Composites Market Outlook 2023–2030: Growth, Trends, and...

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2025-12-03 06:53:38 -

Composites Market Outlook 2023–2030: Growth, Trends, and Forecast

The global composites market size was valued at USD 93.69 billion in 2022 and is projected to reach USD 163.97 billion by 2030, expanding at a CAGR of 7.2% from 2023 to 2030. This steady growth is primarily driven by the rising demand for lightweight components, especially within the automotive and transportation sectors, where reducing vehicle weight is closely linked to improved...

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