A new independent industry report just published this month is painting an extraordinarily rosey picture for the future of the composites market, which is expected to reach an estimated $39.1 billion by 2022. Obviously, this is great news for the composites manufacturing industry as a whole, but other data in the report makes it especially important for a company like Romeo RIM.
The report addressed important questions such as what are some of the most promising, high-growth segments in the global composites market; what are the changing demands of customers; and what are the emerging trends. These are some of the same questions Romeo RIM has been asking for the past 25 years, in an ongoing effort to better serve our ever-increasing customer portfolio of small, medium, and large companies from across the U.S., South America, and Europe.
Emerging trends, which have a direct impact on the dynamics of the industry, identified in the report include the development of low-cost carbon fibers, high performance glass fiber and shorter cycle time of resin system. Additionally, the report states that major drivers for growth in the composites market are increasing demand for lightweight materials in multiple industries including transportation and construction.
Although Romeo RIM had no involvement with this report, it reflects much of the focus of our company’s growth and development of quality, affordable custom reaction injection molding and composite solutions.
We’re continuing to develop new and exciting ways to leverage our expertise in long fiber injection molding for customers looking for sturdy, lightweight composite manufacturing solutions for parts like front and rear fenders, hood enclosures, roofs, side panels, air deflectors, bumpers, doors, and assorted enclosures and other items. To help customers meet these needs, we’ve incorporated the largest double shuttle press in North America — 400 tons, to be exact — into our 173,000 square feet of manufacturing space, and have continued to invest in new technology like our state-of-the-art robot-controlled painting and molding system.
We also understand that a technologically advanced manufacturing facility is only as good as the people who run it, so we’ve been building an amazing team of experienced, intelligent individuals working in a servant leadership team model. You can learn more about some of our people right here online, including our Consumer Products Business Unit Manager Adam Ritchie http://www.romeorim.com/blog/QA-with-Adam-Ritchie-Consumer-Products-Business-Unit-Manager_AE38.html, our CFO Michelle Bourdage http://www.romeorim.com/blog/Recognizing-Quality-People_AE51.html, and Senior Quality Engineer Lee Hickerson http://www.romeorim.com/blog/QA-with-Lee-Hickerson-Senior-Quality-Engineer_AE53.html.
As more reports like this one continue to publish in the weeks and months ahead, it will only shine more light on the promise and real-time, current day positive impacts of the composites manufacturing industry.