Functional Composites Market - Forecast(2022 - 2027)

Report Code: CMR 0660 Report Format: PDF + Excel
Functional Composites Market Overview:
The Asia Pacific holds a major share of the global Functional Composites market and is relied upon to be the quickest developing region at an exponential CAGR. This is due to the presence of the most populated nations of the world, for example, India and China, has increased the interest for different industries, for example, electronics and automotive among others, which, thusly, is foreseen to fuel the interest for functional composites in this region. The North American functional composites market is for the most part driven by the U.S. and Canada. The nearness of the developed end-user industries, for example, automotive and electronics combined with the expanding adoption rate is contributing essentially to the development of the market. Additionally, the developing interest in the energy and defense sector is additionally anticipated that would add fuel to the development of the market. The European region is a lucrative market and is majorly driven by the developed automobile and electrical & electronics industry. The growing application of functional composites in the aerospace and construction industries has further boosted the growth of the Functional Composites market. Furthermore, the increasing defense investment in the European region is also expected to fuel the market growth in this region.

Functional Composites Market Outlook:
Functional composites are mainly of three types: polymer matric composites, metal matrix composites, and epoxy resin matrix composites. Polymer matrix composite material uses fiber as reinforcement and organic polymers as matrix. For the most part, the quality of reinforced fiber are higher than that of matrix material, making fibers the main load-bearing part. Metal matrix composites utilize low-thickness metal, for example, aluminum; which is strengthened with strands of a ceramic material, for example, graphite or silicon carbide. Aluminum metal matrix is generally utilized in the automotive industry, inferable from its low density and high specific mechanical properties. Aluminum composite matrix commands the interest for functional metal matrix composites. Development in automotive and aerospace industries is the key driver of the interest for aluminum matrix composites. As far as reinforcement is considered, functional composites material can be grouped into diffusion enhanced composite materials, particle enhanced composite materials, and fiber reinforced composite materials. Functional composite materials are broadly utilized in many end-user industries like automotive, aerospace, defense, electrical & electronics and aerospace.
Functional Composites Market Growth Drivers: Functional composites are used in a many end-user industries like automotive, building, and construction, aerospace, and defense, owing to their excellent magnetic, electrical, and optical properties among others. The rising growth of the construction and automotive industry across the globe is substantially acting as one of the main drivers for the growth of global functional composites market.

Functional Composites Market Challenges: One of the major challenges in the global Functional Composites Market is the complex fabrication process of composites. The fabrication process is labor intensive and complex which are of high costs.  


Functional Composites Market Research Scope:
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Functional Composites market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Functional Composites market and their specific applications in different types of vehicles.

Functional Composites Market Report: Industry Coverage

Types of Functional Composites:  Metal Matrix Composites, Polymer Matrix Composites, Ceramic Matrix Composites, Epoxy Resin Matrix Composites, Hybrid Matrix Composites.

Functional Composites by Function: Thermally Conductive, Electrically Conductive.

Applications of Functional Composites: Sensors, Body Panels, Valve Covers, Truck Beds, Storage Tanks, Electrical Components, Others.

Functional Composites market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • The Middle East and Africa: Israel, South Africa, Saudi Arabia

Functional Composites Market Key Players Perspective: 
Some of the key players mentioned in this report are 3M Company (US), 3A Composites (Switzerland), Air Products and Chemicals Inc. (US), Bayer AG (Germany), DuPont (US), AMETEK Inc. (US), Applied Materials Inc. (US), Kyocera Corporation (Japan), Momentive Inc. (US) and Materion Corporation (US) among others. 

