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The most common polymers used as the matrix for these fillers are epoxy resin, vinyl compounds, formaldehyde resins, and many others. With today’s technology, various specialty and functional polymers are also being combined with fillers to produce a wider range of reinforced plastics.
Some of the major types of reinforced plastics are carbon fiber reinforced plastics (CFRP), glass/glass fiber reinforced plastics (GRP/GFRP), wood or cellulosic plastic composites (WPC) and others. By application, the end use industries can be classified into building and construction, energy, transportation, aviation and aerospace, electronics and electrical, marine, and consumer products.
Some of the drivers in the reinforced plastics market are the increasing demand in the automotive and transportation industries for replacement of metal parts, growing applications in aviation and aerospace industries as structural necessities, and a renewed interest in the generation of energy from renewable resources. Moreover, the low cost of production, the lightweight characteristics, combined with better physical properties compared to metals, and the ever-rising demand in the developing economies of Asia-Pacific and Eastern Europe are the major factors resulting in growing sales and revenues in the reinforced plastics market.
Some of the factors holding back this market are volatility in prices of raw materials, time-consuming manufacturing processes that are still prevalent, regulations governing the handling and transport of raw materials, most of which are classified as health and environment hazards, and other such reasons.
Some of the major players in the reinforced plastics manufacturing market are Dow Corning Corporation, Fiber Concepts Inc., CTL Aerospace Inc., Continental Structural Plastics, OCV Reinforcements, Hexcel Corporation, Washington Penn Plastic Co., Inc., and the Suzlon Group.
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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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