Composites Market to be Worth $62.6bn in 2012

Wednesday 18 July 2012, Amsterdam

This analysis indicates that the global composites market will reach a value of $62.6bn in 2012, as different industries seek the unique performance enhancing qualities which composites possess such as cost-savings light-weight, strength, and corrosion-resistance.

The composites market is forecast by visiongain to record strong and continuous growth over the next decade, as various industries are implementing composites solutions to their products. In the emerging markets the volume of composites will grow as emerging market companies seek to upgrade their products. In the developed world the composites are increasing in value, as companies seek sophisticated and purpose-built composites for high-technology applications.

The author of The Composites Market 2012-2022: Glass Fibre, Carbon Fibre & Aramid Fibre report commented that ‘The global composites market will experience robust and accelerating growth, as the economic conditions in Europe improve and as the emerging markets increase their usage of composites. The demand for renewable energy in the form of wind turbines and the demand for light-weight fuel efficient aircraft and cars are major drivers increasing composites markets’.

The report contains 115 tables, charts and graphs that add visual analysis in order to explain developing trends within the composites market. It provides forecasts for the period 2012-2022 in terms of value (US$) for the global composites market, as well as for 4 submarkets (glass fibre composites, carbon fibre composites, aramid fibre composites, other fibre / hybrid composites) of the composites market. In addition, 17 leading national composites markets are forecast and analysed over the period 2012-2022. The report also provides profiles of 17 leading companies operating within the market, and includes 3 exclusive interviews with principal composites companies, providing expert insight.

The Composites Market 2012-2022: Glass Fibre, Carbon Fibre & Aramid Fibre report will be of value to current and future potential investors into the composites industry, as well as companies and research centres who wish to broaden their knowledge of the composites market.