rising consumer spending levels will bode well for composites used in the production of marine and consumer durable products.

Thermoset polyester, epoxy to lead market advances

Thermoset polyester is by far the leading resin in the FRP composites market, with demand stemming largely from its widespread use in construction applications, where it is favored for its low cost, durability, and corrosion resistance.

Although it remains a relatively small segment of the market for the foreseeable future, epoxy is forecast to see much faster growth, fueled by the rising use of carbon-epoxy composites, particularly in aerospace applications. Demand for thermoplastics such as nylon, thermoplastic polyester, and polypropylene will be fueled by these materials’ fast processability, cost competitiveness, and design flexibility. However, overall advances will be restrained by a lack of familiarity with thermoplastics among many composites producers and the need for alternative processing techniques.

Study coverage

This upcoming Freedonia industry study, Fiber-Reinforced Plastic Composites, is available for $5100. It presents historical demand data for 2002, 2007 and 2012, as well as forecasts for 2017 and 2022 by fiber, product and market. The study also assesses key market environment factors, details company market share and profiles 38 industry players.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Global Carbon Fiber Reinforced Plastics Market - Segmented By Raw Material, Resin, End-User Industry, and Geography - Trends and Forecasts (2017 - 2022)

Global Carbon Fiber Reinforced Plastics Market - Segmented By Raw Material, Resin, End-User Industry, and Geography - Trends and Forecasts (2017 - 2022)

  • $ 4250
  • Industry report
  • February 2017
  • by Mordor Intelligence LLP

The global carbon fiber reinforced plastic (CFRP) market has been estimated at USD XX billion in 2015  and is projected to reach USD XX billion by 2020, at a CAGR of XX% during the forecast period from ...

Reinforced Plastics Markets in China

Reinforced Plastics Markets in China

  • $ 4000
  • Industry report
  • February 2017
  • by Asia Market Information & Development Company

China’s demand for Reinforced Plastics has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth ...

Global Glass Fiber Reinforced Plastic (GFRP) Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 -2023

Global Glass Fiber Reinforced Plastic (GFRP) Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 -2023

  • $ 3900
  • Industry report
  • April 2017
  • by Occams

The demand of global glass fiber is increased due to increasing in development of industries such as automotive, construction marine, and defense. Growing industry of automotive in India is the opportunity ...


Download Unlimited Documents from Trusted Public Sources

Global Plastic Industry

  • March 2017
    76 pages
  • Plastic  

  • United States  

    World  

View report >

Global Heating Equipment Supply

  • February 2017
    3 pages
  • Plastic  

    Heating Equipme...  

  • World  

View report >

Polyamide Industry - Forecast

  • February 2017
    2 pages
  • Polyamide  

View report >

Related Market Segments :

Reinforced Plastic
Fiber

ref:plp2013

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.