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The Composites Market 2013 2023
 

The Composites Market 2013 2023

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For an Executive Summary of this report please contact ediz.ibrahim@visiongain.com (+44 (0)20 7549 9976) or refer to our website http://www.visiongain.com/Report/1137/The-Composites-Market-2013-2023

For an Executive Summary of this report please contact ediz.ibrahim@visiongain.com (+44 (0)20 7549 9976) or refer to our website http://www.visiongain.com/Report/1137/The-Composites-Market-2013-2023

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    The Composites Market 2013 2023 The Composites Market 2013 2023 Document Transcript

    • The Composites Market 2013-2023: Glass Fibre (GFRP), Carbon Fibre (CFRP) & Aramid Fibre (AFRP) ©notice This material is copyright by visiongain. It is against the law to reproduce any of this material without the prior written agreement of visiongain. You cannot photocopy, fax, download to database or duplicate in any other way any of the material contained in this report. Each purchase and single copy is for personal use only.
    • Contents 1. Executive Summary 1.1 Global Market Overview 1.2 Benefits of this Report 1.3 Who is this Report for? 1.4 Methodology 1.5 Global Composite Market Forecast 2013 - 2023 1.6 Composite End-Use Sector Market Forecast 2013 - 2023 1.7 Leading Regional Composite Market Forecast 2013 - 2023 2. Introduction to the Composite Market 2.1 Leading Composite Markets Structure Overview 2.2 What Are Composites and What Are They Used In? 2.2.1 Glass Fibre Reinforced Polymers (GFRP) 2.2.2 Carbon Fibre Reinforced Polymers (CFRP) 2.2.3 Aramid Fibre Reinforced Polymers (AFRP) 2.4 Composite Market by Sector 2.5 Properties of Composites 2.6 Assumptions and Explanations 3. Global Composite Market Forecast 2013 - 2023 3.1 Global Forecast and Analysis of the Composite Market, 2013 – 2023 3.2 Global Forecast of Composite Market by Material 2013 – 2023 3.3 Global Composite Market Drivers and Restraints 4. Composite End-Use Sectors Market Forecast 2013 - 2023 4.1 Composite Market in the Automotive Sector, 2013 - 2023 4.1.1 Analysis of Composite Market by the Automotive Sector 4.2 Composite Market in the Aviation Sector, Forecast 2013 - 2023 4.2.1 Analysis of Composite Market by the Aviation Sector 4.3 Composite Market in the Energy Sector, Forecast 2013 - 2023 4.3.1 Analysis of Composite Market by the Energy Sector 4.4 Composite Market in the Sporting Goods Sector, Forecast 2013 – 2023 4.4.1 Analysis of Composite Market by the Sporting Goods Sector 4.5 Composite Market in the Consumer Goods Sector, Forecast 2013 - 2023 4.5.1 Analysis of Composite Market by the Consumer Goods Sector www.visiongain.com
    • Contents 4.6 Other Applications for Composites 5. Leading National Composite Market Forecast 2013 – 2023 5.1 The US Composite Market Value Forecast 2013 - 2023 5.1.1 US Composite Market Drivers & Restraints 5.1.2 How will US Government Policy Both Help and Hinder the Growth of the US Composite Market? 5.2 The Chinese Composite Market Value Forecast 2013 - 2023 5.2.1 Chinese Composite Market Drivers & Restraints 5.2.2 Learn how the 12th Chinese Five Year Plan will affect the domestic composite market 5.3 The Japanese Composite Market Value Forecast 2013 – 2023 5.3.1 Japanese Composite Market Drivers & Restraints 5.3.2 Discover why the negative Japanese public opinion of nuclear power presents an opportunity for composite demand 5.4 The German Composite Market Value Forecast 2013 – 2023 5.4.1 German Composite Market Drivers & Restraints 5.4.2 Learn how Germany’s automobile and energy sectors will increase composite sales 5.5 The Indian Composite Market Value Forecast 2013 – 2023 5.5.1 Indian Composite Market Drivers & Restraints 5.5.2 How will Indian investment of $1.6 billion in electricity production increase the composite market value? 