Report forecasts composites industry trends
Global growth for materials is forecast at 5.2 percent to reach $25.5 billion in 2014 with future opportunities in materials, processes and applications.
Market research and consulting firm, Lucintel (Irving, Texas, USA) has released “Composites Industry Outlook 2014” and “Innovation Mega Trends in Composites.” The industry outlook report includes forecasts for global and regional materials and end product markets and looks at upcoming projects in transportation, energy, and infrastructure that will impact composites.
The innovation mega trends report explores movement in applications such as automotive, aerospace and energy sectors, and also at developments in materials including fibers, resins and cores. Overall directions for technology in composites are detailed as well; for example, faster cycle times, lower costs, carbon composites recycling, improved reinforcement conversion, higher performance inline compound molding and out-of-autoclave processing.