High Performance Composites Market is projected to grow USD 40.5 Bn in 2028, at a CAGR of 6%
The high performance composites market was valued at USD 22.3 Bn in 2021. The market is projected to grow USD 40.5 Bn in 2028, at a CAGR of 6%. Fiber and resin are the two separate components that make up composites. The novel substance, which differs from fibre and resin in terms of qualities, is distinguished by great strength and stiffness as well as low weight. These characteristics have boosted demand for the material in a range of industries, including aerospace, military, and automobiles. The market for high performance composites is predicted to grow in response to rising demand for lightweight materials. Automobiles with lower kerb weights are more efficient, resulting in lower fossil fuel use. As a result, environmental agencies such as the Environmental Protection Agency (EPA) have supported the usage of such materials in order to maintain ecological balance. A polymer resin with fibre reinforcements is used to make high-performance composites. Due to their lightweight and