Advanced Polymer Composites Market to surpass a valuation of US$ 19.73 Billion by 2032
As per the reports published by FMI, the global advanced polymer composites market is projected to register an average-paced CAGR of 5.9% during the forecast period. The current valuation of the market is US$ 11.12 Billion in 2022. The value of the advanced polymer composites market is anticipated to surpass a valuation of US$ 19.73 Billion by the year 2032. A historical market valuation of US$ 10.5 Billion has been recorded by the experts of Future Market Insights during the base year. FMI has analyzed that the rise in the production of electronic vehicles is leading to numerous research and development activities in the advanced polymer composites market. Beneficial avenues are getting unraveled for the leading companies. In addition to that, the government support received by the aerospace and automotive industry is expected to spur the demand for composites. Recently, the French government announced a US$ 8.2 Billion rescue plan for the country’s automobile sector in the base y