The Global Market for Reinforced Plastics is Projected to Reach 9 Million Tons by 2022
Critical Importance of Lightweight & Wear-Resistant Materials in Transportation Technologies to Drive Demand for Reinforced Plastics, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry trends, growth drivers, market share, size and demand forecasts on the global Reinforced Plastics market. The global market for Reinforced Plastics is projected to reach 9 million tons by 2022 , driven by the growing demand for lightweight and wear-resistant materials in automotive, aerospace and several other industries amid growing emphasis on energy efficiency, emission reduction and product durability. Reinforced plastics are a versatile category of composite materials in which plastic’s temperature and low-modulus limitations are eliminated by reinforcing the resin matrix with high-modulus fibers. Incorporating unmatched techno-functional attributes such as superior strength-to-weight, stiffness-to-weight, impact resistance, ins...