Global Composite Materials in Renewable Energy Market Forecast to Reach $20 Billion by 2025
Posted on Jun 26 2020 2:13 PM "The growing renewable energy projects in the developing nations such as China, India, Brazil, and Mexico are driving the growth of global Composite Materials in Renewable Energy Market size over the study period." The Global Composite Materials in Renewable Energy Market size is forecast to reach $20 billion by 2025, after growing at a CAGR of 9% during 2020-2025. The key factors such as the reduced weight compared to metallic structures, lower transportation and erection costs, and most importantly lower maintenance costs over the lifespan of the structure driving the demand for composite materials for various renewable energy applications. The growing renewable energy projects in the developing nations such as China, India, Brazil, Argentina, and Mexico are driving the growth of global Composite Materials in Renewable Energy market size over the study period. Besides, the growth of Ocean Renewable Energy projects in the developed and de...