After ratings of the current business situation in composite market had been steadily declining for nearly 2 years in succession, last year’s survey of Composites Germany already displayed a trend reversal towards a more positive outlook. This positive trend has now continued in the latest survey, with entirely positive ratings for all 3 regions (Germany, Europe and worldwide): 80% described the current general business situation as either positive or indeed very positive.
For the 17th time, the trade association Composites Germany e.V., Berlin/Germany, has identified the latest key performance indicators (KPIs) for the fiber-reinforced plastics market. The survey covered all the member companies of the 3 major umbrella organizations of Composites Germany: Industrievereinigung Verstärkte Kunststoffe e.V. (AVK), Frankfurt/Germany, Leichtbau Baden-Württemberg GmbH, Stuttgart/Germany, and the VDMA Working Group on Hybrid Lightweight Construction Technologies, Frankfurt.
The positive prevailing mood is further reinforced by positive expectations for the future: e.g. more than 80% of respondents are expecting the business situation in Europe to improve over the next 6 months. The pattern is similar for the other regions.
Expectations on selected application industries vary substantially. Significant declines are expected again, above all, in automotive, aviation and wind energy (see Fig.). However, the proportion of respondents giving more pessimistic assessments has once again declined significantly: Whereas, in the last survey, 46% were expecting to see the situation get worse in aviation, this is now 17%. In the automotive sector, it has dropped from 17% (H2/2020) to only 14%.
As before, the current market survey shows Germany, Europe and Asia as the global regions expected to deliver the most important growth stimuli for the composites segment. Expectations for Asia, on the other hand, have declined somewhat in favor of Europe.