Freedonia: Increase of US Reinforced Plastics Demand
Reinforced plastics demand is projected to increase 2.8% annually to 4.2 billion pounds in 2011, valued at USD 8.1 billion. This will create a market for 2.8 billion pounds of resin and 1.4 billion pounds of reinforcements. Material substitution will remain the driving force behind advances. Higher performance requirements, combined with resin, reinforcement and processing improvements, will broaden applications and enhance competitiveness with steel and aluminum. Thermoset resins, primarily unsaturated polyester, will continue to account for over 60% of all reinforced plastics in 2011. Faster growth, however, is anticipated for thermoplastics due to their better aesthetics and easier processing. These and other trends are presented in “Reinforced Plastics”, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.
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