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Global Reinforced plastics market is expected to garner USD 295.6 billion by 2027 and to grow at 4.1% CAGR from 2020 to 2027, According to the report published by Allied Market Research. The report offers a detailed analysis of changing market dynamics, value chain, key winning strategies, top segments, pricing, and competitive scenarioThe report offers a detailed segmentation of the global reinforced plastics market based on fiber type, polymer, application, and region.
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By fiber type, the glass fiber segment accounted for the largest market share in 2019, contributing to nearly two-thirds of the total share, and is expected to maintain its lead position throughout the forecast period. However, the carbon fiber segment is estimated to witness the highest CAGR of 4.7% from 2020 to 2027.
By polymer, the thermoplastic segment accounted for nearly four-fifths of the global reinforced plastics market share in 2019, is projected to continue to dominate in terms of revenue during the forecast period. However, the thermoset segment is expected to manifest the largest CAGR of 4.6% from 2020 to 2027.
Leading players of the global reinforced plastics market analyzed in the study are BASF SE, Cytec Solvay Group, Binani Industries, Reinforced Plastic Industries, Haysite Reinforced Plastics, SGL Carbon SE, Rezplast Manufacturing Ltd., Teijin Limited, Taishan Fiberglass Inc., and Toray Industries Inc.
By region, Europe held the highest market share, accounting for more than two-fifths of the global reinforced plastics market share in 2019, and will maintain its highest contribution throughout the forecast period. However, Asia-Pacific is expected to grow at the fastest CAGR of 4.8% during the forecast period.
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Key offerings of the report:
• Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
• Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
• Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
• Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
• Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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Organization: Allied Market Research
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