The Composites Market size was valued at USD 116.75 billion in 2022 and is projected to reach USD 216.09 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8% during the forecast period from 2023 to 2030.

Composites Market Latest , which refer to materials made from two or more constituent materials with distinct properties, have witnessed significant market growth in recent years. This upward trajectory is expected to continue as the demand for lightweight, durable, and high-performance materials rises across various industries.

The market's impressive growth can be attributed to several factors. Firstly, the increasing adoption of composites in the aerospace and defense sector, driven by the need for fuel-efficient aircraft and advanced military equipment, has been a major catalyst. Additionally, the automotive industry has recognized the benefits of composites in terms of weight reduction, improved fuel efficiency, and enhanced safety features, leading to a surge in their usage.

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Market Segmentation:

By Fiber Type

• Glass Fiber Composites
• Carbon Fiber Composites
• Natural Fiber Composites
• Other Fiber Composites

By Resin Type

• Thermoset Composites
• Thermoplastic Composites

By end-use industry

• Aerospace & defense
• Wind Energy
• Automotive & Transportation
• Construction & Infrastructure
• Marine
• Pipe & Tank
• Electrical & Electronics
• Others

By Manufacturing Process

• Lay-up
• Filament Winding
• Injection Molding
• Pultrusion
• Compression Molding
• RTM
• Others

Key players:

Solvay (Belgium), Hexion (US), Toray Industries Inc. (Japan), Jushi Group Co., Ltd (China), Hexcel Corporation (US), Owens Corning (US), Teijin Limited (Japan), PPG Industries, Inc. (US), SGL Carbon (Germany), Mitsubishi Chemicals Corporation (Japan), Huntsman International LLC (US).

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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Composites Market Latest By Fiber Type
9.Emulsion Composites Market Latest  By Resin Type
10.Emulsion Composites Market Latest By End Use Industry
11.Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion

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