The global reinforced plastic composite market to grow

12-May-16

Growing demand is estimated for global composites - resins, fillers, reinforcements, natural fibers & nanocomposites. The global reinforced plastic composite market will grow from 14.8 bln lbs in 2015 to roughly 17.6 bln lbs by 2020, a compound annual growth rate (CAGR) of 3.5% for the period of 2015-2020, as per BCC Research. Construction is the largest segment of the overall global market and should reach approximately 3.5 bln lbs in 2015 and nearly 4.2 bln lbs by 2020, a CAGR of 3.5%. Automotive is expected to increase from nearly 3.2 bln lbs in 2015 to nearly 3.9 bln lbs in 2020, with a CAGR of 3.6%.