A composite material can be defined as a combination of two or more materials that results in better properties than when the individual components are used alone.

Market Dynamics:

Fibers and matrices are used in conjunction to create composites. Matrices are often constructed of resins like polyester, epoxy, or thermoplastics. High-performance composites have a lower mass content than steel and iron, which is one of their main benefits. As a result, fewer components, such as joints and fasteners, are needed to keep the product together. This not only reduces the product's overall weight but also makes it stiffer and hence stronger.

On the other hand, strict food regulations is expected to hamper the market growth. Growing environmental concerns and stringent regulations regarding pollution control have forced automotive manufacturers to enhance their technologies and develop vehicles having low pollution. One of the most important factors affecting fuel efficiency and vehicular pollution is the overall weight of the vehicle

Key features of the study:

• This report provides in-depth analysis of the global Composites Market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the Global Composites Market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Companies de, Saint-Gobain S.A., Momentive Performance Materials, Inc., Kineco Limited, Veplas Group, China Jushi Group Co., Ltd., Braj Binani Group, and Guardian Fibre Glass.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The Global Composites Market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Composites Market.

Detailed Segmentation:

• Global Composite Market, By Product
  • Carbon Fiber
  • Glass Fiber
  • Others
• Global Composite Market, By Manufacturing Process
  • Layup Process
  • Filament Winding Process
  • Injection Molding Process
  • Pultrusion Process
  • Compression Molding Process
  • Resin Transfer Molding Process
  • Others
• Global Composite Market, By End-Use
  • Automotive & Transportation
  • Electrical & Electronics
  • Wind Energy
  • Construction & Infrastructure
  • Pipes & Tanks
  • Marine
  • Others
• Global Composite Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • Companies de
  • Saint-Gobain S.A.
  • Momentive Performance Materials, Inc.
  • Kineco Limited
  • Veplas Group
  • China Jushi Group Co., Ltd.
  • Braj Binani Group
  • Guardian Fibre Glass