Reinforcement Material Market
Reinforcement Material Market - Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2018-2026
Reinforcement provides improved and tailored material properties with manufacturing flexibility.
Particulate composite reinforcements are also used in conventional engineering methods such as
injection molding, which has resulted in overall reduction in operational costs. Natural fibers such
as flax, jute, kenaf, hemp, and sisal offer various benefits such as reduction in weight, cost, and
recyclability. Reinforcements are used in composite materials to enhance properties such as stiffness
and strength. Depending on the alumina-lime-borosilicate composition, glass fibers are considered
the major reinforcements for polymer matrix composites, owing to properties such as low
susceptibility to moisture, high electrical insulating properties, and superior mechanical properties.
Reinforcement Material Market Taxonomy
On the basis of material, the global market is segmented into:
•Carbon fiber
•Glass fiber
•Natural fiber
•Aramid fiber
•Steel rebar
On the basis of end use industry, the global market is segmented into:
•Automotive
•Aerospace
•Consumer goods
•Construction
•Transportation
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Reinforcement Material Market Outlook – Need for Robust materials Expected to Boost
Demand
Asia Pacific is one of the major contributors to the global reinforcement material market. Rapidly
flourishing urbanization and modern infrastructure coupled with increasing investments in high end
for products for defense sector in emerging economies such as India and China has boosted the
growth of reinforcement material in the region. High initial price is one of the restraining factors for
the reinforcement material market globally. Product innovation and increasing global reach are
some of the strategies adopted by the top players in the reinforcement material industry. Research is
being made on developing conductive reinforcements in plastics.
Major Keyplayers: Teijin Limited, Toray Industries, Inc., Cytec Industries Inc., Honeywell
International, Inc., Bast Fiber LLC, AgroFiber SAS, NFC Fibers GmBh, E. I. du Pont de Nemours
and Company, 3B-The Fiberglass Company, Owens Corning, BASF SE, Jushi Group Co., Ltd.,
Mitsubishi Rayon Co. Ltd., Hyosung Corporation, and NJR Steel Holdings (PTY) Ltd.
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