Irving, TX (PRWEB) May 14, 2012
Despite global economic uncertainty and a downturn in the worldwide composite materials industry, China’s composites market grew by more than 2% through the worst of the recession in 2009. The Chinese market’s growth momentum is expected to surge, reaching approximately US $11.5 billion in 2017 with a CAGR of 7.3% over the next five years. For 2012, the Chinese composite materials market is expected to surpass US $7 billion.
Lucintel, a leading global management consulting and market research firm, has analyzed the Chinese composites industry and presents its findings in its report, “Growth Opportunities in the Chinese Composites Market: 2012-2017.”
Lucintel’s research outlines how the rapid growth in China’s economy has grown the demand for glass fiber. Transportation, construction, and aerospace are expected to drive growth during the forecast period of 2012–2017. Over the long term, growth in the composite materials industry is sustainable with more than 5,000 composites applications worldwide. The industry has great future potential as increasing numbers of composite materials applications are being researched and developed.
Lucintel’s research report provides trend scenarios and forecast statistics for 2012–2017; details the industry’s drivers and challenges in China; analyzes eight segments of the Chinese composites industry; provides market sizing for various raw materials such as fiber, resin, thermoset, and thermoplastic compound materials; examines the export and import markets; details the Chines governments tariffs on resins and fiberglass materials, and much more.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that help facilitate critical decisions with greater speed, insight, and cost efficiency.