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The defense segment in APAC is gaining its pace with the increased expenditure on the defense budget.
The defense industry uses advanced composites in rockets and tanks.
Germany has the third largest aerospace & defense market in Europe.
Stable economic growth, increase in defense budget of the U. S., and resurgence of global security threats are driving the aerospace & defense industry in the U. S.
The increase in the defense budget due to the resurgence of global security threats is also driving the aerospace & defense industry in the U. S.
The defense industry continues to use carbon fiber in rockets and tanks.
Aerospace & defense application is the largest consumer of prepreg.
The products were specifically designed for the automotive and defense industry.