Fiber-Reinforced Plastic Composites

As Quoted In Reinforced Plastics

Fiber-reinforced plastic composites will continue to supplant conventional materials such as aluminum and steel due to their light weight, stiffness, corrosion resistance and design flexibility.

US demand to rise 4.7% annually through 2017

US demand for fiber-reinforced plastic (FRP) composites is forecast to climb 4.7 percent annually to 4.3 billion pounds in 2017, valued at nearly $23 billion. Demand will rebound from the moderate declines experienced over 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 see 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 light weight, stiffness, and corrosion resistance, as well as greater design flexibility and improved parts consolidation capabilities. However, advances will be threatened by saturated applications in many areas and the higher cost of FRPs compared to metal in long production runs.

Motor vehicle, construction markets to offer best growth opportunities

Motor vehicles and construction represent the leading 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 among 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 increases 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 volume 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 durables products. However, opportunities in the sizable electrical and electronics sector will be more limited, restricted by an anticipated decline in wind turbine installations from elevated 2012 levels, and by the dominance of offshore producers of computers, printers, and other electrical and electronic equipment.

Study coverage

This study analyzes the 3.5 billion pound US FRP composites industry. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 by fiber (e.g., glass, carbon, aramid), composite resin (e.g., polyester, epoxy, nylon, thermoplastic polyester, polypropylene, styrenics, polycarbonate) and market (e.g., motor vehicles, construction, electrical and electronics, consumer durables, marine).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 38 industry players, including Hexcel, Owens Corning and Cytec.

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  1. Fiber-Reinforced Plastic Composites

    $5,100.00

    1. 1 INTRODUCTION

      $104.00

    2. 2 EXECUTIVE SUMMARY

      $133.00

      1. Table | FIBER-REINFORCED PLASTIC COMPOSITES DEMAND BY TYPE & MARKET (million pounds)

    3. 3 MARKET ENVIRONMENT

      $2,163.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Outlook

        $160.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)

      3. 3.3 Demographic Trends

        $173.00

        1. Table | POPULATION & HOUSEHOLDS (million persons)

      4. 3.4 Consumer Income & Spending

        $116.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES (billion 2005 dollars)

