Press release
“Global Composites Industry Set to Soar” says Sanjay Mazumdar at the CAMX 2016 Panel Discussion
Insights that Matter
Speaking at the CAMX session, Dr. Mazumdar said that innovation and partnership will be necessary if the industry is going to achieve that growth potential. He stated that the demand for composites looks very promising in various sectors; growth is driven by light weighting, performance, and aesthetic trends. In the automotive market alone, the opportunity for lightweight materials is expected to reach $350 billion in 2025 and composites can play a significant role in that. Similarly, there is an influx of composites opportunities in consumer goods, such as in cell phone cases, purses, and luggage applications. These opportunities are worth about $200 billion. To tap into these prospects, we need leaders who can innovate by coming up with new materials, technologies, and products to address market needs, said Dr. Mazumdar.
To learn more about the opportunities for the global composites industry, click http://www.lucintel.com/composites_market_2021.aspx
To learn more about Dr. Mazumdar and other speakers comment during CAMX session, click http://compositesmanufacturingmagazine.com/2016/09/global-composites-new-opportunities-disruptive-technologies-going-green/
Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. Lucintel team of trusted industry experts for materials and manufacturing industries have executed over hundreds of consulting projects for clients, ranging from small up to multinational companies such as 3M, Audi, BASF, Cytec, DSM, Eastman, GE, Huntsman, Momentive and Sumitomo. To learn how Lucintel can help focus your business development efforts with pragmatic solutions, watch a 3.5-minute short movie at www.lucintel.com/imovie/.
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