Vietnam reinforcement materials market generated $49,453 thousand in 2017 and is expected to grow at a CAGR of 7.9% to reach $84,478 thousand by 2024.Reinforcement materials are essential for the formation of fiber-based composites. Reinforcement materials are essential for forming composites as they provide rigidity and structural strength to the composites. Superior properties of composites such as, lighter weight as compared to individual components, increased use in the automotive as well as aerospace & defense sectors, and growth in consumption in the construction industry drive the reinforcement materials industry. However, the high production cost of reinforcement materials may hamper the growth of the market. Technological developments in production processes are expected to result in superior sustainability and improvement in performance efficiency, creating numerous growth opportunities for market players.
Major Key Players of the Vietnam Reinforcement Materials Market are:Vietnam Steel Corporation, vibuma, Central Glass Co., Ltd., Lanxess AG, International Standards Trading Vietnam Co. ltd., Posco SS-Vina, Co. Ltd., and QH Plus Corporation.
Read More @ https://www.openpr.com/news/2058276/vietnam-reinforcement-materials-market-detailed-insights
Major Key Players of the Vietnam Reinforcement Materials Market are:Vietnam Steel Corporation, vibuma, Central Glass Co., Ltd., Lanxess AG, International Standards Trading Vietnam Co. ltd., Posco SS-Vina, Co. Ltd., and QH Plus Corporation.
Read More @ https://www.openpr.com/news/2058276/vietnam-reinforcement-materials-market-detailed-insights
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