Advance Composite Industry By Manufacturing Industry Forecast 2018-2025
Global Advanced Composites Industry was valued at USD 23.80 Billion in the year 2017. Global Advanced Composites Industry is further estimated to grow at a CAGR of 8.95% from 2017 to reach USD 47.31 Billion by the year 2025. North America region holds the highest Industry share in 2017 and European Industry is considered to be the fastest growing Industry in the forecasted period. At a country level, developed Industry like the U.S. hold a notable Industry share in 2016 and it is projected to grow at a gradual rate in the coming years. The major players in advanced composites industry are Konini like Ten Cate BV., Mitsubishi Chemical Holdings Corporation, Toray Industries Inc., Teijin Limited, Huntsman International LLC., Hexcel Corporation, SGL Group also other 12 more companies detailed information is provide in research report. Rising research and development expenses to satisfy changing demands of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in last 5 years.
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SWOT Analysis of Advance Composite Industry Strength Rising demand in Aerospace & Defense industry