Functional Composites Market Report: Trends, Forecast and Competitive Analysis

Functional Composites Market Trends and Forecast

The future of the functional composites market looks promising with opportunities in the aerospace & defense, wind energy, transportation, consumer goods & electronics, building, construction, and storage & piping industries. The global functional composites market is expected to grow with a CAGR of 8% to 10% from 2023 to 2028. The major drivers for this market are growing demand for end use industry industries, rising demand for functional composites in eco-friendly constructions and increasing demand for affordable and standardized raw materials.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched and other details of the global functional composites market report, please download the report brochure.

Functional Composites Market by Segment

The study includes a forecast for the global functional composites market by matrix type, function, manufacturing process, end use industry, and region, as follows:

Functional Composites Market by Matrix Type [Value ($B) Shipment Analysis from 2017 to 2028]:

• Metal Matrix
• Polymer Matrix
• Ceramic Matrix
• Hybrid Matrix

Functional Composites Market by Function [Value ($B) Shipment Analysis from 2017 to 2028]:

• Thermally Conductive
• Electrically Conductive
• Magnetic
• Barrier
• Optics
• Others

Functional Composites Market by Manufacturing Process [Value ($B) Shipment Analysis from 2017 to 2028]:

• Hand Layup
• Filament Winding
• Injection Molding
• Compression Molding
• Resin Transfer Molding
• Pultrusion
• Others

Functional CompositesMarket by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:

• Aerospace & Defense
• Wind Energy
• Transportation
• Consumer Goods & Electronics
• Building
• Construction
• Storage & Piping
• Others

Functional Composites Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Functional Composites Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies functional composites companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the functional composites companies profiled in this report include:.

• 3A Composites
• 3M
• Air Products and Chemicals
• Ametek
• Applied Materials
• Bayer AG
• E. I. Du Pont De Nemours

Functional Composites Market Insights

• Lucintel forecasts that metal will remain the largest segment over the forecast period due to the growing demand for low weight materials among the end use industries.
• APAC will remain the largest region due to the rapid industrialization, growing population and rising disposable income of consumers in the region.

Features of the Functional Composites Market

• Market Size Estimates: Functional composites market size estimation in terms of value ($B)
• Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
• Segmentation Analysis: Functional composites market size by various segments, such as by matrix type, function, manufacturing process, end use industry, and region
• Regional Analysis: Functional composites market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different by matrix type, function, manufacturing process, end use industry, and regions for the functional composites market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the functional composites market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the functional composites market size?

Answer: The global functional composites market is expected to reach an estimated $xx billion by 2028.

Q2. What is the growth forecast for functional composites market?

Answer: The global functional composites market is expected to grow with a CAGR of 8% to 10% from 2023 to 2028.

Q3. What are the major drivers influencing the growth of the functional composites market?

Answer: The major drivers for this market are growing demand for end use industries, rising demand for functional composites in eco-friendly constructions and increasing demand for affordable and standardized raw materials.

Q4. What are the major segments for functional composites market?

Answer: The future of the functional composites market looks promising with opportunities in the aerospace & defense, wind energy, transportation, consumer goods & electronics, building, construction, and storage & piping industries

Q5. Who are the key functional composites companies?

Answer: Some of the key functional composites companies are as follows:

• 3A Composites
• 3M
• Air Products and Chemicals
• Ametek
• Applied Materials
• Bayer AG
• E. I. Du Pont De Nemours

Q6. Which functional composites segment will be the largest in future?

Answer:Lucintel forecasts that metal will remain the largest segment over the forecast period due to the growing demand for low weight materials among the end use industries.

Q7. In functional composites market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region due to the rapid industrialization, growing population and rising disposable income of consumers in the region.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1. What are some of the most promising, high-growth opportunities for the functional composites market by matrix type (metal matrix, polymer matrix, ceramic matrix, and hybrid matrix), function (thermally conductive, electrically, conductive, magnetic, barrier, optics, and others), manufacturing process (hand layup, filament winding, injection molding, compression molding, resin transfer molding, pultrusion, and others), end use industry (aerospace & defense, wind energy, transportation, consumer goods & electronics, building, construction, storage & piping, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?