NEW YORK, Aug. 27, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
US High Performance Composites Markethttp://www.reportlinker.com/p0923003/US-High-Performance-Composites-Market.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Synthetic_Material
US demand to grow 15% annually through 2016
US demand for high performance composites -- polymer materials containing advanced fiber reinforcements -- is forecast to grow 15 percent per year to $10.3 billion in 2016. Advances will represent a considerable improvement over the pedestrian growth of the 2006- 2011 period, during which time composite demand was hampered by a weak aerospace market and declines in military applications. Going forward, high performance composite demand will be aided by strong growth in the commercial airliner market, as well as emerging opportunities in applications such as wind turbines and pressure vessels. However, the high cost and labor-intensive production of advanced composites compared to competitive materials will prevent these materials from penetrating more highvolume and price-sensitive applications. High performance composites are high strength, high stiffness materials that feature lighter weight and better durability than aluminum and other metals. Historically, these composites have been confined to military uses and high-end sporting goods due to their much higher prices compared to conventional glassfiber composites and metals. However, better production processes, the development of lower-cost carbon fibers, and a greater focus on lighter-weight components have allowed advanced composites to attract more widespread attention.
Aerospace, wind turbine markets to see best growth
Aerospace markets will remain the leading outlet for high performance composites in 2016, and will be by far the fastest-growing market. While composites have long been used in military aircraft and helicopters, they are beginning to penetrate the commercial airliner segment on a large scale as well. In particular, the production ramp up of the Boeing 787 DREAMLINER, which has more than 50 percent composite content, will stimulate the bulk of gains in high performance composite demand. Rising production of other composite-intensive aircraft, such as the Airbus A380 and A350 XWB, will also benefit demand. Outside of the aerospace applications, a strong area of growth for high performance composites is the burgeoning wind energy market. In wind energy, advances will be fueled by rising wind turbine installations as states seek to meet renewable energy generation standards, as well as increased use of carbon fiber composites. Much slower growth is expected for defense and safety applications -- due to reduction of combat forces in Iraq and Afghanistan -- and the highly mature sporting goods market. The motor vehicle market, which holds perhaps the greatest potential for high performance composites, will see only moderate gains in demand, as widescale, large-volume use of automotive composites will continue to be restrained by high cost and slow production speeds.
Carbon fiber composites to remain dominant
Among product types, carbon fiber composites will continue to account for the largest portion of demand, totaling 84 percent of the high performance market in 2016. Carbon fiber composites will benefit from robust growth in the aerospace market, as well as their versatility, good balance of mechanical properties, and moderate cost compared with other high performance composites. S-glass fiber composites -- the lowest-priced of all advanced composites -- will also see double-digit gains in demand, fueled by opportunities in aerospace, wind energy, and pressure vessel markets. More moderate gains are forecast for composites based on aramid and other fibers, restrained by the slower-growing defense and safety composites market.
Study coverage
This upcoming industry study, High Performance Composites, presents historical demand data (2001, 2006, 2011) plus forecasts for 2016 and 2021 by fiber, market and resin. The study also considers market environment factors, assesses industry structure, evaluates company market share and profiles US industry competitors.
TABLE OF CONTENTS INTRODUCTION ix I. EXECUTIVE SUMMARY 1 II. MARKET ENVIRONMENT 4General 4Macroeconomic Overview 5Consumer Income & Spending 8Manufacturing Outlook 11Fiber-Reinforced Plastics Outlook 15Technology 17Composites Overview 17Composite Processing 21Competitive Materials 23Regulatory Issues 24Recycling 26Historical Market Trends 27Pricing Trends 30Foreign Trade 32International Activity 34
III. FIBERS 38
General 38Fiber Materials 40Carbon Fiber 44Materials 44Producers 47Composites 50S-Glass 53Materials 54Producers 55Composites 56Aramid Fiber 59Materials 59Producers 61Composites 62Other Fibers 65Materials 66Producers 68Composites 68
IV. MARKETS 71
General 71Aerospace 74Aerospace Industry Outlook 75High Performance Composite Demand 76Commercial Airliners 80Military Aircraft 83Other Aerospace 86Industrial & Automotive 88Industrial 91Motor Vehicles 93Motor Vehicle Industry Outlook 93High Performance Composite Demand 95Pressure Vessels 98Defense & Safety 100Government & Defense Spending Outlook 101High Performance Composite Demand 102Energy 106Wind Energy 108Wind Energy Industry Outlook 108High Performance Composite Demand 109Oil & Gas 112Oil & Gas Drilling Outlook 112High Performance Composite Demand 115Consumer 117Sporting Goods 120Sporting Goods Industry Outlook 120High Performance Composite Demand 121Marine 124Recreational Boating Industry Outlook 124High Performance Composite Demand 126Medical & Other 128Medical Products Industry Outlook 128High Performance Composite Demand 130Construction & Other 131Construction 134Nonbuilding Construction Industry Overview 134High Performance Composite Demand 135All Other 137
