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A reinforced plastic sheet is made of robust plastic film covered with tear-proof inner scrim building. It posses fire protection, hazardous chemicals resistance, and superior strength. These are versatile and lightweight plastic panels made of durable polyester resin, improved by the combining of two or more different materials. They can form into a thin film. Three of the main reinforced plastic sheeting are: polyethylene, the most commonly found film made from one of the low density polyethylene types, high density polyethylene, and a medium density polyethylene
Manufacturing companies of automotive and OEMs are progressing technology and switching their necessity innovative materials to decrease vehicle weight , improve fuel effectiveness and deliver carbon emission control. The trend towards FRP sheets and panels provides many advantages in terms of strength and weight over traditional steel and injection moulded automotive components. However, the existence of replacement products such as aluminum, TPUs, engineered plastics, TPOs and other metal alloys can prove to be a barrier to product market development.
Key Market Driver -
The growing demand for applications in automobile industry is expected to boost the demand for the market
Key Market Restraint -
Availability of substitute products act as the major restraining factors for reinforced plastic sheeting market.
Based on type, the market for reinforced plastic sheeting is segmented into PE reinforced plastic sheeting and fiberglass reinforced plastic sheeting. On the basis of application, the market is classified into building and construction, automotive and aerospace, transportation, electronics and electrical, consumer products, others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The reinforced plastic sheeting market is fairly fragmented, with number of players operating in the global markets. Some of the key players in the Reinforced Plastic Sheeting market includes Glasteel, Inc., U.S. Liner Company, Crane Composites Inc., Optiplan GmbH, Brianza Plastica S.p.A., LAMILUX, Heinrich Strunz Group, Polser Fiberglass Reinforced Plastics Inc., Panolam Industries International Inc. and others
The reinforced plastic sheeting market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to be the largest reinforced plastic sheeting market due to increased production of recreational vehicles and trucks & trailers, and increased demand for robust process lightweight items. The U.S. is the largest supplier to the FRP panels and sheets industry in North America. Many of the big producers have their headquarters and primary manufacturers in the US. It is expected that Asia Pacific will rise at a phenomenal rate in the reinforced plastic sheeting due to increased per capita income and increased investment in infrastructure in emerging economies like China , India and Malaysia. In addition, the involvement of major car manufacturers is rising the market for FRP products in the region for vehicle weight reduction and fuel efficiency improvements. Since these improved materials can be changed to meet design specifications. This will accelerate the scale of the reinforced plastic sheeting market in Europe over the expected timespan. Developing economies, such as the Middle East and Africa, are anticipated to widen significantly over the forecast period due to strict government regulations on fuel economy and vehicle safety which are expected to drive the product demand for lightweight vehicles. Latin America is experiencing slow growth because of the existence of alternatives obstacle in the growth of the product market.
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