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 Powder Coatings Market

Published Date : Jun 2022

Powder coatings market has shown a significant growth from last few years. It is an eco-friendly coating that does not cause any waste during production and consumption, hence making it environment friendly. There is very low or negligible content of volatile organic ... View more

Coherent Market Insights Thermal Barrier Coatings Market

Published Date : Jun 2022

Thermal barrier coatings are coatings applied to metal surfaces, operating at a high temperature such as parts of gas engine turbines. These coatings are used to further increase engine operating temperatures and reduce cooling requirements, and therefore, achieve hig... View more

Coherent Market Insights Playground Hybrid Turf Market

Published Date : May 2022

Hybrid grass is widely used in sports arenas and stadiums. Maintaining this hybrid grass is more effortless than the original grass. It is used in commercial as well as residential places. The use of hybrid grass in households and lawns is becoming prevalent these day... View more

Coherent Market Insights Polyurethane Foam Insulation Materials Market

Published Date : May 2022

The polyurethane can have a solid or open cellular structure. Foam is the term for a cellular structure that is open. These foams can be rigid or flexible. Diisocyanate and polyols are used to make polyurethane foam. Both of these items are extracted from crude oil by... View more

Coherent Market Insights Light Diffusion Film Market

Published Date : May 2022

Light diffusion film is a multi-layered coated films that is used for light enhancement and protection of the direct lightning and many other purpose. Moreover these films are resistant to heat, moisture, and have high durability against bending and curving, they help... View more

Coherent Market Insights Machine Glazed Kraft Paper Market

Published Date : May 2022

Kraft paper, also known as paperboard or cardboard, is an everyday product used in an extensive range of applications, from point of purchase packaging at deli counters, bakeries and supermarkets – to heavy-duty industrial packaging. There are so many kraft pape... View more

Coherent Market Insights Food Grade Calcium Chloride Market

Published Date : Mar 2022

Food grade calcium chloride is produced from raw calcium chloride. Food grade calcium chloride is produced under strict supervision to ensure high levels of purity and consistency in food products.  Food grade calcium chloride is used in various applications with... View more

Coherent Market Insights Advanced Phase Change Materials Market

Published Date : Mar 2022

Salt hydrates are phase change materials, because they undergo a phase change when heated from their liquid state to a more solid form. These materials have many uses in industries ranging from automotive repair to the marine industry. Many oils and lubricants are der... View more

Coherent Market Insights Graphene Market

Published Date : Mar 2022

Graphene is a honeycomb sheet of carbon atoms and is the building block for other graphitic materials. It is tougher than steel, lighter than aluminum, harder than diamond, and more elastic than rubber. The potential applications of graphene include energy generation,... View more

Coherent Market Insights Us Copper Clad Steel Wire Market

Published Date : Feb 2022

Copper-clad steel (CCS), commonly known as copper-covered steel or by the trademarked name Copperweld, is a bi-metallic product mostly used in the wire industry. It combines steel's excellent mechanical resistance with copper's conductivity and corrosion resistance. T... View more

Coherent Market Insights South Africa Formwork Market

Published Date : Feb 2022

Formwork is the temporary or permanent molds into which concrete materials are poured. In the context of concrete construction, the false work supports the shuttering moulds. Most of the buildings which are made to stand for a long time are made of concrete and mortar... View more

Coherent Market Insights Masking Tapes Market

Published Date : Feb 2022

Masking tape is a variety of adhesive tape used for the temporary concealment of surfaces. Masking tapes protect surface areas from painting, soldering, blasting, spraying, coating, plating, and polishing. The composition of masking tape depends on the activity for wh... View more

Coherent Market Insights Lithium Ion Battery Market

Published Date : Jan 2022

The lithium-ion battery refers to a family of batteries that includes the lithium polymer, lithium metal ion, lithium iron phosphate, lithium cobalt oxide, lithium selenide, lithium zinc battery, lithium metal hydride, lithium iron sulfate, lithium carbonate, lithium ... View more

Coherent Market Insights India And Middle East Ceramic Membrane Market

Published Date : Jan 2022

Technology for ceramic membrane includes ultrafiltration, microfiltration, Nano filtration, and others. Multiple applications of ceramic membrane are water & wastewater treatment, food & beverages, chemical & petrochemical, metalworking, pharmaceuticals, b... View more

Coherent Market Insights Wood Plastic Composite Market

Published Date : Jan 2022

Wood plastic composite is panel or lumber product made from recycled plastic and small wood particles or fibers. Wood plastic composites (WPC) are relatively new products as compared to natural lumber or traditional wood composites such as particleboard or fiberboard.... View more

Coherent Market Insights Magnetic Materials Market

Published Date : Nov 2021

Magnetic materials are used all over the world for a variety of purposes. Some materials have the property to retain different shapes when they are exposed to an alternating magnetic field. These materials can be used in mechanical and electrical engineering to create... View more

Coherent Market Insights Nanocoatings Market

Published Date : Nov 2021

Nanocoatings are the next generation of protective coatings that have developed through the advancement of nanotechnology. Nanocoatings systems are made up of encapsulated nanothermoves that are encapsulated within a carrier like other materials. There is a great pote... View more

Coherent Market Insights Superconducting Materials Market

Published Date : Oct 2021

Superconducting Materials are those which have a high conductivity level, i.e. the ones which can be used for various applications because they have no elastic limit at high temperatures or in extreme pressure conditions. The unique feature of superconducting material... View more

Coherent Market Insights Conductive Inks For Additive Manufacturing Market

Published Date : Jul 2021

Conductive ink is a form of ink that can conduct electricity. Conductive inks consists of a conductive material, made up of thermoplastic polyvinyl butyral terpolymer binder and a glycol ether solvent. The conductive inks are based on carbon materials, metal particles... View more

Coherent Market Insights Aluminum Market

Published Date : Jan 2021

Aluminum is one of the abundant element found in the Earth’s crust after silicon and oxygen incorporated in a mineral, bauxite ore. It weighs about one-third as much as copper or steel. It is ductile, malleable, and exhibits excellent durability, corrosion resis... View more

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