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The composite materials market size is forecast to increase by USD 32.46 billion, at a CAGR of 10.94% between 2023 and 2028. The composite materials market is experiencing significant growth, driven by the transportation industry's increasing demand for lightweight and durable materials. Composite fibers, particularly glass fibers, are gaining popularity in this sector due to their strength, flexibility, and resistance to corrosion. Additionally, the electronics industry presents a growing number of opportunities for textile and glass fibers. Composite fibers are essential in creating advanced components for electronic devices, such as printed circuit boards and batteries. Furthermore, the construction sector's demand for composite fibers continues to rise due to their ability to improve the durability and strength of structures while reducing overall weight. Overall, the composite fibers market is poised for continued growth across various industries, offering significant opportunities for innovation and development.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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