Market by Application, Fiber Type, and Country | Forecast 2021-2028
The Asia-Pacific reinforcement
materials market is assessed to display growth at 6.33% of CAGR in terms of
revenue during the considered years 2021-2028. It is further likely to exhibit
growth in volume at 5.57% of CAGR in the same period.
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The countries evaluated in
this market include:
• India
• China
• Japan
• Australia & New Zealand
• South Korea
• ASEAN countries
• Rest of APAC
In Asia-Pacific, the market
for reinforcement materials is proliferating, owing to the rapid
industrialization in developing nations, such as India and China. Moreover, the
region is one of the significant contributors that is meeting the demand for
reinforcement materials globally. This rise in industrialization and urbanization
is enormously motivating the growth of the reinforcement materials market in
the APAC region.
In China, the rising demand
from military and industrial sectors to enhance personnel security is
augmenting the reinforcement materials market’s progress during the considered
years. Additionally, the increasing R&D activities by prominent companies
are likely to influence the demand for reinforcement materials. Above all,
China is anticipated to observe robust growth in its construction sector, owing
to various technological advancements. This growth will further enhance the
demand for materials used for reinforcement, thereby positively impacting the
reinforcement materials market across China.
In Japan, however, renowned
automotive companies are majorly boosting the demand for reinforcement
materials. For instance, reinforcement materials are used to manufacture
multiple automotive components, which significantly impacts the studied
market’s development. Further, the government is putting efforts to revitalize
the economy by concentrating on infrastructure development, which will develop
the construction industry. This growth in the construction sector will directly
enhance the demand for reinforcement materials for several applications. Hence,
the above-stated factors are expected to propel the Japanese reinforcement
materials market on a growth path.
Teijin Ltd is involved in
developing advanced solutions in the areas of safety, security, and health
consciousness, among others. Its operations are through two segments, namely,
materials and healthcare. The company provides reinforcements materials through
its materials segment for application in multiple industries, including
electronics, construction, automobiles, railways, textile, etc. The company has
its operations across 20 countries, with its headquarter located in Japan.
1. ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. CONSTRUCTION
IS LARGEST APPLICATION IN MARKET
2.2.2. CARBON
FIBER IS FASTEST-GROWING FIBER TYPE IN MARKET
2.2.3. RAPID
ADOPTION OF REINFORCEMENT MATERIALS IN INDUSTRIAL APPLICATION
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. INTENSITY
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. MARKET
DRIVERS
2.6.1. HIGH
DEMAND FOR LIGHTWEIGHT MATERIALS
2.6.2. IMPROVED
PRODUCT QUALITY DUE TO REINFORCEMENT
2.7. MARKET
RESTRAINTS
2.7.1. EXPENSIVE
PROCESS
2.7.2. REPAIR
& RECYCLING ISSUES
2.8. MARKET
OPPORTUNITIES
2.8.1. GROWTH
IN AEROSPACE & DEFENSE SECTOR
2.8.2. RISE
OF APPLICATION OF REINFORCEMENT MATERIALS IN MULTIPLE SECTORS
2.9. MARKET
CHALLENGES
2.9.1. ENVIRONMENTAL
ISSUES
2.10. IMPACT
OF CORONAVIRUS ON REINFORCEMENT MATERIALS MARKET
3. ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET OUTLOOK - BY APPLICATION
3.1. CONSTRUCTION
3.2. TRANSPORTATION
3.3. CONSUMER
GOODS
3.4. INDUSTRIAL
APPLICATION
3.5. WIND
ENERGY
3.6. AEROSPACE
& DEFENSE
3.7. OTHER
APPLICATIONS
4. ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET OUTLOOK - BY FIBER TYPE
4.1. GLASS
FIBER
4.1.1. ROVINGS
4.1.2. CHOPPED
STRAND
4.1.3. FABRICS
4.1.4. WOVEN
ROVING
4.1.5. CSM/CFM
