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The future of composite tube market looks promising with opportunities in industrial, electrical, robotics and automation, sports and leisure, transportation and telecommunication industries. The composite tube market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 2% to 4% from 2020 to 2025. The major drivers for this market are increasing demand for lightweight and corrosion resistance structures in industrial, robotics and automation industries.
Emerging trend, which has a direct impact on the dynamics of the industry, includes development of high performance carbon fiber tube by discontinuous fiber. Exel Composites, Accurate Plastics, Strongwell Corporation, Fibertech Composite, Fibergrate Composite Structures, Glasforms, Composite Resources, Foshan Zhihui Junzhang Advanced Composite Technology and Rock West Composites are among the leading suppliers of composite tube market.
A total of 94 figures / charts and 66 tables are provided in this 136 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this composite market report download the report brochure.
In this market, sports and leisure is the largest end use industry of composite tubes, whereas glass fiber is largest in fiber type. Growth in various segments of the composite tube market are given