The U.S. is the world’s largest specialty chemicals market, estimated at $208 billion. As a subsector of this market, the coatings, adhesives, sealants and elastomers (CASE) markets accounted for over half, or $107 billion, in 2014.
Increasing automobile production is expected to fuel the overall demand for carbon composites in the near future.
October 1, 2015
The global automotive composites market was valued at $3.1 billion in 2014 and is expected to increase to $7 billion by 2022, increasing at a compound annual growth rate (CAGR) of 8.8%, according to a recent report from Persistence Market Research.
Efficient technical support and close relationships with OEMs offer market participants a competitive edge.
August 3, 2015
Stringent fuel efficiency norms are compelling automotive original equipment manufacturers (OEMs) to reduce the weight of their vehicles, thus spurring the use of lightweight materials such as plastics, composites, and aluminum.