Growth Opportunities in the Chinese Composites Market 2013-2018, April 2013
The composites market in China is expected to witness significant growth over the next five years and reach an estimated $11.5 billion in 2018. While the economic crisis will affect the industry negatively in the near term, substantial opportunities exist in the long run due to the trends in demand quantity and growth based on the various application markets. Although there are valid concerns due to global economic instability, the demand for composites products is anticipated to continue due to superior performance.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on this market and presents its findings in ?Growth Opportunities in the Chinese Composites Market 2013-2018.? Major composites market segments such as construction, transportation, and electrical and electronics (E&E) experienced good growth in 2012. In terms of value of shipments, the largest consumer of composites shipment materials was the E&E sector, followed by the pipe and tank sector. According to the study, aerospace and defense, marine, and E&E are expected to maintain healthy growth during 2013-2018.
In the future, Lucintel expects higher market fragmentation due to the emerging Chinese economy. Significant technology transfer is expected from the US and European countries to China. A significant number of joint ventures (JVs) are anticipated in the next five years. JVs already have been established in the grating, pultrusion, automotive, wind energy, and printed circuit board markets. A significant improvement is expected in capacity for high-volume production processes such as compression molding (SMC) and pultrusion.
Lucintel’s study indicates that new business models need to be reinvented to address a fastchanging complex world. Quarterly demands on composites shipment monitored by Lucintel present significant changes (up to 40% change quarter by quarter) in various market segments; thus, companies need to react quickly to meet market needs.
The report, which provides trend scenarios and forecast statistics for 2013-2018, details industry drivers and challenges, analyzes composites markets by type of resin and applications, and highlights major multinational players. The study also describes export and import markets, tariff on resins and fiberglass materials, and more.
This unique report from Lucintel is expected to provide valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report is estimated to save hundreds of hours of your own personal research time and is anticipated to significantly help in expanding your business in this market. In today’s unstable economy, you need every advantage that you can find to keep you ahead in your business.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on this market and presents its findings in ?Growth Opportunities in the Chinese Composites Market 2013-2018.? Major composites market segments such as construction, transportation, and electrical and electronics (E&E) experienced good growth in 2012. In terms of value of shipments, the largest consumer of composites shipment materials was the E&E sector, followed by the pipe and tank sector. According to the study, aerospace and defense, marine, and E&E are expected to maintain healthy growth during 2013-2018.
In the future, Lucintel expects higher market fragmentation due to the emerging Chinese economy. Significant technology transfer is expected from the US and European countries to China. A significant number of joint ventures (JVs) are anticipated in the next five years. JVs already have been established in the grating, pultrusion, automotive, wind energy, and printed circuit board markets. A significant improvement is expected in capacity for high-volume production processes such as compression molding (SMC) and pultrusion.
Lucintel’s study indicates that new business models need to be reinvented to address a fastchanging complex world. Quarterly demands on composites shipment monitored by Lucintel present significant changes (up to 40% change quarter by quarter) in various market segments; thus, companies need to react quickly to meet market needs.
The report, which provides trend scenarios and forecast statistics for 2013-2018, details industry drivers and challenges, analyzes composites markets by type of resin and applications, and highlights major multinational players. The study also describes export and import markets, tariff on resins and fiberglass materials, and more.
This unique report from Lucintel is expected to provide valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report is estimated to save hundreds of hours of your own personal research time and is anticipated to significantly help in expanding your business in this market. In today’s unstable economy, you need every advantage that you can find to keep you ahead in your business.