5.6 The French Composite Market Value Forecast 2013 - 2023 5.6.1 French Composite Market Drivers & Restraints 5.6.2 To what extent will French investment in nuclear power restrict composite market growth? 5.7 The UK Composite Market Value Forecast 2013 – 2023 5.7.1 UK Composite Market Drivers & Restraints 5.7.2 How will Formula 1 and the Aviation sector boost the UK composite market? 5.8 The Italian Composite Market Forecast 2013 – 2023 5.8.1 Italian Composite Market Drivers & Restraints 5.8.2 Learn how an Italian automotive conglomerate can modernise the global composite market 5.9 The Russian Composite Market Value Forecast 2013 - 2023 5.9.1 Russian Composite Market Drivers & Restraints 5.9.2 How will two major sporting events impact the Russian composite market? 5.10 The Canadian Composite Market Value Forecast 2013 – 2023 5.10.1 Canadian Composite Market Drivers & Restraints 5.10.2 Why will the Canadian aviation sector drive demand for composites? 5.11 The Brazilian Composite Market Value Forecast 2013 - 2023 www.visiongain.com
    • Contents 5.11.1 Brazilian Composite Market Drivers & Restraints 5.11.2 Discover which composite-consuming sectors will gain from Brazil’s significant infrastructure spending 5.12 The Spanish Composite Market Value Forecast 2013 - 2023 5.12.1 Spanish Composite Market Drivers & Restraints 5.12.2 How has the Euro Debt Crisis Affected Spanish Composite Market? 5.13 The Australian Composite Market Value Forecast 2013 - 2023 5.13.1 Australian Composite Market Drivers & Restraints 5.13.2 Discover why visiongain only forecasts moderate growth for the Australian composite market 5.14 The South Korean Composite Market Value, 2013 - 2023 5.14.1 South Korean Composite Market Drivers & Restraints 5.14.2 Learn why the South Korean energy sector will restrain composite sales 5.15 The Rest of the World Composite Market Value, 2013 – 2023 6. SWOT Analysis of the Composite Market, 2013 – 2023 6.1 Strengths of the Composite Market, 2013 - 2023 6.1.1 Unparalleled strength to weight ratios 6.1.2 Lack of corrosion is ideal property for a variety of applications 6.2 Weaknesses of the Composite Market, 2013 - 2023 6.2.1 Unlikely to displace cheaper materials in majority of applications 6.2.2 Composites do not fail predictably 6.2.3 Composites are difficult to recycle 6.3 Opportunities in the Composite Market, 2013 – 2023 6.3.1 Automobile Market Recovery 6.3.2 Expansion of wind power in the energy sector 6.4 Threats to the Composite Market, 2013 – 2023 6.4.1 Growth of other energy sources 6.4.2 Development and innovation of Rival Materials 7. Expert Opinion 7.1 Andy Brink, PhD - Global Technology Manager for Fibres and Composites at Michelman 7.2 Areas for Potential Growth in Composite Demand 7.3 Composite Market by the Aviation Sector and the Potential Recycling of Scrap Carbon fibre 7.4 What Makes Carbon Fibre Expensive to Produce? www.visiongain.com
