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US Composites Market Monthly Insights
December 2018
The US Economic Overview – December 2018
The US Consumer Confidence Index increased to 98.3 in December 2018 to 97.5 in November 2018. The
GDP at current price of the US increased slightly from US $20.7 trillion in September 2018 to US $20.8
trillion in October 2018.
Real gross domestic product (GDP) increased at an annual rate of 3.5% in the third quarter of 2018,
according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter,
real GDP increased by 4.2%.
In the advanced estimate, the increase in real GDP was also 3.5%. With this second estimate for the third
quarter, the general picture of economic growth remains the same; upward revisions to nonresidential
fixed investment and private inventory investment were offset by downward revisions to personal
consumption expenditures (PCE) and state and local government spending.
Composites Market Update for December 2018
The US Composites Market in December was stronger than expected with year-over-year growth of 5% or
greater, depending on the industries served. Most sectors remained strong and grew at a modest rate. The
Marine and RV markets were the weakest in terms of performance, being flat or slightly down in terms of
year-over-year performance. Raw material input prices softened slightly in the past several weeks, but this
is not expected to impact downstream costs. Instead, some major players are anticipating a possible slight
increase in prices around late February or early March, consistent with the trend of creeping price increases
in 2018. The outlook for January is strong, with initial expectations for growth to be on par with D ecember.
Total growth for 2018 was roughly 3%-4% as compared to 2017. Freight continues to be a challenge
(particularly bulk hazardous freight), as well as uncertainty based on tariffs and related trade policies. There
is also a slight softening in the housing market, which may have a greater impact in the Spring and Summer
months if it continues.
Aerospace
Commercial aircraft (Boeing and Airbus) deliveries witnessed an increase from 168 aircraft deliveries in
November to 229 aircraft deliveries in December 2018.
US Composites Market Monthly Insights
December 2018
Some highlights of December 2018 are as follows:
Collaboration between SGL Carbon and Airbus Helicopters. Airbus Helicopters Germany and SGL
Carbon have been working together for years in the field of processing composite materials for
aircraft doors of the Airbus Group. In the future, the cooperation with Airbus will be extended to
applications for the helicopter sector and further intensified. The two companies have defined the
framework conditions for this in a joint agreement recently that regulates the basic provision and
further development of innovative carbon and fiberglass materials.
Lee Aerospace Expands FAA Part 145 Capabilities and West Coast Presence. Lee Aerospace
declares the expansion of its Part 145 capabilities and its national presence across the United
States. As of late December, the Lee Aerospace Part 145 Repair Station, #YLR863L, has added repair
capabilities to include composite repairs on specific models for the main entry door assembly of the
HondaJet. In addition to the existing certificate rating, which originally focused primarily on
transparencies, Lee Aerospace is now expanding into other structural elements of the airframe.
Automotive
The U.S. new vehicle sales of 1,627,481 units for the month of December 2018 represented an increase of
1.5% compared with 1,603,129 December 2017.
US Composites Market Monthly Insights
December 2018
A major highlight of December 2018 is as follows:
SGL Carbon Supplies Carbon Fibers and Fabrics for BMW iNEXT. BMW Group has chosen SGL
Carbon to supply carbon fibers and semi-finished textile products for a range of components in its
upcoming next-generation electric vehicle, the BMW iNEXT. In addition to carbon fibers, the
framework agreement also covers a number of different glass and carbon fiber fabrics. Delivery is
expected to start in 2021 and will last for the vehicle’s entire lifecycle. SGL Carbon will be involved
at various stages of the value chain. The carbon fibers are going to be manufactured at the Moses
Lake plant in the US state of Washington, while the materials will be produced at the Wackersdorf
site in Germany.
Construction
Privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,256,000. This is
3.2% above the revised October estimate of 1,217,000, but is 3.6% below the November 2017 rate of
1,303,000. Single‐family housing starts in November were at a rate of 824,000; this is 4.6% below the
revised October figure of 864,000. The November rate for units in buildings with five units or more was
417,000.
Some highlights of December 2018 are as follows:
Andersen Corporation Commences Construction on New Manufacturing Campus in Goodyear,
Arizona. Andersen Corporation, America's premier window and door manufacturer, celebrated the
opening its new manufacturing campus in Goodyear, Arizona. The company plans to invest more
than $105 million in a 500,000 square foot manufacturing and distribution facility and create more
than 415 jobs during the first phase of this expansion. The products to be manufactured at the
Goodyear plant will use a formulation of Andersen's proprietary Fibrex material. Fibrex material is a
high-quality, long-lasting engineered composite that garnered more than 25 United States patents
and is a different and better material used in numerous Andersen and Renewal by Andersen
product lines.
