Europe & Middle East Composites Market Size Is Anticipated To Reach USD 18.99 Billion By 2030
San Francisco, 29 Nov 2024: The Report Europe & Middle East Composites Market Size, Share & Trends Analysis Report By Fibers (Glass Fibers, Carbon Fibers), By Resins, By End Use (Automotive & Transportation, Electrical & Electronics), By Region, And Segment Forecasts, 2024 - 2030 The Europe & Middle East composites market size is anticipated to reach USD 18.99 billion by 2030, expanding at a CAGR of 6.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the rising demand for lightweight components in the automotive & transportation industry. In addition, the increasing fuel prices and stringent government regulations have shifted the focus of automobile manufacturers toward lightweight components, which is expected to further propel the demand for composites over the forecast period. Furthermore, the growing utilization of carbon fiber components in the automotive in...