Advanced Composites Market Registering At USD 41.20 Billion By 2024: Grand View Research Inc.
San Francisco, 4 October 2019: The Report Advanced Composites Market Size, Share & Trend Analysis Report By Product (Aramid, Carbon), By Application (Aerospace & Defense, Automotive, Construction), And Segment Forecasts, 2018 – 2024 The global advanced composites market size is expected to reach USD 41.20 billion by 2024, according to a new report by Grand View Research, Inc. The industry is anticipated to grow, primarily on account of superior benefits such as reduced weight, fuel efficiency and higher strength offered by the materials. Rising demand for specialty products that comply with U.S. Leadership in Energy and Environmental design (LEED) standards is expected to propel the demand in construction segment Technological innovations aimed at the development of cost-effective manufacturing processes are expected to drive demand. The market for advanced composites is characterized by the presence of a large number of regulations. The production process of compo