Reinforcement Materials Market Size 2022-2027, Share, Industry Report, Trends and Forecast
The latest research study “ Reinforcement Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” by IMARC Group, finds that the global reinforcement materials market reached a value of US$ 18.64 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 28.6 Billion by 2027 exhibiting a CAGR of 7.10% during 2022-2027. Reinforcement materials are added to the matrix to enhance the mechanical and physical properties of the final compound product. They are strong, stiff, rigid, and available in the forms of fibers, flakes, fillers, and particulates. Reinforcement materials are used in aircraft parts, fishing rods, storage tanks, etc., on account of their high corrosion resistance and low cost. They also assist in manufacturing paints, electronics, coatings, industrial items, etc. As a result, reinforcement materials find widespread applications across various sectors, such as construction, transportation, ...