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Fiber-Reinforced Plastic Composites


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Fiber-Reinforced Plastic Composites

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.

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  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table FIBER-REINFORCED PLASTIC COMPOSITES DEMAND BY TYPE & MARKET (million pounds)
  • MARKET ENVIRONMENT
    • General
    • Macroeconomic Outlook
      • Table MACROECONOMIC INDICATORS (billion 2005 dollars)
    • Demographic Trends
      • Table POPULATION & HOUSEHOLDS (million persons)
    • Consumer Income & Spending
      • Table PERSONAL CONSUMPTION EXPENDITURES (billion 2005 dollars)
    • Construction Outlook
      • Table CONSTRUCTION EXPENDITURES (billion 2005 dollars)
      • Residential Construction
        • Table RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion 2005 dollars)
      • Nonresidential Building Construction
        • Table NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion 2005 dollars)
      • Nonbuilding Construction
        • Table NONBUILDING CONSTRUCTION EXPENDITURES (billion 2005 dollars)
    • Manufacturing Outlook
      • Table MANUFACTURERS' SHIPMENTS (billion 2005 dollars)
    • Motor Vehicle Outlook
      • Table MOTOR VEHICLE PRODUCTION & SALES (thousand units)
    • Electrical & Electronic Equipment Outlook
      • Table ELECTRICAL & ELECTRONIC EQUIPMENT SHIPMENTS (billion dollars)
    • Recreational Boating Outlook
      • Table RECREATIONAL BOAT SHIPMENTS (thousand units)
    • Plastic Resin Outlook
      • Table PLASTIC RESIN SUPPLY & DEMAND (million pounds)
    • Competitive Materials
    • Processing Methods
    • Pricing Trends
      • Table FIBER-REINFORCED PLASTIC COMPOSITES PRICING (dollars per pound)
    • Regulatory Factors
    • Recycling
    • International Activity
  • FIBERS
    • General
      • Table FIBER MATERIALS DEMAND IN COMPOSITES (million pounds)
    • Glass Fibers
      • Table GLASS FIBERS DEMAND IN COMPOSITES (million pounds)
    • Carbon & Other Fibers
      • Table CARBON & OTHER FIBERS DEMAND IN COMPOSITES BY TYPE (million pounds)
      • Carbon Fibers
      • Aramid Fibers
      • All Other
  • PRODUCTS
    • General
      • Table FIBER-REINFORCED PLASTIC COMPOSITES DEMAND BY TYPE (million pounds)
    • Thermoset Composites
      • Table THERMOSET COMPOSITES DEMAND BY RESIN (million pounds)
      • Polyester
        • Table THERMOSET POLYESTER COMPOSITES DEMAND BY MARKET (million pounds)
      • Epoxy
        • Table EPOXY COMPOSITES DEMAND BY MARKET (million pounds)
      • Other Thermoset Composites
        • Table OTHER THERMOSET COMPOSITES DEMAND BY MARKET (million pounds)
    • Thermoplastic Composites
      • Table THERMOPLASTIC COMPOSITES DEMAND BY RESIN (million pounds)
      • Nylon
        • Table NYLON COMPOSITES DEMAND BY MARKET (million pounds)
      • Thermoplastic Polyester
        • Table THERMOPLASTIC POLYESTER COMPOSITES DEMAND BY MARKET (million pounds)
      • Polypropylene
        • Table POLYPROPYLENE COMPOSITES DEMAND BY MARKET (million pounds)
      • Styrenics
        • Table STYRENIC COMPOSITES DEMAND BY MARKET (million pounds)
      • Polycarbonate
        • Table POLYCARBONATE COMPOSITES DEMAND BY MARKET (million pounds)
      • Other Thermoplastic Composites
        • Table OTHER THERMOPLASTIC COMPOSITES DEMAND BY MARKET (million pounds)
  • MARKETS
    • General
      • Table FIBER-REINFORCED PLASTIC COMPOSITES DEMAND BY MARKET (million pounds)
    • Motor Vehicles
      • Resins
        • Table MOTOR VEHICLE MARKET FOR FIBER-REINFORCED PLASTIC COMPOSITES BY RESIN (million pounds)
      • Demand by Application & Vehicle Type
