Multiple End-Use Industries Driving Increasing Demand for Advanced Composites
Advanced composites are widely employed across verticals like aerospace, automobile, construction, sports, and military.
The global advanced composites market is currently experiencing strong growth and projected to grow at a CAGR of around 9% from 2019-2024, according to a report from IMARC Group. Advanced composites are high-performance materials that possess superior mechanical resistance along with strength and stiffness. These composites are light in weight and have excellent dimensional stability, as well as thermal and electrical conductivity.
Advanced composites are widely employed across verticals like aerospace, automobile, construction, sports, and military. As these composites are used for manufacturing blades for wind turbines, an increase in the number of wind power stations around the world has also propelled the sales of advanced composites.