High Performance Composites

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High performance composite demand will be fueled by high growth in the commercial airliner market as well as in emerging applications such as wind turbines and pressure vessels.

US demand to rise 14.7% annually through 2016

US demand for high performance composites -- i.e., polymer materials containing advanced fiber reinforcements -- is forecast to rise almost 15 percent per year to $10.2 billion in 2016. Advances will represent a considerable improvement over the pedestrian growth of the 2006-2011 period, during which composite demand was hampered by declines in military and sporting goods applications. Going forward, high performance composite demand will be fueled by tremendous growth in the commercial airliner market as well as emerging opportunities in applications such as wind turbines and pressure vessels. However, the relatively high cost and labor-intensive production of advanced composites will prevent these materials from penetrating high volume and price-sensitive markets.

Aerospace to remain leading market

Aerospace markets will remain the leading outlet for high performance composites in 2016 and will be by far the fastest-growing. 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. The production ramp up of the Boeing 787 DREAMLINER, which has more than 50 percent composite content, will drive the bulk of the increases in high performance composite demand. Rising production of other composite-intensive airliners, such as the Airbus A380 and A350 XWB, will also benefit demand.

Outside of aerospace applications, another strong area of growth for high performance composites is the burgeoning wind energy market. Much slower growth is expected for defense and safety applications -- due to a 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 their use continues to be restrained by high cost and slow production speeds.

Carbon fiber to remain largest product segment

Among product types, carbon fiber composites will continue to account for the largest portion of demand, totaling 83 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 least costly of all advanced composites -- will also see double-digit gains in demand, fueled by opportunities in aerospace, wind energy, and pressure vessel markets.

Study Scope

This study analyzes the $5.1 billion US high performance composite industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by fiber (e.g., carbon fiber, s-glass, aramid fiber), market (e.g., aerospace, industrial and automotive, defense and safety, energy, consumer, construction) and resin (e.g., epoxy, thermoplastics, polyester, phenolics).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 36 industry players, including Hexcel, Cytec and Toray.

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  1. High Performance Composites

    $4,900.00

    1. 1 INTRODUCTION

      $136.00

    2. 2 EXECUTIVE SUMMARY

      $175.00

      1. Table | HIGH PERFORMANCE COMPOSITE DEMAND (million dollars)

    3. 3 MARKET ENVIRONMENT

      $1,968.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Overview

        $205.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)

      3. 3.3 Consumer Income & Spending

        $157.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES (billion dollars)

