The global Functional Composites market was valued at US$ 43150 million in 2023 and is projected to reach US$ 66080 million by 2029, at a CAGR of 6.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Functional Composites market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
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The China market for Global Functional Composites market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Functional Composites market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
Functional composite material refers to the composite material that provides other physical properties besides mechanical properties.
This report aims to provide a comprehensive presentation of the global market for Functional Composites, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Functional Composites. This report contains market size and forecasts of Functional Composites in global, including the following market information:
- Global Functional Composites Market Revenue, 2019-2024, 2024-2029, ($ millions)
- Global Functional Composites Market Sales, 2019-2024, 2024-2029, (K MT)
- Global top five Functional Composites companies in 2023 (%)
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Functional Composites manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks. Total Market by Segment:
Global Functional Composites Market, by Type, 2019-2024, 2024-2029 ($ Millions) & (K MT)
Global Functional Composites Market Segment Percentages, by Type, 2023 (%)
- Metal Matrix Composites
- Polymer Matrix Composites
Global Functional Composites Market, by Application, 2019-2024, 2024-2029 ($ Millions) & (K MT)
Global Functional Composites Market Segment Percentages, by Application, 2023 (%)
- Aerospace & Defense
- Wind Energy
- Transportation
- Building
- Consumer Goods & Electronics
- Others
Global Functional Composites Market, By Region and Country, 2019-2024, 2024-2029 ($ Millions) & (K MT)
Global Functional Composites Market Segment Percentages, By Region and Country, 2023 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Functional Composites revenues in global market, 2019-2024 (Estimated), ($ millions)
- Key companies Functional Composites revenues share in global market, 2023 (%)
- Key companies Functional Composites sales in global market, 2019-2024 (Estimated), (K MT)
- Key companies Functional Composites sales share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
- 3M
- Applied Materials
- Momentive Performance Materials
- Kyocera
- DuPont
- Covestro
- Air Products & Chemicals
- 3A Composites
- Bayer
- Ametek
- Materion
- Aerospace Metal Composites
- GKN PLC
- Momentive Performance Materials
Chapter 1: Introduces the definition of Functional Composites, market overview.
Chapter 2: Global Functional Composites market size in revenue and volume.
Chapter 3: Detailed analysis of Functional Composites manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Functional Composites in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Functional Composites capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
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Table of content
1 Introduction to Research & Analysis Reports
1.1 Functional Composites Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Functional Composites Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Functional Composites Overall Market Size
2.1 Global Functional Composites Market Size: 2022 VS 2031
2.2 Global Functional Composites Revenue, Prospects & Forecasts: 2019-2031
2.3 Global Functional Composites Sales: 2019-2031
3 Company Landscape
3.1 Top Functional Composites Players in Global Market
3.2 Top Global Functional Composites Companies Ranked by Revenue
3.3 Global Functional Composites Revenue by Companies
3.4 Global Functional Composites Sales by Companies
3.5 Global Functional Composites Price by Manufacturer (2019-2024)
3.6 Top 3 and Top 5 Functional Composites Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Functional Composites Product Type
3.8 Tier 1, Tier 2 and Tier 3 Functional Composites Players in Global Market
3.8.1 List of Global Tier 1 Functional Composites Companies
3.8.2 List of Global Tier 2 and Tier 3 Functional Composites Companies
4 Sights by Product
4.1 Overview
4.1.
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The report "Functional Composites Market by Type (Metal Matrix Composites, Polymer Matrix Composites), Function (Thermally Conductive, Electrically Conductive); End-User (Consumer Goods & Electronics, Transportation), Region - Global Forecast to 2021", The functional composites market is expected to grow from USD 28.62 Billion in 2016 to USD 43.35 Billion by 2021, at a CAGR of 8.7% from 2016 to 2021.
Increase in the use of functional composites in various end-use industries is expected to drive the growth of functional composites market.Get PDF brochure of the report:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=164726061Browse 86 market data tables with 67 figures spread through 159 pages and in-depth TOC on "Functional Composites Market”Thermally Conductive: Largest segment of functional composites market based on functionThe thermally conductive function holds the largest share in the global functional composites market.
Graphite fibers are usually added to ceramic matrix composites for thermal conduction.Polymer Matrix Composites: Largest segment of functional composites based on matrix typeThe polymer matrix type holds the largest share in the global functional composites market among various matrix types.
This growth can be attributed to the significant rise in demand from consumer electronics, aerospace & defense, and transportation segments, with a high impetus on weight reduction and less complex manufacturing methods, such as injection molding.
Polymer matrix composites are primarily used in the aerospace industry, since they are lightweight and provide better strength, stiffness, and other structural benefits.North America: Largest market for functional composites, globallyNorth America was the largest market for functional composites in 2015.
The rise in demand for functional composites in the North American region can be attributed to the growth of various end-use industries, such as automotive, aviation, electrical & electronics, and energy & power, among others.
