A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Functional
Composites
Market. The
study, titled “Functional
Composites Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Functional
composites are materials or compounds that offer special magnetic,
electrical, and optical properties. These properties cannot be
achieved by its single constituent separately. Thus, functional
composites combines properties of different materials as well as
advantages of different group of materials. Functional composites are
stiff, strong, tough, light, and more durable when compared to their
original materials. Other special properties of functional composites
include new formulations for extrusion products, weather resistance,
adhesive properties, high temperature resistance, low weight,
biodegradability, barrier properties, and mechanical properties.
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Market Research Report @
The
functional composites group includes composites with magnetic,
optical, and electrical properties. Dispersoids are functional
composites with large amount of electrical properties. The ion flow
is carried out almost on the matrix filler interphase in dispersoids.
Functional composites usually implement special properties in
combination with initial product properties. Combination of the
magnetostriction of phase 1 and the piezoelectricity of phase 2
resulting in the magnetoelectric effect in the composite is one of
the example.
Functional
composites includes photonic crystals, wherein the matrix as well as
the filler are solid phases such as in opal and other structures.
These composites also cradle many biomaterials which are protected
from interaction through efficient coating systems. Composite
material is a multi-phase system that consist of matrix material and
reinforcing material. Matrix material is a continuous phase, and it
includes metal matrix composite materials, inorganic non-metallic
matrix composite materials and polymer matrix composites.
Functional
composites can be segmented on the basis of type into: polymer matric
composites, metal matrix composites (aluminum matrix composites), and
epoxy resin matrix composites. Polymer matrix composite material uses
fiber as reinforcement and organic polymer as matrix. Usually, the
strength of reinforcement fiber are higher than that of matrix
material, thus, making fibers the main load-bearing part. Metal
matrix composites employ low-density metal, such as aluminum; which
is reinforced with fibers of a ceramic material, such as
graphite/silicon carbide. Aluminum metal matrix is widely used in the
automotive industry, owing to its low density and high specific
mechanical properties.
Aluminum
composite matrix dominates the demand for functional metal matrix
composites. Growth in automotive and aerospace industries is the key
driver of the demand for aluminum matrix composites. In terms of
reinforcement, functional composites material can also be classified
into: diffusion-enhanced composite materials, particle-enhanced
composite materials, and fiber-reinforced composite materials..
Functional composite materials are widely used in several industries
such as automotive, aerospace, defense, electrical, electronics, and
aerospace.
Currently,
countries in Europe and North America account for the major share of
the global functional composite market, owing to developed defense
base and aerospace industry in these regions. Large number of
manufacturers of function composites are based in North America and
Europe. However, in terms of year-on-year growth in demand for
functional composites, countries in Asia-Pacific is expanding at a
steady rate. Growth in industrialization in Asia-Pacific is the major
driver for the demand for various types of functional composites.
Automotive and aerospace industries in Asia Pacific especially in
China, India, and Japan; are expanding at a steady rate. This, in
turn, is boosting the demand for functional composites in the region.
Rise in investments, and formation of alliances, joint ventures,
acquisition, and collaborations are encouraging companies to expand
their market share and attain competitive edge against existing
competitors.
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the form for an exclusive sample of this report @
Key
manufacturers and suppliers of wax emulsion products include Kyocera
Corporation, Materion Corporation, 3M Company, 3A Composites Inc.,
Air Products & Chemicals, Inc., Bayer AG, E. I. Du Pont De
Nemours & Company, Momentive Performance Materials Inc., Applied
Materials Inc., Ametek, Inc., and Momentive Performance Materials
Inc.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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