COUNTRY ON STAGE RUSSIA

Russian Composites Market - Effective Investments in the Present and Future

The Russian composites industry has been going through major changes in the past years. The government has been undertaking measures aimed at introducing composite materials and products, and generate demand for them. As a result, their production has demonstrated a manifold growth. In the years 2013-2018, the production tripled, which is well above the global growth rates of 4 to 7%, depending on the country. During the same period, the Russian composites market was growing from 20% to 30% annually. Russia has created and operates a powerful infrastructure and a small and medium innovative business support system, which makes a significant contribution to the development of the composites sector. This support is provided to both Russian companies and foreign companies that localize their production in Russia. Entering the fast-growing Russian composites market means effective investments in the present and in the future.