Composite Materials Market Forecast in North America

Dr. Sanjay Mazumdar of market research firm Lucintel presented a paper at the 2014 CAMX event, titled “Status of Composites Industry 2015: Market Potentials and Mega Trends.”

Dr. Sanjay Mazumdar of market research firm Lucintel (Irving, TX, US) presented a paper at the 2014 CAMX event, titled “Status of Composites Industry 2015: Market Potentials and Mega Trends.” According to his presentation, the composites industry likely grew 5.8% in 2014, and is expected to reach a value of US$10.3 billion by 2019, representing a compound annual growth rate (CAGR) of 6.6%. Mazumdar foresees that strong transportation, aerospace and construction sectors will drive the growth rate.