Sports Composites Market | Exactitude Consultancy Reports

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Sports Composites Market Overview
The global Sports Composites Market size was valued at USD 3.26 billion in 2020, and projected to reach USD 5.44 billion by 2029, with a CAGR of 5.88% from 2022 to 2029.

Sports Composites are composites that are used in sports equipment, among other things. Almost every sport has found a use for carbon or glass fiber composites, from the waters of the world’s most intense boat races to the Super Bowl gridiron. Composite can be used to improve sports equipment used to protect athletes as well as to improve the venues that host the games. Carbon Fiber, Glass Fiber, and other sports composites are examples.

Segment Analysis
The market is divided into three types: carbon fiber, glass fiber, and others. Carbon fiber was dominant in 2020, accounting for 64% of the total market share. Carbon fibers led the global sports composites market in terms of value. This is due to the higher prices of carbon fibers, which are used in the manufacture of sports goods such as golf shafts, fishing rods, bicycle frames, and rackets because they provide compression and lateral stability, as well as being lightweight, strong, and durable. Carbon fiber is one of the most technologically advanced reinforcement materials, with higher tensile strength than other reinforcement fibers.

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