Market Insights
Advanced Composites is a product that offers exceptional strength to weight ratio and provides dimensional stability to various infrastructural manifestations. Due to its strong frame yet light weight, it has managed to work around all the demerits, its contenders come with. The global advanced composites market is spanned across five key regions in the world namely Asia Pacific, Europe, North America, Latin America and the Middle East & Africa. Asia Pacific is projected to rule the market in the world and is anticipated to continue its dominance during the forecast period owing to growing use of thermoset resins in major industries such as aeronautic, buildings and construction, energy, and others. China, Japan and India are the leading players in this region due to the growing investment and production of thermoset resins in heavy end industries.
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