According to a new report published by Allied Market Research, titled, Vietnam Reinforcement Materials Market, by Material Type and End User: Opportunity Analysis and Industry Forecast, 2018-2024," 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.
Increase in use of reinforcement materials in construction and automotive industries played a major role in the growth of the reinforcement materials market. Furthermore, rise in urbanization and growing economies in Vietnam are expected to boost the demand for these reinforcement materials in the coming years.
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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 players.
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.
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Key Findings of the Vietnam Reinforcement Materials Market:
- This report provides an extensive analysis of the current trends and forecasts estimations and dynamics in the reinforcement materials industry in Vietnam.
- Comprehensive analysis of factors that drive and restrain the growth of the Vietnam reinforcement materials market share is provided in the report.
- It offers a quantitative analysis from 2017 to 2024, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
Based on the major end user, Vietnam reinforcement materials market is segmented into
construction and others. Construction further categorized as residential, infrastructure and
industrial. It is estimated that, construction segment will show fastest market growth in Vietnam owning to rapid increase in industrialization and urbanization, resulting in rising need for more housing and commercial buildings. In addition, growing number of foreign direct investment, lower cost of products and lower labor cost further drive the market growth in Vietnam.
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9th October, 2018 - Tire Reinforcement Materials Market is expected to witness increase in demand over the forecasted period owing to increasing demand of Automobiles and two wheelers in different part of world.
Tire reinforcement industry is expected to witness growth owing to increasing demand for advance products in airline industry.
The tires manufactured by different companies by using tire reinforcement materials have to make their end product for end user to be very efficient owing to fact that tires of any automotive vehicles helps in achieving desired fuel efficiency.
All the companies in tire reinforcement industry are expected to follow four strategic initiatives over the forecasted period that are as follows, growth, Empowered global team, innovation and operational excellence.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/tire-reinforcement-materials-market/request-sampleGrowth of the company in terms of volume and revenue should be there.
A company should always strive for perennial improvement in its technology so that best in class productivity and reduce operational cost could be achieved.
With increasing end user demand to have the highly efficient product a company should try getting innovating solution for their respective customer problem.The major drivers of tire reinforcement materials market over the forecasted period is increasing demand of eco friendly tires.
The Global Aramid Fiber Reinforcement Materials Market size valued to USD 3.73 billion in 2019, shall garner USD 7.83 billion by 2030, with a growing CAGR of 6.7% from 2020-2030.Aramid fiber reinforced materials are a class of heat-resistant and strong synthetic fibers made of a polymer matrix reinforced with aramid fibers; having an extremely high melting point of more than 500 °C.
Due to its characteristics like high temperature resistance, high elastic modulus, high abrasion resistance and high tensile strength, it holds wide applications in end-users like aerospace & defense, automotive, consumer goods, marine, and others.
In the defense sector it is majorly used to make body armor fabrics or bullet-proof vests and other ballistic composites.Access Full Description of this report at:-https://www.nextmsc.com/report/aramid-fiber-reinforcement-materials-market Top Companies: E. I. du Pont de Nemours and Company, Teijin Ltd., Kolon Industries, Inc., Honeywell International Inc., SRO Aramid (Jiangsu) Co., Ltd., Hyosung Corporation, Toray Industries, Inc., Yantai Tayho Advanced materials Co., Ltd., Ibiden Co., Ltd. and others.The global aramid fiber reinforcement materials market share analysis is based on type, end use industry, and geography.
Based on type, the market is segmented into Para-Aramid Fibers, Meta-Aramid Fibers, and Others.
Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Asia-Pacific, Europe, and RoW.Request sample copy of this report at:-https://www.nextmsc.com/aramid-fiber-reinforcement-materials-market/request-sampleNorth America has dominated the global aramid fiber reinforcement materials market in the past, and is expected to maintain its dominance throughout the forecast period, holding the highest market share.
This is attributed to factors such as stringent regulations pertaining to the security and protection measures, growing number of refurbishing activities, presence of key market players in this region as well as growing demand of these materials from the transportation and protective clothing sector.
UpMarketResearch offers a latest published report on “Global Natural Fiber Reinforcement Materials Market Industry Analysis and Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report.
It presents a comparative detailed analysis of all the regional and major player segments, offering readers a better knowledge of areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the global market.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The statistics are represented in graphical format for a clear understanding on facts and figures.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
The major manufacturers covered in this report are:Agrofiber SasBast Fiber Llc.Greene Natural Fibers Llc.Procotex CorporationHempflax BvSaneco S.A.Hempline Inc.Schweitzer-Mauduit International, Inc.Kenaf Industries Of South TexasNfc Fibers Gmbh For any queries or more information, visit: https://www.upmarketresearch.com/home/enquiry_before_buying/8414 Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering:United StatesEuropeChinaJapanOther Regions On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:HempFlaxKenafJuteOthers By Application, the market can be split into:TransportationBuilding & ConstructionConsumer GoodsOthers The Report covers in-depth analysis as follows:Chapter 1 Study CoverageChapter 2 Executive SummaryChapter 3 Market Size by ManufacturersChapter 4 Natural Fiber Reinforcement Materials Production by RegionsChapter 5 Natural Fiber Reinforcement Materials Consumption by RegionsChapter 6 Market Size by TypeChapter 7 Market Size by ApplicationChapter 8 Manufacturers ProfilesChapter 9 Production ForecastsChapter 10 Consumption ForecastChapter 11 Upstream, Industry Chain and Downstream Customers AnalysisChapter 12 Opportunities & Challenges, Threat and Affecting FactorsChapter 13 Key FindingsChapter 14 Appendix Buy this report @: https://www.upmarketresearch.com/buy/natural-fiber-reinforcement-materials-market “Global Natural Fiber Reinforcement Materials Market Industry Analysis and Forecast 2018-2025” report helps the clients to take business decisions and to understand strategies of major players in the industry.