Functional Composites Market Trends:
  • Researchers from Shanghai Normal University, Shanghai, have developed a new polydopamine based functional composite particles for tumor cell targeting and dual mode cellular imaging. They have enhanced Raman scattering (SERS) dual-modal imaging capabilities. Polydopamine composite particles act as active templates, gold nanoparticles binding agent, gold ion reducing agents as well as methylene blue (MB) adsorption agents, simultaneously.
  • Scientists from China have developed a new scalable in-fiber manufacture of functional composites. This method for the fabrication of magnetic polymeric functional composite with extreme wide tunability range. This approach of manufacturing has proved that it can serve as a universal route for encapsulating various functional building blocks in magnetic polymeric particles and modulating their combinations. This is major step toward the next-generation magnetic functional composites with luminescent and electrical properties that may outperform conventional magnetic functional composites.
  • Scientists from Academy of Scientific and Innovative Research (AcSIR), CSIR, India have developed a new triluminescent functional composite pigment for non-replicable security codes to combat counterfeiting. This novel strategy is to design an un-clonable triluminescent pigment derived security ink to protect valuable merchandise, bank notes, pharmaceuticals, confidential documents etc. against counterfeiting, by embedding luminescent security codes or images. 
  • May 2, 2018: AMETEK, Inc., one of the key players in the global Functional Composites Market has acquired SoundCom Systems, one of the global leaders in the design, integration, installation, and support of clinical workflow and communication systems for healthcare facilities, educational institutions and corporations.
  • March 1, 2017: Materion Corporation, one of the key players in the global Functional Composites Market has acquired target materials business of the Heraeus Group, of Hanau, Germany, for approximately $30 million. This acquisition will strengthen Materion’s position in precious and non-precious target materials for the architectural and automotive glass, photovoltaic, display and semiconductor markets.
1. Functional Composites Market - Overview
1.1. Definitions and Scope
2. Functional Composites Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Functional Composites Market 
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis 
4. Functional Composites Market – Startup companies Scenario Premium
4.1. Top 10 startup company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. Functional Composites Market – Industry Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing business index
5.3. Case studies of successful ventures
5.4. Customer Analysis – Top 10 companies
6. Functional Composites Market Forces
6.1. Drivers
6.2. Constraints
6.3. Challenges
6.4. Porters five force model
6.4.1. Bargaining power of suppliers
6.4.2. Bargaining powers of customers
6.4.3. The threat of new entrants
6.4.4. Rivalry among existing players
6.4.5. Threat of substitutes 
7. Functional Composites Market -Strategic analysis
7.1. Value chain analysis
7.2. Opportunities analysis
7.3. Product lifecycle
7.4. Suppliers and distributors Market Share
8. Functional Composites Market – By Type (Market Size -$Million / $Billion)
8.1. Market Size and Market Share Analysis 
8.2. Application Revenue and Trend Research
8.3. By Type Segment Analysis
8.3.1. Metal Matrix Composites
8.3.2. Epoxy Resin Matrix Composites
8.3.3. Polymer Matrix Composites
8.3.4. Ceramic Matrix Composites
8.3.5. Hybrid Matrix Composites
9. Title Market – By Function (Market Size -$Million / $Billion)
9.1. Thermally Conductive
9.2. Electrically Conductive
10. Title Market – Applications (Market Size -$Million / $Billion)
10.1. Sensors
10.2. Body Panels
10.3. Valve Covers
10.4. Truck Beds
10.5. Storage Tanks
10.6. Electrical Components
10.7. Others
11. Functional Composites Market – By End-User Industry (Market Size -$Million / $Billion)
11.1. Aerospace, Defense
11.2. Wind Energy
11.3. Transportation
11.4. Building & Construction
11.5. Storage & Piping
11.6. Consumer Goods
11.7. Electrical & Electronics
11.8. Others
12. Functional Composites- By Geography (Market Size -$Million / $Billion)
12.1. Functional Composites Market - North America Segment Research
12.2. North America Market Research (Million / $Billion)
12.2.1. Segment type Size and Market Size Analysis 
12.2.2. Revenue and Trends
12.2.3. Application Revenue and Trends by type of Application
12.2.4. Company Revenue and Product Analysis
12.2.5. North America Product type and Application Market Size The U.S. Canada Mexico Rest of North America
12.3. Functional Composites- South America Segment Research
12.4. South America Market Research (Market Size -$Million / $Billion)
12.4.1. Segment type Size and Market Size Analysis 
12.4.2. Revenue and Trends
12.4.3. Application Revenue and Trends by type of Application
12.4.4. Company Revenue and Product Analysis
12.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
12.5. Functional Composites- Europe Segment Research
12.6. Europe Market Research (Market Size -$Million / $Billion)
12.6.1. Segment type Size and Market Size Analysis 
12.6.2. Revenue and Trends
12.6.3. Application Revenue and Trends by type of Application
12.6.4. Company Revenue and Product Analysis
12.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
12.7. Functional Composites– APAC Segment Research
12.8. APAC Market Research (Market Size -$Million / $Billion)
12.8.1. Segment type Size and Market Size Analysis 
12.8.2. Revenue and Trends
12.8.3. Application Revenue and Trends by type of Application
12.8.4. Company Revenue and Product Analysis
12.8.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia Hong Kong Rest of APAC
12.9. Functional Composites– Middle East Segment and Africa Segment Research
12.10. Middle East & Africa Market Research (Market Size -$Million / $Billion)
12.10.1. Segment type Size and Market Size Analysis 
12.10.2. Revenue and Trend Analysis
12.10.3. Application Revenue and Trends by type of Application 
12.10.4. Company Revenue and Product Analysis
12.10.5. Middle East Segment Product type and Application Market Size Israel Saudi Arabia UAE
12.10.6. Africa Segment Analysis South Africa Rest of Middle East & Africa
13. Functional Composites Market - Entropy
13.1. New product launches
13.2. M&A's, collaborations, JVs and partnerships
14. Functional Composites Market – Industry / Segment Competition landscape Premium
14.1. Market Share Analysis
14.1.1. Market Share by Country- Top companies
14.1.2. Market Share by Region- Top 10 companies
14.1.3. Market Share by type of Application – Top 10 companies
14.1.4. Market Share by type of Product / Product category- Top 10 companies
14.1.5. Market Share at global level- Top 10 companies
14.1.6. Best Practices for companies
15. Functional Composites Market – Key Company List by Country Premium
16. Functional Composites Market Company Analysis
16.1. Market Share, Company Revenue, Products, M&A, Developments
16.2. 3M Company (US)
16.3. 3A Composites (Switzerland)
16.4. Air Products and Chemicals Inc. (US)
16.5. Bayer AG (Germany)
16.6. DuPont (US)
16.7. AMETEK Inc. (US)
16.8. Applied Materials Inc. (US)
16.9. Kyocera Corporation (Japan)
16.10. Momentive Inc. (US) 
16.11. Materion Corporation (US) 
16.12. Company 11
16.13. Company 12
16.14. Company 13 and more
"*Financials would be provided on a best efforts basis for private companies"
17. Functional Composites Market -Appendix
17.1. Abbreviations
17.2. Sources
18. Functional Composites Market -Methodology Premium
18.1. Research Methodology
18.1.1. Company Expert Interviews
18.1.2. Industry Databases
18.1.3. Associations
18.1.4. Company News
18.1.5. Company Annual Reports
18.1.6. Application Trends
18.1.7. New Products and Product database
18.1.8. Company Transcripts
18.1.9. R&D Trends
18.1.10. Key Opinion Leaders Interviews
18.1.11. Supply and Demand Trends