      4. 3.4 Manufacturing Outlook

        $214.00

        1. Table | MANUFACTURERS' SHIPMENTS (billion dollars)

      5. 3.5 Fiber-Reinforced Plastics Outlook

        $154.00

        1. Table | FIBER-REINFORCED PLASTICS DEMAND

      6. 3.6 Technology

        $311.00

        1. 3.6.1 Composites Overview

          $131.00

        2. 3.6.2 Composite Processing

          $158.00

      7. 3.7 Competitive Materials

        $103.00

      8. 3.8 Regulatory Issues

        $120.00

      9. 3.9 Recycling

        $83.00

      10. 3.10 Historical Market Trends

        $120.00

        1. Table | HIGH PERFORMANCE COMPOSITE DEMAND, 2001-2011

      11. 3.11 Pricing Trends

        $140.00

        1. Table | HIGH PERFORMANCE COMPOSITE PRICING (dollars per pound)

      12. 3.12 Foreign Trade

        $131.00

      13. 3.13 International Activity

        $159.00

        1. Table | WORLD HIGH PERFORMANCE COMPOSITE DEMAND BY REGION (million dollars)

    4. 4 FIBERS

      $1,698.00

      1. 4.1 General

        $98.00

        1. Table | HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)

      2. 4.2 Fiber Materials

        $142.00

        1. Table | FIBER DEMAND IN HIGH PERFORMANCE COMPOSITES (million pounds)

      3. 4.3 Carbon Fiber

        $497.00

        1. 4.3.1 Materials

          $179.00

          1. Table | CARBON FIBER DEMAND IN COMPOSITES BY SIZE & PROCESS (million pounds)

        2. 4.3.2 Producers

          $122.00

          1. Table | CARBON FIBER PRODUCTION CAPACITY BY COMPANY, YEAR-END 2011 (million pounds)

        3. 4.3.3 Composites

          $174.00

          1. Table | CARBON FIBER HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)

      4. 4.4 S-Glass

        $330.00

        1. 4.4.1 Materials

          $96.00

          1. Table | S-GLASS FIBER DEMAND IN HIGH PERFORMANCE COMPOSITES (million pounds)

        2. 4.4.2 Producers

          $82.00

        3. 4.4.3 Composites

          $139.00

          1. Table | S-GLASS FIBER HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)

      5. 4.5 Aramid Fiber

        $364.00

        1. 4.5.1 Materials

          $115.00

          1. Table | ARAMID FIBER DEMAND IN HIGH PERFORMANCE COMPOSITES (million pounds)

        2. 4.5.2 Producers

          $82.00

        3. 4.5.3 Composites

          $149.00

          1. Table | ARAMID FIBER HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)

      6. 4.6 Other Fibers

        $266.00

        1. 4.6.1 Materials

          $115.00

          1. Table | OTHER FIBER DEMAND IN HIGH PERFORMANCE COMPOSITES

        2. 4.6.2 Producers

          $82.00

        3. 4.6.3 Composites

          $82.00

          1. Table | OTHER FIBER HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)

    5. 5 MARKETS

      $3,491.00

      1. 5.1 General

        $150.00

        1. Table | HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)

      2. 5.2 Aerospace

        $724.00

        1. 5.2.1 Aerospace Industry Outlook

          $82.00

          1. Table | AEROSPACE EQUIPMENT SHIPMENTS

        2. 5.2.2 High Performance Composite Demand

          $621.00

          1. Table | AEROSPACE MARKET FOR HIGH PERFORMANCE COMPOSITES BY SECTOR, FIBER, & RESIN (million dollars)

          2. Table | COMMERCIAL AIRLINER HIGH PERFORMANCE COMPOSITE DEMAND BY MANUFACTURER & FIBER (million dollars)

          3. Table | MILITARY AIRCRAFT HIGH PERFORMANCE COMPOSITE DEMAND BY SEGMENT & FIBER (million dollars)

          4. Table | OTHER AEROSPACE HIGH PERFORMANCE COMPOSITE DEMAND BY SEGMENT & FIBER (million dollars)

      3. 5.3 Industrial & Automotive

        $669.00

        1. Table | INDUSTRIAL & AUTOMOTIVE MARKETS FOR HIGH PERFORMANCE COMPOSITES BY SEGMENT, FIBER, & RESIN (million dollars)

        2. 5.3.1 Industrial

          $114.00

          1. Table | INDUSTRIAL HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)

        3. 5.3.2 Motor Vehicles

          $337.00

          1. Table | MOTOR VEHICLE INDICATORS

          2. Table | MOTOR VEHICLE HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)

        4. 5.3.3 Pressure Vessels

          $121.00

          1. Table | PRESSURE VESSEL HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)

      4. 5.4 Defense & Safety

        $290.00

        1. 5.4.1 Government & Defense Spending Outlook

          $92.00

          1. Table | GOVERNMENT & DEFENSE EXPENDITURES (billion dollars)

        2. 5.4.2 High Performance Composite Demand

          $171.00

          1. Table | DEFENSE & SAFETY MARKETS FOR HIGH PERFORMANCE COMPOSITES BY SEGMENT, FIBER, & RESIN (million dollars)

      5. 5.5 Energy

        $604.00

        1. Table | ENERGY MARKETS FOR HIGH PERFORMANCE COMPOSITES BY SEGMENT, FIBER, & RESIN (million dollars)

        2. 5.5.1 Wind Energy

          $271.00

          1. Table | WIND ENERGY INDICATORS

          2. Table | WIND ENERGY HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)

        3. 5.5.2 Oil & Gas

          $263.00

          1. Table | OIL & GAS DRILLING INDICATORS

