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The global composite industry will reached $ 39.1 billion by 2022

  • Author:Orient Honest
  • Source:www.china-disposable.com
  • Release on :2017-09-01
The global composite market is expected to reach $ 39.1 billion by 2022, and the compound annual growth rate is expected to be 5.1% from 2017 to 2022, according to a new report from Research Institute and Research, a research firm.

By 2022, the global composite end product market is expected to reach $ 113.2 billion. The main driver of this market growth is the growing demand for lightweight materials for the aerospace, defense and automotive sectors, the need for corrosion-resistant, chemical-resistant materials in the construction, piping and storage industries, as well as the electrical and electrical insulation and resistance Fuel demand.