Advanced polymer composites market is expected to grow at CAGR of 7.2% upto 2020

摘要

THE global advanced polymer composites market was valued at US$7.47 bin in 2013 and is likely to reach US$12.12 bin by 2020, expanding at a CAGR of 7.2% from 2014 to 2020, as per Transparency Market Research. Advanced polymer composites are a blend of two or more materials having different properties. These composites are used widely in various end-user industries that require high performance parameters. Globally, demand for advanced polymer composites is primarily driven by growth in aerospace and wind energy industries. This is anticipated to remain the major driver for the advanced polymer composites market in the near future.