Results of the 18th Composites Market Survey now available

• Assessment of current business situation positive
• Future expectations subdued
• Investment climate friendly
• Varied expectations for application industries
• GRP is still a growth driver
• Composites Index is now positive

Both the economy in general and industry in particular are currently struggling with numerous challenges. They include the ongoing challenges of the coronavirus pandemic, the currently apparent shortage of raw materials and the lack of semiconductors with its massive impact on production, especially in two markets: passenger cars and commercial vehicles. The situation is extremely tense in some segments, while others are only marginally affected.
The composites industry is highly heterogeneous, and areas of application can be found in nearly all its relevant segments. These have been and still are being impacted by the above-mentioned effects in very different ways. Unlike the rather gloomy picture that is often expressed, the respondents in this latest survey give a somewhat more positive assessment of today’s business situation. 70% of respondents describe the current general situation as positive or even highly positive. The relevant index has therefore risen significantly, with values that are clearly approaching the pre-crisis level.

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Results of the 17th Composites Market Survey now available

• Highly positive rating of current business situation
• Future expectations are optimistic
• Varied expectations for application industries
• Still the same growth drivers

After ratings of the current business situation had been steadily declining for nearly two years in succession, last year’s survey already displayed a trend reversal towards a more positive outlook. This positive trend has now continued in the latest survey,  with entirely positive ratings for all three regions (Germany, Europe and worldwide). For example, 80% described the current general business situation as either positive or indeed very positive.

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Results of the 16th Composites Market Survey now available

• Assessment of current business situation is brightening up
• Future expectations positive
• Varied expectations for application industries
• GRP continues to be growth driver
• Composites Index is now positive

Following an extremely negative assessment of the prevailing business situation in the last survey, the latest survey is looking considerably brighter now. A highly positive trend is emerging for all three regions surveyed (worldwide, Europe and Germany). Whereas in last year’s survey an average of 85% described the prevailing business situation as either negative or even very negative, the most recent survey shows that, on average, 50% of all respondents are currently seeing the situation as fairly positive or very positive. 

Please read here the full article (PDF).