MAIN TRENDS AND DYNAMlCS OF THE WORLDWIDE COMPOSlTES lndustry. By Mr Patrice SINTHON Director, Marketing & Sales JEC Composites

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1 MAIN TRENDS AND DYNAMlCS OF THE WORLDWIDE COMPOSlTES lndustry By Mr Patrice SINTHON Director, Marketing & Sales JEC Composites

2 JEC Group SUMMARY lndustry Size and Structure Principal Trends by Sectorial Market JEC Americas 2012 Forecast Composites & Automotive OEMs Research & Development Materials Bio Materials Automation Supply Chain Recycling How far is composite from Mass Production?

3 The JEC Group Over the past decade, JEC has developed into the world s largest industry organization. JEC is exclusively dedicated to the composites industry. Globally and locally serving the complete value chain of composites. A network connecting 250,000 professionals worldwide in 96 countries.

4 The JEC Mission Dedicated to the representation and development of the composites sector. Fostering connections and business between suppliers and users from all sectors, including Aeronautics, Automotive, Marine, Construction, Transportation Connecting scientists, researchers and industrialists through the GSN Program (Global Scientific Network)

5 Connecting science, technology and business through six major fields of expertise Connecting Opportunities JEC Composites Shows Europe, Asia and the Americas Business Meetings Composites Tours lnformation Channels Web Hub JEC Composites Magazine JEC E-Letters Learning Resources End-Users Forums l.l.c.s. Conferences Workshops Technical Demonstrations... Business lntelligence Strategic Studies: Global composites market, user sectors studies, geographic studies... Publications Library Technical Books Strategic Studies Forums Proceedings Directories lnnovations Programs Europe, Asia and Americas Awards Regional competitions in Asia, China and lndia

6 JEC provides three platforms for developing the composites business worldwide... Boston Paris Singapore Opening in November 2012 in partnership with lfal (lndustrial Fabrics Association lnternational) World and European leader, and five times larger than any other composites exhibitions exhibiting brands visitors sqm Since th session The only international platform connecting all the composites value chain in Asia-Pacific exhibiting brands visitors 7 500sqm Since th session

7 ... addressing the three major composites markets Copyright JEC 2011

8 JEC Editorial Offer A unique source of information for decision-makers and market players. World s leading composites magazine 31,000 + subscribers lnternational circulation, BPA audited 8 issues / year and 3 special issues Average 80 pages / issue Available Online at JECcomposites.com + 70% Circulation Progression Timely and complete coverage of composites international news and events in every sector of the industry Weekly in English with 27,000+ subscribers Bi-monthly in French with 10,000+ subscribers The industry s leading platform of know-how and exchange. Connecting more than 250,000 professionals worldwide. Attracting over 420,000 visitors per year. 1.3 million page views. Facilitating the effective collaboration between manufacturers and endusers in all industry sectors.

9 250,000 professionals have access to an in-depth and valuable publications library. Strategic Studies Technical Books Forums Proceedings Directories Available through the JEC Group e-store

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17 20 Conferences worldwide for the exchange of experience and first-hand information. Economy Building & Construction Automotive Automation Aeronautics Technical Topics Civil Engineering Wind Energy Rail & Road Transportation Marine Biomaterials JEC lnnovation Awards Programmes promote partnerships between producers, processors and end users. Europe Asia China lndia...and the Americas in 2012

18 Forecast

19 Composites: A market driven by innovation Resins and Additives Low emission resins and styrene suppressant additives Fireproof, low smoke toxicity composites Bio resins and additives Higher strength carbon and glass fibers lmproved prepregs Fabrics and preforms Development of natural and recycled fibres

20 Composites: A market driven by innovation Manufacturing Process and Equipment Close-mould lnduction Technology Simulation Tools Robotics and Automation Tape Placement Composites Welding

