According to DataHorizzon Research, The composite materials market was valued at USD 115.3 Billion in 2022 and is projected to reach USD 263.2 Billion by 2032 at a CAGR of 8.7%.
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Composite materials are paramount to several industries, such as steel, construction, automotive, aerospace, and transportation. The demand for durable and anti-resistant composite materials is rising with increasing urbanization.
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