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In 2010 JEC Composite estimated India’s size to be 0.3 million MT (or 300,000 tons), China’s size about 1.9 million MT and Japan’s size to be 500,000 tons.

09 Nov 2012

By Seshadri Ramkumar
BOSTON (Commodity Online):The global composites market at the end product level is valued at US $100 billion.
According to Paris based JEC Composites, the global composite industry in volume terms is 8.7 million metric tons (MT). Americas (USA and Canada) is worth US $35 billion, Europe’s market size is US $34 billion and Asia’s size is US $31 billion.

In 2010 JEC Composite estimated India’s size to be 0.3 million MT (or 300,000 tons), China’s size about 1.9 million MT and Japan’s size to be 500,000 tons.

India’s cumulative annual growth is estimated to be 24%, while China’s cumulative growth will be about 20%. The growth in developed economies will be slow while the overall global growth will be about 3 percentage. Although the composite industry is dominated by carbon and glass fibers, interest is emerging in alternative fibers such as flax and hemp.

(The author is Associate Professor at Texas Tech University, USA) 


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