Market by Application, Fiber Type, and Geography | Forecast 2021-2028
After a detailed analysis, Triton Market Research’s report has established that the reinforcement materials market is predicted to observe an upward trend, and is estimated to grow at a CAGR of 6.02% in revenue and 5.16% in volume over the forecast period of 2021-2028. In 2020, the market acquired $8227 million, and is likely to garner $12826 million by 2028.
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Reinforcement materials
strengthen the product and improve its overall durability, enhancing its quality and material
properties. Additionally, reinforcement fiber can be formed out of glass,
aramid, carbon, natural fiber, and steel rebar. The growing use of
reinforcement fiber in construction, aerospace, transportation, consumer goods,
and other applications are strengthening their demand in the market.
Within this report from Triton
on the reinforcement materials market, the market definition and key insights
associated with the studied market are discussed. Further, the market
attractiveness matrix, vendor scorecard, impact of coronavirus, and Porter’s
five force analysis, are studied for the reinforcement materials market.
The high demand for
lightweight materials and improvement in product quality due to reinforcement,
are factors that boost the demand for reinforcement materials in the market.
Additionally, the key opportunities such as growth in the aerospace &
defense sector, along with the rising application of reinforcement materials
for multiple purposes, can be leveraged by the market to move towards the estimated
growth.
However, the expensive process, repair & recycling issues, and environmental issues are factors hampering the reinforcement materials market's overall development.
Geographies
covered in the global reinforcement materials market are:
• North America: United States and
Canada
• Europe: United Kingdom, Germany,
France, Italy, Spain, Russia, and Rest of Europe
• Asia-Pacific: China, Japan, India,
South Korea, ASEAN countries, Australia & New Zealand, and Rest of Asia-Pacific
• Latin America: Brazil, Mexico, and
Rest of Latin America
• Middle East and Africa: United Arab
Emirates, Turkey, Saudi Arabia, South Africa, and Rest of Middle East &
Africa
The reinforcement market is
bifurcated into application and fiber type:
• Market by Application:
o Construction
o Transportation
o Consumer
Goods
o Industrial
Application
o Wind
Energy
o Aerospace
& Defense
o Other
Applications
• Market by Fiber Type:
o Glass
Fiber
• Rovings
• Chopped Strand
• Fabrics
• Woven Roving
• CSM/CFM
• Other Glass Fiber Type
o Aramid
Fiber
• Para-Aramid Fiber
• Meta-Aramid Fiber & Others
o Carbon
Fiber
• PAN
• Pitch, Rayon, & Others (Lignin)
o Natural
Fiber
• Flax
• Kenaf
• Hemp
• Jute
• Others
o Steel
Rebar
Some of the prominent players
engaged in the reinforcement materials market are Toray Industries Inc, Owens
Corning, Binani Industries, Bast Fibers LLC, NFC Fibers GmbH, Honeywell
International Inc, Hyosung Corporation, BASF, Teijin Ltd, and DuPont.
The strategic analysis for
each company in the reinforcement materials market is covered in detail.
Additionally, company profiles help dive into the information about the major market
competitors in this market, and how much hold they have on the market. The
immense growth opportunities are attracting new companies to rush into the
market, thereby accelerating the degree of competition.
Market Segmented By Type, Appl ..
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Market By Raw Material, End-us ..
