A number of factors will influence the shape and direction of the worldwide composites
marketplace in 2008 and beyond. Which segmented markets and specific applications
will grow rapidly from 2008 - 2013? Which regions will grow faster and at what rate
over the next 5 years? What are the latest trends in raw materials pricing? What
challenges will be faced by OEMs, molders and material suppliers in 2008 and beyond?
Is your company prepared to capitalize on this growth?
Read below to receive answers on the $20 billion composite materials industry’s
key questions, and find out what Lucintel expects in 2008 & beyond for the broad
composites industry.
With the exception of the wind energy, pipe and tank and aerospace markets, all
of the major market segments (i.e., transportation, construction, pipe and tank,
marine, consumer, electrical and electronics) had weak demand in 2007 according
to a new market study “Global Composites Market 2008 – 2013: Opportunities,
Markets & Technologies” to be released this week by Lucintel.
While the global composite market showed moderate growth, the North American market
was negatively affected by slowed demand for composites in housing, transportation,
marine and electrical markets. The Asian composites market has been a bright spot
for the last 5 years. Over that time, significant infrastructure and economic expansion
in China and India have driven the Asian composites market growth.
This in-depth report analyzes the status of the composites industry at the end
of 2007 and provides Lucintel's annual Industry Outlook for 2008 and beyond for
the major sectors of the composites industry:
- Transportation
- Marine
- Construction
- Pipe and Tank
- Electrical and Electronics
- Consumer Goods
- Wind Energy
- Aerospace
Each industry's outlook is determined by its own internal rhythms and by changes
in the overall economy. Although overall economic growth in 2008 will roughly mirror
2007, there will be significant change in growth rates in various market segments.
Moreover, a shakeup in the ranks is imminent, separating those gaining and losing
share in the composites market space.
Lucintel expects rapid growth of CFRP (carbon fiber reinforced plastics) compared
to GFRP (glass fiber reinforced plastics) products in future. In last 15 years,
the market for GFRP grew by 50%, while market for carbon fiber composite products
grew by about 250%. A similar trend is expected in future, with CFRP product growth
outpacing GFRP.
This 430-page research report identifies growth applications, emerging materials,
mergers and acquisitions, regional market analysis, trends and forecasts, enabling
you to make confident business decisions in this globally competitive marketplace.
What market intelligence are you using to drive your company’s focus for 2008
and beyond?
“Global Composites Market 2008 - 2013: Opportunities, Markets & Technologies”
can help clarify your vision of the future. For detailed table of contents and pricing
information on this timely and insightful report, please contact helpdesk at
972-636-5056 or via email at helpdesk@lucintel.com.
We look forward to partnering with you in the near future.