Composites Industry

The high performance fiber market offers a healthy growth opportunity and is likely to grow at a healthy CAGR during the forecast period of 2020 to 2025. Carbon fiber is likely to drive the global high performance fibers market mainly driven by increasing penetration in the automotive, aerospace & defense, and wind energy segments.

Chromatography Resin Market is likely to witness an impressive CAGR of 9.2% during the forecast period. The increasing demand for chromatography resins in the pharmaceutical & biotechnology, food & beverage, and water & environmental analysis is driving the market globally.

The Composite Floor Panels Market is projected to grow at a healthy rate over the next five years to reach US$ 620.6 million in 2024.

Building Thermal Insulation market is likely to witness a CAGR of 9.8% during the forecast period. The prime factors that are driving the building thermal insulation market are the expanding global construction industry and the increasing demand from the automotive industry.

Saturated polyester resin market is likely to witness an impressive CAGR of 5.8% during the forecast period. The major factor that is contributing to the demand for saturated polyester resins is mainly their increasing usage in powder coatings due to environmental concern and stringent regulations to restrict VOC emission.

Specialty Polystyrene Resin Market is likely to witness a sluggish CAGR of 2.8% during the forecast period. Increasing usage of eco-friendly polystyrene by end-use industries to meet government’s criteria to reduce greenhouse gas emissions is the major factor that is contributing to the demand for specialty polystyrene resin, globally, during the forecast period.