AVK market data: The European GRP market in 2011 - Moderate growth despite fluctuations and uncertainties
The development of the market for glass fibre reinforced plastics (GRP) is currently much more difficult to quantify than it has been in recent years. There are significant divergences between some of the predictions issued by the various market players regarding production volumes to the end of 2011. These are due in part to general uncertainties relating to medium-term macroeconomic developments (levels of national debt, developments in commodity markets, ...). It is also becoming increasingly difficult to look at the purely European market in isolation as globalisation gathers pace and the network of supplier and buyer markets becomes more complex. Furthermore, short-term commercial contracts also allow non-European markets to react more rapidly to changing requirements within the European market resulting in shifts in market shares. A simple comparison of this year's figures with those from 2010 shows that the overall production volume of GRP has grown moderately and is now at the same level as in 2008. This year, however, the value of a year-on-year comparison of the market developments is limited as part of the 25 % growth predicted exactly one year ago for 2010 actually only took place in the first half of 2011.
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