Composites Market is expected to reach $72.0 Billion by 2028- An exclusive market research report by Lucintel

Lucintel’s latest market report analyzed that composites provides attractive opportunities in the transportation, marine, wind energy, aerospace, pipe & tank, construction, E&E, consumer goods, and others end uses. The composites market is expected to reach $72.0 billion by 2028 with a CAGR of 5.1%. In this market, injection molding is the largest segment by manufacturing process, whereas transportation is largest by end use. The development of low-cost carbon fibers, high performance glass fiber, and rapid cure resin system provides strategic growth path in this market.

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Based on manufacturing process, the composites market is segmented into hand lay-up, spray up, resin infusion, filament winding, pultrusion, injection molding, compression molding, prepreg lay up, and others. The injection molding segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to composite manufacturing because of high-output production rate, low labor cost, and design flexibility.

Browse in-depth TOC on “Composites Market”

55 – Tables

240 – Figures

402 – Pages

The Composites Market is marked by the presence of several big and small players. Some of the prominent players offering composites include Owens Corning, Jushi Group, Nippon Electric Glass Co Ltd., CPIC, Toray Industries, Hexcel Composites, Mitsubishi Rayon, Gurit, Polynt Reichhold.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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Tags: Composites Market Size, Composites Market, Composites Industry