High Performance Composites Market Registering At USD 81.63 Billion By 2025 : Grand View Research Inc.
San Francisco, 29 October 2019: The Report High Performance Composites Market Analysis By Material (Resins, Fibers), By Application (Aerospace, Automotive & Industrial, Energy), By Region, And Segment Forecasts, 2018 – 2025 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