The Expanding Opportunities of the Composite Materials Market
Increasing demand for various applications from aerospace & defense, wind energy, and automotive & transportation sector is driving the composites market
A composite material is a mixture of two different materials with different properties, such as mechanical, micro-cracking, and fatigue resistance, remarkable tensile strength, electrical conductivity, and high strength-to-weight ratio,...
Growing Demand for High Performance Materials to Drive the Composites Market Industry
Growing demand for high performance materials to drive the composites market post 2021 with companies operating in full capacities and smooth flow in supply chain
The global composites market size was USD 88.0billion in 2021 and is expected to reach USD 126.3 billion by 2026, projecting a CAGR of 7.5% between 2021 and 2026. Composites are increasingly used in the aerospace & defense end-use...
Ballistic Composites Market Analysis, Growth, Future Trends, Segmentation, Emerging Technology by 2021
Ballistic Composites Market is projected to reach USD 1.80 Billion by 2021, growing at a CAGR of 7.12%, from 2016 to 2021. The rising demand for ballistic composites in personal protection due to its light weight and high strength properties is the major driver for the growth of the ballistic composites market.
Browse 62 market data tables and 38 figures spread through 133 pages and in-depth TOC...
Construction Repair Composites Market worth $533 million by 2026
The global construction repair composites market size was USD 331 million in 2021 and is expected to reach USD 533 million by 2026, projecting a CAGR of 10.0% between 2021 and 2026. Construction repair composites are increasingly used in the commercial, residential, silo flue pipe, oil & natural gas pipeline, water structure, industrial structure, and other end-use application. The increasing...
Growing Demand for High Performance Materials to Drive the Composites Market – 2020
The global composites market size is estimated to be USD 90.6 billion in 2019 to USD 131.6 billion by 2024, at a CAGR of 7.7% during the forecast period. Composites are increasingly used in the aerospace & defense end-use industry as they decrease weight and increase fuel efficiency. In addition, the capability of aerospace composites to maintain a greater strength-to-weight ratio allows for more...
High Performance Composites Market- Global Forecast To 2022
The high performance composites market was valued at USD 23.50 billion in 2016 and is projected to reach USD 33.33 billion by 2022, at a CAGR of 6.0% from 2017 to 2022. Increasing use of S-glass and carbon fiber reinforced plastics in different aircraft of Boeing and Airbus is driving the growth of the high performance composites market in the aerospace & defense application. The growing use of...
Aerospace & Defense and Transportation Applications plays a Key Role in the Growth of Composites Market
Composites have high demand in the aerospace & defense application and their use is expected to increase in the coming five years due to the increasing penetration of advanced composites in commercial aircraft, such as the Boeing 787 and the Airbus A350. The global market for composites is estimated to grow from USD 69.50 billion in 2015 to USD 105.26 billion by 2021, at a CAGR of 7.04% between...
What to Expect from Advanced Functional Material Market in 2013-14
Advanced functional material is an umbrella term for different essential industrial materials. These materials reduce carbon footprint of the materials in which they are incorporated. AFMs also consume less energy during manufacturing process, which proves energy efficient. Global advanced functional material market is expected to grow at a steady growth rate, thanks to their energy efficiency. Increasing...