    • Contents 7.5 Discover the One Major Production Flaw that Currently Prevents Carbon Fibre’s Cost Being Lowered 7.6 Learn the Exciting Potential Developments Leading to Low-Cost Carbon Fibre 7.7 What Limitations Face the Composite Market? 7.8 The Engineering Challenges of Using Composites 8. Leading Companies in the Composite Market 8.1 Asahi Fibre Glass Company 8.2 China Fibreglass Company 8.3 PPG Industries 8.4 Saint-Gobain Vetrotex 8.5 Chongqing Polycomp International 8.6 Braj Binani Group 8.7 Teijin Group 8.8 Toray Industries 8.9 Hexcel 8.10 Taishan Fibreglass 8.11 Other Leading Companies in the Composites Market 8.12 M&A and Joint Venture Activities in the Composite Sector 9. Conclusion 9.1 A positive outlook for Composite market growth 9.2 How will the market for the three composites analysed evolve over the forecast period? 9.3 Composites’ end-use sectors are highly concentrated 9.4 Top 3 Composites end-use sectors are highly sensitive to government policy 9.5 Global Composite Market Forecast 2013 - 2023 9.6 Composite End-Use Market Forecast 2013 – 2023 9.7 Leading National Composite Market Forecast 2013 - 2023 10. Glossary www.visiongain.com
    • Contents List of Tables Table 1.1 Global Composite Market Forecast Summary ($Billion, CAGR %) Table 1.2 Composite End-Use Market Forecasts Summary ($Billion, CAGR %) Table 1.3 Leading Regional Market Forecasts Summary ($Billion, CAGR %) Table 3.1 Global Composite Market Forecast 2013-2023 ($Billion, AGR %, CAGR%, Cumulative) Table 3.2 Global Composite Market Drivers & Restraints Table 4.1 Composite End-Use Sector Market Forecasts 2013-2023 ($Billion, AGR %) Table 4.2 Composite Market Value Forecast for the Automotive Sector 2013-2023 ($Billion, AGR %, CAGR %) Table 4.3 Automobile and Composite Manufactures Partnerships Table 4.4 Composite Market Value Forecast for the Aviation Sector 2013-2023 ($Billion, AGR %, CAGR %) Table 4.5 Composite Market Value Forecast for the Energy Sector 2013-2023 ($Billion, AGR %, CAGR %) Table 4.6 Government Debt to GDP Percentage Comparison of Regional Markets Analysed (2012, %) Table 4.7 Composite Market Value Forecast for the Sporting Goods Sector 2013-2023 ($Billion, AGR %, CAGR %) Table 4.8 Composite Market Value Forecast for the Consumer Goods Sector 2013-2023 ($Billion, AGR %, CAGR %) Table 5.1 Leading National Composite Market Value Forecast 2013-2023 ($Billion, AGR %) Table 5.2 US Composite Market Value Forecast 2013-2023 ($Billion, AGR %, CAGR %) Table 5.3 US Composite Market Drivers & Restraints, 2013 - 2023 Table 5.4 Chinese Composite Market Value Forecast 2013-2023 ($Billion, AGR %, CAGR %) Table 5.5 Chinese Composite Market Drivers & Restraints, 2013 - 2023 Table 5.6 Japanese Composite Market Value Forecast 2013-2023 ($Billion, AGR %, CAGR %) Table 5.7 Japanese Composite Market Drivers & Restraints, 2013 - 2023 Table 5.8 German Composite Market Value Forecast 2013-2023 ($Billion, AGR %, CAGR %) Table 5.9 German Composite Market Drivers & Restraints, 2013 - 2023 Table 5.10 Indian Composite Market Value Forecast 2013-2023 ($Billion, AGR %, CAGR %) Table 5.11 Indian Market Drivers & Restraints, 2013 – 2023 Table 5.12 French Composite Market Value Forecast 2013-2023 ($Billion, AGR %, CAGR %) Table 5.13 French Composite Market Drivers & Restraints, 2013 - 2023 Table 5.14 Composite Market Value Forecast 2013-2023 ($Billion, AGR %, CAGR %) Table 5.15 UK Composite Market Drivers & Restraints, 2013 - 2023 Table 5.16 Italian Composite Market Value Forecast 2013-2023 ($Billion, AGR %, CAGR %) Table 5.17 Italian Composite Market Drivers & Restraints, 2013 - 2023 www.visiongain.com
