Due to the rapid growth in the Chinese composites industry in the last 5 years, China has become the second largest market for composites in the world according to this new report titled "Growth Opportunities in the Chinese Composites Market 2006-2011" published by Lucintel According to Lucintel, the Chinese composites industry is slated to grow to 2,290,000 tons (5.04 billion lbs) by 2011. The market for finished composites products is slated to grow to 58 billion RMB (US $7.2 billion) by 2011. China's composites market (lbs) will surpass the US composites volume by 2013 and China would become the largest consumer of composite materials in the world by 2013 according to this report. To illustrate China's rapid growth, China is expected to surpass the United States to become the world's largest exporter in total goods and services in 2007.

With China's 2001 entry to the World Trade Organization (WTO), its various policies to open up international trade, and massive inward investment, major opportunities are being created. No longer focused on labor-intensive basics like toys and shoes, China is moving quickly into world leadership in products for high-tech sectors. China is attracting the attention of foreign investors, lured by what they see as a largely untapped market and a low manufacturing cost base. Many multi-national companies are heavily investing in China to capture various growth opportunities. For example, Dutch Akzo Nobel will invest about US$150 million in China in the next five years to produce more coatings for local markets. Ticona polymers announced plans in 2006 for two new plastics plants in China, one for Celstran long fiber reinforced thermoplastics (LFRT) and one for ultra-high molecular weight polyethylene. The new Celstran LFRT line is scheduled to be running by the third quarter of 2007. General Motors Corp. announced in June 2004 that it intends to invest more than $3 billion in China during the next three years, as it looks to expand every aspect of its business in the fast-growing and highly profitable market.

A lot of changes are happening in the Chinese composites market. The rapid growth in the Chinese composites market is spurred by growth in pipes, tanks, grating, pultrusion, construction, automotive, electrical, and the electronics market. In the last five years the average growth in the overall Chinese composites market was in double digits. This report discusses the most recent developments in the Chinese composites market.

Never before has there been a report addressing the markets, opportunities, materials and technology issues of the Chinese composites market. This unique report from Lucintel will provide you with all the valuable information and tools you may need to operate your business successfully in China or to learn of potential opportunities in China. This report will save you hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in the Chinese composites market. In today's stringent economy, you need every advantage that you can find.

Some of the features of this market report are:

• China Composites Industry profitability analysis (based on Porter's five forces model).
• Strategic implications for material suppliers and part fabricators.
• Composites market size in China in terms of $ and volume shipment.
• Market size for fiberglass and its products such as single end rovings, multi-end rovings, fabrics, mats and more.
• Market size for polyester, epoxy, vinyl ester and other resins.
• Market leaders and their market shares in fiberglass and resin category.
• Market size for various applications such as aerospace and defense, wind blades, pipes, tanks, automotive, rail components, electrical, marine, and others.
• Leading molders and their market shares in various applications.
• Ranking of molders by the amount of composites used.
• Trends (1995-2005) and forecasts (2006-2011) for the composites market in China. Listing of over 50 molders with contact addresses.

 

To get table of contents, pricing and other information on this report titled "Opportunities in Chinese Composites Market 2006-2011", please e-mail Helpdesk@Lucintel.com or call 972-636-5056.