1. EXECUTIVE SUMMARY
2. CHINESE ECONOMY
2.1: The Chinese economy at a glance
2.2: GDP forecast, consumer confidence
2.3: Factors influencing the Chinese economy
2.4: Shortcomings and challenges
3. EVOLUTION OF THE COMPOSITES MARKET IN CHINA
3.1: Brief history of the Chinese composites market
3.2: Evolution of the composites market in China
4. CHINA FIBERGLASS MARKET ANALYSIS 2012
4.1: Market size of fiberglass in China
4.2: Fiberglass market by product form
4.2.1: Single-end rovings
4.2.2: Multi-end rovings
4.2.3: CSM
4.2.4: Veil
4.2.5: Stitched mat
4.2.6: Fabrics
4.2.7: DUCS
4.2.8: Woven rovings
5. CHINA RESIN MARKET ANALYSIS 2012
5.1: Resin market by type
5.2: Unsaturated polyester resin market
6. CHINA COMPOSITES MARKET ANALYSIS 2012
6.1: Composites market by type of resin
6.2: Composites market by applications
6.2.1: Pipe and tank
6.2.2: Marine
6.2.3: Wind energy
6.2.4: Transportation
6.2.5: Electrical
6.2.6: Construction
6.2.7: Aerospace/Defense
6.3: Composites market by manufacturing process
7. CHINA COMPOSITES MARKET TRENDS 2007-2012
7.1: Trends from the molders’ (OEMs’) perspective
7.2: Trends from the material suppliers’ perspective
7.3: Trend in Chinese composites market
7.4: Trend in Chinese composites market by applications
8. CHINA COMPOSITES MARKET FORECASTS 2013-2018
8.1: Forecast in Chinese composites market
8.1.1: Forecasts from the molders’ (OEMs’) perspective
8.1.2: Forecasts from the material suppliers’ perspective
8.2: Forecast in Chinese composites market by applications
9. EMERGING AND GROWTH MARKETS
10. MULTINATIONALS IN CHINA
10.1: Multinationals entrance to Chinese markets
10.2: Multinationals’ strategies for the Chinese market
10.3: Major multinationals in China for the composites market
10.3.1: Multinationals in material suppliers’ category
10.3.2: Multinationals in molders/OEM category
11. EXPORT AND IMPORT MARKET
12. TARIFF ON RESINS AND FIBERGLASS MATERIALS
12.1: Tariff rates applied by China to imports of resins
12.2: Tariff rates applied by China to imports of fiberglass
2. CHINESE ECONOMY
2.1: The Chinese economy at a glance
2.2: GDP forecast, consumer confidence
2.3: Factors influencing the Chinese economy
2.4: Shortcomings and challenges
3. EVOLUTION OF THE COMPOSITES MARKET IN CHINA
3.1: Brief history of the Chinese composites market
3.2: Evolution of the composites market in China
4. CHINA FIBERGLASS MARKET ANALYSIS 2012
4.1: Market size of fiberglass in China
4.2: Fiberglass market by product form
4.2.1: Single-end rovings
4.2.2: Multi-end rovings
4.2.3: CSM
4.2.4: Veil
4.2.5: Stitched mat
4.2.6: Fabrics
4.2.7: DUCS
4.2.8: Woven rovings
5. CHINA RESIN MARKET ANALYSIS 2012
5.1: Resin market by type
5.2: Unsaturated polyester resin market
6. CHINA COMPOSITES MARKET ANALYSIS 2012
6.1: Composites market by type of resin
6.2: Composites market by applications
6.2.1: Pipe and tank
6.2.2: Marine
6.2.3: Wind energy
6.2.4: Transportation
6.2.5: Electrical
6.2.6: Construction
6.2.7: Aerospace/Defense
6.3: Composites market by manufacturing process
7. CHINA COMPOSITES MARKET TRENDS 2007-2012
7.1: Trends from the molders’ (OEMs’) perspective
7.2: Trends from the material suppliers’ perspective
7.3: Trend in Chinese composites market
7.4: Trend in Chinese composites market by applications
8. CHINA COMPOSITES MARKET FORECASTS 2013-2018
8.1: Forecast in Chinese composites market
8.1.1: Forecasts from the molders’ (OEMs’) perspective
8.1.2: Forecasts from the material suppliers’ perspective
8.2: Forecast in Chinese composites market by applications
9. EMERGING AND GROWTH MARKETS
10. MULTINATIONALS IN CHINA
10.1: Multinationals entrance to Chinese markets
10.2: Multinationals’ strategies for the Chinese market
10.3: Major multinationals in China for the composites market
10.3.1: Multinationals in material suppliers’ category
10.3.2: Multinationals in molders/OEM category
11. EXPORT AND IMPORT MARKET
12. TARIFF ON RESINS AND FIBERGLASS MATERIALS
12.1: Tariff rates applied by China to imports of resins
12.2: Tariff rates applied by China to imports of fiberglass
LIST OF FIGURES
Chapter 1. Executive Summary
Figure 1.1: Porter’s five forces analysis for the Chinese composites industry
Chapter 2. Chinese Economy
Figure 2.1: Trend (2007-2012) in total export market for China
Figure 2.2: Trend (2007-2012) in total import market for China
Figure 2.3: GDP growth trends and forecasts for China
Chapter 3. Evolution of the Composites Market in China
Figure 3.1: Evolution in composites application development in China
Figure 3.2: Composites application development by year in China
Chapter 4. China Fiberglass Market Analysis 2012
