high performance composites industry | Report By Manufacturers, And Segment Forecasts, 2020-2027
Regional Analysis North America contributes the largest share in the global high-performance market due to the US government directive to enhance fuel efficiency for new automotive to about 54.6 miles per gallon by the end of 2027 which has increased the usage of high-performance composites. Asia-Pacific is significantly growing with healthy CAGR owing to robust demand for fuel efficient and lightweight composite materials in the automotive and aerospace industries. The regional market in Europe is projected to grow with healthy CAGR owing to the presence of large number of automotive parts manufacturers in the region. Advancement in technology in the field of vehicles aesthetical design and speed is increasing the demand for high-performance composites in automotive industries. Market Overview High-performance composites materials are a combination of at least two different constituents. Due to its unique combination high performance composites have superior properties such as gr