The global composite panels market is projected to reach approximately USD 22.3 billion by 2034, up from USD 10.8 billion in 2024. This growth reflects a compound annual growth rate (CAGR) of 7.5% over the forecast period spanning 2025 to 2034.
Composite panels are becoming increasingly popular due to their lightweight strength, superior insulation, and long-lasting performance qualities that align well with the demands of modern infrastructure. These panels are widely used in building façades, temperature-controlled storage, sterile environments, and transportation systems. Growing emphasis on energy-efficient construction and stricter fire safety regulations has notably boosted their adoption.
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