US Composites Market Monthly Insights
December 2018
Agreement between Trelleborg and Wellcall Holdings Bhd. for Production of Composite Hoses.
Trelleborg has, through its Trelleborg Industrial Solutions business area, signed an agreement with
Wellcall Holdings Bhd. to form a joint venture in Malaysia to manufacture and sell industrial hoses
in composite materials. For Trelleborg, this venture is part of the Group’s strategy to strengthen its
positions in attractive market segments. Trelleborg will own 51 percent of the joint venture.
Airborne Oil & Gas’ TCP Jumper Advancement in Deepwater Environment. TCP Jumper of
Airborne Oil & Gas is breaking through in deepwater applications around the world, expanding the
company’s track record into West Africa, following successful projects in the North Sea, Gulf of
Mexico and Asia. The Thermoplastic Composite Pipe is a disruptive new technology that provides
huge benefits in the application of well jumper, where the flexible TCP Jumper can be easily
transported and installed subsea.
Wind Energy
According to the latest "Energy Infrastructure Update" report from the Federal Energy Regulatory
Commission's Office of Energy Projects, the cumulative installed capacity of 38 units during January-
November 2018 was 3,772 MW as compared to 6,170 MW of 68 units during January-November 2017.
With a total installed generating capacity of 92.74 (GW), wind constituted 7.77% of the total installed
generating capacity of 1,193.94 (GW) of all energy sources.
.
Some highlights of December 2018 are as follows:
Global Fiberglass Solutions Makes the Wind Industry One Shade Greener. Global Fiberglass
Solutions of Texas, LLC (GFS) has been called a game changer in the wind industry. In the last four
years, GFS has been collecting end-of-life blades and fiberglass waste efficiently diverting them
from landfill to new products. In the last year alone, GFS has saved over 48,000,000 lbs of blade
material from landfill. How did they do it? With science, of course! GFS has taken material science
developed in labs to the industrial level. This empowered GFS to service some of the biggest names
in the global wind industry. Together with the big players, they achieve sustainability and improve
transition to a cradle-to-cradle economy.
TPI to Open New Wind Blade Manufacturing Hub in India and Signs Blade Supply Agreement with
Vestas. TPI Composites, Inc., (TPI) has signed a multiyear supply agreement with Vestas Wind
Systems A/S (Vestas) to provide blades from four manufacturing lines (with an option to add more
lines) for India and export markets. The blades will be produced at a new Indian facility in the
greater Chennai region which TPI plans to open for production in the first quarter of 2020. TPI’s
new state-of-the-art manufacturing hub will be able to reliably and cost-effectively serve the India
and global wind markets for multiple customers.
Marine
The US marine industry is anticipated to experience good growth in 2019.
One of the highlights of December 2018 is as follows:
Dura Composites Launches New Decking Ranges. Dura Composites has expanded its Dura Deck
range to include Dura Deck Resist, a co-extruded decking board with an innovative 360 degree
outer angle which protects its core from the elements, as well as a new and improved Dura Deck
Eco. Dura Deck Eco has been design engineered to reach the highest standard for wood plastic
composite decking and is produced to be both ecological and economical.
US Composites Market Monthly Insights
December 2018
Consumer Goods
New orders for manufactured durable goods in November increased $1.9 billion or 0.8% to $250.8 billion,
according to the U.S. Census Bureau. This increase, up following two consecutive monthly decreases,
followed a 4.3% October decrease. Excluding transportation, new orders decreased 0.3%. Excluding
defense, new orders decreased 0.1%. Transportation equipment, up three of the last four months, drove
the increase, $2.5 billion or 2.9% to $87.0 billion.
Some highlights of December 2018 are as follows:
Teijin’s Technora Black Adopted for AQUOS zero Smartphone. Teijin Limited informed that
Technora black, the company’s strong and flame-retardant para-aramid fiber has been selected for
use in the back panel of the newest AQUOS zero, SHARP’s flagship smartphone model, which was
released on December 21. The new AQUOS zero, which weigh just 146g, have a plastic back panel
reinforced with Technora black and a frame made of magnesium alloy. It will be the world’s lightest
smartphone in a class of 6-inch screen and a battery capacity rated above 3,000mAh which
supporting waterproof (over IPX5).
