Industry Analysis & Industry Trends
The performance capabilities offered by the industry's composite products are superior to those already in the market. Over the past five years, the industry has out-competed firms in other industries that target the same customer markets. By offering customers products with superior attributes, being performance or price related, industry participants have siphoned revenue away from external competitors. This ability to closely appeal customers than their external competition has resulted in industry revenue performing reasonably well, despite souring economic conditions brought about by the global financial crisis.
Over the five years through 2012-13, industry revenue is forecast to grow an annualised 0.5% to total $1.79 billion, with the 2012-13 year expected to grow by only... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Polyester and Other Plastic Fibre Product Manufacturing industry is growing. The performance characteristics of the companies' more affordable products tend to exceed or meet those of the industry's substitute competition. Although price is an important aspect of internal competition for industry participants servicing other manufacturing firms, their ability to add value to their customers' products through superior performance characteristics is highly valued among customer markets.
The potential market continues to expand with advances in composite materials and their applications. There has been and will continue to be penetration of products into new markets due to their superior product performance, as well as market share gains in existing markets... purchase to read more