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High Temperature Composite Resin Market: An Exclusive Study on Upcoming Trends and Growth Opportunities
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Opportunities for the Thermoset Resin in the Global Composites Industry to Reach $15 7 Billion by 2026
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Opportunities for The Global Composites Market to Reach $38 4 Billion By 2026
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Lucintel: Opportunities for The Global Composites Market to Reach $38.4 Billion By 2026
DALLAS, TX / ACCESSWIRE / January 14, 2021 / According to a new market report published by Lucintel, the future of the global composites market looks attractive with opportunities in the transportation, construction, wind energy, pipe & tank, marine, consumer goods, electrical and electronics, aerospace, and others. The global composite materials market is declined in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $38.4 billion by 2026 with a CAGR of 3% to 5% from 2021 to 2026. The global composites end product market is expected to reach an estimated $101.6 billion by 2026. The major drivers for growth in this market are increasing demand for lightweight materials in the aerospace & defense and automotive industry; corrosion and chemical resistance materials demand in construction and pipe & t