Fiber-Reinforced Plastic Composites to 2017

Publisher Name :
Date:25-Oct-2013
No. of pages: 317

This study analyzes the US fiber-reinforced plastic (FRP) composites industry. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 by fiber (e.g., glass fibers, carbon fiber), product (e.g., polyester, epoxy, polypropylene, thermoplastic polyester, nylon, styrenics, polycarbonate) and market (e.g., construction, motor vehicles, electrical and electronic, marine). The study also considers market environment factors, details industry structure, evaluates company market share and profiles industry players.

US demand to reach 4.3 billion pounds in 2017

US demand for fiber-reinforced plastic (FRP) composites is forecast to reach 4.3 billion pounds in 2017. Advances will rebound from the moderate declines experienced during the course of the recession-impacted 2007-2012 period, when opportunities were restricted by a steep drop in construction activity, reduced motor vehicle output, and the collapse of the recreational boating market. These markets are anticipated to register renewed growth as economic conditions improve. In addition, FRP composites will continue to supplant conventional materials such as aluminum and steel due to a number of performance advantages, including stiffness, light weight, and corrosion resistance, as well as greater design flexibility and improved part consolidation capabilities.

Glass fiber to remain dominant reinforcement material

Glass fiber is by far the leading reinforcement material used in the composites industry, benefiting from its low cost, high strength-to-weight ratio, good processability, and chemical resistance. However, much smaller volume types such as carbon and aramid fibers are forecast to achieve rapid gains based on rising requirements for higher performing materials, particularly in motor vehicle, aerospace, military, and industrial sectors.

Best growth prospects to be seen in motor vehicle & construction markets

Motor vehicles and construction represent the major outlets for FRP composites and will provide the best opportunities for growth through 2017, spurred by an improving outlook for vehicle output and a strong rebound in building construction activity. Together, these two markets will account for more than three-quarters of new demand for FRP composites through 2017. Ongoing efforts by automakers to enhance fuel efficiency will continue to drive composites demand, as vehicle weight reduction — which represents a key strategy utilized by OEMs to boost fuel economy — is often accomplished through the use of lightweight composite materials. Advances in the construction sector will be propelled by rapid spending gains in the residential sector, which will generate demand for a variety of products, including fiberglass bathroom components and entry doors.

Prospects will also be bright in the small aircraft and aerospace sector, driven by the expanding utilization of carbon fiber composites in the production of commercial airliners such as Boeing’s 787 DREAMLINER, which has more than 50 percent composite content. Rising consumer spending levels will bode well for composites used in the production of marine and consumer durable products.

Thermoset polyester, epoxy to lead market advances

Thermoset polyester is by far the leading resin in the FRP composites market, with demand stemming largely from its widespread use in construction applications, where it is favored for its low cost, durability, and corrosion resistance. Although it remains a relatively small segment of the market for the foreseeable future, epoxy is forecast to see much faster growth, fueled by the rising use of carbon-epoxy composites, particularly in aerospace applications. Demand for thermoplastics such as nylon, thermoplastic polyester, and polypropylene will be fueled by these materials’ fast processability, cost competitiveness, and design flexibility. However, overall advances will be restrained by a lack of familiarity with thermoplastics among many composites producers and the need for alternative processing techniques.

Company Profiles

Profiles 38 US industry competitors including AOC, Cytec and Hexcel

Additional Information

This study analyzes the US fiber-reinforced plastic composites industry. Historical (2002, 2007, and 2012) data and forecasts for the years 2017 and 2022 are presented by fiber, product, and market. Product types include composites formulated using thermosets (unsaturated polyester, epoxy, and others) and thermoplastics (nylon, polyester, polypropylene, styrenics, polycarbonate, and others). Principal markets include motor vehicles, construction, electrical and electronic, consumer durables, marine, and others.

As defined in this study, reinforced plastics are combinations of polymer resins and reinforcing fibers, including short fibers, chopped fibers, and fabric reinforcements. Data in this study include the weight of the basic resins, the reinforcing fibers, and other fillers or additives. Value data reflect the cost of the product at the fiber reinforcement stage. For example, for short fiberreinforced thermoplastics, demand would be the value of the compounded material, while for hand lay-up processes, the value of the composite component is counted. The term “demand” is used synonymously with “consumption” and equals production plus imports, minus exports. The words “fiber-reinforced plastic composites,” “reinforced plastics,” and “composites” are used synonymously. Both captive and merchant consumption are included in the data.

