Composite industry: current state and trends

One of the best ways to judge success in the composite industry is to look at the demand for a final product. The demand for final composite products, ranging from oil and gas pipeline to high-performance aircraft, reached $21.2 billion in 2014 and stayed the course in 2015, reaching $22.2 billion.

Carrying out expert evaluations and updating business plans and feasibility studies of investment projects for the production of continuous basalt fiber, staple fiber and basalt composite products.

The U.S. composite materials industry, one of the world leaders in this area, grew 5.6 % in 2015 in terms of dollars shipped and reached $7.5 billion overall, and will continue to grow until 2021 according to experts.

Please, find an overview of the raw materials market, changes in production processes, trends in market segments, challenges and opportunities in the attached file.

Companies: Boeing

Industries: Oil & Gas

Terms: Composite market, Composite materials

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