      5. 3.5 Construction Outlook

        $380.00

        1. Table | CONSTRUCTION EXPENDITURES (billion 2005 dollars)

        2. 3.5.1 Residential Construction

          $104.00

          1. Table | RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion 2005 dollars)

        3. 3.5.2 Nonresidential Building Construction

          $103.00

          1. Table | NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion 2005 dollars)

        4. 3.5.3 Nonbuilding Construction

          $82.00

          1. Table | NONBUILDING CONSTRUCTION EXPENDITURES (billion 2005 dollars)

      6. 3.6 Manufacturing Outlook

        $142.00

        1. Table | MANUFACTURERS' SHIPMENTS (billion 2005 dollars)

      7. 3.7 Motor Vehicle Outlook

        $152.00

        1. Table | MOTOR VEHICLE PRODUCTION & SALES (thousand units)

      8. 3.8 Electrical & Electronic Equipment Outlook

        $236.00

        1. Table | ELECTRICAL & ELECTRONIC EQUIPMENT SHIPMENTS (billion dollars)

      9. 3.9 Recreational Boating Outlook

        $82.00

        1. Table | RECREATIONAL BOAT SHIPMENTS (thousand units)

      10. 3.10 Plastic Resin Outlook

        $157.00

        1. Table | PLASTIC RESIN SUPPLY & DEMAND (million pounds)

      11. 3.11 Competitive Materials

        $89.00

      12. 3.12 Processing Methods

        $110.00

      13. 3.13 Pricing Trends

        $109.00

        1. Table | FIBER-REINFORCED PLASTIC COMPOSITES PRICING (dollars per pound)

      14. 3.14 Regulatory Factors

        $102.00

      15. 3.15 Recycling

        $82.00

      16. 3.16 International Activity

        $82.00

    4. 4 FIBERS

      $763.00

      1. 4.1 General

        $98.00

        1. Table | FIBER MATERIALS DEMAND IN COMPOSITES (million pounds)

      2. 4.2 Glass Fibers

        $207.00

        1. Table | GLASS FIBERS DEMAND IN COMPOSITES (million pounds)

      3. 4.3 Carbon & Other Fibers

        $457.00

        1. Table | CARBON & OTHER FIBERS DEMAND IN COMPOSITES BY TYPE (million pounds)

        2. 4.3.1 Carbon Fibers

          $164.00

        3. 4.3.2 Aramid Fibers

          $146.00

        4. 4.3.3 All Other

          $109.00

    5. 5 PRODUCTS

      $1,863.00

      1. 5.1 General

        $95.00

        1. Table | FIBER-REINFORCED PLASTIC COMPOSITES DEMAND BY TYPE (million pounds)

      2. 5.2 Thermoset Composites

        $727.00

        1. Table | THERMOSET COMPOSITES DEMAND BY RESIN (million pounds)

        2. 5.2.1 Polyester

          $384.00

          1. Table | THERMOSET POLYESTER COMPOSITES DEMAND BY MARKET (million pounds)

        3. 5.2.2 Epoxy

          $193.00

          1. Table | EPOXY COMPOSITES DEMAND BY MARKET (million pounds)

        4. 5.2.3 Other Thermoset Composites

          $105.00

          1. Table | OTHER THERMOSET COMPOSITES DEMAND BY MARKET (million pounds)

      3. 5.3 Thermoplastic Composites

        $1,040.00

        1. Table | THERMOPLASTIC COMPOSITES DEMAND BY RESIN (million pounds)

        2. 5.3.1 Nylon

          $177.00

          1. Table | NYLON COMPOSITES DEMAND BY MARKET (million pounds)

        3. 5.3.2 Thermoplastic Polyester

          $165.00

          1. Table | THERMOPLASTIC POLYESTER COMPOSITES DEMAND BY MARKET (million pounds)

        4. 5.3.3 Polypropylene

          $184.00

          1. Table | POLYPROPYLENE COMPOSITES DEMAND BY MARKET (million pounds)

        5. 5.3.4 Styrenics

          $141.00

          1. Table | STYRENIC COMPOSITES DEMAND BY MARKET (million pounds)

        6. 5.3.5 Polycarbonate

          $107.00

          1. Table | POLYCARBONATE COMPOSITES DEMAND BY MARKET (million pounds)

        7. 5.3.6 Other Thermoplastic Composites

          $190.00

          1. Table | OTHER THERMOPLASTIC COMPOSITES DEMAND BY MARKET (million pounds)

    6. 6 MARKETS

      $2,954.00

      1. 6.1 General

        $92.00

        1. Table | FIBER-REINFORCED PLASTIC COMPOSITES DEMAND BY MARKET (million pounds)

      2. 6.2 Motor Vehicles

        $535.00

        1. 6.2.1 Resins

          $398.00

          1. Table | MOTOR VEHICLE MARKET FOR FIBER-REINFORCED PLASTIC COMPOSITES BY RESIN (million pounds)

        2. 6.2.2 Demand by Application & Vehicle Type

          $104.00

          1. Table | MOTOR VEHICLE MARKET FOR FIBER-REINFORCED PLASTIC COMPOSITES BY APPLICATION & VEHICLE TYPE (million pounds)

      3. 6.3 Construction

        $783.00

        1. 6.3.1 Resins

          $95.00

          1. Table | CONSTRUCTION MARKET FOR FIBER-REINFORCED PLASTIC COMPOSITES BY RESIN (million pounds)

        2. 6.3.2 Applications

          $671.00

          1. Table | CONSTRUCTION MARKET FOR FIBER-REINFORCED PLASTIC COMPOSITES BY APPLICATION (million pounds)

          2. Table | BATHROOM COMPONENTS: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)

          3. Table | GENERAL CONSTRUCTION: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)

          4. Table | PIPE: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)

