Automotive Market Growth Driven The Composite Materials Market Growth

With the growing Chinese auto sales, composite materials market in China also will be high speed in the future. Therefore, for the Chinese market demand for composite materials, JEC Composites Asia International Exhibition will be committed to the promotion of Chinese market, and maximize the area of composite materials industry of the great potential.

According to statistics, China will account for 43% of the global composites market share by 2013, while the automotive industry, construction industry, will be the largest user of the market. Thus, with the Chinese auto market become the world’s largest auto market in 2009, China’s auto industry demand for composite materials will also increased dramatically.

From the global perspective, the automotive industry is the largest user of composite materials, and is still enormous potential for future development, there are still many new technologies under development.

For example, to reduce engine noise, increase the car’s comfort, we focusing on the development of vibration damping steel sheet; in order to meet the engine to the high-speed, supercharged, high-load requirements of the development direction of the engine piston, connecting rod, bush has begun to apply metal matrix composites material; in order to meet the demands lightweight cars, more and more new types of composite materials is applied to the automotive industry, such as major automobile giants are now in the production models, equipped with interior parts made of composite materials.

JEC Composites 2010, the Group published the annual survey the market, this market is currently one of the important trend is the center of composite materials industry are from North America and Europe to Asia and China. In fact, the only Chinese composites market is steadily rising, and the whole Asia Pacific market is the composite sync up.

In the past few years, the Asia-Pacific region has made considerable composite materials market development. Asian market will double production of composite materials, it is expected to reach 10 million tons by 2015. Strong economic growth will continue to promote the development of the Asian composite materials industry, China, India and other major markets, rapid growth will appear. The Asian market size of composite materials has more than 18 billion euros.

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