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US REINFORCED PLASTICS DEMAND TO REACH 4.2 BILLION POUNDS IN THE YEAR 2005.

Reinforced plastics demand in the US is projected to increase three percent annually to 4.2 billion pounds in 2005, valued at $6.2 billion. This will create a market for 2.9 billion pounds of resin and 1.3 billion pounds of reinforcements. Gains will result from performance advantages over competitive materials, enabling reinforced plastics to displace wood or metal in a variety of applications. Processing advances will also stimulate demand by increasing the capabilities and versatility of reinforced plastics, thereby broadening market opportunities. Advances in processing will provide advantages such as design flexibility and improved environmental friendliness. The fastest growth is anticipated in the motor vehicle and producer durable equipment markets, based on needs for lighter, higher performing and cost effective materials. These and other trends are presented in Reinforced Plastics, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

Thermoset resins will remain dominant and account for over 60 percent of demand through 2005. Reinforced thermoplastics, however, will exhibit more rapid growth because of needs for higher performing products with enhanced design capabilities. Inroads into nontraditional markets, such as bridge decking and utility poles, will be promoted by heightened performance characteristics brought about by resin improvements. Glass fibers, based on their low cost and good performance, will remain the leading reinforcement material. Demand for carbon and other smaller-volume fibers will expand at a faster pace due to price reductions and greater use in sporting goods, aircraft and other applications which require increased levels of rigidity, strength, heat resistance or electrical properties.

Construction and motor vehicles will remain the leading markets for reinforced plastics through 2005, together accounting for nearly two-thirds of the total. Construction applications will be driven by the lower maintenance and corrosion resistant properties of reinforced products such as pipe, tanks, and shower enclosures and other bathroom components. Gains for construction applications, however, will be inhibited by decelerated growth relative to the 1995-2000 period. Motor vehicle growth will be fueled by broadening applications as a result of needs to reduce vehicular weight and maintenance, and to increase aesthetics and design flexibility. Good opportunities are expected in exterior body uses, under-the-hood parts, instrument panels, seats and structural chassis components. Parts integration is also a driver in the expanded use of reinforced plastics in motor vehicles.
REINFORCED PLASTICS DEMAND

(million pounds)

 % Annual Growth

Item 1995 2000 2005 00/95 05/00

Reinforced Plastics Demand 2977 3598 4180 3.9 3.0
 Construction 954 1226 1433 5.1 3.2
 Motor Vehicles 815 1028 1230 4.8 3.7
 Producer Durable Equipment 391 504 600 5.2 3.5
 Marine 368 335 352 -1.9 1.0
 Other 449 505 565 2.4 2.3

Freedonia Group, Inc. (Cleveland, OH)



Reinforced Plastics (published 4/2001, 267 pages) is available for $3,700 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 646.0484 or e-mail pr@freedoniagroup.com. Information may also be obtained through www.freedoniagroup.com.

Please attribute information from this news release to The Freedonia Group (Cleveland, OH) and include, if possible, the price of the report. We would also appreciate a copy of the article or publication in which we appear.
COPYRIGHT 2001 Subscription: $00.00 per year as of 1/94. Published irregularly. Contact Freedonia Group, 3570 Warrensville Cente
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001 Gale, Cengage Learning. All rights reserved.

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Comment:US REINFORCED PLASTICS DEMAND TO REACH 4.2 BILLION POUNDS IN THE YEAR 2005.
Publication:Research Studies - Freedonia Group
Geographic Code:1USA
Date:May 3, 2001
Words:546
Previous Article:US INDUSTRIAL CONTROLS DEMAND TO REACH MORE THAN $19 BILLION IN 2005.
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