Epoxy Composites Market is Expected At a CAGR 13.5% of During the Forecast Period 2022-2029
The increasing need for material with high mechanical strength, lightweight and resistance against corrosion has highly influenced growth of the epoxy composites market. In line with this, the emerging demand from developing countries is also acting as a key determinant favoring the growth of the epoxy composites market over the forecast period of 2021 to 2028. Also the rapid increases in application of epoxy composite in the wind energy industry and high demand for epoxy composites from the automotive sector are also positively impacting the growth of the epoxy composites market. The major factor accountable for the growth of the market is the increasing demands for composite materials in applications such as electrical and electronics and sporting and consumer goods.
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