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The future of the composites market looks promising with opportunities in the transportation, marine, wind energy, aerospace, pipe & tank, construction, E&E, consumer goods, and others end uses. The global composites market is expected to reach an estimated $60.6 billion by 2027 with a CAGR of 5.2% from 2021 to 2027. The major drivers for growth in this market are increasing demand for lightweight materials in the aerospace & defense and automotive industries; corrosion- and- chemical-resistant materials’ demand in construction, and pipe & tank industries; electrical resistivity and high flame retardant materials’ demand in the electrical and electronics industry.
Emerging trends, which have a direct impact on the dynamics of the industry, are the development of low-cost carbon fibers, high performance glass fiber, and rapid cure resin system.
A total of 404 figures / charts and 55 tables are provided in this 240-page report to help in your business decisions. Sample figures with insights are shown below. To learn the scope of benefits, companies researched, and other details of the composites market report, please download the report brochure.