21 lndustry Size and Structure

22 The composites industry in the world The composite industry is relatively recent (1940s). All segments along the value chain account for about 550,000 jobs worldwide. Worldwide market in volume = 8 Millions of tons Value of the worldwide composite market = 60 billion euros North America Europe Asia 36% 33% 31% Copyright JEC 2011 /

23 Value by region North America (1) EMEA (2) Asia Pacific & Rest of the World (3) World Value 22B 36% US$31.5B Value 20B 33% US$28.7B Value 18B 31% US$25.8B Total Value 60B US$86B Volume 2.7 Mt 35% Volume 2 Mt 22% Volume 3.3 Mt 43% Total Volume 8 Mt Average Unit Price 8.2/kg US$11.7/kg Average Unit Price 8.4/kg US$12 / kg Average Unit Price 5.5/kg US$8 / kg Average Unit Price 7.2/kg US$10.3 (1) USA, Canada. (2) Europe, Russia, Middle East and Africa (3) Asia, Australia and South America Europe has reached a high level of technicity. Stronger weight of high value-added applications: Aerospace Wind energy Copyright JEC 2011

24 Volume by country Composites markets size by country depends on development level. Composites volume per capita in kg per inhabitant Development curve in Volume GDP per capita Copyright JEC 2011

25 The structure of the composites industry Value Added Share Raw Materials Producers and Equipment Manufacturers Resins Fibres Equipment Manufacturer s 30% Semi-Product Processors Prepreg Producers Pellets Producers Fabrics Producers 10% Distributors Direct Sales lndependent Distributors 5% Final Processors Manual Processes Compressi on Processes lnjection Processes Continuous Processes 55% Global value: 60 billion Euros (86 billion US Dollars) Copyright JEC 2011

26 The composites value chain Primary materials producers and equipment manufacturers: % of Volume Resins Fibers Additives Equipment Manufactures Thermoset (1) Thermoplastic (2) Glass Fibers 63% Carbon Aramid 37% 87% 11% Natural 0.7 % 0.5 % Recycling lntermediate processors Prepreg Producers Pellets Producers Fabrics Manufacturers Distributors Direct Sales lndependent Distributors (1) Polyester, Epoxy, Polyurethane, etc... (2) Polyamide, Polypropylene, PET, PBT,... Copyright JEC 2011

27 The composites value chain Final Processors Manual Compressio n lnjection Continuous Manuel Moulding Projection Moulding Laying Tape (5) SMC GMT BMC Thermoplastic lnjection RTM RIM Pultrusion Moulding Laminating Filament Winding 8 % 8 % 5 % 10 % 2 9 % % 30 % 3 % 1 % 11 % 7 % 6% Recycling lndustry Applications (6) Transportatio n Aerospace Building Construction Electrical Electronic Consumer Goods Wind Energy Marine Pipes Tanks 24% Value 28% Volume 21% Value 4% Volume 18% Value 27% Volume 10% Value 16% Volume 10% Value 9% Volume 6% 3% 5% 6% 3% 7% (5) lncluding autoclave process (6) Excluding other applications like medical (c. 3% of the market) Copyright JEC 2011

28 Average prices by industry worldwide Unit Prices /kg Aeronautics Wind Energy Consumer Goods Automotive & Transportation Marine Construction E & E Pipes & Tanks Copyright JEC 2011

29 Volume by industry worldwide North America Europe Asia RoW Global Market by Volume Aeronautics5 % 5% 5% 1% 4% 4% Wind Energy 2% 7% 2% 2% 4% Consumer Goods 8% 8% 10% 8% 9% Automotive & Transportation 31% 33% 10% 43% 28% Marine 8% 8% 2% 8% 6% Construction 27% 21% 33% 17% 27% E & E 15% 13% 23% 6% 16% Pipes & Tanks 4% 6% 10% 12% 7% Size of Market in Mt 2.7 Mt 2 Mt 2.7 Mt 0.5 Mt 8 Mt Copyright JEC 2011

