ALL >> Business >> View Article
Demand/growth Analysis Of Metals And Composites – Q1 2023

The growth index of composite materials market in Q1 of 2023 was down year over year by 3%, and also declined by 1-2% from previous quarter (Q4, 2022). Infrastructure, marine, passenger car, transportation, home décor performed well, while construction and distribution declined and RVs had mixed results. Construction was impacted by reduced housing starts. In terms of demand for various composites materials such as glass fiber, epoxy, UPR, etc. it declined in Q1 2023 as compared to Q1 2022. On the other hand, the carbon fiber demand increased in Q1 2023 vs Q1 2022 due to increased demand from end markets, like aerospace. In metals, the demand for aluminum increased by 2.0% in Q1 2023 as compared to the same quarter of the previous year. While steel demand declined by 1.3% in Q1 2023 as compared to Q1 2022 due to continued downside factors such as war, high energy prices, high inflation, and to a worsened economic condition. Demand for metals and composites are expected to follow the same demand trend as Q2 2023 as shown in the following figure.
...
... Source: Lucintel
Figure1: Year-over-Year (YoY) Demand Change for Metals and Composites in Q1 2023 and Q2 2023
To learn more about growth index of various raw materials such as glass fiber, carbon fiber, epoxy, UPR, etc., please set up a demo account on Lucintel Analytics Dashboard by visiting https://www.lucintel.com/360/reports/login.aspx or by setting up appointment with your account manager.
Also, if you wish to get monthly changes in price and demands in various materials/products to understand your competitive position, sign up today at https://www.lucintel.com/360/subscription.aspx or write to us at helpdesk@lucintel.com
Add Comment
Business Articles
1. Essential Photo Editing Tips To Enhance Your Website's AppealAuthor: ukclippingpath
2. 5 Ways To Revolutionize Telecom With Smart Inventory Management Software
Author: Kevin
3. Rubber Roller: Enhancing Industrial Efficiency And Performance
Author: Anar rub tech pvt.ltd.
4. Tips For Cleaning And Prepping Jars For Candle Making
Author: Namo Creations
5. Vip Desert Safari Dubai
Author: Safari kings deserts
6. Why Byst Offers The Best Mentorship Programs For Entrepreneurs
Author: Byst Youth
7. How A 5kw Solar System Can Power Your Home And Save You Money
Author: Keyur Patel
8. How Long To Get A Title Loan In Wyoming | Ez Car Title Loans
Author: Ez Car Title Loans
9. Lucintel Forecasts The Global Thermoplastic Composites Market To Reach $26 Billion By 2030
Author: Lucintel LLC
10. Essential Features To Look For In An Event Management App
Author: Event Management App
11. Technology Landscape, Trends And Opportunities In The Global Micro-led Market
Author: Lucintel LLC
12. Data Visualization Software Market Forecast: Growth In Cloud Solutions
Author: mmr
13. Lucintel Forecasts The Global Food Packaging Market To Reach $xx Billion By 2024
Author: Lucintel LLC
14. Beyond Wealth: Unlocking The Power Of Family Office Services In India
Author: Drishti Desai
15. Enteral Single Use Syringes Market Size & Share, Analysis 2031
Author: Andy