June 22, 2009 - Despite a significant downturn in the U.S. construction
market and a slowdown in wind energy, the economic stimulus package announced by
the Obama administration is likely to fuel growth in markets. Out of $787 billion
of stimulus package, $103 billion worth of ARRA (American Recovery and Relief Act)
investment is likely to affect composites related end markets such as construction,
wind and mass transportation. In terms of composite products such as bath tub, doors,
rebar, and wind blade, Lucintel estimates that the cumulative estimated effect on
the composites market is likely to surpass $1,460 million.
Lucintel, a leading global market research and management consulting firm with over
1000 clients worldwide, has analyzed impact of the 2009 Economic Stimulus Package
upon Composites and Related Markets and just published a comprehensive research
report entitled "Effects of the 2009 Economic Stimulus Package upon Composites
and Related Markets".
The composites market in the U.S. is very diverse with manufacturing and sales into
many segments such as aerospace, marine, consumer/sporting goods, electronics, wind,
and construction. The primary segments with potential impact from the ARRA are construction,
mass transportation and wind. Wind is one of the primary beneficiaries of the energy
and corporate tax relief, while construction is primarily aided by funds allotted
towards core infrastructure.
As per the study, the $787B stimulus bill passed by the Obama administration on
February 17, 2009 is likely to boost composites consumption. With the largest ever
spending in road and bridge construction and massive government investment through
production and investment tax credits into wind, composite manufacturers are primed
to manufacture goods to meet the needs of the stimulus package. According to Lucintel
the market segments most stimulated by ARRA in the U.S. (along with the composite
markets effected) are Renewable Energy - FRP wind blades and nacelles, Housing -FRP
bath, doors, and window, Mass Transit-FRP panels, flooring and cabs and Highway/Bridge-FRP
rebar and bridge deck.
This research report contains sections, need for stimulus package, provisions of
the American Relief and Recovery Act 2009, impact on the U.S. composites marketplace,
composite forecasts and observations for U.S. wind energy, composites observations
in infrastructure and many other elements, all of which can help you to make confident
business decisions in this globally competitive marketplace.
For a detailed table of contents and pricing information on this timely and insightful
report, please contact at Roy Almaguer at 210-878-7693 or via email
at roy.almaguer@lucintel.com. Lucintel
provides cutting edge decision support services that help you make critical decisions
with greater speed, insight and cost-efficiency. To find out more, visit www.lucintel.com.
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