DUBLIN, June 27, 2016 /PRNewswire/ --
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, at a CAGR of 8.7% from 2016 to 2021. The market has witnessed considerable growth in recent years, due to applications of functional composites in various end-user industries. Functional composites are designed to perform various functions, such as thermal conductivity, electrical conductivity, barrier functions, and magnetic functions, among others, depending upon their composition.
Based on matrix materials, functional composites can be segmented into metal, polymer, ceramics, and hybrid matrix composites. Polymer matrix composites are widely used in electronics and semiconductors industries, as they exhibit piezo-electric, magnetic, semiconducting, and conducting properties. Therefore, they are used in casings, structural parts, electronic papers, magnetic coils, and electrical boards.
Functional composites are extensively used in thermal and electrical conduction. The thermally conductive segment of the functional composites market accounted for the largest share in 2015. Other functions of functional composites include magnetic, barrier, optic, and others.
Functional composites are mainly used in end-user industries, such as aerospace & defense; consumer goods & electronics; transportation; building, construction, storage & piping; wind energy; and others. Based on end-user industry segment, aerospace & defense is the largest segment of the functional composites market, having accounted for largest share in 2015. This high share can be attributed to the increased usage of functional composites in key application areas, such as body parts of aircraft, combustion systems, and others.
- 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.
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
For more information visit http://www.researchandmarkets.com/research/rwwbdx/functional
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SOURCE Research and Markets