Global composite market to be worth $66,7billion in 2013

Tuesday 5 November 2013, Amsterdam

This new analysis indicates that the global composite market will be worth $66.7 Billion in 2013, and will be driven by growth in the both emerging and developed markets, in addition to a number of favourable design and technological advances made by end-use sectors.

The global composite market growth over 2013-2023 will be driven by nations seeking to reduce fuel expenditure in both ground vehicles and aircraft, as well as diversify energy production portfolios.

The author of The Composites Market 2013-2023: Glass Fibre (GFRP), Carbon Fibre (CFRP) & Aramid Fibre (AFRP) report commented that ‘forecasts that the innovations by both composite producers and composite consumer will result in healthy growth for the composite market. The recovering global economy and technological innovations are lifting the sectors that account for the majority of composite consumption; Transportation, Aviation and Energy.

Increasing fuel costs and price volatility has resulted in significant consumer demand and/or government intervention towards vehicles that offer increased fuel efficiency. This has provided the incentive for automobile to reduce the weight of their vehicles. and aerospace manufacturers to reduce the weight of their aircraft.

The 126 page report contains 127 tables, charts and graphs that add visual analysis in order to explain developing trends within the composite market. This study provides forecasts for the global composite market over 2013-2023. 6 submarkets are analysed and forecasted and these are Automotive, Aviation, Energy, Sporting Goods, Consumer Goods and Other. In addition, 15 leading national composite markets are forecast and analysed over the period 2013-2023. The analysis and forecasting has been informed by consultation with industry experts and an interview from Michelman is included within the report. The report also provides profiles of 10 leading companies operating within the market, as well as details of significant M&A and Joint Venture activities within the composite sector.

The Composites Market 2013-2023: Glass Fibre (GFRP), Carbon Fibre (CFRP) & Aramid Fibre (AFRP) report will be of value to current and future potential investors into the composite industry, as well as companies and research centres who wish to broaden their knowledge of the composite market.