Global Composites Market - Future, Scope, Trends
According to TechSci Research report, “ Global Composites Market By Type, By Application, By Manufacturing Process, By Region, Competition Forecast & Opportunities, 2012-2022” , the global composites market is projected to surpass $ 42 billion by 2022. Growing investment in the renewable energy sector coupled with the shift towards lightweight carbon fiber composites is expected to drive demand for composites across the globe in the coming years. Moreover, booming construction and transportation sectors across the globe are anticipated to further steer demand for composites, globally, through 2022. On the basis of fiber type, glass fiber dominated the global composites market in 2016 and is anticipated to continue its market dominance during the forecast years as well. However, demand for carbon fiber is expected to surge at a rapid pace during the forecast period on account of rising preference for lightweight components across different end-us...