According to the recent study the functional composites market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 8% to 10% from 2023 to 2028. Growth in this market is primarily driven by growing demand for end use industry industries, rising demand for functional composites in eco-friendly constructions and increasing demand for affordable and standardized raw materials.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in functional composites market by matrix type (metal matrix, polymer matrix, ceramic matrix, and hybrid matrix), function (thermally conductive, electrically, conductive, magnetic, barrier, optics, and others), manufacturing process (hand layup, filament winding, injection molding, compression molding, resin transfer molding, pultrusion, and others), end use industry (aerospace & defense, wind energy, transportation, consumer goods & electronics, building, construction, storage & piping, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Metal matrix market is expected to remain the largest segment during the forecast period.”

Based on matrix type, the functional composites market is segmented into metal matrix, polymer matrix, ceramic matrix, and hybrid matrix. Lucintel forecasts that the metal matrix market is expected to remain the largest segment due to the growing demand for low weight materials among the end use industries.

“Asia pacific will dominate the functional composites market in near future”

APAC will remain the largest region due to the rapid industrialization, growing population and rising disposable income of consumers in the region.

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Major players of functional composites market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. 3A Composites, 3M, Air Products and Chemicals,Ametek,Applied Materials, Bayer AG, and E. I. Du Pont De Nemours are among the major functional composites providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/functional-composites-market.aspx  or [email protected]