ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET 2021-2028

Chemicals & Materials | Specialty Chemicals

ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET 2021-2028

Market by Application, Fiber Type, and Country | Forecast 2021-2028

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The Asia-Pacific reinforcement materials market is assessed to display growth at 6.33% of CAGR in terms of revenue during the considered years 2021-2028. It is further likely to exhibit growth in volume at 5.57% of CAGR in the same period. 


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The countries evaluated in this market include:

•        India

•        China

•        Japan

•        Australia & New Zealand

•        South Korea

•        ASEAN countries

•        Rest of APAC

In Asia-Pacific, the market for reinforcement materials is proliferating, owing to the rapid industrialization in developing nations, such as India and China. Moreover, the region is one of the significant contributors that is meeting the demand for reinforcement materials globally. This rise in industrialization and urbanization is enormously motivating the growth of the reinforcement materials market in the APAC region.

In China, the rising demand from military and industrial sectors to enhance personnel security is augmenting the reinforcement materials market’s progress during the considered years. Additionally, the increasing R&D activities by prominent companies are likely to influence the demand for reinforcement materials. Above all, China is anticipated to observe robust growth in its construction sector, owing to various technological advancements. This growth will further enhance the demand for materials used for reinforcement, thereby positively impacting the reinforcement materials market across China.

In Japan, however, renowned automotive companies are majorly boosting the demand for reinforcement materials. For instance, reinforcement materials are used to manufacture multiple automotive components, which significantly impacts the studied market’s development. Further, the government is putting efforts to revitalize the economy by concentrating on infrastructure development, which will develop the construction industry. This growth in the construction sector will directly enhance the demand for reinforcement materials for several applications. Hence, the above-stated factors are expected to propel the Japanese reinforcement materials market on a growth path.

Teijin Ltd is involved in developing advanced solutions in the areas of safety, security, and health consciousness, among others. Its operations are through two segments, namely, materials and healthcare. The company provides reinforcements materials through its materials segment for application in multiple industries, including electronics, construction, automobiles, railways, textile, etc. The company has its operations across 20 countries, with its headquarter located in Japan. 

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Table of Content

1.    ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1. CONSTRUCTION IS LARGEST APPLICATION IN MARKET

2.2.2. CARBON FIBER IS FASTEST-GROWING FIBER TYPE IN MARKET

2.2.3. RAPID ADOPTION OF REINFORCEMENT MATERIALS IN INDUSTRIAL APPLICATION

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. INTENSITY OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. MARKET DRIVERS

2.6.1. HIGH DEMAND FOR LIGHTWEIGHT MATERIALS

2.6.2. IMPROVED PRODUCT QUALITY DUE TO REINFORCEMENT

2.7. MARKET RESTRAINTS

2.7.1.   EXPENSIVE PROCESS

2.7.2.   REPAIR & RECYCLING ISSUES

2.8. MARKET OPPORTUNITIES

2.8.1.   GROWTH IN AEROSPACE & DEFENSE SECTOR

2.8.2.   RISE OF APPLICATION OF REINFORCEMENT MATERIALS IN MULTIPLE SECTORS

2.9. MARKET CHALLENGES

2.9.1.   ENVIRONMENTAL ISSUES

2.10. IMPACT OF CORONAVIRUS ON REINFORCEMENT MATERIALS MARKET

3.    ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET OUTLOOK - BY APPLICATION

3.1. CONSTRUCTION

3.2. TRANSPORTATION

3.3. CONSUMER GOODS

3.4. INDUSTRIAL APPLICATION

3.5. WIND ENERGY

3.6. AEROSPACE & DEFENSE

3.7. OTHER APPLICATIONS

4.    ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET OUTLOOK - BY FIBER TYPE

