Advanced Materials

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High quality materials that offer superior desired characteristics for the intended purpose are called advanced materials. These can either be a single product or a combination of products. Manufacturers are focusing on developing new advanced materials and on fine-tuning already existing products to enhance its desired properties. The high quality of these materials has led to their application in physics, electronics, medical devices, green packaging, and wastewater treatment among others. Some of the popular advanced materials are helping manufacturers meet the rising demand for advanced steel and aluminum alloys, and a variety of ceramics that include silicon nitride, toughened zirconia, and aluminum nitride among others. Researchers have also developed a range of advanced fibers such as Dyneema, Vectran, M5, and Zylon PBO which is estimated to have a positive impact on the advanced materials market.

Advanced materials provide improved chemical and physical properties, including high stiffness coupled with lightweight, superior strength in reinforcing fiber, high resistance to chemicals and temperature, dimensional stability, and high flexibility, among others. Some of the end-use applications of advanced material markets are in aerospace, electronics and semiconductor, automotive, and medical devices. Advanced composites can be segmented (on the basis of their matrix phase) into ceramic matrix composites (CMCs), polymer matrix composites (PMCs) and metal matrix composites (MMCs).Europe is the largest market for advanced materials, due to rampant growth of various end-use industries in the region. North America is estimated to be the fastest growing region in the advanced materials market, followed by Asia Pacific, mainly due to major investments in R&D by major players, rampant demand for high-tech materials across various sectors in the region and growing concerns about environmental safety. For example, advanced materials are used in wastewater treatment due to features such as enhanced redox, strong adsorption, and photocatalytic properties. Polyvinyl chloride membrane reactor works as an advanced material that helps in ground water safety by removal of nitrate.  

Extensive R&D in the field of advanced materials has led to the development of an enhanced range of advanced materials. Some of the newly developed products in the advanced materials market are superior strength polymers (PPS, PEEK, and Radel), fiber-polymer composites (epoxy lytex glass), and aluminum with silicon carbide or boron fiber whiskers. Other types of advanced materials include metallic glasses, pyrolytic graphite, hard coatings (titanium nitride, titanium aluminum nitride), doped mediums, and optical modulators among others.

Some of the major factors driving growth of the global advanced materials market are rising demand for lightweight vehicles in order to increase fuel efficiency and lower CO2 emissions, and increasing demand for graphene as an advanced material. Graphene has various highly sought after features such as being a material that is thin and strong, transparent and pliable, superior conductor of electricity and heat, and high frequency. This has led to its wide application in various sectors which is expected to drive growth of the global advanced materials market over the forecast period (2016–2024).

Advanced Materials–Regulatory Scenario

Various government regulations are in place across the globe pertaining to production, usage and export/import of advanced materials. For example, manufacturers and end users in the advanced materials market must take into account standardized rules and regulations defined by the Toxic Substances Control Act (TSCA), Environmental Protection Agency (EPA) for graphene production and usage. Also, the U.S. Environmental Protection Agency that regulates the usage of carbon nanotubes. The Regulation (EC) No 1935/2004 provides the safety guidelines for advanced packaging materials especially used in food packaging. The Directive 84/500/EEC provides the EU laws on advanced ceramic materials which come into contact with food items.

Increasing demand for lightweight vehicles is expected to drive growth of the advanced materials market over the forecast period. Lightweighting is a trend in the automotive sector as it allows superior fuel efficiency, improved safety, and greater overall performance of the vehicles. According to Scientific American (a leading science magazine), fuel economy of a car increases by 6 to 8% by decreasing its weight by one tenth. For example, Nissan significantly reduced weight of its 2016 model cars such as Altima, Frontier, and JUKE, among others. There is a misconception that lightweight vehicles are not as safe as heavy vehicles, which, previously was posing a challenge to the growth of the lightweight vehicles market. However, over the years the general conception regarding safety issues of lightweight vehicles has changed, thanks to newly developed lightweight vehicles offering enhanced safety. Newly developed advanced materials (carbon, aluminum, and magnesium composites) provide lightweight vehicles with greater safety features. Some of the newly developed cars that are manufactured using advanced materials are BMW and BMW i8. The passenger cell of these cars is made of carbon fiber reinforced plastic (CFRP) which is very strong yet 50% lighter than steel. According to Coherent Market Insights, the global sales of passenger cars were pegged at 73.9 million in 2015 which has created a highly conducive environment for growth of the advanced materials market.

Some of the factors restraining the growth of the advanced materials market are high price, complex fabrication, and low availability of advanced materials. Production and usage of advanced materials require experienced professionals and extensive and continuous research which, in turn would result in high investments. Some of the emerging technologies that could boost market growth during the forecast period are expandable polymer technology, which is projected to have a significant positive impact on advanced electronics. Also, bio-based polycarbonate is also expected to gain significant traction in the energy and gas sector over the forecast period. Some of the major companies operating in the global advanced materials market are Akzo Nobel, 3M Company, BASF, Dow Chemical, and Momentive Performance Materials Inc.