Fiber-Reinforced Plastic Composites to 2017

Table Of Contents

Introduction X

I. Executive Summary 1

II. Market Environment 4
General 4
Macroeconomic Outlook 5
Demographic Trends 8
Consumer Income & Spending 12
Construction Outlook 15
Residential Construction 18
Nonresidential Building Construction 21
Nonbuilding Construction 23
Manufacturing Outlook 25
Motor Vehicle Outlook 28
Electrical & Electronic Equipment Outlook 32
Recreational Boating Outlook 37
Plastic Resin Outlook 38
Competitive Materials 41
Processing Methods 43
Pricing Trends 45
Regulatory Factors 48
Recycling 50
International Activity 52

III. Fiber 54
General 54
Glass Fibers 58
Carbon & Other Fibers 62
Carbon Fibers 63
Aramid Fibers 66
All Other 69

IV. Products 72
General 72
Thermoset Composites 75
Polyester 76
Markets 80
Producers 83
Epoxy 85
Markets 86
Producers 88
Other Thermoset Composites 89
Thermoplastic Composites 91
Nylon 94
Markets 96
Producers 97
Thermoplastic Polyester 98
Markets 99
Producers 100
Polypropylene 102
Markets 103
Producers 104
Styrenics 106
Markets 107
Producers 109
Polycarbonate 109
Other Thermoplastic Composites 112

V. Markets 117
General 117
Motor Vehicles 120
Resins 121
Thermosets 124
Thermoplastics 126
Producers 128
Demand by Application & Vehicle Type 130
Construction 133
Resins 133
Applications 135
Bathroom Components 137
General Construction 140
Pipe 142
Panels 146
Tanks & Other 148
Electrical & Electronics 151
Resins 151
Applications 154
Electrical & Energy 155
Computer & Electronics 161
Consumer Durables 166
Resins 166
Applications 168
Appliances 169
Other Consumer Durables 171
Marine 174
Other Markets 178
Resins 179
Applications 180
Aircraft & Aerospace 181
All Other Markets 184

VI. Industry Structure 187
General 187
Industry Composition 189
Market Share 191
Mergers & Acquisitions 196
Marketing Strategies 200
Channels of Distribution 202
Research & Development 204
Competitive Strategies 206
Cooperative Agreements 208
Company Profiles 211
AGY Holding Corporation 212
Ameron International, see National Oilwell Varco AOC LLC 215
Ashland Incorporated 216
BASF SE 219
Berkshire Hathaway Incorporated 223
Bulk Molding Compounds, see Citadel Plastics Holdings CCP Composites US, see Total Celanese Corporation 225
Citadel Plastics Holdings Incorporated 229
Core Molding Technologies Incorporated 232
Crane Company 234
Cytec Industries Incorporated 238
DuPont (EI) de Nemours 242
ECM Plastics, see Schulman (A.) Ferro Corporation 245
Fiberspar, see National Oilwell Varco General Electric Company 247
Glasforms, see PolyOne Hadlock Plastics, see PremixHanwha Group 249
Hexcel Corporation 251
Huntsman Corporation 254
Interplastic Corporation 255
Johns Manville, see Berkshire Hathaway LM Wind Power Group 257
Matrixx Group, see Citadel Plastics Holdings Momentive Performance Materials Holdings LLC 258
National Oilwell Varco Incorporated 261
Owens Corning 264
Performance Materials, see Royal Ten Cate Plasan Carbon Composites Incorporated 268
PolyOne Corporation 269
PPG Industries Incorporated 272
Premix Incorporated 275
Quantum Composites, see Premix Reichhold Incorporated 278
Rogers Corporation 280
Royal DSM NV 281
Royal Ten Cate NV 285
RTP Company 289
SABIC Innovative Plastics, see Saudi Basic Industries Saudi Basic Industries Corporation 292
Schulman (A.) Incorporated 295
Strongwell Corporation 297
Styrolution Group, see BASF Teijin Limited 301
Ticona, see Celanese Toray Industries Incorporated 306
Total SA 309
TPI Composites Incorporated 311
Umeco, see Cytec Industries Zoltek Companies Incorporated 313
Other Companies Mentioned in the Study 315

