Varied Composites Picture
However, the composites segment has not regained its high level of 2007. While German producers have steadily increased their production following steep downturns in 2008 and 2009, production declined in Europe in 2012 and 2013, particularly in Spain and France owing to weak demand from the automotive and construction sectors; the fastest growing markets were wind energy and aerospace.
Germany is also the European market leader for composites, currently accounting for about a quarter of global market volume. It is notable that Turkey as well as Saudi Arabia individually now account for higher production volumes than any other European country, with growth driven by high demand in the construction, storage tank and pipeline sectors.
Trends in the construction and automotive sectors, particularly in the premium vehicle and truck segments where lightweight components are playing an increasingly important role and which declined sharply in 2008, are likely to have a greater impact in the future.
Varied Composites PictureHowever, the composites segment has not regained its high level of 2007. While German producers have steadily increased their production following steep downturns in 2008 and 2009, production declined in Europe in 2012 and 2013, particularly in Spain and France owing to weak demand from the automotive and construction sectors; the fastest growing markets were wind energy and aerospace.Germany is also the European market leader for composites, currently accounting for about a quarter of global market volume. It is notable that Turkey as well as Saudi Arabia individually now account for higher production volumes than any other European country, with growth driven by high demand in the construction, storage tank and pipeline sectors.Trends in the construction and automotive sectors, particularly in the premium vehicle and truck segments where lightweight components are playing an increasingly important role and which declined sharply in 2008, are likely to have a greater impact in the future.
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