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Global Composites Market Will Continue to Grow Strongly but Remain Highly Competitive


PRLog - May 15, 2014 - AMSTERDAM, Netherlands -- The brand new report, available on ASDreports, "Top 20 Composites Companies 2014" analyses in detail the market share and competitive positioning of the leading 20 composites companies, by the 3 fibre types, carbon, glass and aramid fibre.

The author of the report commented that ‘The composites market is a market that will exhibit strong growth in the near future; it is a highly competitive with many companies operating in the market. The composites market is a highly segmented market with no company or group of companies having a monopolistic type control. More specifically carbon fibre and glass fibre composites are more competitive than aramid fibre, as the markets seem to be very fragmented. The glass fibre market is the biggest composites market out of carbon fibre, glass fibre, and aramid fibre. This is closely followed by the carbon fibre market; the aramid fibre market is significantly smaller than the preceding two which is why there may be a more oligopoly style market structure with DuPont dominating this market.

The biggest players in the composites market, overall, include Owens Corning, Teijin, Hexcel, Asahi Fibreglass Company, and PPG. However these companies by no means have a significantly bigger stake than other leading composite companies as the market is highly competitive and segmented. There has been considerable revenue growth for some composites companies, particularly those located in Asia or those with major operations in Asia. This is because of an increased domestic demand within Asian countries, as well as an overall rise in composite demand across the globe.

The composites market is a very specialised market, with most companies producing one type of composite. Cytec, for example, specialise in carbon fibre alone. Hove some major global companies produce more than one of the composites. A clear example is Teijin, who produce carbon fibre as well as aramid fibre.

More importantly, many of these companies are important players in the composites market because of their innovation and pioneering approaches. Most of these companies invest heavily in research and development and in ways of finding new applications for composites. The authors believes this trend will increase the size of the composites market rapidly in the next decade.  Although the companies in this market do not have a monopolistic type control they are of huge importance in terms of education and setting industry standards. Therefore, they have an important role in the market other than just their total revenue.’

The 184 page report contains 185 tables, charts and graphs that add visual analysis in order to explain developing trends within the global composites market. The report provides annual revenues in terms of value (US$) and market share for the leading composites companies,

Top 20 composites companies by revenue and market share %
Top 19 glass fibre composites companies by revenue and market share %
Top 16 carbon fibre composites companies by revenue and market share %
Top 5 aramid fibre composites companies by revenue and market share %

The report provides also profiles of 39 of the leading companies operating within the composites market, and includes an interview with a top 20 composites manufacturer, Johns Manville, as well as DSM Composites Resin, providing expert insight alongside the analysis.

The Top 20 Composites Companies 2014: Leaders In Carbon Fibre (CFRP), Glass Fibre (GFRP) & Aramid Fibre Reinforced Plastic (AFRP) report will be of value to current and future potential investors into the composites industry and market, as well as companies and research centres who wish to broaden their knowledge of the composites market.

Media Contact
ASDReports.com
+31204869620
stefan.koopman@asdreports.com

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Source:ASDReports.com
Location:Amsterdam - Amsterdam - Netherlands
Industry:Aerospace, Research, Technology
Tags:composites, CFRP, GFRP, AFRP
Last Updated:May 15, 2014
Shortcut:prlog.org/12323858
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