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Global composites market: $66.7 billion industry forecast during 2013

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The Composites Market 2013-2023 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-26 07:47:01
Innovations by both composite producers and composite consumer demand will result in a healthy growth in the composite market. The recovering global economy and technological innovations are lifting the sectors that account for the majority of composite consumption; namely Transportation, Aviation and Energy.

The global composite market will be worth $66.7 billion in 2013, and will be driven by growth in the both emerging and developed markets, in addition to a number of favourable design and technological advances made by end-use consuming sectors.

Increasing fuel costs and price volatility has resulted in significant consumer demand and/or government intervention towards vehicles that offer increased fuel efficiency. This has provided the incentive for automobiles of their vehicles and aerospace manufacturers to reduce the weight of their aircraft.

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