List Of Tables

Section I -- Executive Summary
Summary Table 3

Section II -- Market Environment
1 Macroeconomic Indicators 8
2 Population & Households 12
3 Personal Consumption Expenditures 15
4 Construction Expenditures 18
5 Residential Building Construction Expenditures 20
6 Nonresidential Building Construction Expenditures 23
7 Nonbuilding Construction Expenditures 25
8 Manufacturers’ Shipments 28
9 Motor Vehicle Production & Sales 31
10 Electrical & Electronic Equipment Shipments 36
11 Recreational Boat Shipments 38
12 Plastic Resin Supply & Demand 41
13 Fiber-Reinforced Plastic Composites Pricing 48

Section III -- Fibers
1 Fiber Materials Demand in Composites 56
2 Glass Fibers Demand in Composites 62
3 Carbon & Other Fibers Demand in Composites by Type 63

Section IV -- Products
1 Fiber-Reinforced Plastic Composites Demand by Type 74
2 Thermoset Composites Demand by Resin 76
3 Thermoset Polyester Composites Demand by Market 79
4 Epoxy Composites Demand by Market 86
5 Other Thermoset Composites Demand by Market 91
6 Thermoplastic Composites Demand by Resin 93
7 Nylon Composites Demand by Market 95
8 Thermoplastic Polyester Composites Demand by Market 99
9 Polypropylene Composites Demand by Market 103
10 Styrenic Composites Demand by Market 107
11 Polycarbonate Composites Demand by Market 111
12 Other Thermoplastic Composites Demand by Market 116

Section V -- Markets
1 Fiber-Reinforced Plastic Composites Demand by Market 119
2 Motor Vehicle Market for Fiber-Reinforced Plastic Composites by Resin 123
3 Motor Vehicle Market for Fiber-Reinforced Plastic Composites by Application & Vehicle Type 132
4 Construction Market for Fiber-Reinforced Plastic Composites by Resin 135
5 Construction Market for Fiber-Reinforced Plastic Composites by Application 136
6 Bathroom Components: Fiber-Reinforced Plastic Composites Demand 140
7 General Construction: Fiber-Reinforced Plastic Composites Demand 142
8 Pipe: Fiber-Reinforced Plastic Composites Demand 144
9 Panels: Fiber-Reinforced Plastic Composites Demand 148
10 Tanks & Other: Fiber-Reinforced Plastic Composites Demand 150
11 Electrical & Electronics Market for Fiber-Reinforced Plastic Composites by Resin 153
12 Electrical & Electronics Market for Fiber-Reinforced Plastic Composites by Application 155
13 Electrical & Energy: Fiber-Reinforced Plastic Composites Demand 156
14 Computer & Electronics: Fiber-Reinforced Plastic Composites Demand 162
15 Consumer Durables Market for Fiber-Reinforced Plastic Composites by Resin 168
16 Consumer Durables Market for Fiber-Reinforced Plastic Composites by Application 169
17 Appliances: Fiber-Reinforced Plastic Composites Demand 171
18 Other Consumer Durables: Fiber-Reinforced Plastic Composites Demand 174
19 Marine Market: Fiber-Reinforced Plastic Composites Demand 178
20 Other Markets for Fiber-Reinforced Plastic Composites by Resin 180
21 Other Markets for Fiber-Reinforced Plastic Composites by Application 181

Section VI -- Industry Structure
1 US Fiber-Reinforced Plastic Composites Industry Sales by Company, 2012 190
2 Selected Acquisitions & Divestitures 198
3 Selected Cooperative Agreements 210

List Of Charts

Section III -- Fibers
1 Fiber Materials Demand in Composites by Type: Volume & Value, 2012 57

Section IV -- Products
1 Fiber-Reinforced Plastic Composites Demand by Type, 2012 74
2 Thermoset Polyester Composites Demand by Market, 2012 80
3 Thermoplastic Composites Demand by Resin, 2012 94

Section V -- Markets
1 Fiber-Reinforced Plastic Composites Demand by Market, 2012 120
2 Motor Vehicle Market for Fiber-Reinforced Plastic Composites by Resin, 2012 124
3 Construction Market for Fiber-Reinforced Composites by Application, 2012 137
4 Electrical & Electronics Market for Fiber-Reinforced Plastic Composites by Resin, 2012 154

