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Analysis suggests that Asian countries are increasing their market share of global composite production at a faster rate than in the past few years. It is predicted that by 2015, the growth of the Asian market for composites will have doubled to reach 50% of total market volume – an estimated 5.15 metric tons (MT) out of a total 10.3 MT.
This idea of rapid growth was supported by a successful second year enjoyed by JEC Asia, which reported high participation rates for all of its programmes. Enriched with new conferences, forums, and new services such as the Business Meetings, Honorary Guests Programme and Networking Meetings, this international platform was joined by well-established brands and new players from India, the Middle East, and the Asia/Pacific region.
Forty-six out of the 345 participating companies at JEC Asia were exhibiting for the first time. These new exhibitors included leading companies from all over the world.
Specific Features of the Regional Market
The main topics at JEC Asia reflected the Asian markets. Unlike America or Europe, Asia’s main growth drivers are:
▪ Building and construction (equipment stage),
▪ Automotive (increasing local demand),
▪ Wind energy (driven by the combination of favourable public regulations and the possibility to exploit economically viable wind farms),
▪ Aeronautics (continuing penetration of composites due to weight reduction issues).
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