4.1. GLASS FIBER

4.1.1. ROVINGS

4.1.2. CHOPPED STRAND

4.1.3. FABRICS

4.1.4. WOVEN ROVING

4.1.5. CSM/CFM

4.1.6. OTHER GLASS FIBER TYPE

4.2. ARAMID FIBER

4.2.1. PARA-ARAMID FIBER

4.2.2. META-ARAMID FIBER & OTHERS

4.3. CARBON FIBER

4.3.1. PAN

4.3.2. PITCH, RAYON, & OTHERS (LIGNIN)

4.4. NATURAL FIBER

4.4.1. FLAX

4.4.2. KENAF

4.4.3. HEMP

4.4.4. JUTE

4.4.5. OTHERS

4.5. STEEL REBAR

5.    REINFORCEMENT MATERIALS MARKET - ASIA-PACIFIC

5.1. CHINA

5.2. JAPAN

5.3. INDIA

5.4. SOUTH KOREA

5.5. ASEAN COUNTRIES

5.6. AUSTRALIA & NEW ZEALAND

5.7. REST OF ASIA-PACIFIC

6.    COMPETITIVE LANDSCAPE

6.1. BASF

6.2. DUPONT

6.3. HONEYWELL INTERNATIONAL INC

6.4. NFC FIBERS GMBH

6.5. TEIJIN LTD

6.6. TORAY INDUSTRIES INC

6.7. OWENS CORNING

6.8. HYOSUNG CORPORATION

6.9. BINANI INDUSTRIES

6.10. BAST FIBERS LLC

7.    RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.1.1. OBJECTIVES OF STUDY

7.1.2. SCOPE OF STUDY

7.2. SOURCES OF DATA

7.2.1. PRIMARY DATA SOURCES

7.2.2. SECONDARY DATA SOURCES

7.3. RESEARCH METHODOLOGY

7.3.1. EVALUATION OF PROPOSED MARKET

7.3.2. IDENTIFICATION OF DATA SOURCES

7.3.3. ASSESSMENT OF MARKET DETERMINANTS

7.3.4. DATA COLLECTION

7.3.5. DATA VALIDATION & ANALYSIS

List of table

TABLE 1: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)        

TABLE 2: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)          

TABLE 3: VENDOR SCORECARD        

TABLE 4: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)          

TABLE 5: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)

TABLE 6: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN $ MILLION)        

TABLE 7: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN KILOTON)          

TABLE 8: ASIA-PACIFIC GLASS FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)         

TABLE 9: ASIA-PACIFIC GLASS FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)           

TABLE 10: ASIA-PACIFIC ARAMID FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)     

TABLE 11: ASIA-PACIFIC ARAMID FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)      

TABLE 12: ASIA-PACIFIC CARBON FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)   

TABLE 13: ASIA-PACIFIC CARBON FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)     

TABLE 14: ASIA-PACIFIC NATURAL FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION) 

TABLE 15: ASIA-PACIFIC NATURAL FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)                

List of Figures

FIGURE 1: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2020 AND 2028 (IN %)    

FIGURE 2: ASIA-PACIFIC CONSTRUCTION MARKET 2021-2028 (IN $ MILLION)

FIGURE 3: ASIA-PACIFIC CARBON FIBER MARKET 2021-2028 (IN $ MILLION)

FIGURE 4: ASIA-PACIFIC INDUSTRIAL APPLICATION MARKET 2021-2028 (IN $ MILLION)  

FIGURE 5: PORTER’S FIVE FORCES ANALYSIS     

FIGURE 6: MARKET ATTRACTIVENESS INDEX       

FIGURE 7: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY CONSTRUCTION, 2021-2028 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY TRANSPORTATION, 2021-2028 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY CONSUMER GOODS, 2021-2028 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY INDUSTRIAL APPLICATION, 2021-2028 (IN $ MILLION)       

FIGURE 11: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY WIND ENERGY, 2021-2028 (IN $ MILLION)          

FIGURE 12: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY AEROSPACE & DEFENSE, 2021-2028 (IN $ MILLION)   

FIGURE 13: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)     

FIGURE 14: ASIA-PACIFIC GLASS FIBER MARKET, BY GLASS FIBER, 2021-2028 (IN $ MILLION)      

FIGURE 15: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY ARAMID FIBER, 2021-2028 (IN $ MILLION)          

FIGURE 16: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY CARBON FIBER, 2021-2028 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY NATURAL FIBER, 2021-2028 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, BY STEEL REBAR, 2021-2028 (IN $ MILLION)          

FIGURE 19: ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET, REGIONAL OUTLOOK, 2020 AND 2028 (IN %)                  

FIGURE 20: CHINA REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)      

FIGURE 21: JAPAN REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)     

FIGURE 22: INDIA REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)        

FIGURE 23: SOUTH KOREA REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)      

FIGURE 24: ASEAN COUNTRIES REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)

FIGURE 25: AUSTRALIA & NEW ZEALAND REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)        

FIGURE 26: REST OF ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)

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