Global Fiber-reinforced Composites Market Size By Fiber Type, By Matrix Type, By End User, By Geographic Scope And Forecast
Fiber-Reinforced Composites Market Size And Forecast
Fiber-Reinforced Composites Market was valued at USD 49.85 Billion in 2019 and is projected to reach USD 80.51 Billion by 2027, growing at a CAGR of 6.14% from 2020 to 2027.
Global Fiber-Reinforced Composites Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
A key driving factor of Fiber-Reinforced Composites is that in recent years there have been major breakthroughs in the development of new forms of Fiber-Reinforced Composites. Fiber-Reinforced Plastic Composites (FRP) can be tailored to fit specific requirements. They are non-corrosive, lightweight, exhibit high specific strength and stiffness and are easily constructed. So, the market for Fiber-Reinforced Composites grows with a growth in the Construction and Automotive Industry as it is widely used in these industries.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Fiber-Reinforced Composites Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Fiber-Reinforced Composites Market Competitive Landscape
The Global Fiber-Reinforced Composites Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Jushi Group, Owens Corning, Zoltek Companies, Hyosung Corporation, Asahi Fiber Glass, AGY Holding Corporation and PPG Industries.
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