Advanced Polymer Composites Market to Reach US$12.12 bn by 2020

A new Transparency Market Research report states that the global advanced polymer composites market stood at US$7.47 bn in 2013 and is predicted to touch US$12.12 bn by 2020, by rising at a 7.20% CAGR between 2014 and 2020. The title of the report is “Advanced Polymer Composites Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.” Composites are a combination of multiple materials having different properties combined together to present unique characteristics. Advanced polymer composites are composed of two key components, namely, a reinforcing fiber material and a polymer matrix. For the manufacturing of advanced polymer composites, a number of fibers such as aramid and carbon as well as glass and polymer resins such as polyester, epoxy, poly acrylic, and phenol are utilized. Advanced polymer composites are employed in the automotive, aviation, aerospace, marine, and energy applications.

Advanced Polymer Composites Market to Reach US$12.12 bn by 2020

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