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Advanced Functional Composites (AFC) is a class of materials formed by combining two or more distinct materials, each of which retains its own distinctive properties, to create a new material with properties that cannot be achieved by any of the components acting alone. The Europe Advanced Functional Composites Market was valued at $4,206.8 million in 2012, and is projected to reach $5,903.7 million by 2018, growing at a CAGR of 5.8% from 2013. Electrical & electronics industry is among the key end user industries of Advanced Functional Composites. The electrical & electronics industry is one of the key assets of the European economy that is majorly driving the demand of Advanced Functional Composites in Europe Advanced Functional Composites Market.

Advanced functional composites are used in systems to reduce its weight and increase strength. The result of these to parameters is increased service life and lower energy consumption, thus justifying their intended use of reducing the carbon footprint of the system. Advanced functional composite materials can be separated into three categories based on the strengthening mechanism. These categories are dispersion strengthened, particle reinforced, and fiber reinforced. It is used in diverse applications such as in electrical & electronics, building & construction, aerospace, wind energy, automotive, pipes & tanks, consumer goods, marine, and others.

The European chemical industry is a significant part of the country’s economy.The industry is divided in four segments including Base chemicals, Specialty chemicals, Pharmaceuticals, and Consumer chemicals. Germany is the largest chemical producer in Europe, followed by France, Italy, and The Netherlands. These four countries together account for 64.0% of the Europe chemical sales. In the past, most of Europe’s chemical industry growth was driven by domestic sales, but these days, the country’s growth is shared dependent on both the domestic and the export market. Germany is the major consumer of Advanced Functional Composites in Europe, accounting for 24.1% of the total consumption. Subsequent to Germany are France and U.K.

The key countries covered in Europe Advanced Functional Composites Market are Germany, U.K., and France. The various applications studied include electrical & electronics, building & construction, aerospace, wind energy, automotive, pipes & tanks, consumer goods, marine, and others. Further, as a part of qualitative analysis, the Europe Advanced Functional Composites Market research report provides a comprehensive review of the important drivers, restraints, opportunities, and burning issues in the advanced functional composites market.

The Europe Advanced Functional Composites Market report also provides an extensive competitive landscape of the companies operating in this market. It also includes the company profiles of and competitive strategies adopted by various market players, including 3A Composites Holding AG (Switzerland), 3M Company (U.S.), Air Products and Chemicals Inc. (U.S.), and Ametek Inc. (U.S.).
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