Composites Market Analysis, Key Trends, Growth and Forecast Report by 2028
The report ‘Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process, End-use Industry, and Region – Global Forecast to 2028′, size is expected to witness a CAGR of 10.8% and is USD 108.8 billion in 2023 and is estimated to reach USD...
Aerospace & Defense and Transportation Applications plays a Key Role in the Growth of Composites Market
Composites have high demand in the aerospace & defense application and their use is expected to increase in the coming five years due to the increasing penetration of advanced composites in commercial aircraft, such as the Boeing 787 and the Airbus A350. The global market for composites is estimated to grow from USD 69.50 billion in 2015 to USD 105.26 billion by 2021, at a CAGR of 7.04% between...