High Performance Composites Market is Expected to Witness Growth till 2025Posted by Ryan Shaw on October 10th, 2019 The global High Performance Composites Market is expected to reach USD 81.63 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for high performance composites from aerospace & defense sectors is expected to play a key role in the growth of the market over the forecast period. The products possess superior mechanical properties including high chemical resistance and stiffness, courtesy which they have witnessed an increase in demand in construction, consumer goods, and energy sectors. Increasing consumption in the automobile industry, as an alternative to traditional materials such as steel and aluminum, is also expected to be one of the key drivers of the market. Asia Pacific was the largest market for high performance composites in 2016. This region, with growing consumption from the above-mentioned industries, is also expected to witness the highest growth in this market over the next eight years. China and Japan, which are home to some of the largest electronics and automobile companies, dominated the Asia Pacific high performance composites market in 2016. Browse Details of Report @ http://www.grandviewresearch.com/industry-analysis/global-high-performance-composites-market Further key findings from the report suggest:
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