Burlingame, Jan. 19, 2024 (GLOBE NEWSWIRE) — The global Composites Market is expected to be valued at US$ 93.4 billion in 2023 and is projected to reach USD 164.6 billion by 2031; it is expected to grow at a CAGR of 47.7% from 2024 to 2031 according to a new report by Coherent Market Insights. Composites are materials made from two or more constituent materials with significantly different physical or chemical properties that, when combined, produce a material with characteristics different from the individual components. Composites are increasingly used in automotive, aerospace, construction and other industries owing to their high strength-to-weight ratio and corrosion resistance.

(GlobeNewsWire)