Although the global composites industry has experienced moderate growth over the
last five years, it is anticipated to gain momentum, reaching approximately $6 billion
in the fourth quarter of 2012 with a CAGR of 6% over the next six quarters.
Lucintel, a leading global management consulting and market research firm, has analyzed
the global composites industry and presents its findings in “Global Composites Quarterly
Market Analysis Q4 2009–Q4 2012: Market Trends, Profit Outlook, and Forecasts.”
The global composites industry is extremely fragmented, comprising raw material
suppliers, compound makers, molders, fabricators, and composite materials end users.
Lucintel’s study indicates that the Asia Pacific region is driving the global composites
industry both in production and consumption volumes. In addition, many types of
composite materials are increasing in market penetration across various segments
in the region. Wind energy, aerospace, and transportation markets all are projected
to thrive in APAC due to Chinese and Indian government initiatives in support of
those industries. China is expected to drive the composites market and will represent
more than half of the market for new wind turbines in the near future.
Lucintel’s research further reveals that composite materials demand in the aerospace
sector is expected to yield the strongest growth rate. APAC and North America are
projected to drive the future growth of composite materials until 2016; Europe is
expected to grow moderately in all applications, with aerospace being a stronger
segment. Population growth, new infrastructural projects, urbanization, increase
in the middle class population, and the green movement are anticipated to be growth
drivers for the industry.
The Global Composites Quarterly analysis by Lucintel provides a concise overview
of the global composites market. The report tracks eight market segments for four
regions – 32 segments of the global composites market. The scope of this study is
limited to annual trends for past five years and forecasts for next five years –
helping executives plan for their inventory and resources.
For a detailed table of contents and pricing information on these timely, insightful
reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision
support services that facilitate critical decisions with greater speed, insight,
and cost efficiency. To learn more, visit www.lucintel.com.