Figure 4.1: Comparison of Chinese fiberglass market with the rest of the world in 2012
Figure 4.2: Fiberglass applications by manufacturing process and reinforcement form
Figure 4.3: Consumption of fiberglass by type of reinforcement form in 2012
Chapter 5. China Resin Market Analysis 2012
Figure 5.1: China composites market distribution (kilotons/million pounds) by resin type composites in 2012
Chapter 6. China Composites Market Analysis 2012
Figure 6.1: Chinese composites market by type of resin in 2012
Figure 6.2: Composites market breakdown in volume shipment by type of applications in China in 2012
Figure 6.3: Composites shipment value ($M) in various applications in 2012
Figure 6.4: Percentage of composites (kilotons/million pounds) in pipe market in 2012
Figure 6.5: Composites shipment value ($M) in pipe applications in 2012
Figure 6.6: Centrifugal casting pipe
Figure 6.7: Glass fiber reinforced vertical tank
Figure 6.8: Glass fiber reinforced horizontal tank
Figure 6.9: Percentage of composites in the marine market in 2012
Figure 6.10: Composites shipment value ($M) in marine applications in 2012
Figure 6.11: Factors influencing the luxury boat industry
Figure 6.12: Percentage of composites in the wind energy market in 2012
Figure 6.13: Composites shipment value ($M) in wind applications in 2012
Figure 6.14: Annual wind power installations in china (MW)
Figure 6.15: Cumulative wind power installations in China (MW)
Figure 6.16: Yearly forecast for wind power installations in China (MW)
Figure 6.17: Cumulative wind power installation forecast in China (MW)
Figure 6.18: Percentage of composites in automotive market in 2012
Figure 6.19: Composites shipment value ($M) in automotive applications in 2012
Figure 6.20: Different FRP automotive external parts
Figure 6.21: Trend in vehicles sold, 2002-2012 in China
Figure 6.22: Different FRP parts for railway applications
Figure 6.23: China transit authority composites crossties
Figure 6.24: Percentage of composites in electrical and others market in 2012
Figure 6.25: Composites shipment value ($M) in electrical applications in 2012
Figure 6.26: Flowchart for the production of printed circuit boards
Figure 6.27: Percentage of composites in the construction market in 2012
Figure 6.28: Composites shipment value ($M) in construction applications in 2012
Figure 6.29: Molded gratings for different applications
Figure 6.30: Percentage of composites in aerospace/defense market
Figure 6.31: Composites shipment value ($M) in aerospace/defense applications in 2012
Figure 6.32: China composites consumption (kilotons/million pounds) by manufacturing processes in 2012
Chapter 7. China Composites Market Trends 2007-2012
Figure 7.1: China composites shipment growth trends in volume (2007-2012)
Figure 7.2: Growth rates (%) in composites shipment by various market segments of the Chinese composites industry during 2007-2012
Figure 7.3: Composites market breakdown (kilotons/million pounds) by type of applications in China in 2007
Figure 7.4: Composites market breakdown (kiloton/million pounds) by type of applications in China in 2012
Figure 7.5: Composites market breakdown ($M) by type of applications in China in 2007
Figure 7.6: Composites market breakdown ($M) by type of applications in China in 2012
Chapter 8. China Composites Market Forecasts 2013-2018
Figure 8.1: China composites shipment growth forecast in volume (2013-2018)
Figure 8.2: Growth forecast in China composites shipment volume (kilotons/million pounds) by market segments in 2013
Figure 8.3: Average growth forecast in China composites shipment volume (kilotons/million pounds) by market segments in 2013-2018
Figure 8.4: Evolution in composites application development in China
Figure 8.5: GDP growth trends and forecasts for China
Figure 8.6: Regional GDP growth rate forecast at constant price
Figure 8.7: Forecast in different composites application/market in China
Figure 8.8: Composites market breakdown (kiloton/million pounds) by type of applications in China in 2013
Figure 8.9: Composites market breakdown (kiloton/million pounds) by type of applications in China in 2018
Figure 8.10: Composites market breakdown ($M) by type of applications in 2013
Figure 8.11: Composites market breakdown ($M) by type of applications in 2018
Chapter 9. Emerging and Growth Markets
Figure 9.1: Growth markets for Chinese composites industry
Figure 9.2: Growth opportunities in various market segments (2013-2018)
Figure 9.3: Composites end market potential for different scenarios in 2018
Figure 9.4: Composite materials consumption forecast for wind industry in China
Chapter 11. Export and Import Market