          2. Table | OIL & GAS HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)

      6. 5.6 Consumer

        $738.00

        1. Table | CONSUMER MARKETS FOR HIGH PERFORMANCE COMPOSITES BY SEGMENT, FIBER, & RESIN (million dollars)

        2. 5.6.1 Sporting Goods

          $257.00

          1. Table | SPORTING GOODS SHIPMENTS

          2. Table | SPORTING GOODS HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)

        3. 5.6.2 Marine

          $171.00

          1. Table | RECREATIONAL BOATING SHIPMENTS (million dollars)

          2. Table | MARINE HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)

        4. 5.6.3 Medical & Other

          $223.00

          1. Table | MEDICAL PRODUCTS & EQUIPMENT DEMAND (billion dollars)

          2. Table | MEDICAL & OTHER CONSUMER HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)

      7. 5.7 Construction & Other

        $316.00

        1. Table | CONSTRUCTION & OTHER MARKETS FOR HIGH PERFORMANCE COMPOSITES BY SEGMENT, FIBER, & RESIN (million dollars)

        2. 5.7.1 Construction

          $202.00

          1. Table | NONBUILDING CONSTRUCTION EXPENDITURES (billion dollars)

          2. Table | CONSTRUCTION HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)

        3. 5.7.2 All Other

          $82.00

          1. Table | ALL OTHER HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)

    6. 6 RESINS

      $673.00

      1. 6.1 General

        $95.00

        1. Table | HIGH PERFORMANCE COMPOSITE DEMAND BY RESIN (million dollars)

      2. 6.2 Epoxy

        $111.00

        1. Table | EPOXY HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)

      3. 6.3 Thermoplastics

        $147.00

        1. Table | THERMOPLASTIC HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)

      4. 6.4 Polyester

        $109.00

        1. Table | POLYESTER HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)

      5. 6.5 Phenolics

        $87.00

        1. Table | PHENOLIC RESIN HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)

      6. 6.6 Other

        $123.00

        1. Table | OTHER RESIN HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)

    7. 7 INDUSTRY STRUCTURE

      $4,931.00

      1. 7.1 General

        $110.00

        1. Table | US HIGH PERFORMANCE COMPOSITE INDUSTRY SALES BY COMPANY, 2011

      2. 7.2 Market Share

        $248.00

      3. 7.3 Acquisitions & Divestitures

        $104.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      4. 7.4 Marketing & Distribution

        $115.00

      5. 7.5 Research & Development

        $109.00

      6. 7.6 Competitive Strategies

        $105.00

      7. 7.7 Cooperative Agreements

        $164.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      8. 7.8 Company Profiles

        $4,638.00

        1. 7.8.1 AGY Holding Corporation

          $116.00

        2. 7.8.2 Albany International Corporation

          $143.00

        3. 7.8.3 Aldila Incorporated

          $82.00

        4. 7.8.4 Alliant Techsystems Incorporated

          $111.00

        5. 7.8.5 Argosy International Incorporated

          $82.00

        6. 7.8.6 Automated Dynamics

          $82.00

        7. 7.8.7 Barrday Corporation

          $82.00

        8. 7.8.8 Boeing Company

          $163.00

        9. 7.8.9 Cytec Industries Incorporated

          $312.00

        10. 7.8.10 DuPont (EI) de Nemours

          $158.00

        11. 7.8.11 Fiberforge Corporation

          $82.00

        12. 7.8.12 GKN plc

          $135.00

        13. 7.8.13 Hexcel Corporation

          $269.00

        14. 7.8.14 Honeywell International Incorporated

          $127.00

        15. 7.8.15 Huntsman Corporation

          $82.00

        16. 7.8.16 LCOA Composites Incorporated

          $82.00

        17. 7.8.17 Mitsubishi Rayon Company Limited

          $195.00

        18. 7.8.18 Momentive Performance Materials Holdings LLC

          $147.00

        19. 7.8.19 Owens Corning

          $126.00

        20. 7.8.20 Park Electrochemical Corporation

          $103.00

        21. 7.8.21 Plasan Carbon Composites Incorporated

          $82.00

        22. 7.8.22 Polystrand Incorporated

          $82.00

        23. 7.8.23 Premix Incorporated

          $90.00

        24. 7.8.24 Royal DSM NV

          $135.00

        25. 7.8.25 Royal Ten Cate NV

          $273.00

        26. 7.8.26 SAERTEX GmbH & Company KG

          $85.00

        27. 7.8.27 Saudi Basic Industries Corporation

          $117.00

        28. 7.8.28 SGL Carbon SE

          $205.00

        29. 7.8.29 Spirit AeroSystems Holdings Incorporated

          $132.00

        30. 7.8.30 Teijin Limited

          $201.00

        31. 7.8.31 Toray Industries Incorporated

          $128.00

        32. 7.8.32 TPI Composites Incorporated

          $82.00

        33. 7.8.33 Triumph Group Incorporated

          $185.00

        34. 7.8.34 Umeco plc

          $109.00

        35. 7.8.35 Victrex plc

          $113.00

        36. 7.8.36 Zoltek Corporation

          $129.00

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