Reinforcement Materials Market Research and Forecast Report 2023-2028

1. Global Reinforcement Materials Market Research and Forecast Report 2023- 2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Reinforcement Materials Market Research Report: The latest report by IMARC, titled “Reinforcement Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” finds that the global reinforcement materials market reached a value of US$ 20.2 Billion in 2022. Reinforcement materials are composite mediums infused with matrix materials to enhance the physical and mechanical properties of the final product. They are cost-effective, highly resistant to corrosion and easy to process, and provide versatility, high insulation, robust strength and low density. Reinforcement materials include various materials, including glass fibers, aramid fiber, and steel rebar, that are preferred choices for end-users. These materials usually add rigidity and greatly impede crack propagation. Consequently, they find applications across various industries such as wind energy, construction, consumer goods, transportation, aerospace, and defense. Request market/requestsample Free Sample Report: https://www.imarcgroup.com/reinforcement-materials-

4. Report Description and Highlights Report Description Global Reinforcement Materials Market Trends: The market is primarily driven by the significant rise of the construction industry. Reinforcement materials such as glass fibers and related composites are increasingly utilized in new and improving infrastructural development projects. They are also extensively used in aircraft manufacturing and lightweight automotive parts, fueling the market growth. Moreover, in the medical industry, carbon and glass hybrid structures and carbon fiber-reinforced polymers are used for binding fibers and surfaces in MRI scanners, C-scanners, X-ray couches, target tools, wheelchairs, and prosthetics. Furthermore, the outbreak of coronavirus disease (COVID-19) pandemic across the globe is increasing the demand for swabs, disposable masks, and personal protection equipment (PPE), which is facilitating the reinforcement materials market. Moreover, manufacturers are introducing green reinforcement materials that are derived from plant and animal- based biomass like wood cellulose. The renewability, biodegradability, nontoxicity, and availability of natural fibers in abundance made them an ideal composite for future utilization in the automotive industry. On account of these factors, the market is expected to reach a value of US$ 30.5 Billion by 2028, exhibiting a CAGR of 6.8% during the forecast period (2023-2028). Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: Breakup by Material Type: • Glass Fiber • Carbon Fiber • Aramid Fiber • Natural Fiber • Others Breakup by Application: • Composite • Concrete • Others Breakup by End Use Industry: • Aerospace and Defense • Construction • Transportation • Wind Energy

6. Report Description and Highlights Report Description • Industrial and Consumer Goods • Others Breakup by Region: • North America • United States • Canada • Asia-Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany • France • United Kingdom • Italy

7. Report Description and Highlights Report Description • Spain • Russia • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa

8. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • • BASF SE Century Enka Limited Cordenka GmbH & Co. KG Dupont De Nemours Inc. Formosa Taffeta Co. Ltd. Honeywell International Inc. Hyosung Advanced Materials Kolon Industries Inc. N.V. Bekaert S.A. Teijin Limited Toray Industries Inc Toyobo Co. Ltd. View Full Report with TOC & List of Figure: https://www.imarcgroup.com/reinforcement-materials- market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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