Reinforced Plastics Market

Reinforced plastics are composite materials made by reinforcing plastics with different types of fibres. Fibers used for reinforcing plastics include glass, carbon, or aramid, metals and other non metallic fibres such as paper, wood or asbestos.  The emergence of new technologies has also contributed positively to the growth of reinforced plastics market.

Popular choice of polymer in reinforced plastics includes an epoxy, vinylester or polyester thermosetting plastic and phenol formaldehyde resins. However, other specialty polymers and engineering plastics are also being reinforced with fibers.  Reinforced plastics play an important role in the aerospace, automotive, engineering, marine, and construction industries. Reinforced plastics are lightweight, strong, cost effective and robust materials hence they now play a significant role in design and development of light weight and fuel efficient automobiles. They are increasingly replacing metals in automobile and aerospace applications.

The reinforced plastics market report segments the market on the basis of product i.e type of plastic and type of fiber reinforcement. It also segments the market on the basis of major applications. The geographic segments include Asia-Pacific, Middle East & Africa, Europe, North America, and South America. The market is derived by studying plastic consumption trends, its use for manufacturing various products. The price trends of these chemicals have been analyzed from annual reports of major players, primary interviews and chemical databases. The report also profiles major players in reinforced plastics industry.