Reinforcement materials market Boosting Revenue Size in Near Future

1. Opportunity Analysis and Industry Forecast, 2016-2023 Reinforcement Materials Market Largest Regional Revenue Share in Near Future Global Opportunity Analysis and Industry Forecast, 2014-2022

2. Reinforcement Materials Market “Though glass fibers are widely used in construction and automotive applications due to their structural properties and versatile utility, with the decrease in prices and increase in technological advancements, coupled with the development of better recyclable procedures, the consumers are expected to align their preference towards carbon and aramid fibers.”

3. Reinforcement Materials Market Overview Reinforcement Materials Market Report, published by Allied Market Research, forecast that the global market is expected to garner $22,826 million by 2022 from $13,020 million in 2015, with a CAGR of 8.4% from 2016 to 2022. In terms of revenue, carbon fiber and aramid fiber material are expected to grow ata CAGR of 12.0% and 8.8%, respectively, during the forecast period. The factors driving the reinforcement materials market include light weight of carbon fibers, low cost of glass fiber, particle reinforcement materials production, and rise in demand for light weight fibers from the aviation & automotive sector. Access Full Summary at: https://www.alliedmarketresearch.com/reinforcement-materials-market The reinforcement material composite is lighter in weight as compared to individual components, resulting in increased applications in the automotive, aerospace & defense, and construction industries. However, the high production cost of reinforcement materials could hamper the growth of global reinforcement materials market. Technological advancements in the carbon and aramid fiber molding processes, specifically related to medical devices have created numerous growth opportunities for market players.

4. Reinforcement Materials Market The reinforcement materials market is segmented by material type, end user, and geography. Based on material type, it is subsegmented into glass fiber (roving, woven roving, fabrics, CSM/CFM, chopped strand, and others), carbon fiber (polyacrylonitrile (pan); pitch rayon & others; woven fabric, thermoset UD prepreg; thermoset fabric prepreg; thermoplastic prepreg; raw fiber; and molding compounds), aramid fiber (para-aramid fiber, and meta-aramid fiber & others), natural fiber (hemp, flax, kenaf, jute, and others), and steel rebar. Key end user industries include construction, aerospace & defense, transportation, wind energy, consumer goods, industrial, marine, sporting goods, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Glass fibers accounted for around two-thirds of the reinforcement materials industry revenue in 2015. The roving materials segment dominated the market, generating nearly one-fourth of the total reinforcement materials industry revenue in the same year. Sporting goods end-user segment is expected to witness the fastest growth, owing to the rise in demand for lightweight and durable materials in the various sports.

5. Reinforcement Materials Market Snapshot Top Investment Pockets Based on material type, the market is subsegmented into glass fiber, carbon fiber, aramid fiber, natural fiber, and steel rebar. The following figure represents the market attractiveness of different material types. Aramid fiber material is expected to grow at a CAGR of 8.8% during the forecast period and has the highest potential for investment owing to its various applications and versatility in usage. However, carbon fibers is projected be the second most lucrative segment owing to the huge potential for applications in reinforced composites and lightweight materials for various industries. Top Winning Strategies Product launch & approval and expansion were the most commonly adopted strategies by market players to enhance their product portfolio and expand their geographic reach. Product launch & approval accounted for 39.8% of the total business strategies adopted by key market players. In addition, agreements and collaborations together accounted for around one-third of the total strategies adopted by major companies in the market.

6. Reinforcement Materials Market Key Benefits • This report provides an extensive analysis of the current trends and forecasts estimations and dynamics in the reinforcement materials industry. • Competitive intelligence of leading manufacturers and distributors of reinforcement materials assists in understanding the competitive scenario across the geographies. • Comprehensive analysis of factors that drive and restrain the growth of the global reinforcement materials market share is provided in the report. • Extensive analysis of the reinforcement materials industry is conducted by following key product positioning and monitoring the top competitors within the market framework. • Key market players are profiled and their strategies are analyzed, which provide a competitive outlook of the market.

7. Reinforcement Materials Market By Geography North America Europe Asia-Pacific LAMEA

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