Thermally Conductive: Largest segment of functional composites market based on function to 2021

The global functional composites market is projected to reach USD 43.35 Billion by 2021, at a CAGR of 8.7% between 2016 and 2021. Increasing usage of functional composites in various end-use industries and growing application of functional composites in consumer goods & electronics are the factors driving the global functional composites market.

The key companies offering functional composites have been mainly involved in new product launches or expansion strategies. They have been rigorously adopting these strategies to strengthen their position in the global functional composites market. The large players operating in this market have been taking initiatives to enhance their global reach, while small companies have been concentrating increasingly on the development of new products between 2010 and 2016.

Browse 86 market data tables with 67 figures spread through 159 pages and in-depth TOC on "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"

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Thermally Conductive: Largest segment of functional composites market based on function

The thermally conductive function holds the largest share in the global functional composites market. The growth of this segment can be attributed to the increasing use of composites in eco-friendly constructions to improve energy efficiency in case of heating, ventilation, and air conditioning (HVAC) and lighting applications. Ceramic matrix composites are widely used in this industry in comparison to metal matrix or polymer matrix composites. Graphite fibers are usually added to ceramic matrix composites for thermal conduction.

Polymer Matrix Composites: Largest segment of functional composites based on matrix type

The polymer matrix type holds the largest share in the global functional composites market among various matrix types. This growth can be attributed to the significant rise in demand from consumer electronics, aerospace & defense, and transportation segments, with a high impetus on weight reduction and less complex manufacturing methods, such as injection molding. Polymer matrix composites are primarily used in the aerospace industry, since they are lightweight and provide better strength, stiffness, and other structural benefits.

North America: Largest market for functional composites, globally

North America was the largest market for functional composites in 2015. The rise in demand for functional composites in the North American region can be attributed to the growth of various end-use industries, such as automotive, aviation, electrical & electronics, and energy & power, among others. The aerospace & defense and wind energy end-use industries are expected to drive the growth of the functional composites market in North America during the forecast period.

Key players operational in the functional composites market include 3M Company (U.S.), 3A Composites (Switzerland), Air Products and Chemicals, Inc. (U.S.), Bayer AG (Germany), E. I. du Pont de Nemours and Company (U.S.), AMETEK Inc. (U.S.), Applied Materials, Inc. (U.S.), Kyocera Corporation (Japan), Momentive Performance Materials Inc. (U.S.), and Materion Corporation (U.S.), among others.

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Imerys S.A. (France) and Omya AG (Switzerland) are the Key Players in the Calcite Market

In terms of value, the global Calcite Market size is estimated to be USD 10.1 billion in 2019 and projected to reach USD 13.0 billion by 2024, growing at a CAGR of 5.2% from 2019 to 2024. Browse 105 Market Data Tables and 36 Figures spread through 145 Pages and in-depth TOC on "Calcite Market”. Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=50319659 Imerys S.A. (France) is one of the leading players in the calcite market and has been adopting inorganic & organic strategies to sustain its market position. For instance, in November 2019, Imerys S.A. acquired some assets of the EDK Company, a leading producer of ground calcium carbonates (GCC) in Brazil. These assets include three operating plants and 100 employees, which generated annual revenues of USD 15.5 million in 2018. In February 2018, Imerys S.A. acquired the carbonate business of Vimal Microns (India), a major producer of ground calcium carbonate...

Asia Pacific accounted for a major share of the fiberglass roving market

The fiberglass roving market is projected to grow from USD 8.24 billion in 2018 to USD 11.02 billion by 2023, at a CAGR of 6.0% between 2018 and 2023. Browse 78 market data Tables and 47 Figures spread through 133 Pages and in-depth TOC on "Fiberglass Roving Market by Fiber Glass Type (E, ECR, H, AR, S),Product Type(Single-end, Multi-end, Chopped),End-use Industry (Transportation, Construction, Electrical & Electronics, Pipe & Tank, Wind, Aerospace, Marine),and Region Global Forecast to 2023" Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=132583551 Owens Corning focuses on capacity expansions to meet the growing demand for fiberglass roving used in specialty composites. In addition, the company focuses on new product launches to maintain a competitive edge in the market. The company recently has launched roving products under the brands HydroStand, WindStrand, PipeStrand, PulStrand, and Perfomax. The company h...

PTFE Membrane Market by Type, Application, and Region to 2025

The PTFE Membrane Market was valued at USD 1.49 Billion in 2015, and is projected to reach USD 2.32 Billion by 2021, at a CAGR of 7.7% from 2016 to 2021. The increasing use of PTFE membranes for water filtration and waste water management and acceptance of PTFE membrane in the medical & pharmaceutical industry are expected to drive the market for PTFE membrane. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=243714287 The demand for PTFE membranes in emerging economies, such as APAC, MEA, and South America, is increasing owing to the growth in the oil & gas, water treatment, and chemical industry. The fluctuation in oil & gas prices is challenging the PTFE membranes market. The demand for PTFE membranes is rising, owing to the good physical properties and stringent regulations for emission and industrial waste treatment. Furthermore, the increasing demand for treated water in emerging provide growth opportunities to the market. On th...

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