Asia Pacific Reinforced Plastics Market Size & Outlook
Asia Pacific reinforced plastics market highlights
- The Asia Pacific reinforced plastics market generated a revenue of USD 89,380.6 million in 2023.
- The market is expected to grow at a CAGR of 3.2% from 2024 to 2030.
- In terms of segment, carbon fiber was the largest revenue generating fiber type in 2023.
- Carbon Fiber is the most lucrative fiber type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 89,380.6 million |
| Market revenue in 2030 | USD 111,147.2 million |
| Growth rate | 3.2% (CAGR from 2024 to 2030) |
| Largest segment | Carbon fiber |
| Fastest growing segment | Carbon Fiber |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Fiber |
| Key market players worldwide | Toray Industries Inc, Basf SE, Rezplast Manufacturing, Binani Industries, Taishan Fiberglass, Haysite Reinforced Plastics, Reinforced Plastic Industries, SGL Carbon SE, Teijin Ltd, Solvay SA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 34.6% of the global reinforced plastics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 111,147.2 million by 2030.
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Reinforced Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Reinforced Plastic Industries | View profile | - | Bengaluru, Karnataka, India, Asia | http://www.reinplast.in |
| Haysite Reinforced Plastics | View profile | 101-250 | Erie, Pennsylvania, United States, North America | http://haysite.com |
| Taishan Fiberglass | View profile | 5001-10000 | Taian, Shandong, China, Asia | https://www.ctgf.com |
| Binani Industries | View profile | 101-250 | Mumbai, Maharashtra, India, Asia | http://binaniindustries.com |
| Rezplast Manufacturing | View profile | 1-10 | Sudbury, Ontario, Canada, North America | https://www.rezplastmfg.com |
| SGL Carbon SE | View profile | 4753 | Sohnleinstrasse 8, Wiesbaden, Germany, 65201 | https://www.sglcarbon.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Toray Industries Inc | View profile | 48682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | http://www.toray.co.jp |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Asia Pacific reinforced plastics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to reinforced plastics market will help companies and investors design strategic landscapes.
Carbon fiber was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Asia Pacific reinforced plastics market based on carbon fiber covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of reinforced plastics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific reinforced plastics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific reinforced plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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