123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Demand/growth Analysis Of Metals And Composites – Q1 2023

Profile Picture
By Author: Lucintel LLC
Total Articles: 3384
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

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

Total Views: 329Word Count: 394See All articles From Author

Add Comment

Business Articles

1. Kinemaster Mod Apk Best Video Editing & Video Making App
Author: KineMaster

2. Unraveling The Mysteries Of Credit Repair: Your Trusted Credit Attorney In Los Angeles And Chandler, Az
Author: Martin King

3. Best Asset Investment Company
Author: Jerry

4. Top Website Design Company In India
Author: seo

5. Industrial Process Fan: Things To Consider For Choosing The Right Product
Author: Neel Rao

6. Streamlining Shipping: Delving Into The Vitality Of Efficient Sea Freight
Author: 121 Air Sea Cargo Ltd

7. Sugarcane Straws – A Simple Yet Impactful Choice For World
Author: George Evans

8. Digital Dominance: Why Every Business Must Embrace Digital Marketing For Success
Author: socialsiren

9. Digital Marketing Excellence: Navigating Success With Socialsiren’s Proven Strategies And Client-centric Approach
Author: socialsiren

10. Socialsiren, A Leading Digital Marketing Agency In Hyderabad, Recognizes The Immense Benefit Of Local Seo. Let’s Explore How This Strategy Contributes
Author: publisher

11. Firoz Bux The Founder And Ceo Of Hvm Group
Author: Firoz Bux

12. Maximizing Digital Potential: The Power Of On-page Seo Strategy By Socialsiren
Author: socialsiren

13. Balancing Act: The Role Of Induced Draft Fans In Boiler Operations
Author: Neel Rao

14. Dao Development Company
Author: tamil

15. Devon Delights: Dj Hire Devon For Unforgettable Celebrations
Author: press

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: