A composite material is made up of two components that have distinct physical and chemical properties. When they are mixed, they form a material that is specialized to perform a specific function, such as becoming stronger, lighter, or electrically resistant. They can also help to increase strength and stiffness. They are preferred over traditional materials because they increase the qualities of their basic materials and are applicable in many situations. The global composites market was valued at US$102.75 billion in 2022 and is expected to be worth US$148.08 billion in 2028.

The market value is expected to grow at a CAGR of 6.28% during the forecast period of 2023-2028. Composites market is expected to continue to grow as industries look for materials that offer high strength, durability, and lightweight properties. Furthermore, the factors such as growing demand for carbon fiber composites, development of new resin systems and advancements in development technology are expected to drive the market growth in the coming years.

Scope of the Report:

The report titled “Global Composites Market: Analysis By Resin Type (Thermoset & Thermoplastic), By Fiber Type (Glass Fiber, Carbon Fiber, Natural Fiber & Others), By End User (Automotive & Transportation, Electrical & Electronics, Construction & Infrastructure, Wind Energy, Pipes & Tanks, Marine, & Other), By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028”, includes:

-- An in-depth analysis of the global composites market by value, by resin type, by fiber type, by end user, by region, etc.

-- The regional analysis of the composites market, including the following regions:

North America (The US, Canada, and Mexico)
Europe (Germany, Italy, UK, France, Spain and Rest of the Europe)
Asia Pacific (China, Japan, India, South Korea, Australia and Rest of Asia Pacific)
ROW

-- Comprehensive information about emerging markets. This report analyses the market for various segments across geographies.

-- Provides an analysis of the COVID-19 impact on the global composites Market.

-- Assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall the global composites market has also been forecasted for the period 2023-2028, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.

-- Evaluation of the potential role of the composites to improve the market status.

-- Identification of new technological developments, R&D activities, and product launches occuring in the composites market.

-- In-depth profiling of the key players, including the assessment of the business overview, market strategies, regional and business segments of the leading players in the market.

-- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

-- The in-depth analysis provides an insight into the market, underlining the growth rate and opportunities offered in the business. 

For further details, kindly visit :

https://www.daedal-research.com/chemicals/global-composites-market-size-and-trends-with-impact-of-covid-19-and-forecast-up-to-2028

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