Latest Market Research Report 2025

The global   composites market   was valued at USD 93.69 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. This growth is primarily driven by the increasing demand for lightweight components, particularly in the automotive and transportation sectors. Additionally, the growing adoption of advanced lightweight components across various manufacturing industries is expected to further boost market growth during the forecast period. Composites are widely used in the aerospace and defense sectors due to their ability to significantly reduce the weight of military aircraft and helicopters. The reduction in weight is critical for enhancing fuel efficiency and improving overall performance, making it a key driver of growth in these industries. Regional Insights Asia Pacific: The Asia Pacific region dominated the global composites market, accounting for 45.4% of the global demand in 2022. The region is expected to continue its st...

  Composites Industry Overview The global  composites market  size is expected to reach USD 144.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.6% from 2021 to 2028. Increasing demand for lightweight materials in various industries such as automotive and transportation, along with the increasing government investment in green transportation is augmenting growth of the market. Composites Market Segmentation Grand View Research has segmented the global composites market on the basis of product, manufacturing process, end use, and region: Based on the Product Insights, the market is segmented into Carbon Fiber, Glass Fiber and Others. The glass fiber composites segment led the market and accounted for about 61.1% share of the revenue in 2020. The beneficial properties of these fibers such as low thermal expansion, high stiffness, high temperature tolerance, high chemical resistance, an...