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The US is a key geography for the global composites industry as it represents around third of its (32 % in value and 28 % in volume). The new JEC study analyses the US composites industry. It presents historical demand data and forecast by sectors.
The United States accounts for about a third of the global composite industry’s overall value, so it constitutes a key geographical area for that sector.The country also leads in terms of composite penetration rate, with around 7 kg per capita (versus ~4 kg in Europe and ~2 kg in China).Global leadersThe US composite industry also has a number of representative global leaders covering all key stages of the value chain:
Main trendsPlayers in the American composite industry benefit from three global trends:
Annual growthThe recovery growth prospects for the U.S. composite industry are promising, with annual growth at an expected 5% over the next five years, or approximately 25% of global growth. By 2018, about 70% of the US composite industry’s growth in value should be driven by three segments: aerospace (~30%), automotive (~25%) and construction (~15%).Aerospace, automotive and constructionDue to their strong competitive position in the global aerospace industry, U.S. aerospace composite players (who account for about 60% of the global market share) are expected to capture a large share of the growth of the global fleet of commercial aircraft. About 37% of this growth will come from emerging Asian countries. With a 40% share, the U.S. market dominates the global automotive composite market. Driven by further penetration of composites (thanks to new fuelefficiency and CO2-emission standards, innovation, and new materials such as natural fibres), this market should continue to grow. U.S. automotive composite players are likely to aim at further growth through an accelerated growth strategy in China, which is – and will remain – the leading market for global automotive applications. In the building and construction sector, U.S. companies are leading innovation efforts in bridge and residential-housing applications. The growth of U.S. players in this segment will be driven by the repair of ageing infrastructure in the U.S. (especially bridges), the recovery of the U.S. residential housing market, and – for U.S. multinationals – continuing urbanization in emerging Asia.This study will be available on JEC Americas-Atlanta, May 13th-15th. Price: US$150 More information:www.jeccomposites.com
For its third edition, JEC Americas is held on May 13, 14 and 15, 2014 in Atlanta. As for all JEC Events, many innovations are showcased during this trade show... from Americas and from abroad......