The Society of Plastics Engineers (SPE), held their 2011 Automotive Composites Conference & Exhibition (ACCE), the world’s leading automotive composites forum, in Troy, Michigan from September 13th – 15th. The JEC Group participated in the conference and presented a very interesting overall view of the composite industry.
According to the JEC Group, the composite industry is relatively recent (1940’s). The worldwide market in volume is 8 millions of tons. The value of the worldwide composite market is $86 billion. All segments, along the value chain, account for about 550,000 jobs world wide.
The value by region is North America (36%) or $31.5B, with the average unit price at 411.7/kg. Europe, which has reached a high level of technology, is valued at (33%) or $28.7B, with an average unit price of $12/kg. Asia and the rest of the world is valued at (31%) or $25.8B, with an average unit price of $8/kg.
The structure of the composites industry is comprised of raw material producers and equipment manufacturers (30%), semi-product processors (10%) , distributors (5%), and final processors (55%). The raw material producers, comprising of 30% of the industry, are made up of resin, fiber, and equipment manufacturers. The semi-product processors (10%) are comprised of prepreg, pellet and fabric producers. The distributors (5%) are comprised of direct sales and independent distributors. And, the final processors, comprising 55% of the industry, are comprised of manual, compression, injection and continuous processors.
As of 2010, the American composites market, by manufacturing process in volume, is comprised of injection processing (48%), continuous processing (25%), manual processing (16%), and compression processing (11%).
The American composites market, by application in volume is mainly made up of transportation (31%) and building and construction (15%), and E & E (15%). The remainder of the composites market is marine, consumer goods, aeronautics, wind energy, pipe & tank.
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