30 Principal Trends by Sectorial Market

31 Five principal trends Growth in volume is mainly in Asia Development of injection processes High growth rate of thermoplastics Development of wind energy applications lncreasing penetration in Aeronautics

32 Growth in volume mainly in Asia Repartition of the composites market by region 1999 > 2013 in Mt % RoW % % Europe Asia North America % % % 1.8 5% 29% 26% % 23% % % % % % Weight of Asia in global growth in volume: %(1) 42% 51% (1) North America has diminished between 1999 and 2002 Copyright JEC 2011

33 Development of the injection processes ln Volume 100% North Americ a Europe Asia RoW 1% 1% Worldwide Average in Volume Others 0% 90% 80% 25% 22% 27% 22% Continuous processes 24% 70% 60% 50% 48% 48% 31% 63% lnjection processes 43% 40% 30% 10% 20% 10% 0% 10% 13% 16% 17% 31% 11% 4% Compression processes Manual processes 12% 20% Size of Market in Mt 2.7 Mt 2 Mt 2.7 Mt 0.5 Mt 100% Copyright JEC 2011

34 Development of thermoplastic material Repartition of the composites market by type of resin in volume worldwide 100% 90% 80% Annual Growth Rate % 60% 50% 70% 65% 63% Thermoset +4% +2% 40% 30% 20% 10% 0% 30% 35% 37% Thermoplastic +12% +8% Total +6% +4% Advantage of thermoplastic over thermoset: More adapted to automated processes More recycling solutions No storage problems Copyright JEC 2011

35 Development of wind energy applications Use of composites in wind energy has dramatically increased in the period Composites consumption in Mt Annual Growth % RoW North America Asia/Pacific Europe % +74% +15% 0 Total in Mt % Copyright JEC 2011

36 lncreasing penetration in Aeronautics Overview of the global market for composites in aeronautics. Total Volume 2008: 0.21 Mt North America Europe Asia 55% 0.12 Mt 25% 0.05 Mt 16% 0.03 Mt Others 4% 0.01 Mt Copyright JEC 2011

37 lncreasing penetration in Aeronautics Use of composites in aeronautics will grow 11% per year in the period. RoW Annual Growth % + 12% Asia Europe North America % +11% Total Mt: % Copyright JEC 2011

38 Composites & Automotive

39 Evolution of the production in volume by region in between 2000 and 2010

40 Automotive composites: Fast acceleration Source: JEC Group 2011

41 In 2015, almost 1 in every 2 cars produced in Asia Excluding Japan

42 Aero: Weight ans Safety Auto: Cost vs Weight Source: Tesla Production Plant

43 OEMs

44 A350 XWB: 53% composites

45 Automotive : 6% composites Source: JEC Group 2011

46 Research & Development

47 * non exhaustive list

48 Materials

49 Materials used depend on performance criteria US$/kg US$/kg US$/kg Source: JEC Group 2011

50 Annual Carbon consumption dominated by Industry

51 Auto: The largest industrial application in 2015/2020 Source: SGL Group Market Research 2010

52 Process is 75% of CFRP costs Source: SGL Group Market Research 2010 Source: SGL Group Market Research 2010

53 Bio Materials

54 Natural fibres mainly for Automotive Natural fibres mainly for Automotive 2023

55 Automation

56 Aerospace automation inspired by Automotive?

57 Supply Chain

58 In 2020 Tiers 1,2 to control 90% of auto value chain

59 Recycling

60 Carbon/Natural fibre TP = best recycling prospects

61 Main trends Automotive design changes

62 Evolution of car weight and carbon emissions for an average city car

63 Vehicle manufacturers should employ different solutions to reduce emissions according to the vehicle price level and positioning

64 How far is composite from Mass Production?

65 The chassis = the most potential for weight reduction Source: JEC Group 2011

66 JEC Publications All these informations and more are available in our Publications Store online Get your copies on:

67 Composites. An industry defining its own future by favouring Concentration Unification Regulations Recycling Directives Visibility

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