Advanced Materials

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 Fiber Cement Market

Published Date : Sep 2022

Fiber cement is an environmentally friendly, fire-retardant masonry product. It is a great choice for cladding in home. It is made of sand, cement, and wood fibers that resist rot and warping. Market Dynamics: ... View more

Coherent Market Insights Industrial Flooring Market

Published Date : Sep 2022

Flooring process is used to cover the ground surface of buildings by utilizing various covering materials such as tiles, carpets and vinyl. Industrial flooring is used as covering of the industrial buildings and manufacturing units. These flooring provides many benefi... View more

Coherent Market Insights Synthetic Sapphire Market

Published Date : Sep 2022

Synthetic sapphire is also referred to as Corundum, which has excellent chemical stability and mechanical property. Synthetic sapphire with chemical formula AI2O3 is a trusted material with its excellent chemical stability, light transmission and mechanical property. ... View more

Coherent Market Insights Industrial Fasteners Market

Published Date : Sep 2022

Industrial fasteners are a versatile product that can be used in a variety of industries. In addition to providing support and mobility, they help secure the joints that hold major pieces of equipment. Without them, massive pieces of equipment and tall structures can ... View more

Coherent Market Insights Engineering Plastics Market

Published Date : Sep 2022

Engineering plastics contain high-performance plastic that have better mechanical and physical properties than normal plastic.  Acrylonitrile butadiene styrene (ABS) is one of the commonly used engineering plastic that is widely used across car bumpers, dashboard... View more

Coherent Market Insights Polymer Concrete Market

Published Date : Aug 2022

Polymer concrete uses synthetic organic polymer as binding agent for mixing of hardening agent, gravel, sand and other construction aggregates. The properties of the polymer concrete mix depend upon various factors such as type, amount, individual properties, and the ... View more

Coherent Market Insights Flat Glass Market

Published Date : Aug 2022

Flat Glass is flat like sheets of paper made by floatingmolten glass along with molten metal and other materials. It is widely preferred to make high quality large windows and doors as it is generally available in large and flat pieces. It is also used for other purpo... View more

Coherent Market Insights Protective Coatings Market

Published Date : Aug 2022

The protective coating is applied to the surface in order to provide protection from harsh environmental conditions that could cause damage. They are widely used across various applications such as electronics products, marine, automotive heavy machinery, power genera... View more

Coherent Market Insights Ion Exchange Resins Market

Published Date : Jul 2022

Ion exchange resins are extensively used in water treatment plants to remove contaminants such as pollutants, factory wastes, and pathogenic microorganisms in drinking water.  Wastewater produced from agriculture, industrial processes, and sewage are discarded in... View more

Coherent Market Insights Pvc Pipes Market

Published Date : Jul 2022

Polyvinyl chloride (PVC) pipes that successfully replace metal pipes in several applications. Due to PVC’s great corrosion resistance, it has been widely utilized in industrial applications from many years, for everything from process cooling water to the transf... View more

Coherent Market Insights Aluminum Powder Market

Published Date : Jul 2022

Increasing use of aluminum powder in technological industries, along with its easy availability and affordability, have all contributed to growth of aluminum powder market. Aluminum is used for several applications such as manufacture of slurry, explosive and detonato... View more

Coherent Market Insights Advanced Ceramics Market

Published Date : Jul 2022

Advanced ceramics are an ideal material for many applications. They are hard and durable, can withstand high temperatures, and are chemically and electrically inert. They are also highly electrical insulators, which makes them useful in satellites, microelectronics, a... View more

Coherent Market Insights Ball Clay Market

Published Date : Jul 2022

This sedimentary clay commonly contains 20 to 80% kaolinite, 10 to 25% mica, and six to 65 percent quartz. Variations in composition and carbonaceous materials may also occur in localized seams of a deposit. Regardless of its origin, ball clay is a versatile mineral f... View more

Coherent Market Insights Microspheres Market

Published Date : Jul 2022

Microspheres are round and spherical, a feature that provides multiple advantages in a variety of applications. A sphere's spherical shape allows it to have a consistent footprint for precision optical instruments. It also allows the sphere to flow freely. In contrast... View more

Coherent Market Insights Ceramic Membrane Market

Published Date : Jul 2022

Ceramic membranes are synthetic membranes made from inorganic constituents such as alumina, titania, silica, zirconia and others. Ceramic membranes generally have an irregular structure with several porosity levels. The ceramic membranes are made with a well-defined p... View more

Coherent Market Insights Microcrystalline Cellulose Market

Published Date : Jun 2022

Cellulose is an organic substance, with high content of fiber. It is extensively used in packaged food products, in order to enhance their shelf life and to enhance their nutritional value. Pure cellulose is available in market in various forms such as microcrystalline cellulose (MCC), powdered c... View more

Coherent Market Insights Mineral Wool Market

Published Date : Jun 2022

Mineral wool is an excellent insulation material that's derived from iron ore slag, a waste product of the steel industry. In fact, some mineral wool products are made from over 90% recycled material. That means the insulation value of mineral wool is higher than that... View more

Coherent Market Insights Silicon Metal Market

Published Date : Jun 2022

Silicon metal can withstand temperature changes during the growing process. In addition, it has low gas evolution and excellent thermal conductivity. Additionally, it is easily machined, and is very strong. Market Dynamics:... View more

Coherent Market Insights Fiber Reinforced Concrete Market

Published Date : Jun 2022

Fiber-reinforced concrete is durable and shatter-resistant. In addition to its strength and versatility, fibers can be easily incorporated into existing concrete or made from new materials. The use of fibers in concrete is not limited to structural applications. It ca... View more

Coherent Market Insights Lithium Market

Published Date : Jun 2022

Lithium is a chemical element in the alkali metal group. It is soft, white, and lustrous, and is produced on an industrial scale. It was first discovered in the mineral petalite. Other sources of lithium are brine deposits and mineral springs. In seawater, it is found... View more

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