Functional Composites Market has seen a prospective growth in the global market. On the basis of types, the polymer matrix type has captured the largest share in the global Functional Composites Market. This growth can be credited to the considerable rise in demand from aerospace & defense, consumer electronics and transportation segments, with a high momentum on weight reduction and less complex manufacturing methods like injection molding. On the basis of functions, thermally conductive function captures the major share in the global market. The growth of this segment can be recognized to the rising use of composites in eco-friendly constructions to enhance or improve energy efficiency in case of ventilation, heating and lighting applications and air conditioning (HVAC).