Global reinforced plastics market is growing in four years

Global reinforced plastics market to reach US$15.82 billion in four years

According to a new report, the global reinforced plastics market stood at US$8.42 billion in 2012 and is now expected to reach by the end of 2019, growing at a CAGR of 7.6% from 2013 to 2019.

The new report by Transparency Market Research, says that, geographically, North America dominated the global reinforced plastics market in 2012. The region accounted for 35% of the global reinforced plastics market due to high demand from the construction and building industry.

The report also estimates that by 2019, Europe is expected to witness high growth in this market due to stringent regulations to reduce CO2 emissions in vehicles. By 2019, growth in the reinforced plastics market will also be seen in Asia-Pacific and reach US$4.73 billion.
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