    • Contents Table 5.18 Russian Composite Market Value Forecast ($Billion, AGR %, CAGR %) Table 5.19 Russian Composite Market Drivers & Restraints, 2013 – 2023 Table 5.20 Canadian Composite Market Value Forecast 2013-2023 ($Billion, AGR %, CAGR %) Table 5.21 Canadian Composite Market Drivers & Restraints, 2013- 2023 Table 5.22 Brazilian Composite Market Value Forecast 2013-2023 ($Billion, AGR %, CAGR %) Table 5.23 Brazilian Composite Market Drivers & Restraints, 2013 – 2023 Table 5.24 Spanish Composite Market Value Forecast 2013-2023 ($Billion, AGR %, CAGR %) Table 5.25 Spanish Composite Market Drivers & Restraints, 2013 - 2023 Table 5.26 Australian Composite Market Value Forecast 2013-2023 ($Billion, AGR %, CAGR %) Table 5.27 Australian Composite Market Drivers & Restraints, 2013 - 2023 Table 5.28 South Korean Composite Market Value Forecast 2013-2023 ($Billion, AGR %, CAGR %) Table 5.29 South Korean Composite Market Drivers & Restraints, 2013 – 2023 Table 5.30 ROW Composite Market Value Forecast 2013-2023 ($Billion, AGR %, CAGR %) Table 6.1 SWOT Analysis of the Composite Market, 2013 – 2023 Table 8.1 Leading 10 Companies in the Composite Market 2012 - Total Revenue ($bn), Sector Revenue ($m), Composite Revenue Rank, Market Share (% of Total Market Revenue) Table 8.2 Asahi Fibre Glass Company Overview - Total Revenue ($bn), Primary Composite, Primary Sector Revenue ($m), Composite Revenue Rank, Market Share (% of Total Market Revenue), Headquarters, Ticker, Contact, Website Table 8.3 China Fibreglass Company Overview - Total Revenue ($bn), Primary Composite, Primary Sector Revenue ($m), Composite Revenue Rank, Market Share (% of Total Market Revenue), Headquarters, Ticker, Contact, Website Table 8.4 PPG Industries Overview - Total Revenue ($bn), Primary Composite, Primary Sector Revenue ($m), Composite Revenue Rank, Market Share (% of Total Market Revenue), Headquarters, Ticker, Contact, Website Table 8.5 Saint-Gobain Vetrotex Overview - Total Revenue ($bn), Primary Composite, Primary Sector Revenue ($m), Composite Revenue Rank, Market Share (% of Total Market Revenue), Headquarters, Ticker, Contact, Website Table 8.6 Chongqing Polycomp International Overview - Total Revenue ($bn), Primary Composite, Primary Sector Revenue ($m), Composite Revenue Rank, Market Share (% of Total Market Revenue), Headquarters, Ticker, Contact, Website Table 8.7 Braj Binani Group Overview - Total Revenue ($bn), Primary Composite, Primary Sector Revenue ($m), Composite Revenue Rank, Market Share (% of Total Market Revenue), Headquarters, Ticker, Contact, Website Table 8.8 Teijin Group Overview - Total Revenue ($bn), Primary Composite, Primary Sector Revenue ($m), Composite Revenue Rank, Market Share (% of Total Market Revenue), Headquarters, Ticker, Contact, Website www.visiongain.com
    • Contents Table 8.9 Toray Industries Overview - Total Revenue ($bn), Primary Composite, Primary Sector Revenue ($m), Composite Revenue Rank, Market Share (% of Total Market Revenue), Headquarters, Ticker, Contact, Website Table 8.10 Hexcel Overview - Total Revenue ($bn), Primary Composite, Primary Sector Revenue ($m), Composite Revenue Rank, Market Share (% of Total Market Revenue), Headquarters, Ticker, Contact, Website Table 8.11 Taishan Fibreglass Overview - Total Revenue ($bn), Primary Composite, Primary Sector Revenue ($m), Composite Revenue Rank, Market Share (% of Total Market Revenue), Headquarters, Ticker, Contact, Website Table 8.12 Other Leading Companies in the Composite Market 2013 - (Company, Market Share, Headquarters, and Website) Table 8.13 Major M&A activity in the Composite Industry 2012 and 2013 (Date, Acquiring Firm, Target Firm, M&A Cost, Details) Table 8.14 Major Joint Ventures in the Composite Industry 2013 Table 9.1 Global Composite Market Forecast Summary 2013, 2018 and 2023 ($Billion, CAGR %) Table 9.2 Composite End-Use Market Forecasts Summary 2013, 2018 and 2023 ($Billion, CAGR %) Table 9.3 Leading National Market Forecasts Summary 2013, 2018 and 2023 ($Billion, CAGR %) List of Figures Figure 2.1 Major Composite Markets Figure 2.2 Major Composite End-Use Sectors Figure 3.1 Global Composite Market Forecast 2013-2023 ($Billion, AGR %) Figure 3.2 Global Composite Market Forecast by Material 2013-2023 ($Billion) Figure 3.3 Global Composite Market Share Forecast by Material 2013 Figure 3.4 Global Composite Market Share Forecast by Material 2018 Figure 3.5 Global Composite Market Share Forecast by Material 2023 Figure 4.1 Composite End-Use Sector Sales Forecast 2013 -2023 ($ Billion) Figure 4.2 End-Use Sectors of Composite Forecast 2013 (% Total Market) Figure 4.3 End-Use Sectors of Composite Forecast 2018 (% Total Market) Figure 4.4 End-Use Sectors of Composite Forecast 2023 (% Total Market) Figure 4.5 Composite Market Value Forecast for the Automotive Sector 2013-2023 ($Billion, AGR %) Figure 4.6 Composite Market Value in the Automotive Sector Share Forecast 2013, 2018 and 2023 (% Total Composite Market Value) Figure 4.7 Composite Market Value Forecast for the Aviation Sector 2013-2023 ($Billion, AGR %) Figure 4.8 Composite Market Value in the Aviation Sector Share Forecast 2013, 2018 and 2023 (% Total Composite Market Value) Figure 4.9 Composite Market Value Forecast for the Energy Sector 2013-2023 ($Billion, AGR %) www.visiongain.com
    • Contents Figure 4.10 Composite Market Value in the Energy Sector Share Forecast 2013, 2018 and 2023 (% Total Composite Market Value) Figure 4.11 Global Wind Capacity 2012 (% of Total Global Capacity) Figure 4.12 Composite Market Value Forecast for the Sporting Goods Sector 2013-2023 ($Billion, AGR %) Figure 4.13 Composite Market Value in the Sporting Goods Sector Share Forecast 2013, 2018 and 2023 (% Total Composite Market Value) Figure 4.14 Composite Market Value Forecast for the Consumer Goods Sector 2013-2023 ($Billion, AGR %) Figure 4.15 Composite Market Value in the Consumer Goods Sector Share Forecast 2013, 2018 and 2023 (% Total Composite Market Value) Figure 5.1 Leading National Composite Market Forecast 2013 – 2023 ($Billion) Figure 5.2 Leading National Composite Market Share Forecast 2013 (%) Figure 5.3 Leading National Composite Market Share Forecast 2018 (%) Figure 5.4 Leading National Composite Market Share Forecast 2023 (%) Figure 5.5 US Composite Market Forecast 2013-2023 ($Billion, AGR %) Figure 5.6 US Composite Market Share Forecast 2013, 2018 and 2023 (% Global Share) Figure 5.7 Wind Capacity by US State (Megawatts, Market Share %) Figure 5.8 Chinese Composite Market Forecast 2013-2023 ($Billion, AGR %) Figure 5.9 Chinese Composite Market Share Forecast 2013, 2018 and 2023 (% Global Share) Figure 5.10 Chinese Wind Energy Capacity Growth and AGR 2002 - 2012 (MW, AGR %) Figure 5.11 Chinese Wind Energy Capacity by Province 2012 (% Total Chinese Wind Capacity) Figure 5.12 Japanese Composite Market Forecast 2013-2023 ($Billion, AGR %) Figure 5.13 Japanese Composite Sales Market Forecast 2013, 2018 and 2023 (% Global Share) Figure 5.14 Japanese Electricity Generation by Source 2012 Figure 5.15 German Composite Market Forecast 2013-2023 ($Billion, AGR %) Figure 5.16 German Composite Market Forecast 2013, 2018 and 2023 (% Global Share) Figure 5.17 German Wind Power Production Market Share 2000 – 2012 (% Total Global Wind Energy Production) Figure 5.18 Image of BMW i3’s Carbon Fibre Passenger Shell Figure 5.19 Indian Composite Market Forecast 2013-2023 ($Billion, AGR %) Figure 5.20 Indian Composite Sales Market Share Forecast 2013, 2018 and 2023 (% Global Share) Figure 5.21 Indian Electricity Generation by Source 2012 Figure 5.22 French Composite Market Forecast 2013-2023 ($Billion, AGR %) Figure 5.23 French Composite Market Share Forecast 2013, 2018 and 2023 (% Global Share) Figure 5.24 French Aviation Market Share by Airlines, 2012 Figure 5.25 UK Composite Market Forecast 2013-2023 ($Billion, AGR %) Figure 5.26 UK Composite Market Share Forecast 2013, 2018 and 2023 (% Global Share) www.visiongain.com
