The global composites market size is projected to reach USD 112.0 billion by 2027, exhibiting a CAGR of 6.88% during the forecast period. Increasing utilization of composite materials in 3D printing applications will broaden the horizons of this market, observes Fortune Business Insights™ 

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According to the report, the global market value stood at USD 99.91 billion in 2019. The other highlights of the report include:

• Deep insights into the trends, drivers, opportunities, and challenges shaping the market;
• Actionable analysis of the market segments;
• Tangible research into the regional developments impacting the market; and
• Thorough evaluation of the key market players and their strategies.

Competitive Landscape

Chief among the strategies adopted by the key players in this market are the calculated territorial expansion and tactical acquisition activities. These strategies are aiding large companies in the market to widen their offerings, strengthen global market foothold, and penetrate emerging markets.

 List of Key Companies Profiled in this Market Report:

• Toray Industries, Inc. (Tokyo, Japan)
• Teijin Limited (Tokyo, Japan)
• Mitsubishi Chemical Holdings Corporation (Tokyo, Japan)
• Hexcel Corporation (Stamford, United States)
• SGL Carbon (Wiesbaden, Germany)
• Huntsman International LLC. (Texas, United States)
• Solvay (Brussels, Belgium)
• Exel Group (Paris, France)
• Veplas d.d. (VELENJE, Slovenia)
• Composite Solutions (Sumner, United States)
• Owens Corning (Ohio, United States)

Read Related Insights-https://www.globenewswire.com/en/news-release/2022/08/08/2493993/0/en/Composites-Market-to-Hit-USD-112-Billion-by-2027-With-6-88-CAGR-2020-2027.html