- In September 2024, Toray Advanced Composites, a leader in advanced material technology, introduced the Toray Cetex® TC1130 PESU thermoplastic composite. Designed for aircraft interiors, this high-performance composite caters to the growing demand for lightweight, eco-friendly materials, offering significant benefits to the aerospace industry
- In September 2024, Hexcel Corporation, a leading producer of advanced composite reinforcement materials, launched the HexForce 1K woven reinforcement fabric. This fabric, made with Hexcel's proprietary HexTow AS4C 1K carbon fiber, enables the development of high-strength, lightweight composite materials
- In May 2023, Pacific Coast Composites (PCC) was acquired by GracoRoberts to significantly expand its portfolio of composite materials, reinforcing its position as the largest, fastest-growing, and most technologically advanced distributor of aerospace specialty chemicals
- In November 2022, Covestro AG announced a partnership with the Collected to explore new applications for its PU composite products, aiming to maximize revenue and extend its market reach
- In 2022, 3A Composites Core Materials, based in Sins, Switzerland, launched the Engicore series of core materials for North and South America. This new portfolio offers tailored core solutions designed to meet specific customer needs, focusing on innovative and sustainable procurement solutions
Frequently Asked Questions
The market is segmented based on Segmentation, By Matrix Type (Metal Matrix Composites, Polymer Matrix Composites, Ceramic Matrix Composites, and Hybrid Matrix Composites), Function (Thermally Conductive, Electrically Conductive, Magnetic, Barrier, Optics, and Others), End User (Aerospace & Defense, Wind Energy, Transportation, Consumer Goods & Electronics, Building, Construction, Storage & Piping, and Others) - Industry Trends and Forecast to 2032
.
The Global Functional Composites Market size was valued at USD 9.28 USD Billion in 2024.
The Global Functional Composites Market is projected to grow at a CAGR of 6.2% during the forecast period of 2025 to 2032.
The major players operating in the market include 3M , Advanced Composite Materials Inc. , Momentive Performance Materials , KYOCERA Corporation , DuPont Covestro AG , Materion Corporation , GKN Powder Metallurgy , Bayer AG , AMETEK Inc. , TORAY INDUSTRIESInc. , Hexcel Corporation , Owens Corning , Solvay , SGL Carbon , TEIJIN LIMITED , Mitsubishi Chemical Group Corporation , Gurit Services AG , Henkel AG & Co. KGaA , Huntsman International LLC , BASF , 3A Composites , Air Products and ChemicalsInc. , Applied MaterialsInc. , Arkema .
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
