Chinese Composites Market Analysis 2024-2030: Innovative Trends include Ultra-High Modulus Glass Fiber and Increasing Penetration of Aramid Fiber Advances in Head Protection Application [Y...
Owens Corning Inc New (OC)
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Source: Yahoo! Finance
The future of the Chinese composites market looks promising with opportunities in transportation, marine, wind energy, aerospace, pipes and tanks, construction, electrical and electronics, and consumer goods. The Chinese composites market is expected to reach an estimated $20.8 billion by 2030 with a CAGR of 4.4% from 2024 to 2030. The major growth driver in this market is increasing demand for composites in the transportation industry, growth in building and construction industry and growth in new installation of wind turbines will boost the demand for composite materials. Emerging trends include innovative trends focused on ultra-high modulus glass fiber, production of low cost carbon fiber and growing initiatives for recycling of carbon fiber and spare parts, and increasing penetration of aramid fiber advances in head protection application. Chinese Composites Key Market Insight Glass fiber is forecast to remain the largest segment as it is relatively lower cost than other
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- Owens Corning (NYSE:OC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
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