REPORT SCOPE
INTRODUCTION
REASONS FOR DOING THE STUDY
The emergence of new technologies and markets warrants a reappraisal of the reinforced plastics market, often called “composites.” Nanocomposites and long-fiber reinforced thermoplastics are the two most prominent and potentially commercially important examples that have begun to impact this market.
In addition, a review of reinforced plastics is needed with a view towards appropriately segmenting the major components of this market into its resin, technology, and applications components. Fillers and reinforcements need to be carefully defined when it comes to their principal functions and effects on properties of substrate resins since many terms and market estimates used within this industry are not clear cut.
Another important reason for undertaking this report is to assess the current and future scenario of this market in terms of the current financial recession, which has had an enormous impact on two of the largest applications of reinforced plastics, namely construction and automotive.
SCOPE OF THE STUDY
This report covers usage of both thermosets and thermoplastics that use fillers and reinforcements to increase their respective property profiles. Fillers will be differentiated from reinforcements, which in turn, will include both fibrous and non-fibrous variants.
The term “fillers/reinforcements” will be used when generally referring to these materials as in most literature references, mainly because many nontechnical sources often do not distinguish fillers from reinforcements. For the purposes of this report, the following are defined as fillers and not reinforcements: aluminum trihydrate (ATH), barium sulfate, calcium carbonate, and kaolins. Talcs, mica, silicas, and wollastonite are treated as non-fibrous reinforcements. Fibrous reinforcements will include all glass fiber variants, carbon, boron, ceramic, aramid, and stainless steel fibers, and so forth. The major exception will be nanocomposites, which are based on fillers and will be included in the study. There have been quite a few lengthy reports based solely on composites.
A basic premise in distinguishing between a “filler” and a “reinforcement” is whether the primary function of the material is used to enhance property profiles of substrate resins. If the answer is “yes,” then it can be considered a “reinforcement.” This definition is, of course, arbitrary, especially since in many cases mineral “fillers” are used in conjunction with fibrous materials, most notably glass.
Another source of confusion is the constant overlapping of the terms “reinforced plastics” and “composites.” One distinction between these two terms, cited by some within the industry, is that the latter refers to those reinforced resins that can “support a load” or are “structurally reinforced.” This definition is also arbitrary.
Therefore, in this report, the terms “reinforced plastics” and “composites” will be used interchangeably unless specifically designated by suppliers or in the trade literature as one or the other. In other instances, the term “reinforced plastics/composites” will be used.
Current and forecasted quantitative market estimates will be provided for all appropriate thermoset and thermoplastic fiber-reinforced resins by application, along with detailed descriptions of the major types of reinforcements. Fillers will be discussed in detail as well, but will not be considered in the quantitative analysis of reinforced plastics/composites. It should also be pointed out that many compounded resin formulations contain both fillers and reinforcements and many glass fiber reinforced resins contain other fibrous and non-fibrous minerals.
Furthermore, the volumes of product shown in the tables refer only to the estimated weight of the resins and exclude weights of reinforcements. The quantitative information contained in all data tables refers to the North American market, although there will be a great deal of information provided for the global market.
Applications covered will include: automotive; construction/infrastructure including anti-corrosion and panel products; marine markets; aerospace; electronic parts/components; appliances; consumer products (sport and leisure, lawn/garden products, etc.); and a miscellaneous category including the power market, wind energy products, medical, and others.
METHODOLOGY
Both primary and secondary research methodologies were used in preparing this study. A comprehensive review and analysis was undertaken of literature related to this industry, which is known by several names (e.g., reinforced plastics, composites, etc.). This analysis included resins, applications, markets, technology, producers and suppliers, trade named products, new developments, environmental issues, and so forth. Follow up calls were made to key contacts within the industry to clarify and/or expand on key issues pertinent to the reinforced plastics/composites industry.
ABOUT THE AUTHOR
Research analyst Mel Schlechter has more than 40 years of experience in the chemical industry and specializes in plastics market research. He has been with BCC Research for more than a decade and holds a B.S. in chemistry, M.S. in organic chemistry, and a M.B.A. in marketing.
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DISCLAIMER
The information developed in this report is intended to be as reliable as possible at the time of publication and of a professional nature. This information does not constitute managerial, legal, or accounting advice; nor should it serve as a corporate policy guide, laboratory manual, or an endorsement of any product, as much of the information is speculative in nature. The author assumes no responsibility for any loss or damage that might result from reliance on the reported information or from its use.
