The global market of reinforced plastic acquired a valuation worth USD 12.6 billion in 2023, with a probability to achieve USD 21.82 billion by 2031, which is a compound annual growth of 8.16% from 2024 to 2031. Consumers and businesses are rapidly adopting new solutions and technologies within the market. The reinforced plastics industry is expected to grow at an exponential rate, making it a major point for development and innovation.
Plastic markets are scaling their operations rapidly, increasing their capabilities to align with the rising demand and setting a platform for sustained growth over the coming years.
Emerging Trends in Reinforced Plastics Technology
Reinforced plastics are composed of polymers with aromatic polyamide fibres or carbon added to them. These fibres add compression, strength, electrical strength, and heat tolerance, along with maintaining the lightweight qualities of the plastic.
Certain emerging trends and advances in reinforced plastic technologies include:
- Increase in the efficiency of complex fibre-reinforced plastic manufacturing through technologies such as Automated Tape Laying, Automated Fibre Placement, and in situ consolidation methods. These technologies offer greater scalability and precision, promoting mass production of high-performance reinforced plastic components for aerospace, automotive and industrial applications.
- The durability, versatility, and potential for customisation of reinforced plastics make it extremely popular in sectors looking for durable, lightweight and high-performance materials.
ICERP: Fostering New Trends in Reinforced Plastics Technology
Reinforced plastics are experiencing a surge due to advances in technologies and the development of new fibres, formats, and polymers. These materials are experiencing vast applications in several sectors, such as medical devices, consumer electronics, and automotive.
To explore and learn more about reinforced plastic technology, participate in the ICERP reinforced plastics exhibition, learn about the latest innovations and meet like-minded people to expand business opportunities.