Composites Market - Forecast(2020 - 2025)
Composites Market Overview The global composites market revenue was valued at $82,727 million, according to this IndustryARC market research report, with the demand estimated to increment at a positive CAGR of 5.6% during the forecast period of 2019 to 2025. The global composites market size is consistently expanding owing to the infinite applications of composites in numerous end-user industries including construction, industrial, automotive, defense, sports, and aerospace. However, the analyst of the report pinpoints the construction and automotive industries to generate the most prominent chunk of demand. As per the findings of the report, the construction and infrastructure application segment of the composites market is blooming at an above average CAGR of 6.3% through to 2025. The analyst attributes this to urbanization across both developed and developing economies. According to the World Bank Group, the International Financial Corporation (IFC) estimates investment opportu