United States Functional Composites Market 2025 | Growth Drivers, Trends & Market Forecast, Competitive Landscape & Investment Opportunities

Market Size and Growth

The Functional Composites Market is predicted to reach at a 7.5% CAGR during the forecast period (2024-2031)

Key Development:

United States: Recent Industry Developments

✅ In October 2025, Addcomposites launched a suite of free, browser-based composite design tools, eliminating the $320,000 software barrier for engineers. This initiative aims to democratize access to professional-grade engineering tools in the composites industry.

✅ In October 2025, Fincantieri announced a collaboration with Aeronautical Service to develop a new Fast Patrol Boat (FPB) constructed from carbon-fiber composites enhanced with nanotechnology. The vessel will feature stealth capabilities and multifunctional composite materials offering fire-retardant and ballistic protection properties.

✅ In October 2025, Wave Function Ventures raised $15 million for deep tech investments, including startups in aerospace like Airship Industries. This funding underscores the growing interest in advanced materials and their applications in next-generation technologies.

Japan: Recent Industry Developments

✅ In October 2025, Japan's National Institute for Materials Science (NIMS) unveiled a new class of structural battery composites that integrate energy storage and structural functions. These materials are poised to revolutionize applications in electric vehicles and aerospace by reducing weight and enhancing energy efficiency.

✅ In October 2025, Mitsubishi Heavy Industries announced the development of a high-performance thermoplastic composite material designed for automotive applications. This innovation aims to reduce vehicle weight and improve fuel efficiency, aligning with global sustainability goals.

✅ In October 2025, Japan's Ministry of Economy, Trade, and Industry (METI) launched a public-private partnership to advance the commercialization of bio-based composites. The initiative focuses on developing sustainable materials for use in construction and automotive industries, promoting environmental responsibility.

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Functional composites are engineered materials combining two or more distinct constituents to achieve enhanced properties such as electrical conductivity, thermal management, or self-healing capabilities. These materials are designed for specific applications across automotive, aerospace, electronics, and energy sectors, offering improved performance, durability, and multifunctionality beyond conventional composites.

Recent Mergers and acquisitions:

United States: Recent M&A Activity

✅ In August 2025, Euro-Composites SA, a leading manufacturer of high-performance composite materials, expanded its operations by acquiring Schütz Group, a global provider of industrial packaging solutions. This acquisition enhances Euro-Composites' capabilities in producing advanced composite materials for various industries.

✅ In March 2025, KPS Capital Partners acquired Alta Performance Materials, an Ohio-based manufacturer of composite products for the construction, infrastructure, transportation, marine, and energy sectors, for $1.8 billion. This strategic move expands KPS's portfolio in the functional composites market.

✅ In January 2025, Arlington Capital Partners and Tex Tech Industries acquired Fiber Materials, a Maine-based developer and manufacturer of composite materials for the defense sector, for $165 million. This acquisition enhances Tex Tech's capabilities in high-temperature materials and reinforced composites, strengthening its position in the aerospace and defense sectors.

Japan: Recent M&A Activity

✅ In April 2025, Sumitomo Bakelite Co., Ltd. acquired a U.S.-based manufacturer of advanced composite materials for the electronics industry. This acquisition enables Sumitomo Bakelite to diversify its product portfolio and strengthen its position in the global market for electronic components.

✅ In February 2025, Toray Industries completed the acquisition of a European composite materials company specializing in thermoplastic composites. This strategic move allows Toray to expand its product offerings and enhance its presence in the European market.

✅ In January 2025, Mitsubishi Heavy Industries announced the acquisition of a 70% stake in a Japanese carbon fiber manufacturer, aiming to strengthen its position in the aerospace and automotive sectors. The acquisition is expected to enhance Mitsubishi's capabilities in producing lightweight and high-strength composite materials.

Key Players:

=> 3M Company, 3A Composites, Air Products and Chemicals Inc., Bayer AG, DuPont, AMETEK Inc., Applied Materials Inc., Kyocera Corporation, Momentive Inc., and Materion Corporation.

Growth Forecast Projected:

The Global Functional Composites Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Functional Composites Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

➥ By Matrix Type: Polymer Matrix Composites, Ceramic Matrix Composites, Hybrid Matrix Composites, Metal Matrix Composites
➥ By Functions: Magnetic, Barrier, Optics, Others
➥ By Application: Aerospace & Defense, Consumer & Retail, Automotive & Transportation, Others

Regional Analysis for Functional Composites Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Functional Composites producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Functional Composites revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

Q: What is the growth rate of the Functional Composites Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2024 to 2031.

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