Transportation Composites Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Transportation Composites Market is segmented By Resin (Thermoset, Thermoplastic), By Manufacturing Process (Compression Molding, Injection Molding, R....
Transportation Composites Market Size
Market Size in USD
CAGR12.73%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 12.73% |
| Market Concentration | Medium |
| Major Players | Mitsubishi Chemical Holdings Corporation, Jushi Group, Toray Group, Teijin Ltd, Solvay S.A |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Transportation Composites Market Analysis
The transportation composites market is estimated to be valued at USD 45.75 Bn in 2024 and is expected to reach USD 105.85 Bn by 2031, growing at a compound annual growth rate (CAGR) of 12.73% from 2024 to 2031. The increase in demand for lightweight and fuel-efficient vehicles across major industries such as automotive, aerospace, and defense is driving the need for advanced transportation composite materials.