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Advanced Materials Published Insights

Coherent Market Insights

Zinc Dust Market, by Type (Chemical Grade, Paint Grade, others), by Application (Chemical, Paint, Pharmaceutical, Personal Care & Cosmetics and others) and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Nov 2022

Zinc dust is a fine gray powder of zinc metal that is produced by distilling primary or secondary zinc in closed, horizontal furnaces. The vapor emitted from the zinc is then condensed as dust. Zinc dust is primarily used in coatings and paints industry. It is used as... View more

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Low VOC or Zero VOC Paints Market, By Type (Low VOC, No or Zero VOC, Natural), By Formulation Type (Water-borne, Solvent- borne, Powder), By Application (Architecture & Decorative, General Industrial, Automotive OEM, Automotive Refinish, Marine, Consumer Durables, Others), and By Region ((North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Nov 2022

The global low VOC or zero VOC paints market size was valued at USD 8600 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 6.45% from 2022 to 2030. The Low VOC or Zero VOC Paints market is driven by the growth in the construction in... View more

Coherent Market Insights

Construction Composite Market, By Resin Type (Polyester Resin, Vinyl Ester, Polyethylene, Polypropylene, Epoxy Resin, and Other Resin Types), By Fiber Type (Carbon Fibers, Glass Fibers, Natural Fibers, and Other Fiber Types), By End-Use sector (Industrial, Commercial Housing, and Civil), By Geography (North America, Latin America, Europe, Asia-Pacific, Middle East, Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Nov 2022

The global construction composite market size was valued at USD 18986.54 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 5.79% from 2022 to 2030. The global construction composites market is expected to grow at a significant rate ... View more

Coherent Market Insights

Engineered Wood Market, By Type (Plywood, Oriented Strand Board (OSB), Glulam, Cross Laminated Timber (CLT), Laminated Veneer Lumber (LVL), Particleboard, Other Types), By Application (Non-residential, Residential), And By Geography (North America, Latin America, Europe, Asia-Pacific, Middle East, Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Nov 2022

The global engineered wood market size was valued at USD 321771.16 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 6.78% from 2022 to 2030. The global engineered wood market growth is driven by rising demand for environmentally-fr... View more

Coherent Market Insights

C5 Resins Market, By Application (Paints and Coatings, Adhesives and Sealants, Printing Inks, Rubber Compounding, Other Applications), By Geography (Asia-Pacific, North America, Europe, South America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Oct 2022

The global C5 resins market size was valued at USD 483.7 Kilo Ton in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 3.76% from 2022 to 2030. High growth in the construction sector is expected to fuel demand for adhesives, sealants, paints, ... View more

Coherent Market Insights

Dye Sublimation Paper Market,  by type (Below 80 g/m2, 80-110 g/m2 and Above 110 g/m2), by product type (With Coating, Without Coating), by Application (Clothing & Textiles, Advertising and Others (Digital Transfer Printing, etc.)), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Oct 2022

Dye Sublimation is a printing technology that enables making of various customized color prints to various specialty coated objects including textiles, wood, plastic, films and ceramics, etc. In this process, solid printing dye is sublimated into high gas temperature ... View more

Coherent Market Insights

Pharmaceutical Plastic Bottles Market, By Raw Material (Polyethylene Terephthalate (PET), Poly Propylene (PP), Low Density Polyethylene (LDPE), High Density Polyethylene (HDPE)), By Type (Solid Containers, Dropper Bottles, Nasal Spray Bottles, Liquid Bottles, Oral Care, Other Types), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Oct 2022

The global pharmaceutical plastic bottles market size was valued at USD 8.08 Billion in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 4.11% from 2022 to 2030. The pharmaceutical plastic bottle industry is expected to continue to experience... View more

Coherent Market Insights

Thermoplastic Polyurethane (TPU) Films Market, By Chemical Class (Polyester, Polyether, Polycaprolactone), By Application (Footwear and Apparel, Medical Supplies, Sports Equipment, Building and Construction, Others (Electronics, Automotive, and Industrial Applications)), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Oct 2022

The global thermoplastic polyurethane (TPU) films market size was valued at USD 419.46 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 6.10% from 2022 to 2030. Growing population and steady development of economy is creating high ... View more

Coherent Market Insights

Nanoporous Membranes Market, By Material Type (Organic, Inorganic, Hybrid), By Application (Water Treatment, Fuel Cells, Biomedical, Food Processing, Other Applications), By Region (North America:, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Oct 2022

The global nanoporous membranes market size was valued at USD 1010 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 7.52% from 2022 to 2030. Growth in water treatment and desalination activities are major factors driving the market... View more

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Fiber Cement Market, By Applications (Siding, Roofing, Cladding, Molding and Trimming, Other Applications), By End-User Industry (Residential, Non-residential), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Sep 2022

The global fiber cement market size was valued at 33346.93 Kilo ton in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 4.23% from 2022 to 2030. The fiber cement market is witnessing strong growth on the account of growing residential constru... View more

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Industrial Fasteners Market, By Raw Material (Metal, Plastic), By Product (Externally Threaded, Internally Threaded, Non Threaded, Aerospace Grade), By Application (Automotive, Aerospace, Building & Construction, Industrial Machinery, Home Appliances, Lawn & Garden, Motors & Pumps), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Sep 2022

The global industrial fasteners market size was valued at USD 80,636.50 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 4.00% from 2022 to 2030. Rapid industrialization and urbanization are primarily fueling growth of the industri... View more

Coherent Market Insights

Medium Density Fibreboard Market, By Application (Cabinet, Flooring, Furniture, Molding, Door, and Millwork, Packaging System, Other Applications), By End-User Sector (Residential, Commercial, Institutional), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Aug 2022

The MDF is made from a special type of wood, and many companies use it to make their furniture. Because it is inexpensive to make, many furniture companies use it for their product. Low-density fibreboard is a popular choice for prefabricated furniture and big-box sto... View more

Coherent Market Insights

Thioglycolic Acid Market, by Grade (High Purity, Low Purity & Technical Grade), by Application (Cosmetics, Oil & Gas, Plastics & Polymers Chemicals, Leather Processing, Cleaning Agent & Others (Metal Recovery, etc.)), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Jul 2022

Thioglycolic acid is a colorless liquid with a strong, typical mercaptan disagreeable odor (although olfactory fatigue may occur) which is used in cosmetic formulations including permanent wave solutions and depilatories, in pharmaceutical manufacture, and as a stabil... View more

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