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【English Market Research Report】Market for Advanced Composite Materials

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According to the latest report from Grand View Research, Inc., the global advanced composites market is expected to reach USD 70.18 billion by 2030, growing at a CAGR of 9.3% from 2024 to 2030. The increasing demand for these products in the aerospace and defense industries, as well as in sports equipment, is anticipated to drive market growth. Advanced composites, also known as advanced polymer matrix composites, are lightweight materials with high strength and elasticity. These products are manufactured using fibrous materials embedded in various resin matrices. These advanced materials are widely used in aerospace and defense, automotive, marine, and wind energy sectors.

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