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 By MarketsandMarkets
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Functional Composites Market: Global Forecast to 2021 “The global functional composites market size is projected to reach USD 43.35 billion by 2021” The global functional composites market is projected to reach USD 43.35 billion by 2021, from USD 26.33 billion in 2015, registering a CAGR of 8.7% between 2016 and 2021. The main reasons for the growth of this market are the increasing use of these composites for various functions which they serve along with their structural properties. “Thermally Conductive Composites: The largest function segment of the market” Thermally conductive composites segment was the largest function segment of the global functional composites market in 2015. Thermally conductive composites are increasingly used in the aerospace & defense, consumer goods & electronics, and transportation industries for heat dissipation application. Electrical conductivity is another key function where carbon fiber, which is electrically conductive by nature, is used as reinforcement. Other key functions include magnetic, barrier, and optics. © RnRMarketResearch.com ; sales@rnrmarketresearch.com ; +1 888 391 5441
Functional Composites Market: Global Forecast to 2021 “Asia-Pacific: The fastest-growing regional market for functional composites” The Asia-Pacific functional composites market is the fastest-growing market, with high demand from the region’s consumer goods & electronics and transportation industries. This market has the highest growth potential, as emerging economies in the region are expected to provide a key market to end users of functional composites. North America and Europe are the major markets for functional composites, and are expected to maintain their dominance during the forecast period. Breakdown of profile of primary participants: By Company Type: Tier 1 - 59%, Tier 2 - 21%, and Tier 3 - 20% By Designation: Director Level - 31%, Manager Level - 69% By Region: North America - 55%, Europe - 38%, Asia-Pacific - 5%, RoW - 2%
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Functional Composites Market: Global Forecast to 2021 As a part of qualitative analysis, the report provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by different market players, such as The 3M Company (U.S.), Applied Materials, Inc. (U.S.), Momentive Performance Materials Inc. (U.S.), Kyocera Corporation (Japan), E.I. DuPont de Nemours (U.S.), Covestro AG (Bayer AG, Germany), Air Products (U.S.) Materion Corporation (U.S.), and others. Complete report on Functional Composites Market spread across 159 pages, profiling 10 companies and supported with 86 tables and 67 figures is now available at http://www.rnrmarketresearch.com/functional-composites-market-by-type-metal-matrixcomposites-polymer-matrix-composites-function-thermally-conductive-electricallyconductive-end-user-consumer-goods-electronics-transportation-region-st-to-2021market-report.html .
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Functional Composites Market: Global Forecast to 2021 Table of Contents: 1 Introduction
7 Functional Composites Market, By Matrix Type
2 Research Methodology
8 Functional Composites Market, By Function
3 Executive Summary
9 Functional Composites Market, By End-User
4 Premium Insights
10 Regional Analysis
5 Market Overview 6 Industry Trends
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