The composites market in China is expected to witness significant growth over the next five years and reach an estimated $11.5 billion in 2018. While the economic crisis will affect the industry negatively in the near term, substantial opportunities exist in the long run due to the trends in demand quantity and growth based on the various application markets. Although there are valid concerns due to global economic instability, the demand for composites products is anticipated to continue due to superior performance.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on this market and presents its findings in “Growth Opportunities in the Chinese Composites Market 2013-2018.” Major composites market segments such as construction, transportation, and electrical and electronics (E&E) experienced good growth in 2012. In terms of value of shipments, the largest consumer of composites shipment materials was the E&E sector, followed by the pipe and tank sector. According to the study, aerospace and defense, marine, and E&E are expected to maintain healthy growth during 2013-2018.
In the future, Lucintel expects higher market fragmentation due to the emerging Chinese economy. Significant technology transfer is expected from the US and European countries to China. A significant number of joint ventures (JVs) are anticipated in the next five years. JVs already have been established in the grating, pultrusion, automotive, wind energy, and printed circuit board markets. A significant improvement is expected in capacity for high-volume production processes such as compression molding (SMC) and pultrusion.
Lucintel’s study indicates that new business models need to be reinvented to address a fast-changing complex world. Quarterly demands on composites shipment monitored by Lucintel present significant changes (up to 40% change quarter by quarter) in various market segments; thus, companies need to react quickly to meet market needs.
The report, which provides trend scenarios and forecast statistics for 2013-2018, details industry drivers and challenges, analyzes composites markets by type of resin and applications, and highlights major multinational players. The study also describes export and import markets, tariff on resins and fiberglass materials, and more.
This unique report from Lucintel is expected to provide valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report is estimated to save hundreds of hours of your own personal research time and is anticipated to significantly help in expanding your business in this market. In today’s unstable economy, you need every advantage that you can find to keep you ahead in your business.
To make business, investment, or strategic decisions, you need timely and adequate information. This market report fulfills this core need and is an indispensable reference guide for multi-national material suppliers, product manufacturers, investors, executives, distributors and many more, who are dealing with this market.
Some of the features of “Growth Opportunities in the Chinese Composites Market 2013-2018” include these:
• Chinese composites market size in terms of value shipment and volume shipment
• Chinese composites market trend and forecast in terms of value and volume shipment
• Trend (2007-2012) and forecast (2013-2018) of Chinese composite market for various application
• China fiberglass, resin and composites market analysis
• Composites market by type of resin, by applications and by manufacturing process
• Growth opportunities in emerging applications of Chinese composites market
• More than 65 figures/charts and 24 tables are provided in this roughly 168- page report