Vietnam Reinforcement Materials Market: Opportunity Analysis and Industry Forecast, 2018-2024

1. Vietnam Reinforcement Materials Market: Opportunity Analysis and Industry Forecast, 2018-2024 Vietnam reinforcement materials market was 24,758 tons in 2017 and is expected to grow at a CAGR of 6.6% to reach 38,981 tons by 2024. Vietnam reinforcement materials market generated $49,453 thousand in 2017 and is expected to grow at a CAGR of 7.9% to reach $84,478 thousand by 2024. Reinforcement materials are essential for the formation of fiber-based composites. Composites are multi-phase materials, are made from two or more constituent materials with significantly different physical or chemical characteristics that, when combined, produce a material with properties different from the individual components. Reinforcement materials are essential to provide rigidity and structural strength to the composites. Factors such as urbanization, growing number of construction & rise in number of automotive industries in are expected to boost the growth of the Vietnam reinforcement materials market during the forecast period. In addition, technological development, lower cost of products, and growing industrialization are fuel the market growth in Vietnam. Reinforcement materials form composites where a homogeneous matrix component is fortified by a robust additive that is usually fibrous in nature. Sustainability and structural strength of reinforcement materials has made it ideal for use in automotive, consumer goods, marine products, and construction among other markets. Reinforcement materials are 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 the market. Technological advancements in the carbon and aramid fiber molding processes, have created numerous growth opportunities for the market players. Download Free Sample Report: https://www.alliedmarketresearch.com/request- sample/4617

2. The Vietnam reinforcement materials market is segmented based on material type and end user. Based on material type, the market is bifurcated as glass fiber, carbon fiber and others. Glass fiber market further sub segmented as roving, woven roving, fabrics, CSM/CFM, chopped strand, and others. Carbon fiber market is further sub categorized into woven fabric, thermoset UD prepreg, thermoset fabric prepreg, thermoplastic prepreg, raw fiber, and molding compounds. Based on end user, the market is categorized as construction and others. Construction further sub classified as residential, infrastructure and industrial. Based on the major end user, Vietnam reinforcement materials market is segmented into construction and others. Construction further categorized as residential, infrastructure and industrial. It is estimated that, construction segment will show fastest market growth in Vietnam owning to rapid increase in industrialization and urbanization, resulting in rising need for more housing and commercial buildings. In addition, growing number of foreign direct investment, lower cost of products and lower labor cost further drive the market growth in Vietnam. Key Benefits This report provides an extensive analysis of the current trends and forecasts estimations and dynamics in the reinforcement materials industry in Vietnam. Comprehensive analysis of factors that drive and restrain the growth of the Vietnam reinforcement materials market share is provided in the report. It offers a quantitative analysis from 2017 to 2024, which is expected to enable the stakeholders to capitalize on prevailing market opportunities. • • •

3. Vietnam Reinforcement Materials Market Key Segments: By Material Type Glass Fiber oRoving oWoven Roving oFabrics oCSM/CFM oChopped Strand oOthers Carbon Fiber oWoven Fabric oThermoset UD Prepreg oThermoset Fabric Prepreg oThermoplastic Prepreg oRaw Fiber oMolding Compounds Others • • • By End User Construction oResidential oInfrastructure oIndustrial Others • • Vietnam reinforcement materials market is dominated by medium and large-scale manufacturers such as Vietnam Steel Corporation, vibuma, Central Glass Co., Ltd., Lanxess AG, International Standards Trading Vietnam Co. ltd., Posco SS-Vina, Co. Ltd., and QH Plus Corporation. Do Purchase Report: https://www.alliedmarketresearch.com/purchase-enquiry/4617

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