Recent composite materials sales growth for six companies (Cytec; Hexcel; Toray; Teijin; Mitsubishi Chemicals; and SGL) was determined using the 2011 to 2013 annual reports for these companies. For each of the six companies, the composite materials sales are reported as separate business segments. Therefore, fairly accurate sales for just composite materials are obtainable for these companies.
These six companies are believed to account for a significant proportion of total global composite materials sales. (Hexcel’s description of its composite materials business provides what is met by the terms composite materials in this blog. You can read this description in the Hexcel 2013 annual report by clicking here – PDF file.)
Using the annual 2011 to 2013 sales of composite materials for these companies, an average compound annual growth rate (CAGR) of 3.1% was obtained for the six companies. This suggests that the growth of composite materials demand (need) in the countries serviced by the six companies is approximately 3% per year over the past few years. 3% does not suggest robust sales (demand). The total 2013 sales of composite materials sales by these six companies provided in their annual reports is approximately $6.5 billion.
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