According to the recent study the composites market is projected to reach an estimated $70.0 billion by 2030from $52.0 billion in 2023, at a CAGR of 4% from 2023 to 2030. Growth in this market is primarily driven by increasing demand for lightweight materials in the aerospace & defense, and automotive industries; corrosion- and- chemical-resist
Lucintel Forecasts Carbon Fiber Market to Reach $5.0 Billion by 2030
According to the recent study the carbon fiber market is projected to reach an estimated $5.0 billion by 2030 from $3.4 billion in 2023, at a CAGR of 6% from 2023 to 2030. Growth in this market is primarily driven by growth, owing to factors such as increasing demand for lightweight and fuel-efficient vehicles, aerospace advancements, wind energy e
Lucintel Forecasts the Global North American Reinforced Thermoplastic Pipe Market to Reach$1.1 billion by 2030
According to a market report by Lucintel, the future of the global North American reinforced thermoplastic pipe market looks promising with opportunities in the oil and gas, water and wastewater, and mining & other applications. The global North American reinforced thermoplastic pipe market is expected to reach an estimated $1.1 billion by 2030