Composites market will reach an estimated valuation of USD 165.44 billion by 2027, while registering this growth at a rate of 7.80% for the forecast period of 2020 to 2027. Composites market report analyses the growth due to factor such as surging usage of composites in commercial aircraft.
According to Data Bridge Market Research, that has analyzed the impact of Covid-19 on companies, the market for composites is accelerating owing to factors like increasing usage of carbon fiber in wind blades, growing demand of lightweight materials & fuel efficient vehicles in transportation industry and the rising demand of glass fiber-reinforced composite pipes in sewage and water management.
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04 May 2020
