Visiongain expects that innovations by both composite producers and composite consumer demand will result in a healthy growth in the composite market. The recovering global economy and technological innovations are lifting the sectors that account for the majority of composite consumption; namely Transportation, Aviation and Energy.
Visiongain's analysis indicates that the global composite market will be worth $66.7 Billion in 2013, and will be driven by growth in the both emerging and developed markets, in addition to a number of favourable design and technological advances made by end-use consuming sectors.
Increasing fuel costs and price volatility has resulted in significant consumer demand and/or government intervention towards vehicles that offer increased fuel efficiency. This has provided the incentive for automobiles of their vehicles and aerospace manufacturers to reduce the weight of their aircraft.