Functional Composites Market to Amount to USD 43.4 Bn by 2021, Forecasts M&M in Its Report Published at MarketPublishers.com
06 Jul 2016 • by Natalie Aster
LONDON – As of 2015, a value of the global market for functional composites amounted to over USD 26.3 billion. Growing demand from the healthcare domain and increasing usage across different end-use industries are some of the key market growth drivers.
This marketplace is expected to grow at a CAGR of approximately 9% in the upcoming years to be worth around USD 43.4 billion by 2021. A high cost of raw materials is a major market restraint, and a lack of standardisation in this industry represents a key challenge.
Thermally conductive composites made up the largest segment of this marketplace as of 2015. In the meantime, the largest end-user segment is formed by aerospace and defense. This segment owned the largest share in the same year.
APAC represents the swiftest growing marketplace given high demand from transportation as well as goods and electronics industries. Europe and North America are other prominent regional markets.
3M Companies, Covestro AG and Air Products are leading companies in the global space.
In-demand research report “Functional Composites Market by Type, Function; End-User, Region - Global Forecast to 2021” developed by M&M offers an up-close look at the worldwide market for functional composites. The study provides an all-inclusive overview of this marketplace. It sheds light on drivers and restraints in this space, discusses opportunities and challenges the marketplace has.
The report covers industry trends in detail and investigates the market on the basis of matrix types, functions and end-users. The research study limelights regional marketplace and concentrates on major countries.
It delves deep into the competitive environment and casts light on top companies. Future outlook for this market is available in the report, too.
- insightful overview of the marketplace;
- investigation of trends and development;
- insights into industry dynamics;
- all-round analysis of this space;
- profiles of companies;
- future outlook;
- and more.
More cutting-edge studies by our partner can be found at M&M page.