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VIEW REPORT1. GLOBAL
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. GLOBAL
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. GLOBAL
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. GLOBAL
REINFORCEMENT MATERIALS MARKET - REGIONAL OUTLOOK
5.1. NORTH
AMERICA
5.1.1. MARKET
BY APPLICATION
5.1.2. MARKET
BY FIBER TYPE
5.1.3. COUNTRY
ANALYSIS
5.1.3.1. UNITED
STATES
5.1.3.2. CANADA
5.2. EUROPE
5.2.1. MARKET
BY APPLICATION
5.2.2. MARKET
BY FIBER TYPE
5.2.3. COUNTRY
ANALYSIS
5.2.3.1. UNITED
KINGDOM
5.2.3.2. GERMANY
5.2.3.3. FRANCE
5.2.3.4. SPAIN
5.2.3.5. ITALY
5.2.3.6. RUSSIA
5.2.3.7. REST
OF EUROPE
5.3. ASIA-PACIFIC
5.3.1. MARKET
BY APPLICATION
5.3.2. MARKET
BY FIBER TYPE
5.3.3. COUNTRY
ANALYSIS
5.3.3.1. CHINA
5.3.3.2. JAPAN
5.3.3.3. INDIA
5.3.3.4. SOUTH
KOREA
5.3.3.5. ASEAN
COUNTRIES
5.3.3.6. AUSTRALIA
& NEW ZEALAND
5.3.3.7. REST
OF ASIA-PACIFIC
5.4. LATIN
AMERICA
5.4.1. MARKET
BY APPLICATION
5.4.2. MARKET
BY FIBER TYPE
5.4.3. COUNTRY
ANALYSIS
5.4.3.1. BRAZIL
5.4.3.2. MEXICO
5.4.3.3. REST
OF LATIN AMERICA
5.5. MIDDLE
EAST AND AFRICA
5.5.1. MARKET
BY APPLICATION
5.5.2. MARKET
BY FIBER TYPE
5.5.3. COUNTRY
ANALYSIS
5.5.3.1. UNITED
ARAB EMIRATES
5.5.3.2. TURKEY
5.5.3.3. SAUDI
ARABIA
5.5.3.4. SOUTH
AFRICA
5.5.3.5. REST
OF MIDDLE EAST & AFRICA
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
TABLE 1: GLOBAL REINFORCEMENT
MATERIALS MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)
TABLE 2: GLOBAL REINFORCEMENT
MATERIALS MARKET, BY GEOGRAPHY, 2021-2028 (IN KILOTON)
TABLE 3: VENDOR SCORECARD
TABLE 4: GLOBAL REINFORCEMENT
MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 5: GLOBAL REINFORCEMENT
MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)
TABLE 6: GLOBAL REINFORCEMENT
MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN $ MILLION)
TABLE 7: GLOBAL REINFORCEMENT
MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN KILOTON)
TABLE 8: GLOBAL GLASS FIBER
MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 9: GLOBAL GLASS FIBER
MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 10: GLOBAL ARAMID FIBER
MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 11: GLOBAL ARAMID FIBER
MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 12: GLOBAL CARBON FIBER
MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 13: GLOBAL CARBON FIBER
MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 14: GLOBAL NATURAL FIBER
MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 15: GLOBAL NATURAL FIBER
MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 16: GLOBAL REINFORCEMENT
MATERIALS MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)
TABLE 17: GLOBAL REINFORCEMENT
MATERIALS MARKET, BY GEOGRAPHY, 2021-2028 (IN KILOTON)
TABLE 18: NORTH AMERICA
REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 19: NORTH AMERICA
REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)
TABLE 20: NORTH AMERICA
REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 21: NORTH AMERICA
REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)
TABLE 22: NORTH AMERICA
REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN $ MILLION)
TABLE 23: NORTH AMERICA
REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN KILOTON)
TABLE 24: EUROPE REINFORCEMENT
MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 25: EUROPE REINFORCEMENT
MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)
TABLE 26: EUROPE REINFORCEMENT
MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 27: EUROPE REINFORCEMENT
MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)
TABLE 28: EUROPE REINFORCEMENT
MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN $ MILLION)
TABLE 29: EUROPE REINFORCEMENT
MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN KILOTON)
TABLE 30: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 31: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)
TABLE 32: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 33: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)
TABLE 34: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN $ MILLION)
TABLE 35: ASIA-PACIFIC REINFORCEMENT
MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN KILOTON)
TABLE 36: LATIN AMERICA
REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 37: LATIN AMERICA
REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)
TABLE 38: LATIN AMERICA
REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 39: LATIN AMERICA
REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)
TABLE 40: LATIN AMERICA
REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN $ MILLION)
TABLE 41: LATIN AMERICA
REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN KILOTON)
TABLE 42: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 43: MIDDLE EAST AND AFRICA
REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)
TABLE 44: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 45: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)
TABLE 46: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN $ MILLION)
TABLE 47: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN KILOTON)
FIGURE 1: GLOBAL REINFORCEMENT
MATERIALS MARKET, BY APPLICATION, 2020 AND 2028 (IN %)
FIGURE 2: GLOBAL CONSTRUCTION
MARKET 2021-2028 (IN $ MILLION)
FIGURE 3: GLOBAL CARBON FIBER
MARKET 2021-2028 (IN $ MILLION)
FIGURE 4: GLOBAL INDUSTRIAL
APPLICATION MARKET 2021-2028 (IN $ MILLION)
FIGURE 5: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 6: MARKET
ATTRACTIVENESS INDEX
FIGURE 7: GLOBAL REINFORCEMENT
MATERIALS MARKET, BY CONSTRUCTION, 2021-2028 (IN $ MILLION)
FIGURE 8: GLOBAL REINFORCEMENT
MATERIALS MARKET, BY TRANSPORTATION, 2021-2028 (IN $ MILLION)
FIGURE 9: GLOBAL REINFORCEMENT
MATERIALS MARKET, BY CONSUMER GOODS, 2021-2028 (IN $ MILLION)
FIGURE 10: GLOBAL
REINFORCEMENT MATERIALS MARKET, BY INDUSTRIAL APPLICATION, 2021-2028 (IN $
MILLION)
FIGURE 11: GLOBAL
REINFORCEMENT MATERIALS MARKET, BY WIND ENERGY, 2021-2028 (IN $ MILLION)
FIGURE 12: GLOBAL
REINFORCEMENT MATERIALS MARKET, BY AEROSPACE & DEFENSE, 2021-2028 (IN $
MILLION)
FIGURE 13: GLOBAL
REINFORCEMENT MATERIALS MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 14: GLOBAL GLASS FIBER
MARKET, BY GLASS FIBER, 2021-2028 (IN $ MILLION)
FIGURE 15: GLOBAL
REINFORCEMENT MATERIALS MARKET, BY ARAMID FIBER, 2021-2028 (IN $ MILLION)
FIGURE 16: GLOBAL
REINFORCEMENT MATERIALS MARKET, BY CARBON FIBER, 2021-2028 (IN $ MILLION)
FIGURE 17: GLOBAL
REINFORCEMENT MATERIALS MARKET, BY NATURAL FIBER, 2021-2028 (IN $ MILLION)
FIGURE 18: GLOBAL
REINFORCEMENT MATERIALS MARKET, BY STEEL REBAR, 2021-2028 (IN $ MILLION)
FIGURE 19: GLOBAL
REINFORCEMENT MATERIALS MARKET, REGIONAL OUTLOOK, 2020 AND 2028 (IN %)
FIGURE 20: UNITED STATES
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: CANADA
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: UNITED KINGDOM
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: GERMANY
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: FRANCE
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 25: SPAIN REINFORCEMENT
MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 26: ITALY REINFORCEMENT
MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 27: RUSSIA
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 28: REST OF EUROPE
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 29: CHINA REINFORCEMENT
MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 30: JAPAN REINFORCEMENT
MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 31: INDIA REINFORCEMENT
MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 32: SOUTH KOREA
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 33: ASEAN COUNTRIES
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 34: AUSTRALIA & NEW
ZEALAND REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 35: REST OF
ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 36: BRAZIL
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 37: MEXICO
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 38: REST OF LATIN
AMERICA REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 39: UNITED ARAB
EMIRATES REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 40: TURKEY
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 41: SAUDI ARABIA
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 42: SOUTH AFRICA
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 43: REST OF MIDDLE EAST
& AFRICA REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)