Closed Molding Composites Market Size in Aerospace & Defense Applicat Sep 2016 | страница 2

Closed Molding Composites Market: Global Forecasts to 2021 “Closed molding composites market projected to register a CAGR of 7.45% during forecast period” The closed molding composites market is projected to reach USD 66.58 billion by 2021, at a CAGR of 7.45% between 2016 and 2021. The major driver stimulating the closed molding composites market is high demand from the aerospace & defense industry, as they have the ability to reduce weight and increase fuel efficiency. “Aerospace & defense is the fastest growing application segment in the closed molding composites market, in terms of value.” The key drivers of closed molding composites in the aerospace & defense industry are the rise in number of airplane deliveries, high performance properties such as lightweight, excellent safety & acoustic features, and government regulations. Advanced closed molding composites offer higher fatigue tolerance, which helps in improving or increasing the structure of components. © RnRMarketResearch.com ; [email protected]