    • Contents Figure 5.27 UK Electricity Generation by Energy Source 2013 Figure 5.28 Italian Composite Market Value Forecast 2013-2023 ($Billion, AGR %) Figure 5.29 Italian Composite Sales Market Share Forecast 2013, 2018 and 2023 (% Global Share) Figure 5.30 Fiat Group Sales by Region, Q2 2013 (Units Sold) Figure 5.31 Russian Composite Market Forecast 2013-2023 ($Billion, AGR %) Figure 5.32 Russian Composite Market Share Forecast 2013, 2018 and 2023 (% Global Share) Figure 5.33 Canadian Composite Market Forecast 2013-2023 ($Billion, AGR %) Figure 5.34 Canadian Composite Market Share Forecast 2013, 2018 and 2023 (% Global Share) Figure 5.35 Canadian Electricity Generation by Source 2013 Figure 5.36 Brazilian Composite Market Forecast 2013-2023 ($Billion, AGR %) Figure 5.37 Brazilian Composite Market Share Forecast 2013, 2018 and 2023 (% Global Share) Figure 5.38 Brazilian Wind Power Capacity Growth and AGR 2006 - 2012 (Megawatts, AGR %) Figure 5.39 Spanish Composite Market Forecast 2013-2023 ($Billion, AGR %) Figure 5.40 Spanish Composite Market Share Forecast 2013, 2018 and 2023 (% Global Share) Figure 5.41 Spanish Wind Capacity and AGR 2001 – 2012 (Megawatts, AGR %) Figure 5.42 Australian Composite Market Forecast 2013-2023 ($Billion, AGR %) Figure 5.43 Australian Composite Market Share Forecast 2013, 2018 and 2023 (% Global Share) Figure 5.44 Australian Electricity Generation by Source 2013 Figure 5.45 South Korean Composite Market Forecast 2013-2023 ($Billion, AGR %) Figure 5.46 South Korean Composite Market Share Forecast 2013, 2018 and 2023 (% Global Share) Figure 5.47 South Korean Electricity Production by Source, 2013 Figure 5.48 ROW Composite Market Forecast 2013-2023 ($Billion, AGR %) Figure 5.49 ROW Composite Market Share Forecast 2013, 2018 and 2023 (% Global Share) Figure 8.1 Leading 10 Composite Companies and Other Companies Revenue Comparison 2012 (% of Total Market Revenue) www.visiongain.com
    • Contents Companies Mentioned in This Report • 3B • Airbus • Amber Composites • Asahi Fibre Glass Company • Asahi Glass Company (AGC) • AKSA Acrylic Chemical • Audi AG • Boeing • Binani Cement • Binani Industries Ltd • Bombardier Aerospace • Braj Binani Group • BMW • Centrica • China Fibreglass Company • China National Building Material Company • China National Materials Company • Chongqing Polycomp • Coal India Inc. • Cytec • Dassault • Daimler AG • Dow Chemical • DowAksa • DuPont • Électricité de France (EDF) • Ferrari • Fiat Group • Fisipe (Fibras Sintéticas de Portugal) • Ford • Formula 1 • General Motors (GM) • Guangzhou Automobile Company (GAC) • Guardian Fibreglass • Hanwha www.visiongain.com
    • Contents • Head • Hexcel • Honda • Hyper-Therm HTC (High Temperature Composites) • Jaguar Land Rover • Johns Manville • KCC Corporation • Korea Aerospace Industries • Mercedes AMG PETRONAS • Michelman • Mitsubishi Rayon • Nippon Sheet Glass • Nissan • Oil & Natural Gas Corporation • Owens Corning • PPG Industries • Red Bull Racing • Rolls Royce • Saint-Gobain Vetrotex • Samsung Group • Samsung-SGL Carbon Composite Materials • SGL Group • Subaru • Taishan Fibreglass • Taiwan Glass Industry Corporation • Teijin • Tesla • TenCate • Toho Tenax • Toray • Toyota • Umeco • Vestas • Vodafone McLaren Mercedes • Yunnan Yuntianhua • Zoltek Inc. www.visiongain.com
