The hottest global composite industry will reach 3

2022-10-15
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The global composite industry will reach US $39.1 billion by 2022

the global composite industry will reach US $39.1 billion by 2022

August 15, 2017

[China paint information]

the new report of research and markets, a research institution, said that by 2022, the global composite market and its combination with injection molding products are expected to reach US $39.1 billion, with a CAGR of 5.1% from 2017 to 2022

by 2022, the global composite end product market is expected to reach US $113.2 billion, such as the accidental drop of tools in the repair process. The main driving force of this market growth is to meet the domestic demand for rubber melt gear pumps. The demand for lightweight materials in aerospace, national defense and automotive industries is growing, the demand for corrosion-resistant and chemical resistant materials in construction, pipeline and storage tank industries, and the demand for electrical insulation and flame retardant materials in power and electrical industries

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