Covestro’s Maezio CFRTP Composites Adds Premium Notion to Wireless Charging Pad. Pittsburgh-
based smartphone accessories maker KerfCase has released a wireless charging pad that takes
advantage of an advanced composite technology developed by Covestro. Featuring a rare
combination of natural wood and composites, the KerfCase Wireless Charging Pad is designed with
quality materials at its core to enhance the everyday experience of consumers.
Recent Developments in Materials
Hexcel Completes Acquisition of ARC Technologies. Hexcel Corporation has completed its
acquisition of ARC Technologies LLC, a leading supplier of custom RF / EMI and microwave
absorbing composite materials for military, aerospace and industrial applications. The acquisition
strengthens Hexcel’s existing advanced materials portfolio in structural composites and
thermoplastics and provides new opportunities for growth and market penetration. The
transaction is expected to be accretive to Hexcel’s earnings in 2019.
Agreement between Strongwell and PIPESPAIN for Spain and Portugal. Strongwell apprises of an
agreement with PIPESPAIN S.L. (Spain) for the distribution of Strongwell’s EXTREN Fiberglass
Structural Shapes and Plate, SAFRAIL Fiberglass Handrail Systems, and DURADEK and DURAGRID
Phenolic pultruded fiberglass gratings in the countries of Spain and Portugal.
CSP Victall Signs Agreement to Build Second Manufacturing Facility. CSP Victall (Tangshan)
Structural Composites Co., Ltd. (the “Joint Venture”), a joint venture of Continental Structural
Plastics (CSP) and Qingdao Victall Railway (Group) Co., Ltd., has signed an agreement with Wujin
National Hi-Tech Industrial Zone officials to build a manufacturing plant there. This will be CSP
Victall’s second manufacturing plant in China. This area was selected due to its close proximity to
Shanghai, the Yangtze River Delta, and the operations of several major auto makers and suppliers
including CATL, JMC, SAIC, GM, VW, Land Rover, Geely, Qoros, and BAIC Changzhou.
Distributor Agreement between Strongwell and PIPESPAIN for Spain and Portugal. Strongwell
(USA), the world’s leading pultruder of fiber reinforced polymer composites, apprised of an
agreement with PIPESPAIN S.L. (Spain) for the distribution of Strongwell’s EXTREN Fiberglass
Structural Shapes and Plate, SAFRAIL Fiberglass Handrail Systems, and DURADEK and DURAGRID
Phenolic pultruded fiberglass gratings in the countries of Spain and Portugal.
US Composites Market Monthly Insights
December 2018
Total Composite Solutions Forms Partnership with Brabham Automotive. Total Composite
Solutions and Brabham Automotive have entered into a strategic partnership in advanced material
and process development for current and future vehicle builds. Building on a remarkable 70-year
racing pedigree, Sir Jack Brabham’s son David Brabham declared Brabham’s return to
manufacturing with the global launch of Brabham Automotive’s first product, the BT62.
AMRC Composites Centre Adds EASYPERM Permeability Bench. A 3D-permeability measurement
bench that provides accurate data and fast processing of samples has been added to a stable of
high-performing equipment at the AMRC Composite Centre, supported by the funding from the
Aerospace Technology Institute (ATI). The EASYPERM permeability bench is manufactured by
Institut de Soudure, an international technical center specializing in long fiber reinforced
composites, and allows for the standardization of testing.
Recent Product Launches in the Composites Market
The following table represents new product launches in the composites market in December
2018.
Product
Company
Name
Description
High Efficiency PV
Modules
Jolywood
(Suzhou)
Sunwatt Co.
Ltd.
The new products, the JW-HT&HD Series Ultra High Efficiency
Paving Module and JW-HF Series Ultra Light Flexible High
Efficiency Module, shine on the industry with several highlights.
The high efficiency bifacial paving module boasts a front power of
430W, efficiency of 20.5%, integrated power of 530W with
efficiency of 25.4%, as well as a rear power gain of 30%. The
flexible high efficiency module weighs a mere 3.75kg per sqm.
Due to the advanced composite encapsulation materials, as well
as cutting-edge technologies, the JW-HF Series Ultra Light Flexible
High Efficiency Module has flexibility that is a perfect match for
curved modules. It also weighs 70% less than products of its kind.
New Z-Frame Knee Brace
Leatt
Corporation
Engineered to help reduce knee forces, the Z-Frame limits knee
injuries and is CE certified as both a medical and impact
protection device.
The Z-frame is made of an injected composite chassis with slim
hinges for a superior bike feel. The new knee brace is available in
sizes S-XL and retails for $299.99/ Euro 299.00/ GBP 269.99 for a
pair.
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