Market report 2018
04 DEC 2018
The European GRP market in 2018 : The trend of growth continues
For the sixth consecutive year, the European glass fibre reinforced plastics (GRP) market grew in the European countries surveyed in this report. Com-pared to 2017, the European GRP market is expected to grow again by around 2 % to an estimated total of 1.141 million tonnes.
Despite the advances, strong growth, and many innovations in other segments of the fibre reinforced plastics/composites market, GRP still remains the domi-nant material in the composites market with a market share of over 95 %.
As in previous years, the generally positive trend in the European GRP market is more complex than it first appears with very strong regional and application- or process-specific differences.
Development of the global CF-Demand
For 2017, a global demand for CF of 70,5k tons was evaluated. This represents a growth of about 11% and slightly exceeds the expectations of previous year`s report. Since 2010, the annual growth rate is found to be 11,45% (CAGR). On this basis, for 2018 a global CF-Demand of about 78,5k tons can be estimated. The worldwide turnover for CF in 2017 was about 2,59 bn US$, achieving a growth of 10,7% com-pared to the year before. This corresponds to an average annual growth of 11,10% since 2013 (CAGR). Thus an overall turnover of 2,88 bn US$ can be outlined for 2018.