Aerospace & Defense and Transportation Applications plays a Key Role in the Growth of Composites Market

Composites have high demand in the aerospace & defense application and their use is expected to increase in the coming five years due to the increasing penetration of advanced composites in commercial aircraft, such as the Boeing 787 and the Airbus A350. The global market for composites is estimated to grow from USD 69.50 billion in 2015 to USD 105.26 billion by 2021, at a CAGR of 7.04% between...

What to Expect from Advanced Functional Material Market in 2013-14

Advanced functional material is an umbrella term for different essential industrial materials. These materials reduce carbon footprint of the materials in which they are incorporated. AFMs also consume less energy during manufacturing process, which proves energy efficient. Global advanced functional material market is expected to grow at a steady growth rate, thanks to their energy efficiency. Increasing...