Section VI -- Industry Structure
1 Fiber-Reinforced Plastic Composites Industry Flowchart 188
2 US Fiber-Reinforced Plastic Composites Market Leaders, 2012 192

  • Challenges in the Tourism Industry in Thailand
    Thailand has always been a popular tourist destination and tourism provides a major boost to the country’s economy. Bangkok, Hua Hin, Krabi, Samui, Phuket and Cha Am are some of the most attractive tourist destinations in the country. In 2012, Thailand had a very high number of arrivals. Even the number of Thai citizens who [...]
  • Future of the US Consumer Electronics Market
    The market for consumer electronics has been growing steadily. Some of the factors that are contributing to the growth in the market are technological advancement, rise in disposable income and increasing demand for new products. During 2012, consumer electronics market in the US demonstrated positive expansion, although the growth rate slowed down considerably following the [...]
  • Overview of the Global Retail Market
    The global retail industry continued to grow despite the difficult economic conditions in the world. In the fiscal year of 2011, sales-weighted, currency-adjusted revenue rose by 5.1% to $4.271 trillion for the world’s top 250 retailers. According to GRDI (Global Retail Development Index), in 2013 Brazil occupied the top spot in retail development. Chile and [...]
  • Bright Future Predicted for the Tourism Industry in Singapore
    Travel and tourism industry in Singapore has been growing at a steady rate and is considered to be a major contributor to the economic growth of the country. In 2012, Singapore’s IVA (International Visitors Arrivals) reached a record high of 14.5 million, with a growth rate of 10.1% year-on-year. In recent years, inbound travel to [...]
  • Potential of Staffing Market in United States
    The staffing industry places individuals into contract, temporary and permanent positions in firms around the world. Major staffing markets include France, Spain, Italy and Japan as well as many emerging markets. Temporary staffing around the world has been growing, but in US temporary market has been flat since 2006. The majority of staffing revenue majorly [...]
  • Poland Pharmaceutical Industry Growing at 8.3% CAGR to 2020
  • Factors such as the growing elderly population, increasing availability of affordable medicines, and transparent regulatory guidelines will provide the necessary impetus for the growth of the Polish pharmaceutical market, but a decrease in mark-up prices and the country’s stringent drug …

  • Asia-Pacific, Led by China, Drive the Global Methanol Industry
  • China is driving the global methanol industry, with tremendous demand from both its energy and petrochemicals sectors. It accounts for 87.9% of Asia-Pacific’s (APAC) methanol capacity, and 51.9% of the global methanol capacity. Despite a large planned capacity increase in …

  • Diagnostic X-ray Imaging Market worth $4.0 billion by 2020
  • GlobalData estimates that the global diagnostic X-ray imaging market, worth $2.4 billion in 2012, will reach almost $4.0 billion by 2020, increasing at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period. Many players are active in …

  • Graft-Versus-Host Disease Market Forecast to 2023
  • Graft-versus-host disease (GVHD) is a common complication of allogeneic hematopoietic stem cell transplantation (HSCT) that occurs when the donated (graft) cells are rejected and attack the host’s cells as foreign. GVHD can progress from mild to severe forms as either …

  • Chronic Lymphocytic Leukemia (CLL) Treatment Market worth $3.3 billion by 2018
  • New Entrants to Boost Chronic Lymphocytic Leukemia Treatment Market Value to $3.3 Billion by 2018, says GlobalData. The introduction of several new drugs will accelerate growth in the Chronic Lymphocytic Leukemia (CLL) treatment market, from $1.4 billion in 2013 to …

