Elmer Keiser Bolton
When Wallace Carothers arrived at DuPont in 1928 one of the tasks his group took on was the development of new synthetic fibers for textiles. At that time a number of natural polymers such as latex and cellulose were in common use, rayon as a semisynthetic from nitrated cellulose had recently been improved and begun upending the textile industries, and some fully synthetic polymers such as bakelite were also known and being used for certain applications, but the existing fully synthetic polymers could not be drawn into fibers and spun into thread, so great opportunity existed to manufacture thread and yarn from synthetic polymers to join or replace the existing fibers in the market (natural fibers such as cotton, wool, linen, and silk and artificial fiber in the various recently emerged types of rayon).
Fibre-reinforced plastic
Bakelite was the first fibre-reinforced plastic. Leo Baekeland had originally set out to find a replacement for shellac (made from the excretion of lac beetles). Chemists had begun to recognize that many natural resins and fibres were polymers, and Baekeland investigated the reactions of phenol and formaldehyde. He first produced a soluble phenol-formaldehyde shellac called "Novolak" that never became a market success, then turned to developing a binder for asbestos which, at that time, was moulded with rubber. By controlling the pressure and temperature applied to phenol and formaldehyde, he found in 1905 he could produce his dreamed-of hard mouldable material (the world's first synthetic plastic): bakelite. 
He announced his invention at a meeting of the American Chemical Society on February 5, 1909.