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May 2009 - The Composites Market Continues Global Growth

 

The global composites market is expected to grow by 4% per annum from €60bn in 2008 to €80-85bn in 2013, according to JEC Composites.  In tonnage terms the market would grow from 8.6 million tonnes to 10.0 million tonnes over the same time span.

 

In a global market report the Paris-based organisation highlights the importance of growth in the Asian market.  China's growth is forecast at 8-9% per annum.

 

Looking at the fast-growing BRIC countries (Brazil, Russia, India, China), JEC expects their global market share to grow from around 22% today to 29% in 2013.  China would represent 23% of the worldwide market in 2013, India 3%, Brazil 3% and Russia less than 1%.

 

Frederique Mutuel, JEC president and ceo, said: "The fast development of the composites market in Asia, typically in China and India, will keep driving the emergence of large players across the value chain of composites."

 

JEC said the composites industry will evolve in line with economic growth of end sectors.  The exception is the aeronautics sector where light weighting will increase the proportion of composites in a commercial aircraft from less than 10% to 10-15% on average.

 

The worldwide growth of the wind energy market is expected to lead to 16% annual growth in this market for composites.

 

About Composite Reinforcements UK Ltd

 

Formed in 1999 Composite Reinforcements has grown to become a leading supplier of reinforcements to the UK composites industry from its distribution centres in Birmingham and Leeds. The company represents the global glassfibre company Johns Manville, the woven and multi-axial fabric company Dipex, as well the North American wollastonite company Nyco Minerals.

 

Offering the best customer service as well as competitively priced materials, Composite Reinforcements aim to support customers business by offering the best value for money option for their raw material purchases.

For further information please contact us