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Rising demand for lightweight materials in defense, aerospace and automotive industries is a major factor influencing market growth. Market Size – USD 88.44 Billion in 2018, Market Growth - CAGR of 6.2%, Market Trends – Growing applications in the automotive and transportation industry. NEW YORK, April 09, 2019 (GLOBE NEWSWIRE) -- The global Composites market is expected to reach USD 146.14 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the rising demand for lightweight materials in defense, aerospace and automotive industries. Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/1253 Composites are lightweight when compared to most woods, metals, and alloys, which is an essential requirement for automobiles and aerospace industries since reducing the weight reduces the amount of fuel it needs and increases the speeds of the automobiles and aircraft. Furthermore, composites are also resistant to damage from weather, temperature changes, and harsh chemicals along with being non-corrosive. For instance, composites can be a good choice where chemicals are handled or stored. Highly expensive processing and manufacturing is one of the factors restraining the growth of the market. Further key findings from the report suggest To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/composites-market Make an inquiry for purchasing this report at: https://www.reportsanddata.com/make-enquiry-form/1253 For the purpose of this report, Reports and Data have segmented global Composites Market on the basis of resin type, product type, industry vertical, process, and region: Resin type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026) Product type Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026) Process Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026) Industry vertical Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026) Regional Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026) Browse more reports of Materials and Chemicals category at: https://www.reportsanddata.com/report/category/materials-and-chemicals About Reports and Data Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-800-819-3052 E-mail: sales@reportsanddata.com
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