V. RESINS 139
General 139Epoxy 141Thermoplastics 143Polyester 146Phenolics 148Other 149 VI. INDUSTRY STRUCTURE 152General 152Market Share 155Acquisitions & Divestitures 159Marketing & Distribution 161Research & Development 162Competitive Strategies 164Cooperative Agreements 165Company Profiles 169Advanced Composites Group, see UmecoAGY Holding Corporation 170Albany International Corporation 172Aldila Incorporated 174Alliant Techsystems Incorporated 175Argosy International Incorporated 177Automated Dynamics 178Barrday Corporation 179Boeing Company 180Cytec Industries Incorporated 182DuPont (EI) de Nemours 186Fiberforge Corporation 188GKN plc 189Grafil, see Mitsubishi RayonHexcel Corporation 191Honeywell International Incorporated 194Huntsman Corporation 196LCOA Composites Incorporated 197Lincoln (JD), see UmecoMitsubishi Rayon Company Limited 199Momentive Performance Materials Holdings LLC 202Newport Adhesives and Composites, see MitsubishiRayonOCV Reinforcements, see Owens CorningOwens Corning 204Park Electrochemical Corporation 206Plasan Carbon Composites Incorporated 208Polystrand Incorporated 209Premix Incorporated 210Royal DSM NV 211Royal Ten Cate NV 214SABIC Innovative Plastics, see Saudi Basic IndustriesSAERTEX GmbH & Co. KG 218Saudi Basic Industries Corporation 219SGL Carbon SE 221Spirit AeroSystems Holdings Incorporated 224Teijin Limited 226Toho Tenax, see TeijinToray Industries Incorporated 229TPI Composites Incorporated 231Triumph Group Incorporated 232Umeco plc 235Victrex plc 237Vought Aircraft Industries, see Triumph GroupZoltek Corporation 239
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY Summary Table 3 SECTION II -- MARKET ENVIRONMENT2 Personal Consumption Expenditures 11
3 Manufacturers' Shipments 14
4 Fiber-Reinforced Plastics Demand 17
5 High Performance Composite Demand, 2001-2011 29
6 High Performance Composite Pricing 32
7 World High Performance Composite Demand by Region 36
SECTION III -- FIBERS2 Fiber Demand in High Performance Composites 42
3 Carbon Fiber Demand in Composites by Size & Process 47
4 Carbon Fiber Production Capacity by Company, Year-End 2011 49
5 Carbon Fiber High Performance Composite Demand
by Market 53
6 S-Glass Fiber Demand in High Performance Composites 55
7 S-Glass Fiber High Performance Composite Demand
by Market 58
8 Aramid Fiber Demand in High Performance Composites 61
9 Aramid Fiber High Performance Composite Demand
by Market 65
10 Other Fiber Demand in High Performance Composites 67
11 Other Fiber High Performance Composite Demand by Market 70
SECTION IV -- MARKETS2 Aerospace Equipment Shipments 76
3 Aerospace Markets For High Performance Composites
by Sector, Market, & Resin 79
4 Commercial Airliner High Performance Composite Demand
by Manufacturer & Fiber 83
5 Military Aircraft High Performance Composite Demand
by Segment & Fiber 86
6 Other Aerospace High Performance Composite Demand
by Segment & Fiber 88
7 Industrial & Automotive Markets for High Performance
Composites by Segment, Fiber, & Resin 90
8 Industrial High Performance Composite Demand by Fiber 92
9 Motor Vehicle Indicators 95
10 Motor Vehicle High Performance Composite Demand
by Fiber 98
11 Pressure Vessel High Performance Composite Demand
by Fiber 100
12 Government & Defense Expenditures 102
13 Defense & Safety Markets for High Performance Composites
by Segment, Fiber, & Resin 105
14 Energy Markets for High Performance Composites
by Segment, Fiber, & Resin 107
15 Wind Energy Indicators 109
16 Wind Energy High Performance Composite Demand by Fiber 112
17 Oil & Gas Drilling Indicators 115
18 Oil & Gas High Performance Composite Demand by Fiber 117
19 Consumer Markets for High Performance Composites
by Segment, Fiber, & Resin 119
20 Sporting Goods Shipments 121
21 Sporting Goods High Performance Composite Demand
by Fiber 124
22 Recreational Boating Shipments 126
23 Marine High Performance Composite Demand by Fiber 127
24 Medical Products & Equipment Demand 129
25 Medical & Other Consumer High Performance Composite
Demand by Fiber 131
26 Construction & Other Markets for High Performance
Composites by Segment, Fiber, & Resin 133
27 Nonbuilding Construction Expenditures 135
28 Construction High Performance Composite Demand by Fiber 137
29 All Other High Performance Composite Demand by Fiber 138
SECTION V -- RESINS2 Epoxy High Performance Composite Demand by Market 143
3 Thermoplastic High Performance Composite Demand
by Market 145
4 Polyester High Performance Composite Demand by Market 147
5 Phenolic Resin High Performance Composite Demand
by Market 149
6 Other Resin High Performance Composite Demand by Market 151
SECTION VI -- INDUSTRY STRUCTUREby Company, 2011 153
2 Selected Acquisitions & Divestitures 160
3 Selected Cooperative Agreements 167
LIST OF CHARTS SECTION II -- MARKET ENVIRONMENT2 High Performance Composite Demand, 2001-2011 30
3 World High Performance Composite Demand, 2011 37
SECTION III -- FIBERS
1 High Performance Composite Demand by Fiber, 2011 40
2 Fiber Demand in High Performance Composites 43
3 Carbon Fiber Capacity Share by Company, 2011 50
SECTION IV -- MARKETS
1 High Performance Composite Demand by Market, 2001-2011 74
2 Aerospace Markets for High Performance Composites
by Sector, 2001-2011 80
SECTION V -- RESINS
1 High Performance Composite Demand by Resin, 2011 141
SECTION VI -- INDUSTRY STRUCTURE
1 US High Performance Composite Market Leaders 156
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