Composites Market To Witness A Significant Growth Of USD 163.97 Billion By 2030
San Francisco, 9 Feb 2023: The Report Composites Market Size, Share & Trends Analysis Report By Product Type (Carbon fiber, Glass Fiber), By Manufacturing Process (Layup, Filament, Injection Molding, Pultrusion), By End-Use, By Region, And Segment Forecasts, 2022 - 2030 The global composites market size is expected to reach USD 163.97 billion by 2030, registering a CAGR of 7.0% over the forecast period,according to a new report by Grand View Research, Inc. The demand for composites is expected to witness significant growth owing to the rising fuel prices and stringent government regulations have shifted automobile manufacturers focus on light-weighted components which would further propel the market demand over the forecast period. Composite products play an essential role in the manufacturing of automotive and aircraft parts. The growing concerns regarding fuel consumption and CO 2 emission levels have prompted the manufacturers to use carbon fiber composite materials as sub