Composites Market Size, Share, Trend, Forecast, & Industry Analysis

Deveshguwal07 Dec, 2023Business

Composites market is likely to grow from USD 90.22 billion in 2021 to USD 148.16 billion by 2028 at a CAGR of 7.26% during the forecast period of 2022-2028. The prime factor underpinning the demand for composites is the increasing penetration of lightweight materials in various end-use industries such as aerospace & defense, automotive, and wind energy, which is driving the growth of the market.