The Multifunctional composites market is projected to reach USD 152.98 billion by 2027, at a CAGR of 8.05% from 2018-2026.
Composite materials are rapidly becoming materials of choice within many industrial applications, in particular aviation, transport, space, construction and building field, ecology, sport, biomedicine, electronics, energy sector, including renewable energetic, and etc. Nowadays, the biggest challenges coming from the technological transfers for composites growth, the increasing consumption of this materials and numerous innovations to feed the market. Variation of the nature of components, using of nanocomponents and nanoadditives to the materials of matrix and to the reinforcement component, development of new production technologies and new kinds of reinforcements including textiles, fibers, meshes and etc. allow to create multifunctional materials with given unique complex of service characteristics for different applications, including extreme performances.
Market By Technology: Enhanced electrical & thermal conductivity,Embedded Sensors and Actuators,Energy Storage & Harvesting,Data Transmission,Self-healing, Others
Market By Geography: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
The multifunctional composite market comprises of some of the major players such as Toray Industries Inc., Hexcel Corporation, Teijin Limited, Mitsubishi Chemical Holding Corporation, Solvay SA, SGL Carbon SE, and Nippon Graphite Fiber Corporation.
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