Global Advanced Composites Market

Mar 2020| VMR2021A| Verified Market Research

Report Highlights

Advanced Composites Market Size And Forecast

According to Verified Market Research, Global Advanced Composites Market was valued at USD 24.14 Billion in 2018 and is projected to reach USD 51.66 Billion by 2026, growing at a CAGR of 10.00% from 2019 to 2026.

Global Advanced Composites Market Outlook

The increasing need for the light weighted material, with high strength in the aerospace and defense, and the automotive industry is the key factor driving the market growth. In addition, growing demand for the S-glass and carbon fiber and fuel-efficient vehicles are the other factors propelling market growth. Moreover, the rising penetration in generating electricity from a renewable energy source led to accelerating the market. However, the huge cost associated with it, expected to hinder the market growth 

Global Advanced Composites Market Competitive Landscape 

The Global Advanced Composites Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as SGL Group, Toray Industries, Teijin Limited, Hexcel Corporation, Owens Corning, Inc., Solvay, Gurit, Koninklijke Ten Cate BV, Mitsubishi Chemical Holdings Corporation, and Huntsman International, LLC.

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