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The Global Market for Composites: Resins, Fillers, Reinforcements, Natural Fibers & Nanocomposites

The Global Market for Composites: Resins, Fillers, Reinforcements, Natural Fibers & Nanocomposites

  • February 2016
  • 281 pages
  • ID: 2009163
  • Format: PDF
  • By BCC Research


Table of Contents

Use this report to:
- Analyze market sizes and forecasts of reinforced plastic composites.
- Receive information about fibrous reinforcements including all glass fiber variants, carbon, boron, ceramic, aramid and stainless steel fibers.
- Analyze environmental benefits of reinforced plastic composites and special concerns related to recycling.
- Analyze recent developments and potential problems with fuselage components.

- The global reinforced plastic composite market will grow from 14.8 billion pounds in 2015 to roughly 17.6 billion pounds by 2020, a compound annual growth rate (CAGR) of 3.5% for the period of 2015-2020.
- Construction is the largest segment of the overall global market and should reach approximately 3.5 billion pounds in 2015 and nearly 4.2 billion pounds by 2020, a CAGR of 3.5%.
- Automotive is expected to increase from nearly 3.2 billion pounds in 2015 to nearly 3.9 billion pounds in 2020, with a CAGR of 3.6%.

Introduction & Scope


The emergence of new technologies and markets warrants a reappraisal of the reinforced plastics market, often called “composites.” Nanocomposites and long fiber–reinforced thermoplastics are commercially important examples that have begun to impact this market. Expanding the use of carbon fiber–reinforced resins has become very important in the automotive industry, replacing many heavier metallic components.
In addition, a review of reinforced plastics is needed with a view toward appropriately segmenting the major components of this market into its resin, technology and application components. Reinforcements need to be carefully defined when it comes to their principal functions and effects on properties of substrate resins since quite a few terms and market estimates used within this industry are not clear cut.

The objective in updating a study on reinforced plastic composites is to provide readers with a current view of this market in terms of resin usage and specific applications for each of the key resins in a quantitative manner. In addition, it explains why key resins are being used in specific applications along with an outlook of this scenario in five years with reasons for using different types of reinforcements. Lastly the report
assesses the recent movement toward using higher performance reinforcements such as carbon fibers in various industries such as the huge automotive market.

This report covers both thermosets and thermoplastics that use reinforcements to increase their respective property profiles for 2014, 2015 and 2020. These fibrous reinforcements include all glass fiber variants, carbon, boron, ceramic, aramid and stainless steel fibers, and so forth. There is some confusion as to the overlapping of the terms “reinforced plastics” and “composites.” According to several standard plastic dictionaries, these two terms are considered synonymous. However, one distinction between these two terms, cited by some within the industry, is that composites refer to those reinforced resins that can
“support a load” or are “structurally reinforced.” This definition is also somewhat arbitrary since it is not clear what constitutes “supporting a load” or “structurally reinforced." Therefore, in this report, to simplify matters, the term “reinforced plastic composites” will be used to depict market sizes and forecasts. Since reinforcements are almost always based on fibers, the term “fiber-reinforced” is somewhat redundant and will not used unless it is a significant issue.

Within the text of the report, the terms “reinforced plastics” and/or “composites” will be used depending on the sources of information and BCC Research’s perception and analysis of these specific instances.
Readers should be aware that, in many instances, upgraded resins have been called both “reinforced” and/or “composites.” In addition, most resins being reinforced with what are called “advanced” reinforcements such as carbon fibers and aramid are most often termed “composites” especially in the construction, aerospace, auto and several other industries such as wind energy and anti-corrosion, among others.

Current and forecasted quantitative market estimates will be provided for all appropriate thermoset and thermoplastic reinforced composites by application, along with detailed descriptions of the major types of reinforcements. Furthermore, the volumes of products shown in the tables refer only to the estimated weight of the resins and exclude weights of reinforcements. The quantitative information contained
in all data tables refers to the global market. Applications in this report include automotive; construction/infrastructure, including other construction products, panels and bathroom products; anti-corrosion products;
marine markets; aerospace (mostly aircraft); electronic parts/components; appliances; and consumer products such as medical devices, sport and leisure, and lawn/garden products as well as a miscellaneous market, which covers the power market and other transportation areas such as rail, wind energy products and others.

Those in the plastic reinforcement/composite market will be most interested in new developments in this field, along with plastic producers and many in the major end-use industries such the auto, construction, aviation, anti-corrosion and marine markets. Resin producers will find valuable information in terms of expected increases or declines in specific plastic usage in these markets. It also seems probable that those
companies involved in acquisitions/divestiture activities may be interested in examining this field for potential new clients.

Both primary and secondary research methodologies were used in preparing this study. A comprehensive review and analysis was undertaken of literature related to this industry, which is known by several names (e.g., reinforced plastics, composites, etc.). This analysis included resin usage, applications, markets, technology, producers and suppliers, trade-named products, new developments, environmental issues and so
forth. Follow-up calls were made to clarify and/or expand on key issues pertinent to the reinforced plastics/composites industry.

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