Functional Composites Market_PPT
                     Functional Composites MARKET 2020
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Functional Composites MARKET 2020
Functional Composites Market 2020: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
Functional composites are used in a wide range of end-user industry application owing to their excellent magnetic, electrical, and 
optical properties among others. It is extensively used in applications such as automotive, building, and construction, aerospace, 
and defense. The rising growth of the construction and automotive industry across the globe is substantially affecting the growth 
of the functional composites market.
A range of application in the various end-use industries such as automotive, wind energy, building, and construction, military & 
defense are driving the growth of the global market. Moreover, it is estimated that the building and construction industry is set to 
witness the highest growth over the forecast period 2017-2023.
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Functional Composites MARKET 2020
Market Segmentation:
The global functional composites market is segmented into type, function, and end-user. On the basis of the type, the market is 
segregated into metal matrix composites, polymer matrix composites, ceramic matrix composites, and hybrid matrix composites.  
The market by the function is segmented into thermal conducive, electrical conducive, magnetic, barrier, and optic. The market by 
the end user industry is further categorized into aerospace and defense, wind energy, transportation, building & construction, 
electrical & electronics, and consumer goods.
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Functional Composites MARKET 2020
Regional Analysis
The global functional composites market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, 
and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing 
region at an exponential CAGR. The presence of the most populated countries of the world, such as India and China, has 
augmented the demand for various sectors such as the electronics and automotive among others, which, in turn, is anticipated to 
fuel the demand for functional composites in the region. Moreover, the growing investment in the development of residential and 
commercial infrastructure is further adding fuel to the growth of the market.
The European region is estimated to witness a significant growth during the forecast period owing to the burgeoning construction 
and automobile industry. The increasing adoption rate coupled with the growing investment in the defense sector is expected to 
boost the growth of the market in this region.
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Functional Composites MARKET 2020
Application & Major Players in this Research:
Functional Composites Market Prominent Players:
Some of the prominent players operating in the global functional composites market are 3M Company (U.S.), 3A Composites 
(Switzerland), Air Products and Chemicals, Inc. (U.S.), Bayer AG (Germany), DuPont (U.S.), AMETEK Inc. (U.S.), Applied Materials, 
Inc. (U.S.), Kyocera Corporation (Japan), Momentive Inc (U.S.), and Materion Corporation (U.S.), among others.
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