    • Contents Other Organisations Mentioned in This Report • Aerospace Growth Partnership (AGP) • Aerospace Manufacturing Technology Centre (AMTC) • American Wind Energy Association • Bombay Stock Exchange (BSE) • UK Labour Party • Canadian Wind Energy Association • US Department of Energy (DoE) • Environmental Protection Agency (EPA) • European Union • Global Outlook for Carbon Fibre • Hong Kong Stock Exchange (HKSE) • International Olympic Committee (IOC) • National Stock Exchange of India (NSE) • New York Stock Exchange (NYSE) • Sahara Solar Breeder Project • Shanghai Stock Exchange (SHA) • Spanish Wind Energy Association • Tokyo Stock Exchange (TYO) • United Nations • University of Maine • US Congress • World Bank www.visiongain.com
    • The Composites Market 2013-2023: Glass Fibre (GFRP), Carbon Fibre (CFRP) & Aramid Fibre (AFRP) 4.5 Composites in the Consumer Goods Sector, Forecast 2013 – 2023 Table 4.8 Composite Market Forecast for the Consumer Goods Sector 2013-2023 ($Billion, AGR %, CAGR %) 2012 2013 2014 2015 2016 2017 Sales ($Billion) AGR (%) CAGR (%) 2013-18 CAGR (%) 2013-23 3.8 2018 2019 2020 2021 2022 2023 2013-23 4.0 4.2 4.4 4.7 4.9 5.3% 5.0% 4.8% 6.8% 4.3% 5.0% 5.1 5.5 6.0 6.4 6.9 7.3 4.2% 7.8% 9.1% 6.7% 7.8% 6.1% 59.4 7.5% 2018-23 6.2% Source: Visiongain, 2013 Figure 4.14 Composite Market Forecast for the Consumer Goods Sector 2013-2023 ($Billion, AGR %) 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% 8 6 5 AGR% Market Value ($Billion) 7 4 3 2 1 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Title Market Value AGR% Source: Visiongain, 2013 Figure 4.15 Composite Market in the Consumer Goods Sector Share Forecast 2013, 2018 and 2023 (% Total Composite Market Value) 2013 2018 2023 6.0% 6.0% 7.0% Source: Visiongain, 2013 www.visiongain.com Page 44
    • The Composites Market 2013-2023: Glass Fibre (GFRP), Carbon Fibre (CFRP) & Aramid Fibre (AFRP) 5.4 The German Composite Market Value Forecast 2013 – 2023 Table 5.8 German Composite Market Value Forecast 2013-2023 ($Billion, AGR %, CAGR %) 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2013-23 3.0 Sales ($Billion) 3.2 3.4 3.6 3.8 4.0 6.8 6.3 5.3 5.3 6.0 4.2 5.2 4.4 4.6 4.9 5.2 5.4 4.3 5.3 6.0 5.3 4.4 46.7 AGR (%) 5.6 CAGR (%) 2013-18 5.1 2018-23 5.3 CAGR (%) 2013-23 Source: Visiongain, 2013 Figure 5.15 German Composite Market Value Forecast 2013-2023 ($Billion, AGR %) 8 7 6 5 4 3 2 1 0 5 4 AGR% Market Value ($Billion) 6 3 2 1 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Year Market Value AGR% Source: Visiongain, 2013 Figure 5.16 German Composite Sales Market Share Forecast 2013, 2018 and 2023 (% Global Share) 2013 2018 2023 4.8% 5.0% 5.2% Source: Visiongain, 2013 www.visiongain.com Page 61
    • The Composites Market 2013-2023: Glass Fibre (GFRP), Carbon Fibre (CFRP) & Aramid Fibre (AFRP) 7. Expert Opinion 7.1 Andy Brink, Global Technology Manager at Michelman Visiongain sought the expertise of Andy Brink PhD, Global Technology Manager for Fibres and Composites at Michelman. Andy Brink has an extensive twenty-year work history in the composite industry, and established his own company, Hydrosize Technologies, that was subsequently purchased by Michelman in 2008. Andy Brink also speaks publicly about composites, and presented at the 2013 Global Outlook for Carbon Fibre conference. His talk was titled “The Importance of Fibre Sizing on Composite Processing and Properties”. 