JEC publishes industry report

JEC has updated its overview report of the global composites market, now forecast up to 2026.

The JEC Observer, written in collaboration with strategy company Estin & Co, uses graphs, key figures, market dynamics, and insights to illustrate the state of composites globally.

The report will cover the effect of the Covid-19 pandemic and what the industry should expect over the next four years.

“Following a decline in production volumes in 2020, the global composite materials industry is returning to pre-pandemic growth rates, with the energy, E&E, construction, marine and consumer goods markets showing the fastest recoveries,” JEC said. “New growth opportunities are also opening up in emerging sectors such as electric and hydrogen vehicles. And the list goes on from marine, sports and recreation, to medical, electrical and electronics and oil and gas, to furniture and design, defence and security, renewable energy and much more. Today and tomorrow, composites providing higher performing, lighter, more energy-efficient and more durable products, will reach an ever-increasing range of applications and markets.”

The report can be found here (pdf).