Figure 11.1: Trend in the export market for the last seven years in China
Figure 11.2: Trend in the import market for last seven years in China
Chapter 1. Executive Summary
Figure 1.1: Porter’s five forces analysis for the Chinese composites industry
Chapter 2. Chinese Economy
Figure 2.1: Trend (2007-2012) in total export market for China
Figure 2.2: Trend (2007-2012) in total import market for China
Figure 2.3: GDP growth trends and forecasts for China
Chapter 3. Evolution of the Composites Market in China
Figure 3.1: Evolution in composites application development in China
Figure 3.2: Composites application development by year in China
Chapter 4. China Fiberglass Market Analysis 2012
Figure 4.1: Comparison of Chinese fiberglass market with the rest of the world in 2012
Figure 4.2: Fiberglass applications by manufacturing process and reinforcement form
Figure 4.3: Consumption of fiberglass by type of reinforcement form in 2012
Chapter 5. China Resin Market Analysis 2012
Figure 5.1: China composites market distribution (kilotons/million pounds) by resin type composites in 2012
Chapter 6. China Composites Market Analysis 2012
Figure 6.1: Chinese composites market by type of resin in 2012
Figure 6.2: Composites market breakdown in volume shipment by type of applications in China in 2012
Figure 6.3: Composites shipment value ($M) in various applications in 2012
Figure 6.4: Percentage of composites (kilotons/million pounds) in pipe market in 2012
Figure 6.5: Composites shipment value ($M) in pipe applications in 2012
Figure 6.6: Centrifugal casting pipe
Figure 6.7: Glass fiber reinforced vertical tank
Figure 6.8: Glass fiber reinforced horizontal tank
Figure 6.9: Percentage of composites in the marine market in 2012
Figure 6.10: Composites shipment value ($M) in marine applications in 2012
Figure 6.11: Factors influencing the luxury boat industry
Figure 6.12: Percentage of composites in the wind energy market in 2012
Figure 6.13: Composites shipment value ($M) in wind applications in 2012
Figure 6.14: Annual wind power installations in china (MW)
Figure 6.15: Cumulative wind power installations in China (MW)
Figure 6.16: Yearly forecast for wind power installations in China (MW)
Figure 6.17: Cumulative wind power installation forecast in China (MW)
Figure 6.18: Percentage of composites in automotive market in 2012
Figure 6.19: Composites shipment value ($M) in automotive applications in 2012
Figure 6.20: Different FRP automotive external parts
Figure 6.21: Trend in vehicles sold, 2002-2012 in China
Figure 6.22: Different FRP parts for railway applications
Figure 6.23: China transit authority composites crossties
Figure 6.24: Percentage of composites in electrical and others market in 2012
Figure 6.25: Composites shipment value ($M) in electrical applications in 2012
Figure 6.26: Flowchart for the production of printed circuit boards
Figure 6.27: Percentage of composites in the construction market in 2012
Figure 6.28: Composites shipment value ($M) in construction applications in 2012
Figure 6.29: Molded gratings for different applications
Figure 6.30: Percentage of composites in aerospace/defense market
Figure 6.31: Composites shipment value ($M) in aerospace/defense applications in 2012
Figure 6.32: China composites consumption (kilotons/million pounds) by manufacturing processes in 2012
Chapter 7. China Composites Market Trends 2007-2012
Figure 7.1: China composites shipment growth trends in volume (2007-2012)
Figure 7.2: Growth rates (%) in composites shipment by various market segments of the Chinese composites industry during 2007-2012
Figure 7.3: Composites market breakdown (kilotons/million pounds) by type of applications in China in 2007
Figure 7.4: Composites market breakdown (kiloton/million pounds) by type of applications in China in 2012
Figure 7.5: Composites market breakdown ($M) by type of applications in China in 2007
Figure 7.6: Composites market breakdown ($M) by type of applications in China in 2012
Chapter 8. China Composites Market Forecasts 2013-2018
Figure 8.1: China composites shipment growth forecast in volume (2013-2018)
Figure 8.2: Growth forecast in China composites shipment volume (kilotons/million pounds) by market segments in 2013
Figure 8.3: Average growth forecast in China composites shipment volume (kilotons/million pounds) by market segments in 2013-2018
Figure 8.4: Evolution in composites application development in China
Figure 8.5: GDP growth trends and forecasts for China
Figure 8.6: Regional GDP growth rate forecast at constant price
Figure 8.7: Forecast in different composites application/market in China
