Composites Market Report: Trends, Insights, and Forecast for 2030

According to the study by Next Move Strategy Consulting, the Composites Market size is predicted to reach USD 175.20 billion with a CAGR of 7.6% till 2030.

Composites material is a substance that is obtained by combining two or more constituent elements such as fibres, polymers and matrix materials. These individual elements are merged to produce a composite material that has distinct and dissimilar properties to
that of the individual elements.

Composites have a wide variety of applications including equipment and machinery, medical, shipbuilding, building and furniture, among others. This is due to the remarkable properties of composites which includes their low weight, stiffness and strength, ease in
manufacturing complex shapes, resistance to corrosion, and temperature lenience.

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