REINFORCEMENT MATERIAL MARKET ANALYSIS

Market News

Key Developments

1. Major companies in the global market are adopting various business strategies such partnership and collaboration, in order to expand their market presence. For instance, in Teijin Limited, a Japanese automotive composites specialty company, and Continental Structural Plastics Holdings Corporation launched extra-light automotive side-door module. The module is made from carbon fiber sheet molded compound (SMC), unidirectional glass reinforced plastics, glass fiber SMC.
2. Key players in the market are focused on various growth strategies such as marketing, in order to gain competitive edge in the market. For instance, in March 2018, Owens Corning, a global producer of glass fiber reinforcements, participated in JEC World 2018 and showcased its products namely composites made of glass fiber reinforcement at ‘Make Things Impossible’ event.
3. Key companies in the market are involved in various growth strategies such as new product launches, in order to enhance their product portfolio. For instance, in July 2018, HighFlow Industries, launched HighFlow wind reinforcement fabrics for blade manufacturing. According to the company, it is made up of high-performance reinforcement fabrics.