Figure 8.8: Composites market breakdown (kiloton/million pounds) by type of applications in China in 2013
Figure 8.9: Composites market breakdown (kiloton/million pounds) by type of applications in China in 2018
Figure 8.10: Composites market breakdown ($M) by type of applications in 2013
Figure 8.11: Composites market breakdown ($M) by type of applications in 2018
Chapter 9. Emerging and Growth Markets
Figure 9.1: Growth markets for Chinese composites industry
Figure 9.2: Growth opportunities in various market segments (2013-2018)
Figure 9.3: Composites end market potential for different scenarios in 2018
Figure 9.4: Composite materials consumption forecast for wind industry in China
Chapter 11. Export and Import Market
Figure 11.1: Trend in the export market for the last seven years in China
Figure 11.2: Trend in the import market for last seven years in China
LIST OF TABLES
Chapter 1. Executive Summary
Table 1.1: Chinese composites market parameters and attributes ? materials
Table 1.2: China composites market parameters and attributes ? end product market
Chapter 2. Chinese Economy
Table 2.1: Structure of the economy
Table 2.2: Average annual growth percentages for different sectors
Table 2.3: Poverty and social status in 2010
Table 2.4: Trade for different industries from 1990 to 2010
Table 2.5: China development indicators in 2009-2012
Table 2.6: Selected comparative data for India and China 2000 and 2013
Chapter 6. China Composites Market Analysis 2012
Table 6.1: Number of boat enterprises by different areas in China
Table 6.2: Growth trends (2007-2012) for new and cumulative installations
Table 6.3: Growth forecast (2013-2018) for new and cumulative capacity
Table 6.4: Projects for rail (2010-2013)
Table 6.5: Ongoing high-speed network in China
Table 6.6: China’s total high-speed rail network
Table 6.7: Top 10 investors in 2012 in China
Table 6.8: Ranking of top three manufacturing processes based on annual composites consumption
Chapter 7. China Composites Market Trends 2007-2012
Table 7.1: Average annual growth rates in various applications by volume shipment in China during the last five years
Chapter 8. China Composites Market Forecasts 2013-2018
Table 8.1: Growth rates for one year (2013) and next five years in Chinese composites market
Table 8.2: GDP and unemployment rate for leading countries
Table 8.3: Interest and exchange rates for leading countries
Table 8.4: Emerging market indicators (economy and financial market)
Table 8.5: Forecast for various applications growth in the next five years (2013-2018)
Chapter 12. Tariff on Resins and Fiberglass Materials
Table 12.1: Tariff rates applied by China to resin imports in 2010
Table 12.2: Tariff rates applied by china to fiberglass imports in 2010
Chapter 1. Executive Summary
Table 1.1: Chinese composites market parameters and attributes ? materials
Table 1.2: China composites market parameters and attributes ? end product market
Chapter 2. Chinese Economy
Table 2.1: Structure of the economy
Table 2.2: Average annual growth percentages for different sectors
Table 2.3: Poverty and social status in 2010
Table 2.4: Trade for different industries from 1990 to 2010
Table 2.5: China development indicators in 2009-2012
Table 2.6: Selected comparative data for India and China 2000 and 2013
Chapter 6. China Composites Market Analysis 2012
Table 6.1: Number of boat enterprises by different areas in China
Table 6.2: Growth trends (2007-2012) for new and cumulative installations
Table 6.3: Growth forecast (2013-2018) for new and cumulative capacity
Table 6.4: Projects for rail (2010-2013)
Table 6.5: Ongoing high-speed network in China
Table 6.6: China’s total high-speed rail network
Table 6.7: Top 10 investors in 2012 in China
Table 6.8: Ranking of top three manufacturing processes based on annual composites consumption
Chapter 7. China Composites Market Trends 2007-2012
Table 7.1: Average annual growth rates in various applications by volume shipment in China during the last five years
Chapter 8. China Composites Market Forecasts 2013-2018
Table 8.1: Growth rates for one year (2013) and next five years in Chinese composites market
Table 8.2: GDP and unemployment rate for leading countries
Table 8.3: Interest and exchange rates for leading countries
Table 8.4: Emerging market indicators (economy and financial market)
Table 8.5: Forecast for various applications growth in the next five years (2013-2018)
Chapter 12. Tariff on Resins and Fiberglass Materials
Table 12.1: Tariff rates applied by China to resin imports in 2010
Table 12.2: Tariff rates applied by china to fiberglass imports in 2010