          5. Table | PANELS: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)

          6. Table | TANKS & OTHER: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)

      4. 6.4 Electrical & Electronics

        $665.00

        1. 6.4.1 Resins

          $113.00

          1. Table | ELECTRICAL & ELECTRONICS MARKET FOR FIBER-REINFORCED PLASTIC COMPOSITES BY RESIN (million pounds)

        2. 6.4.2 Applications

          $527.00

          1. Table | ELECTRICAL & ELECTRONICS MARKET FOR FIBER-REINFORCED PLASTIC COMPOSITES BY APPLICATION (million pounds)

          2. Table | ELECTRICAL & ENERGY: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)

          3. Table | COMPUTER & ELECTRONICS: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)

      5. 6.5 Consumer Durables

        $354.00

        1. 6.5.1 Resins

          $82.00

          1. Table | CONSUMER DURABLES MARKET FOR FIBER-REINFORCED PLASTIC COMPOSITES BY RESIN (million pounds)

        2. 6.5.2 Applications

          $255.00

          1. Table | CONSUMER DURABLES MARKET FOR FIBER-REINFORCED PLASTIC COMPOSITES BY APPLICATION (million pounds)

          2. Table | APPLIANCES: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)

          3. Table | OTHER CONSUMER DURABLES: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)

      6. 6.6 Marine

        $181.00

        1. Table | MARINE MARKET: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)

      7. 6.7 Other Markets

        $344.00

        1. 6.7.1 Resins

          $82.00

          1. Table | OTHER MARKETS FOR FIBER-REINFORCED PLASTIC COMPOSITES BY RESIN (million pounds)

        2. 6.7.2 Applications

          $268.00

          1. Table | OTHER MARKETS FOR FIBER-REINFORCED PLASTIC COMPOSITES BY APPLICATION (million pounds)

    7. 7 INDUSTRY STRUCTURE

      $5,132.00

      1. 7.1 General

        $82.00

      2. 7.2 Industry Composition

        $82.00

        1. Table | US FIBER-REINFORCED PLASTIC COMPOSITES INDUSTRY SALES BY COMPANY, 2012

      3. 7.3 Market Share

        $210.00

      4. 7.4 Mergers & Acquisitions

        $159.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      5. 7.5 Marketing Strategies

        $82.00

      6. 7.6 Channels of Distribution

        $102.00

      7. 7.7 Research & Development

        $109.00

      8. 7.8 Competitive Strategies

        $82.00

      9. 7.9 Cooperative Agreements

        $106.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      10. 7.10 Company Profiles

        $5,132.00

        1. 7.10.1 AGY Holding Corporation

          $182.00

        2. 7.10.2 AOC LLC

          $82.00

        3. 7.10.3 Ashland Incorporated

          $138.00

        4. 7.10.4 BASF SE

          $193.00

        5. 7.10.5 Berkshire Hathaway Incorporated

          $109.00

        6. 7.10.6 Celanese Corporation

          $216.00

        7. 7.10.7 Citadel Plastics Holdings Incorporated

          $147.00

        8. 7.10.8 Core Molding Technologies Incorporated

          $90.00

        9. 7.10.9 Crane Company

          $194.00

        10. 7.10.10 Cytec Industries Incorporated

          $228.00

        11. 7.10.11 DuPont (EI) de Nemours

          $201.00

        12. 7.10.12 Ferro Corporation

          $82.00

        13. 7.10.13 General Electric Company

          $82.00

        14. 7.10.14 Hanwha Group

          $107.00

        15. 7.10.15 Hexcel Corporation

          $161.00

        16. 7.10.16 Huntsman Corporation

          $82.00

        17. 7.10.17 Interplastic Corporation

          $82.00

        18. 7.10.18 LM Wind Power Group

          $82.00

        19. 7.10.19 Momentive Performance Materials Holdings LLC

          $172.00

        20. 7.10.20 National Oilwell Varco Incorporated

          $191.00

        21. 7.10.21 Owens Corning

          $191.00

        22. 7.10.22 Plasan Carbon Composites Incorporated

          $82.00

        23. 7.10.23 PolyOne Corporation

          $175.00

        24. 7.10.24 PPG Industries Incorporated

          $147.00

        25. 7.10.25 Premix Incorporated

          $163.00

        26. 7.10.26 Reichhold Incorporated

          $82.00

        27. 7.10.27 Rogers Corporation

          $82.00

        28. 7.10.28 Royal DSM NV

          $179.00

        29. 7.10.29 Royal Ten Cate NV

          $245.00

        30. 7.10.30 RTP Company

          $120.00

        31. 7.10.31 Saudi Basic Industries Corporation

          $171.00

        32. 7.10.32 Schulman (A.) Incorporated

          $136.00

        33. 7.10.33 Strongwell Corporation

          $168.00

        34. 7.10.34 Teijin Limited

          $252.00

        35. 7.10.35 Toray Industries Incorporated

          $158.00

        36. 7.10.36 Total SA

          $114.00

        37. 7.10.37 TPI Composites Incorporated

          $82.00

        38. 7.10.38 Zoltek Companies Incorporated

          $112.00

      11. 7.11 Other Companies Mentioned in the Study

        $82.00

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