        • Table MOTOR VEHICLE MARKET FOR FIBER-REINFORCED PLASTIC COMPOSITES BY APPLICATION & VEHICLE TYPE (million pounds)
    • Construction
      • Resins
        • Table CONSTRUCTION MARKET FOR FIBER-REINFORCED PLASTIC COMPOSITES BY RESIN (million pounds)
      • Applications
        • Table CONSTRUCTION MARKET FOR FIBER-REINFORCED PLASTIC COMPOSITES BY APPLICATION (million pounds)
        • Table BATHROOM COMPONENTS: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)
        • Table GENERAL CONSTRUCTION: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)
        • Table PIPE: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)
        • Table PANELS: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)
        • Table TANKS & OTHER: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)
    • Electrical & Electronics
      • Resins
        • Table ELECTRICAL & ELECTRONICS MARKET FOR FIBER-REINFORCED PLASTIC COMPOSITES BY RESIN (million pounds)
      • Applications
        • Table ELECTRICAL & ELECTRONICS MARKET FOR FIBER-REINFORCED PLASTIC COMPOSITES BY APPLICATION (million pounds)
        • Table ELECTRICAL & ENERGY: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)
        • Table COMPUTER & ELECTRONICS: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)
    • Consumer Durables
      • Resins
        • Table CONSUMER DURABLES MARKET FOR FIBER-REINFORCED PLASTIC COMPOSITES BY RESIN (million pounds)
      • Applications
        • Table CONSUMER DURABLES MARKET FOR FIBER-REINFORCED PLASTIC COMPOSITES BY APPLICATION (million pounds)
        • Table APPLIANCES: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)
        • Table OTHER CONSUMER DURABLES: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)
    • Marine
      • Table MARINE MARKET: FIBER-REINFORCED PLASTIC COMPOSITES DEMAND (million pounds)
    • Other Markets
      • Resins
        • Table OTHER MARKETS FOR FIBER-REINFORCED PLASTIC COMPOSITES BY RESIN (million pounds)
      • Applications
        • Table OTHER MARKETS FOR FIBER-REINFORCED PLASTIC COMPOSITES BY APPLICATION (million pounds)
  • INDUSTRY STRUCTURE
    • General
    • Industry Composition
      • Table US FIBER-REINFORCED PLASTIC COMPOSITES INDUSTRY SALES BY COMPANY, 2012
    • Market Share
    • Mergers & Acquisitions
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Marketing Strategies
    • Channels of Distribution
    • Research & Development
    • Competitive Strategies
    • Cooperative Agreements
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Company Profiles
      • AGY Holding Corporation
      • AOC LLC
      • Ashland Incorporated
      • BASF SE
      • Berkshire Hathaway Incorporated
      • Celanese Corporation
      • Citadel Plastics Holdings Incorporated
      • Core Molding Technologies Incorporated
      • Crane Company
      • Cytec Industries Incorporated
      • DuPont (EI) de Nemours
      • Ferro Corporation
      • General Electric Company
      • Hanwha Group
      • Hexcel Corporation
      • Huntsman Corporation
      • Interplastic Corporation
      • LM Wind Power Group
      • Momentive Performance Materials Holdings LLC
      • National Oilwell Varco Incorporated
      • Owens Corning
      • Plasan Carbon Composites Incorporated
      • PolyOne Corporation
      • PPG Industries Incorporated
      • Premix Incorporated
      • Reichhold Incorporated
      • Rogers Corporation
      • Royal DSM NV
      • Royal Ten Cate NV
      • RTP Company
      • Saudi Basic Industries Corporation
      • Schulman (A.) Incorporated
      • Strongwell Corporation
      • Teijin Limited
      • Toray Industries Incorporated
      • Total SA
      • TPI Composites Incorporated
      • Zoltek Companies Incorporated
    • Other Companies Mentioned in the Study

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