Reinforcement Materials Market by Material Type, and End User –
Opportunity Analysis and Industry Forecast, 2018-2024” report
has been added to ResearchAndMarkets.com’s offering.
The Vietnam reinforcement materials market was $49,453 thousand in 2017
and is expected to reach $84,478 thousand by 2024, expanding at CAGR of
7.9% from 2018-2024.
Reinforcement materials form composites where a homogeneous matrix
component is fortified by a robust additive that is usually fibrous in
nature. Sustainability and structural strength of reinforcement
materials has made it ideal for use in automotive, consumer goods,
marine products, and construction among other markets. Reinforcement
materials are lighter in weight as compared to individual components,
resulting in increased applications in the automotive, aerospace &
defense, and construction industries. However, the high production cost
of reinforcement materials could hamper the growth of the market.
Technological advancements in the carbon and aramid fiber molding
processes, have created numerous growth opportunities for the market
Based on material type, market is divided into glass fiber (roving,
woven roving, fabrics, CSM/CFM, chopped strand, and others), carbon
fiber (woven fabric, thermoset UD prepreg, thermoset fabric prepreg,
thermoplastic prepreg, raw fiber, and molding compounds), and others.
Glass fibers accounted for around two-thirds of the reinforcement
materials industry revenue in 2017. The roving materials segment
dominated the glass fibers market, generating nearly one-fourth of the
total reinforcement materials industry revenue in the same year.
Key Topics Covered:
2 Executive Summary
3 Vietnam Reinforcement Materials Market, By Material Type
4 Vietnam Reinforcement Materials Market, By End User
For more information about this report visit https://www.researchandmarkets.com/research/69866v/vietnam?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180713005100/en/