Reinforcement Materials Market Size, Report 2022-2027

by Jaswanth D

Reinforcement Materials Market Overview:

According to the latest report by IMARC Group, titled “Reinforcement Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global reinforcement materials market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global reinforcement materials market size reached a value of US$ 18.64 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 28.6 Billion by 2027 exhibiting a growth rate (CAGR) of 7.10% during 2022-2027.

Reinforcement materials are added to the matrix to enhance the mechanical and physical properties of the final compound product. They are strong, stiff, rigid, and available in the forms of fibers, flakes, fillers, and particulates. Reinforcement materials are used in aircraft parts, fishing rods, storage tanks, etc., on account of their high corrosion resistance and low cost. They also assist in manufacturing paints, electronics, coatings, industrial items, etc. As a result, reinforcement materials find widespread applications across various sectors, such as construction, transportation, wind energy, aerospace, defense, etc.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Reinforcement Materials Market Trends and Drivers:

The escalating product requirement in the healthcare sector to produce disposable masks, swabs, and personal protective equipment (PPE), owing to the sudden outbreak of the COVID-19 pandemic, is primarily driving the reinforcement materials market.

Besides this, the elevating need for geotextiles in infrastructural projects to increase soil stability, aid in drainage, and provide erosion control is further augmenting the market growth. Apart from this, the introduction of nylon and polyester thermoplastic fibers with attractive features, low density, good impact, and fatigue resistance is also catalyzing the global market.

Moreover, the increasing product demand in ballistic applications in the defense sector, on account of its toughness and resistance to organic solvents, lubricants, fuels, etc., is acting as another significant growth-inducing factor. Furthermore, the rising utilization of these materials in bicycles, heavy-duty trucks, space shuttle landing gear, earthmovers, etc., is expected to propel the reinforcement materials market in the coming years.

Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/reinforcement-materials-market

Important Note: If the link is not clickable please open it in a new tab, you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Global Reinforcement Materials Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

 The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • 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.

The report has segmented the market on the basis of region, material type, application and end use industry.

Breakup by Material Type:

  • Glass Fiber
  • Carbon Fiber
  • Aramid Fiber
  • Natural Fiber
  • Others

Breakup by Application:

  • Composite
  • Concrete
  • Others

Market Breakup by End Use Industry:

  • Aerospace and Defense
  • Construction
  • Transportation
  • Wind Energy
  • 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, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

 If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

 Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Read Also: Horizontal Directional Drilling Market Size, Share 2022-2027

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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