The organizations of the China Composites show in Shanghai, China, said that it welcomed about 600 exhibitors and over 20,000 visitors to the exhibition.
The event, reportedly the first composites trade show worldwide since the Covid-19-crisis, mostly involved Chinese companies.
‘The Chinese market is picking up again; a price increase of 7% for glass fibers was announced right before the China Composites Show, on August 25th 2020, which was even leading to a temporary material shortage,’ said Chinese Reach Group president Daniel He. ‘Today, the most booming industries in China are wind energy, building and infrastructure and innovation for electric cars. Unlike the rest of the world, where the aircraft industry undergoes a deep decline, in China it takes up by 50%, which is very promising. Furthermore, we expect half a year for a full recovery of the industry, while the China growth of 2020 is still expected to be between 2 and 4%.’
This story uses material from China Composites, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