7.2 Areas for Potential Growth in Composite Demand Visiongain: Where do you expect to see growth in the Composite market? Andy Brink: The largest application that is driving the market is the automotive sector. The USA’s Corporate Average Fuel Economy (CAFE) regulations demand a reduction in vehicle weight, and composites are ideal materials to reduce weight. Wind energy has previously been a significant growth driver, but since the start of the financial crisis in 2008, the market has slowed. Several factors have contributed to the slower pace of growth: due to much slower economic growth, or even recessions, the growth in electricity demand has slowed down significantly. In the US market the recent strong developments of shale gas have led to unprecedented low prices of natural gas. Just as the wind energy market has caught up with the price of coal fired power, it now needs to catch up with all the price of low natural gas. In the US, instability in tax incentives makes growth unpredictable, especially with annual Congress debates. The wind-energy sector will grow with or without such government subsidies, but growth rates can jump unpredictably and the uncertainty in policies leads to speculative behaviour. In Europe, government austerity programs have led to significant – and in some cases even retroactive – cuts in incentives. This has created an unfavourable climate for investment. Lastly, the Chinese wind energy market is recovering from significant overcapacity in the supply chain and from wrongly placed incentives. China had built too many wind turbines compared to what its grid could handle, so consumption of composites ground to a halt a few years ago. These issues are close to being resolved. www.visiongain.com Page 100
    • The Composites Market 2013-2023: Glass Fibre (GFRP), Carbon Fibre (CFRP) & Aramid Fibre (AFRP) 8.1 Asahi Fibre Glass Company Table 8.2 Asahi Fibre Glass Company Overview - Total Revenue ($bn), Primary Composite, Primary Sector Revenue ($m), Composite Revenue Rank, Market Share (% of Total Market Revenue), Headquarters, Ticker, Contact, Website Total Revenue ($bn) Primary Composite Primary Sector Revenue ($m) Market Revenue Share (%) Headquarters Ticker Contact Website 2012 $13bn Glass Fibre $1,200m 2.3% Tokyo, Japan TYO:5201 https://www.agc.com/english/mail_box/ https://www.agc.com/english Source: Visiongain, 2013 Asahi Fibre Glass, headquartered in Tokyo is one Japan's leading manufacturers and sellers of residential insulation fibreglass since 1956. Asahi Glass Company (AGC), Asahi Fibre Glass’ parent company, has used its core technology and expertise to expand into new business sectors including that of industrial materials and construction and this is origination of Asahi Fibre Glass. Asahi Fibre Glass was the leading company in both the glass fibre and total composite markets, accounting for 4.3% of the fibreglass market and 2.3% of the total composite market. Asahi Fibre Glass is Japan's leading manufacturer and seller of consumer residential insulation fibreglass since 1956. The Company leverages its accumulated technology to expand into new business sectors, including industrial materials. FONTEX (which stands for the fount of the light) is the new plastic optical fibre (POF) developed with AGC’s technology platform of POF and fluorine. FONTEX is fully compatible with nextgeneration AV data communication due to its high-speed characteristics at 10Gbps and above. In addition, FONTEX is able to function even when knotted or bent while existing silica optical fibres is not able to. Therefore, FONTEX is the reliable, safe optical fibre for next-generation household electronic appliances which is capable of stable high-speed data transmission with a certain level of rough treatment. www.visiongain.com Page 106