4.1.6. OTHER
GLASS FIBER TYPE
4.2. ARAMID
FIBER
4.2.1. PARA-ARAMID
FIBER
4.2.2. META-ARAMID
FIBER & OTHERS
4.3. CARBON
FIBER
4.3.1. PAN
4.3.2. PITCH,
RAYON, & OTHERS (LIGNIN)
4.4. NATURAL
FIBER
4.4.1. FLAX
4.4.2. KENAF
4.4.3. HEMP
4.4.4. JUTE
4.4.5. OTHERS
4.5. STEEL
REBAR
5. REINFORCEMENT
MATERIALS MARKET - ASIA-PACIFIC
5.1. CHINA
5.2. JAPAN
5.3. INDIA
5.4. SOUTH
KOREA
5.5. ASEAN
COUNTRIES
5.6. AUSTRALIA
& NEW ZEALAND
5.7. REST
OF ASIA-PACIFIC
6. COMPETITIVE
LANDSCAPE
6.1. BASF
6.2. DUPONT
6.3. HONEYWELL
INTERNATIONAL INC
6.4. NFC
FIBERS GMBH
6.5. TEIJIN
LTD
6.6. TORAY
INDUSTRIES INC
6.7. OWENS
CORNING
6.8. HYOSUNG
CORPORATION
6.9. BINANI
INDUSTRIES
6.10. BAST
FIBERS LLC
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.1.1. OBJECTIVES
OF STUDY
7.1.2. SCOPE
OF STUDY
7.2. SOURCES
OF DATA
7.2.1. PRIMARY
DATA SOURCES
7.2.2. SECONDARY
DATA SOURCES
7.3. RESEARCH
METHODOLOGY
7.3.1. EVALUATION
OF PROPOSED MARKET
7.3.2. IDENTIFICATION
OF DATA SOURCES
7.3.3. ASSESSMENT
OF MARKET DETERMINANTS
7.3.4. DATA
COLLECTION
7.3.5. DATA
VALIDATION & ANALYSIS
TABLE 1: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)
TABLE 3: VENDOR SCORECARD
TABLE 4: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)
TABLE 6: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN KILOTON)
TABLE 8: ASIA-PACIFIC GLASS
FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC GLASS
FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 10: ASIA-PACIFIC ARAMID
FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC ARAMID
FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 12: ASIA-PACIFIC CARBON
FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC CARBON
FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 14: ASIA-PACIFIC NATURAL
FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC NATURAL
FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)
FIGURE 1: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2020 AND 2028 (IN %)
FIGURE 2: ASIA-PACIFIC
CONSTRUCTION MARKET 2021-2028 (IN $ MILLION)
FIGURE 3: ASIA-PACIFIC CARBON
FIBER MARKET 2021-2028 (IN $ MILLION)
FIGURE 4: ASIA-PACIFIC
INDUSTRIAL APPLICATION MARKET 2021-2028 (IN $ MILLION)
FIGURE 5: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 6: MARKET
ATTRACTIVENESS INDEX
FIGURE 7: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY CONSTRUCTION, 2021-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY TRANSPORTATION, 2021-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY CONSUMER GOODS, 2021-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY INDUSTRIAL APPLICATION, 2021-2028 (IN $
MILLION)
FIGURE 11: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY WIND ENERGY, 2021-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY AEROSPACE & DEFENSE, 2021-2028 (IN $
MILLION)
FIGURE 13: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC GLASS
FIBER MARKET, BY GLASS FIBER, 2021-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC REINFORCEMENT
MATERIALS MARKET, BY ARAMID FIBER, 2021-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY CARBON FIBER, 2021-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, BY NATURAL FIBER, 2021-2028 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC REINFORCEMENT
MATERIALS MARKET, BY STEEL REBAR, 2021-2028 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC
REINFORCEMENT MATERIALS MARKET, REGIONAL OUTLOOK, 2020 AND 2028 (IN %)
FIGURE 20: CHINA REINFORCEMENT
MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: JAPAN REINFORCEMENT
MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: INDIA REINFORCEMENT
MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: SOUTH KOREA
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: ASEAN COUNTRIES
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 25: AUSTRALIA & NEW
ZEALAND REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 26: REST OF
ASIA-PACIFIC REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)