Aug 26 2013
Research and Markets has announced the addition of the "Growth Opportunities in the Chinese Composites Market 2013-2018" report to their offering.
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.
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, the author 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.
This study indicates that new business models need to be reinvented to address a fast changing, complex world. Quarterly demands on composites shipment monitored by the author 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.