Global composites market: Key players in the $53 billion industry include Zoltek & Nitto Boseki

Press Release   •   Jul 12, 2013 10:20 BST

The global composite market is suggested to have reached a value of around $53.3 billion at the beginning of 2013. The global composites market consists of carbon fibre, glass fibre and aramid fibre reinforced plastics.

One of the key players in the global composite market is the US-based advanced materials company Zoltek. Specializing in carbon fibre production, Zoltek is seen to be a leader in finding innovative ways to use composite technology especially that of carbon fibre. Evidence of this is that Zoltek was the first company to create wind turbines and carbon fibre on a commercial scale.

Since Zolteks work in this field electrical generation turbines are now synonymous with carbon fibre and composite materials. Zoltek still remains key in this energy generation market through specific long term supply arrangements with two of the largest wind turbine manufacturers in Europe. Zoltek also produces large amounts of custom carbon fibre to be used specifically for new generations wind turbines under the trade name Panex.

Not solely focusing on the use of carbon fibre in wind energy, Zoltek also manufactures intermediate products composed of technical fibres. PYRON is the trademarked name which Zoltek uses for their internally developed technical fibre. This specific fibre is a stabilized and oxidized acrylic fibre used when both flame and heat resistance is needed. Zoltek has spent over 15 years in developing PYRON and the proprietary technology and manufacturing process.

Another key player in composites is Japan-based textiles, glass fibre and health products company Nitto Boseki. Nitto Boskei's Glass Fibre division specialises in manufacturing high value-added products and glass fibre products for use within electronics. The group's materials and reinforced plastic products have performed strongly in the past. The group has developed new sales channels mainly within the waterproof category and within industrial materials in an attempt to push greater sales of its glass fibre products. The groups environmental business division handles glass wool production designed for use as thermal insulation. This division out preformed that if the Glass Fibre division as demand for energy saving and environment related products continued to grow.

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