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Multifunctional Composites Market

Global Multifunctional Composites Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Technology, By End-use Industry, By Geographic Coverage and By Company)

Published Date: Aug 2023 | Format: | No. of Pages: 190

Industry: Chemicals & Materials | Author Name: Harshad

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FAQ : Multifunctional Composites Market

The global market for multifunctional composites is estimated to be reaching a valuation of US$10 Bn toward the end of 2030.

Growing demand for lightweight, strong, and high-performance materials across various end-use industries is majorly driving the demand in the global multifunctional composites market. The market will significantly gain from key industries like automobile, and aerospace as these materials are sought-after in aircraft and spacecraft manufacturing.

The enhanced electrical & thermal conductivity category holds the lion’s share of the market value pie in 2022. The trend will most likely prevail throughout the forecast period on the back of the rising need for these materials for applications like lightning protection, EMI shielding, and thermal management.

North America is currently in the bandwagon of demand generation for multifunctional composites. Asia Pacific however is slated to demonstrate a higher CAGR in the years to come.

Acellent Technologies, DexMat, Bekaert, Continuous Composites, Inca Fiber, Imperial College Composites Centre, Tortech Nano Fiber, and N12 Technologies are some of the prominent industry players.
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