The World Composites Market will reach $74.59bn in 2015, Says the New Study on ASDReports

Friday 12 December 2014, Amsterdam

The new report now available on ASDReports, predicts that the world market for composites: GFRP, CFRP & AFRP will reach $74.59bn in 2015. This forecast and others appear in The Composites Market 2014-2024: Glass Fibre (GFRP), Carbon Fibre (CFRP) & Aramid Fibre (AFRP).

Due to the global shortage of the traditional materials, there has been an increasing need for alternative materials that are cost effective as well as environmentally friendly. The coming years represent a huge potential for composites materials that help lower carbon emissions and achieve cost savings.

The report calculates that the global composites market will be worth $70.16bn in 2014. We predict strong growth in both developed and developing nations. The recovering global economy, technological innovations and the fast development of emerging economies are lifting the sectors that account for the majority of composite consumption: automotive, aviation and energy. Factors limiting the extent to which composites are consumed include the high cost of production for carbon fibre. 

The constant striving for increased fuel-efficiency in the automotive sector has led to a dramatic increase in the consumption of composites. We predict strong growth for this submarket over the coming years. Composites such as carbon fibre have an attractive combination of properties, including being incredibly strong despite their lightweight.

This 209 page report contains 169 tables, charts and graphs that add visual analysis in order to explain developing trends within the composites market. The report provides forecasts for the period 2014 to 2024 in terms of value (US$) for the composites market. In addition, 12 national composites markets plus the rest of the world, 3 submarkets by fibre type and 7 submarkets by end-use are forecasted and analysed over the period 2014 to 2024.

The report also provides profiles of 11 leading companies operating within the market such as Owens Corning, Hexcel, Asahi Fibreglass Company, China Fibreglass Company, Teijin and etc. The report also includes 4 exclusive interviews with major players in the composites market; GKN Aerospace, Gurit, Kuraray, Jushi Group- providing expert insights alongside the report’s analysis.

The Composites Market 2014-2024: Glass Fibre (GFRP), Carbon Fibre (CFRP) & Aramid Fibre (AFRP) report will be of value to current and future potential investors into the composites sector, as well as companies and research centres who wish to broaden their knowledge of the composites market.