Global Functional Composites Market, 2016 – 2024 Global Functional Composites Market, 2016 – 2024 | Page 3

Functional Composites Market
electrically conductive, optic, and so on. In Addition, based on end user application it is
diversified in transportation, aerospace, defense, consumer goods, electronics, construction,
building, storage and many other applications. The global functional composite market is
also broadly diversified into many regions which include North America, Europe, Asia-
Pacific, Middle East, Africa and Rest of the World.
Global Functional Composites Market: Growth Factors
Increasing demand of various end-user industries to high usage in their products and
processes is driving the growth of the global functional composites market. High utilization
of functional composites in healthcare and medical industry is also a fostering the demand
for the products with these composites. Functional composites are now widely used in the
development of Eco-friendly constructions is also an application segment responsible for the
growth of the global market. Growing opportunities in developing nations and availability of
untapped market are one of the development factor affecting the augmentation of the global
functional composites market. On the other hand, lack of standardization in the industry and
fluctuating rates of the raw material are some factors restraining the growth of the global
functional composites market.
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Global Functional Composites Market: Regional Analysis