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 Commodity Plastic Market

Published Date : Mar 2024

The commodity plastic market is estimated to be valued at USD 593.45 Bn in 2024, growing at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031. The global commodity plastic market has experienced steady growth over the past few decades. Commodity plastics ... View more

Coherent Market Insights Global Bonding Sheet Market

Published Date : Mar 2024

Global bonding sheet market is estimated to be valued at USD 446.07 Mn in 2024, exhibiting a  compound annual growth rate (CAGR) of 7.5% from 2024 to 2031. Bonding sheets are materials that are used for joining or connecting two surfaces together. These find wide... View more

Coherent Market Insights In Mold Labeling Market

Published Date : Mar 2024

The global in-mold label market is estimated to be valued at USD 4.73 Bn in 2024, growing at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031. The global in-mold label market has witnessed substantial growth in the past few years owing to the increasing ... View more

Coherent Market Insights Ceramic Armor Market

Published Date : Mar 2024

The global ceramic armor market is estimated to be valued at USD 2.6 Bn in 2024 and, growing at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. The global Ceramic Armor market has been witnessing steady growth over the past few years. Ceramic materials... View more

Coherent Market Insights Rare Earth Metals Market

Published Date : Mar 2024

Global rare earth metals market is estimated to be valued at USD 5,648.83 Mn in 2024, exhibiting compound annual growth rate (CAGR) of 6.2% from 2024 to 2031. Global rare earth metals market has witnessed significant growth in recent years due to their wide applicatio... View more

Coherent Market Insights Silicon Nitride Market

Published Date : Mar 2024

The Silicon Nitride Market is estimated to be valued at USD 54.92 Mn in 2024 and, exhibiting a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031. Silicon nitride is a ceramic material that is composed of silicon and nitrogen. It exhibits high hardness, ther... View more

Coherent Market Insights Antimicrobial Additives Market

Published Date : Mar 2024

The antimicrobial additives market is estimated to be valued at USD 3.22 Bn in 2024, growing at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031. Antimicrobial additives refer to substances that are added to various materials and products to prevent micr... View more

Coherent Market Insights Digital Textile Printing Market

Published Date : Mar 2024

Global digital textile printing market is estimated to be valued at USD 2.70 Bn in 2024, and, growing at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031. Global digital textile printing market has been gaining significant traction over the past few year... View more

Coherent Market Insights Washed Silica Sand Market

Published Date : Mar 2024

The washed silica sand market is estimated to be valued at USD 18.56 billion in 2024 and, growing at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.Washed silica sand is a high-purity form of silica sand produced through washing and processing naturall... View more

Coherent Market Insights Wollastonite Powder Market

Published Date : Mar 2024

The wollastonite powder market is estimated to be valued at USD 246.9 Mn in 2024 and, growing at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031. Wollastonite is a calcium inosilicate mineral that occurs naturally in metamorphic and igneous rocks. It is... View more

Coherent Market Insights Metal Stamping Market

Published Date : Mar 2024

The metal stamping market is estimated to be valued at USD 222.14 billion in 2024 and, growing at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031. The global metal stamping market is expected to grow significantly in the coming years. Metal stamping is ... View more

Coherent Market Insights Sodium Hydroxide Market

Published Date : Mar 2024

The sodium hydroxide market is estimated to be valued at USD 5.38 Bn in 2024 and, growing at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.Sodium hydroxide, also known as caustic soda, is an inorganic compound with wide applications across various end... View more

Coherent Market Insights Bismuth Market

Published Date : Feb 2024

Bismuth is a silvery white metal that occurs naturally in minerals that are associated with lead and tin. The metal has low toxicity levels and has found uses in cosmetics, alloys, and pharmaceuticals. It is often used as a placebo in clinical trials owing to its simi... View more

Coherent Market Insights N Hexane Market

Published Date : Feb 2024

N-hexane is a saturated aliphatic hydrocarbon that is obtained as a byproduct during petroleum refining and crude oil fractionation processes. It finds numerous applications due to its non-polar and non-reactive nature. N-hexane is used as an industrial solvent for ex... View more

Coherent Market Insights Lithium Compound Market

Published Date : Feb 2024

The lithium compounds market is estimated to be valued at USD 7.73 Bn in 2024 and, growing at a compound annual growth rate (CAGR) of 13.4% from 2024 to 2031. Lithium is a key component in lithium-ion batteries that power technological devices and electric vehicles. T... View more

Coherent Market Insights Nonwoven Materials Market

Published Date : Feb 2024

Nonwoven materials are engineered fabrics that are made by bonding or interlocking fibers using a mechanical, thermal, or chemical process. These differ from woven fabrics which are produced by weaving together yarns or threads. Nonwoven materials find wide applicatio... View more

Coherent Market Insights Global Nano Calcium Carbonate Market

Published Date : Feb 2024

Nano calcium carbonate is an advanced form of precipitated calcium carbonate (PCC) which is produced through controlled carbonation reaction at the nano scale. Nano-sized calcium carbonate particles provide unique properties as compared to regular calcium carbonate su... View more

Coherent Market Insights Dark Fiber Market

Published Date : Feb 2024

The Dark Fiber Market is estimated to be valued at USD 7.17 Bn in 2024, growing at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031. Dark fiber refers to unused or extra fiber-optic cable conduits and network infrast... View more

Coherent Market Insights Geocells Market

Published Date : Feb 2024

Geocells are honeycomb-like structural cells made of high-density polyester, polypropylene, or other polymers that are used in civil engineering applications. These lightweight, three-dimensional structures are used as foundations for roadways, retaining walls, and sh... View more

Coherent Market Insights Hot Melt Adhesives Market

Published Date : Feb 2024

Global hot melt adhesives market is an important adhesive technology that is seeing rising demand across various end-use industries such as packaging, footwear, automobile, and more. Hot melt adhesives are solid adhesives, when heated to their melting point, become fl... View more

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