Report ID: SQMIG15E2513
Functional Composites Market Size, Share, Growth Analysis, By Type(Metal Matrix Composites, Polymeric Matrix Composites, and Others), By Function(Thermally Conductive, Electrically Conductive, and Others), By End Use(Consumer Goods, Electronics, Transportation, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2513 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
91 |
Figures:
66
Functional Composites Market Regional Insights
Asia Pacific is forecasted to hold a prominent chunk of the global functional composites demand owing to the rapidly rising demand for consumer goods and electronics. Robust manufacturing activity and growing demand for advanced materials and composites in this region also allow it to hold a high market share. India, Japan, and China are estimated to be the leading markets for functional composites companies in the long run. Robust automotive manufacturing and semiconductor manufacturing industries are slated to set the tone for functional composite demand in this region.
North America accounts for the second-largest share of the global marketplace. The presence of key automotive manufacturing companies and the growing adoption of functional composites in different industry verticals allow this region to maintain its position in the global landscape. The United States and Canada are leading spaces for functional composite sales across the forecast period.
Functional Composites Market Report Snapshots
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