Rise in demand from the automotive & aerospace sector and demand from the construction sector drive the global fiber reinforced composites market. The market across Asia-Pacific held the lion’s share in 2019, accounting for around two-fifths of the market. The consumer spending patterns changed during the pandemic and customers delayed purchasing new vehicles to minimize …
Tag Archives: Fiber Reinforced Composites Industry
Fiber Reinforced Composites Market: The Important Factors & Trends Influencing the Industry Scenario
The global fiber reinforced composites market was pegged at $84.5 billion in 2019, and is projected to garner $131.6 billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027. Rise in demand from the automotive & aerospace sector, use of fiber reinforced composites in the electronics & electrical industry, and demand from …