Irving, Texas (PRWEB) April 22, 2013
The composites market in China is expected to witness significant growth over the next five years and reach an estimated $11.5 billion in 2018. 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.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on this market and presents its findings in “Growth Opportunities in the Chinese Composites Market 2013-2018.” 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, Lucintel 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.
Lucintel’s study indicates that new business models need to be reinvented to address a fast-changing complex world. Quarterly demands on composites shipment monitored by Lucintel 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 industry research 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.
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 facilitate critical decisions with greater speed, insight, chemical consultants and cost efficiency. To learn more, visit http://www.lucintel.com.