Multifunctional Composites 2019-2029: Technology, Players, Market Forecasts

The key next iteration for fiber reinforced polymer composites is the concept of multifunctionality. This is the idea of making a structural part carry out additional role(s) beyond their current primary mechanical task. The market for smart composites is forecast to exceed 5 ktpa by 2029. This includes: enhanced electrical & thermal conductivity, embedded sensors & actuators, energy storage & harvesting, data transmission, self-healing, and adaptive response (morphing) mechanisms.

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