Investing in Exel Composites
Reasons to invest in Exel
Growing markets supported by megatrends
Climate change, sustainability, energy transition, and urbanization increase the demand for composites. There is a growing need for materials that offer strength, light weight and longevity.
Strong positioning within a global market
The market for composites manufactured with continuous methods is fragmented, consisting of several small local players. Exel Composites is the only company in its industry with production, R&D and a sales network in all major markets: Asia, North America and Europe.
Technology expertise as competitive advantage
Exel Composites is a leading company in the field of pultrusion. Our expertise in production technologies and raw materials allows us to solve customers’ challenges efficiently. We have a broader portfolio of products and applications than any of our competitors.
Focused business units increase growth and profitability
Exel Composites is concentrating its production on larger production units with higher utilization rates and that are scalable, more efficient and better resourced.
Sustainability at the core of business
Our solutions help customers save resources and mitigate climate change. Composites’ unique properties provide for longer life cycles and improved performance, lowering the negative impacts of the end-product on the environment. Composites are also used in solutions and industries that help mitigate or adapt to climate change.
Strategy
Exel Composites’ Capital Markets Day 2023
Vision and purpose
Our purpose is to solve challenges and save resources with composites Our vision is to be the first choice for sustainable composites solutions globally
Exel Composites in the value chain
Market environment
Exel Composites operates worldwide in the composites market, serving customers in several different customer industries.
According to industry associations the annual value of composites market of approximately EUR 85 billion is only about 1% of the huge global materials market, which is dominated by steel, plastic, and aluminum. The pultruded composites market represents approximately EUR 4.0 billion of the total composites market. Exel sees growth potential for composites as a material as well as for pultrusion as a production technology within the composites market.
Growth drivers
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.
Increasing sustainability
circular economy, climate change and energy efficiency
Longer life cycles
decreasing lifetime costs and maintenance needs
Rapid urbanization
smarter cities and infrastructure
Market share
The composites market is fragmented. Exel Composites is a leading company in the field of pultrusion and the only pultrusion company with significant presence on all major markets: Europe, Asia, and North America. This global presence differentiates Exel from its competitors and enables head-to-head competition with global suppliers of traditional materials. Companies specializing in pultrusion and pullwinding are typically smaller and more local, and their product range is narrower. Exel’s competitive advantage is based on core expertise in chemistry, material science, pultrusion knowledge as well as cost-efficient manufacturing processes.
Exel Composites’ customer base is wide-spread over several segments and markets, which means that also its competitors are found within specific segments and markets rather than across. Some of the main competitors include for example Fiberline from Denmark, Epsilon from France as well as Creative Pultrusion and Strongwell in the United States.
