AVK Market Report 2020: Market developments, trends, outlooks and challenges

AVK – Industrievereinigung Verstärkte Kunststoffe e.V. (Industry Association for Reinforced Plastics) has just released its annual report on the GRP composites market. According to the report, the market in question is experiencing for the first time one of the strongest collapses since the 2008/2009 economic and financial crisis. This decline is no doubt due to the coronavirus pandemic that has been going on since February. 

The total production volume decreased by 12.7%. The biggest losses are recorded in the transport sector, also the automotive and aeronautical fields are affected by this crisis.

AVK Market Report 2020 analyzes only those European countries whose production quantities can be effectively registered. Germany remains the largest manufacturer of GRP with 207,000 tonnes.

Glass Fibre Reinforced systems (GRP)

Regardless of the other market segments, the dominant materials that are chosen in terms of quantity are still glass fibre reinforced systems. More than 90% of fibre reinforced plastics/composites production is made from glass fibre.

However, it should be noted that the declines in the GRP sector will be worse than those in the overall economy. This because the two main customers for GRP products are sectors affected by the economic downturn: the transport and construction field.

The corona pandemic isn’t the exclusive reason for the weak market environment

In 2019 markets were already stressed by growing political uncertainty both within the EU and in international trade. Despite its relatively small size, the composites market is characterized by close international ties. 

Other factors have significantly weakened Intra-European trade and consequently led to a decline in the expectations and future development of the composites market.
Here are some examples:

  • Brexit
  • Trade conflicts
  • The protectionist policies of various countries
  • The slowdown in world trade

It’s clear that the pandemic came when an unsettled overall economic climate was already present and widespread, together with increasing stock market uncertainty and declining investment activity.

 

 

If you want to stay updated on news, technologies and activities, subscribe to Compositi Newsletter

Source:


Leggi anche

After more than three years of international research, the ECOXY project finally comes to an end. The European project, involving twelve partners from eight different countries, has achieved its goal by finishing the query and development of new thermoset and sustainable materials, made of a plant origin resin and reinforcements of either linen fiber or biobased PLA….

Leggi tutto…

Assocompositi joined the Lombardy Mobility Cluster (CLM), one of the nine Technology Clusters certified by Regione Lombardia. Assocompositi will take part in the strategic Work Tables for the composite sector and it will involve the members in all the initiatives that will be announced in the reserved area of the official site and through the membership mailing list….

Leggi tutto…

Three railway stations placed on the Naples-Formia railway line are reborn for the second time thanks to the PBO fiber reinforcement systems based on FRCM composite materials. The works involved the restoration of the structural functionality and the improvement of the seismic behavior, thanks to a solution with great application versatility….

Leggi tutto…

Per poter commercializzare in Italia i propri sistemi per il rinforzo strutturale, a partire dal nuovo anno i fabbricanti devono possedere il CVT – Certificato di Valutazione Tecnica. Il Ministero ha prorogato la scadenza per l’obbligatorietà del Certificato al 30 giugno 2021….

Leggi tutto…

Rackets made with advanced materials that meet the needs of all players, from amateurs to professionals. They are in fact handmade and made on the precise specification of the player. Fabrizi Tennis frames are produced, painted and assembled in Italy following the most advanced technological standards and processes in the use of advanced composite materials….

Leggi tutto…