"Global Composites Market to Reach USD 163.97 Billion by 2030, Fueled by Demand for Lightweight and High-Performance Materials"
The global composites market is on a strong growth trajectory, valued at USD 93.69 billion in 2022 and projected to reach USD 163.97 billion by 2030, expanding at a CAGR of 7.2% from 2023 to 2030. This growth is largely fueled by rising demand for lightweight, durable materials in the automotive and transportation sectors, where composites enhance fuel efficiency and overall vehicle performance. Additionally, increasing adoption across manufacturing industries further bolsters market expansion. In aerospace and defense, composites continue to revolutionize aircraft design by significantly reducing weight and improving fuel efficiency, particularly in military aircraft and helicopters. As performance and environmental standards grow more stringent, composites are becoming essential to innovation across these high-tech sectors. Download Sample Pages- https://www.theresearchinsights.com/request_sample?id=1 End-Use Insights Automotive and transportation led the end-use segmen...