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 Dynamics
Drivers
High Demand for Lightweight Automotive Components
- The use of lightweight components in vehicles has been shown to reduce emissions and extend the range of electric vehicles to a certain extent. Hence, as vehicle manufacturers opt for lightweight materials they are expected to bolster sales of functional composites as well.
Restraints
High Costs of Production and Complex Maintenance
- Producing functional composites is an expensive task as it involves the use of different raw materials, chemicals, and specialized equipment. This results in expensive functional composites that most companies would avoid maintaining their profits. Moreover, maintaining functional composites over a long time is a tedious task as compared to traditional materials, which also limits market growth.
Functional Composites Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
