MRO Magazine

Global Functional Composites Market Worth USD 43.35 Billion by 2021 – Analysis, Technologies & Forecasts Report 2016-2021 – Key Vendors: 3A Composites, 3M Company, Bayer – Research and Markets


June 27, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “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” report to their offering.

The functional composites market is expected to grow from USD 28.62 Billion in 2016 to USD 43.35 Billion by 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 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.

Aerospace & defense is the largest end-user industry segment of the global functional composites market, having accounted for the largest market share in 2015. This large share can be attributed to the high usage of functional composites in key application areas, such as body parts of aircraft, combustion systems, and others. Transportation and consumer goods & electronics are the other key end-user industries for functional composites.

Companies Mentioned:

  • 3A Composites Inc.
  • 3M Company
  • Air Products and Chemicals, Inc.
  • Ametek, Inc.
  • Applied Materials, Inc.
  • Bayer AG
  • E. I. Du Pont De Nemours and Company
  • Kyocera Corporation
  • Materion Corporation
  • Momentive Performance Materials Inc.

Report Structure:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Functional Composites Market, By Matrix Type

8 Functional Composites Market, By Function

9 Functional Composites Market, By End-User

10 Regional Analysis

11 Competitive Landscape

12 Company Profiles

13 Appendix

For more information visit http://www.researchandmarkets.com/research/733xcr/functional

Research and Markets
Laura Wood, Senior Manager
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