According to a recent poll of Composites Manufacturing readers, the three fastest growing composite markets are automotive at nearly 30 percent, followed closely by aerospace and renewable energies.
With automotive manufacturers focused on lightweighting, composites have seen a jump in materials interest and adoption, both in high performance and the GFRP markets. Aerospace has seen a similar jump with the roll-out of the composite-laden Boeing 787 and the Airbus A350, not to mention a composite focus within military applications. However, the huge demand for renewable energies over the past 5-10 years is declining, especially within the wind energy sector due to lapsing tax credits. How this will effect the composites industry is yet to be seen.
Other markets surveyed include infrastructure (9%), military (6%), sports & rec (4%), marine (3%) and other (2%).