  • 2014 Deep Research Report on Global and China Potassium Persulfate Industry
    Published: 20-Aug-2014        Price: US $2200 Onwards        Pages: 156
    This is a professional and depth research report on Global and China Potassium Persulfate industry. The report firstly introduced Potassium Persulfate basic information included Potassium Persulfate definition classification application industry chain structure industry overview; international market analysis, China domestic market analysis, Macroeconomic environment and economic situation analysis, Potassium Persulfate industry policy and plan, Potassium Persulfate product specification, manufa......
  • 2014 Deep Research Report on Global and China Engineering Machinery Tyre Industry
    Published: 20-Aug-2014        Price: US $2200 Onwards        Pages: 214
    This is a professional and depth research report on Global and China Engineering Machinery Tyre industry. The report firstly introduced Engineering Machinery Tyre basic information included Engineering Machinery Tyre definition classification application industry chain structure industry overview; international market analysis, China domestic market analysis, Macroeconomic environment and economic situation analysis and influence, Engineering Machinery Tyre industry policy and plan, Engineering ......
  • Australia Metals Report Q4 2014
    Published: 20-Aug-2014        Price: US $1295 Onwards        Pages: 61
    BMI View: We expect subdued growth in both production and consumption of most metals in Australia as a weakening global commodity market continues to take its toll on the economy. While significant additional global monetary stimulus should help to boost metal prices in the near term, the bout of loosening measures will be insufficient to stem the slowdown and the medium-term outlook for metals remains weak. The slowdown in the metals industry in Australia is best exemplified by monthly crude st......
  • Egypt Metals Report Q4 2014
    Published: 20-Aug-2014        Price: US $1295 Onwards        Pages: 47
    BMI View: We forecast modest growth in the Egyptian steel sector over the coming years, in line with our outlook for the wider economy. We are taking into account the influence of the weak Egyptian pound on the sector and whether depreciation is sufficient to compete in an over-supplied regional market. We expect the worsening political situation to weigh on growth. We remain positive about the effects of Egypt's transition towards a democratic government, as investors will begin to look more fa......
  • Iran Metals Report Q4 2014
    Published: 20-Aug-2014        Price: US $1295 Onwards        Pages: 45
    The outlook for Iran's metals sector is improving for the first time years as sanctions begin to be eased following negotiations with the Western powers. On the whole, however, we are far from sanguine given our bearish outlook for steel prices and the fact that any rapprochement with the West, if indeed it happens, will be drawn out and not have a significant impact in the near term. We note with scepticism, Iran's plans to increase its steel capacity from 20mn tonnes per annum (mntpa) to 55mnt......
  • 2014 Market Research Report on Global Polyvinyl Alcohol (PVA) Films Industry
    Published: 19-Aug-2014        Price: US $3600 Onwards        Pages: 253
    This is a professional and depth research report on Global Polyvinyl Alcohol (PVA) Films industry. The report firstly introduced Polyvinyl Alcohol (PVA) Films basic information included Polyvinyl Alcohol (PVA) Films definition classification application industry chain structure industry overview;Then introduce North America (United States Canada Mexico etc) Europe (Germany France UK Italy Spain etc) Asia (China Japan India Korea etc) Rest of World (Australia South America Middle East and Afr......
  • Membrane Bioreactor Systems Market by Application (Municipal Wastewater Treatment and Industrial Wastewater Treatment), by Type (Hollow Fiber, Flat Sheet, and Multi Tubular), by Configuration (Internal/Submerged and External/ Side stream), and by Region – Trends & Forecasts to 2019
    Published: 18-Aug-2014        Price: US $4650 Onwards        Pages: 270
    The membrane bioreactor systems market size in terms of value is projected to grow at a CAGR of 15.28% between 2014 and 2019 to reach $2,927 million by 2019. Asia-Pacific held the largest share in 2013 with China leading the region. In low penetrated markets of Asia-Pacific and RoW, a high growth is expected while the highly developed North American and European regions are predicted to show a moderate growth. Major growth in the Asia-Pacific region is expected to be from the municipal applicati......
  • A Strategic Outlook on the Future Prospects of Lubricants driven by Power, Chemical, Mining and Automotive Sector in India
    Published: 18-Aug-2014        Price: US $1500 Onwards        Pages: 156
    India stands second largest in two wheeler and commercial vehicle market. Hence, it is no wonder that the Indian lubricants market stands third, only after USA and China. Indian lubricants market is both diverse and highly complex, majorly due to an urban and rural divide and Indian consumer mind-set. However, in the recent times and going forward, the market perception and acceptability is drastically changing towards high performance and branded products. Also, the level of private sector part......
  • 2014 Deep Research Report on Global and China Hydraulic Hose Industry
    Published: 18-Aug-2014        Price: US $2200 Onwards        Pages: 232
    This is a professional and depth research report on Global and China Hydraulic Hose industry. The report firstly introduced Hydraulic Hose basic information included Hydraulic Hose definition classification application industry chain structure industry overview; international market analysis, China domestic market analysis, Macroeconomic environment and economic situation analysis and influence, Hydraulic Hose industry policy and plan, Hydraulic Hose product specification, manufacturing process,......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs