Composites Market worth USD 181.7 billion by 2028 at a CAGR of 10.8%

 the 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 108.8 USD billion in 2023 and is estimated to reach 181.7 USD billion by 2028. Demand for composites is expected to to grow due to the increase in the demand for high performance materials with properties such as high strength to weight ratio, good tensile strength, and electrical conductivity among others.

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  • 487 Market data Tables
  • 97 Figures
  • 499 Pages and in-depth TOC on “Composites Market – Global Forecast to 2028″

This report also provides a comprehensive analysis of the companies listed below:

The key players in the composite market include Owens Corning (US), Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation,(Japan) and SGL Group (Germany). These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities to expand their presence in the composite market further.

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