Dallas, TX – February 28 --- The
Global Composites marketplace,
after an extremely challenging 2009,
rebounded in several segments and multiple
geographies with an annual growth rate of
10.3%. Global composite materials market
(fibers, resins, etc.) is expected to reach
$19 Billion in 2011.
There were dramatic changes
in the composites market in 2009 & 2010.
Prominent segments such as
construction
automotive
and
marine
rebounded with double-digit growth due to
economic recovery in most regions. However,
the
wind energy
segment declined in 2010 in North America,
faced with low natural gas
prices, difficult credit availability
especially with the bankruptcy of Lehman, a
stagnant market for electrical energy and a
lack of required short term targets for
renewable energy.
Lucintel, a leading global
management consulting
and
market research
firm, has analyzed the global composites
industry to develop a comprehensive research
report entitled "Growth
Opportunities in the Global Composites
Industry 2011-2016
As per the study, BRIC
(Brazil, Russia, India and China) nations
are emerging as the largest regional
composites market. Rapid infrastructure and
economic growth are driving the growth of
the BRIC nations’ composites market.
This new in-depth report
analyzes the status and future perspective
of the composites industry at the end of
2010 and provides annual industry outlook
for 2011. The report also addresses outlook
for the next 5 years for the 8 major sectors
of the composites industry and for 4
regions, thus tracking 32 sectors of the
global composites industry. Key segments
include transportation, marine, wind energy,
aerospace,
pipe and tank, construction, E&E, and
consumer goods
for each of four regions, North America,
Europe, APAC and ROW. Each industry's
outlook is determined by its own internal
dynamics, by changes in the overall economy
and relative adoption rates of composites.
Lucintel is of the view that
several market segments will continue to
grow in 2011 as economic recovery fully
takes effect and a growth of 5.9% is
expected in 2011. The report provides the
reader with Lucintel’s forecast for the 32
segments, supported by an analysis of the
industry’s trends, key drivers and
challenges.
For a detailed table of
contents and pricing information on this
timely and insightful report, please contact
as below. To find out more, please visit
http://www.lucintel.com.
Contact:
Roy Almaguer, +1-972-636-5056 or via email
at
helpdesk@lucintel.com.