Global Functional Composites Market Growth 2023-2029

Global Functional Composites Market Growth 2023-2029

Functional composite material refers to the composite material that provides other physical properties besides mechanical properties.

LPI (LP Information)' newest research report, the “Functional Composites Industry Forecast” looks at past sales and reviews total world Functional Composites sales in 2022, providing a comprehensive analysis by region and market sector of projected Functional Composites sales for 2023 through 2029. With Functional Composites sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Functional Composites industry.

This Insight Report provides a comprehensive analysis of the global Functional Composites landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Functional Composites portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Functional Composites market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Functional Composites and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Functional Composites.

The global Functional Composites market size is projected to grow from US$ 41020 million in 2022 to US$ 65040 million in 2029; it is expected to grow at a CAGR of 65040 from 2023 to 2029.

Based on end-user industry segment, aerospace & defense is the largest segment of the functional composites market, having accounted for largest share.

This report presents a comprehensive overview, market shares, and growth opportunities of Functional Composites market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Metal Matrix Composites
Polymer Matrix Composites

Segmentation by application
Aerospace & Defense
Wind Energy
Transportation
Building
Consumer Goods & Electronics
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Functional Composites market?

What factors are driving Functional Composites market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Functional Composites market opportunities vary by end market size?

How does Functional Composites break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.