Exel Composites is a global manufacturer of advanced pultruded composite solutions. We provide value-adding, high-performance components to leading customers in Energy, Transportation, Industrial, Buildings & Infrastructure, and a growing Defense business. With long customer relationships, an optimized global footprint and disciplined execution, we are moving towards our organic growth target. As volumes ramp and utilization improves on a lean cost base, our value-adding composite solutions support premium margins and stronger free cash flow – creating higher long-term shareholder value.

Market environment

The global composites market is estimated to grow at an annual average rate of approximately 7% in the coming years. Growth rate varies by region, production technology and end-use application.

North America is the largest composites market, followed by Asia and Europe. North America and Europe are more mature markets with steady growth prospects, while Asia, especially China and India grow faster.

In the long-term, interest towards composite materials is steadily growing, supported by global megatrends such as sustainability, energy transition, longer life cycles and urbanization. The main benefits of composites include lightness, energy efficiency, durability, and the need for less maintenance. For example, increased energy efficiency requirements within the transportation industry and the increased utilization of anti-corrosive materials in the construction industry drive the increased use of composites. Exel Composites’ ambition is to leverage on these trends and mitigate the negative impacts of climate change by offering its customers sustainable composite products that respond to this demand.