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.

View More

Advanced Materials Published Insights

Coherent Market Insights Transparent Plastics Market

Published Date : Apr 2023

Transparent plastics have a wide range of applications in various industries, including packaging, automotive, construction, and electronics. The market size for transparent plastics was valued at US$ 161.2 billion in 2022, and it is expected to reach... View more

Coherent Market Insights Thermosetting Plastics Market

Published Date : Apr 2023

The global thermosetting plastics market size was valued at US$ 127,332.15 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 4.72% from 2023 to 2030. The global thermosetting plastics market is primarily driven by the rise in buildi... View more

Coherent Market Insights Hydroxyapatite Market

Published Date : Apr 2023

The global hydroxyapatite market size was valued at US$ 2,250.19 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 6.52% from 2023 to 2030. The global hydroxyapatite market is projected to witness significant growth, due to increasi... View more

Coherent Market Insights Carbon Prepreg Market

Published Date : Apr 2023

The global carbon prepreg market size was valued at US$ 7,732.3 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 9.21% from 2023 to 2030. Carbon prepreg market is expected to witness significant growth over the forecast period owin... View more

Coherent Market Insights Pvc Stabilizers Market

Published Date : Apr 2023

The global PVC stabilizers market size was valued at US$ 1,397.8 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 5.09% from 2023 to 2030. The market of PVC Stabilizers is estimated to grow at a si... View more

Coherent Market Insights Nanomaterials Market

Published Date : Mar 2023

The global nanomaterials market size was valued at USD 11.0 Bn in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 14.24% from 2023 to 2030. The use of nanomaterials is increasing in several applications acro... View more

Coherent Market Insights Industrial Film Market

Published Date : Mar 2023

The global industrial film market size was valued at USD 37.26 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 5.95% from 2023 to 2030. A wide range of industrial films are used i... View more

Coherent Market Insights India Masking Tape Market

Published Date : Mar 2023

India masking tape market is expected to surpass US$ 340.5 million by the end of 2030 and exhibit a CAGR of 4.59% during the forecast period (2023-2030). Market Drivers ... View more

Coherent Market Insights Electrically Conductive Adhesives Market

Published Date : Mar 2023

The global electrically conductive adhesives market size was valued at USD 2275.55 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 5.61% from 2023 to 2030. ECAs are ideal for a ra... View more

Coherent Market Insights Synthetic Graphite Market

Published Date : Feb 2023

The global synthetic graphite market size was valued at USD 1888.5 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 3.77% from 2023 to 2030. The growth of synthetic graphite market can be attributed to the increasing demand for gra... View more

Coherent Market Insights High Alumina Aggregate Market

Published Date : Feb 2023

The global high alumina aggregate market was valued at US$ 422.6 Mn and is expected to reach US$ 582.2 Mn in 2030 exhibiting a CAGR of 4.09% during the forecast period 2023-2030.Rising need for lightweight body panels and improved load-bearing capabilities of light-du... View more

Coherent Market Insights Mercury Removal Adsorbents Market

Published Date : Feb 2023

The global mercury removal adsorbents market is projected to surpass US$ 2,060.0 Mn by the end of 2030, in terms of revenue, growing at CAGR of 4.36% during the forecast period (2023-2030). Drivers ... View more

Coherent Market Insights Portable Lenses Market

Published Date : Feb 2023

Global portable lenses market is projected to surpass US$ 10.7 Thousand by the end of 2030, in terms of revenue, exhibiting CAGR of 6.43% during the forecast period (2023 to 2030). ... View more

Coherent Market Insights Tempered Coatings Market

Published Date : Feb 2023

The global tempered coatings market was valued at US$ 50.23 Bn in 2022 and is expected to reach US$ 86.95 Bn exhibiting a CAGR of 7.1% during the forecast period 2023-2030. Drivers: ... View more

Coherent Market Insights Indium Gallium Zinc Oxide Market

Published Date : Feb 2023

The global Indium Gallium Zinc Oxide market size was valued at US$ 2.06 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 11.15% from 2023 to 2030. Indium Gallium Zinc Oxide is witnessing increase in demand from the electronics indu... View more

Coherent Market Insights Bioceramics Market

Published Date : Feb 2023

The global bioceramics market size was valued at US$ 4,187.2 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 4.35% from 2023 to 2030. Rising awareness among patients and medical facilities regarding benefits of bioceramics is expe... View more

Coherent Market Insights Bioactive Materials Market

Published Date : Feb 2023

The global bioactive materials market size was valued at US$ 2,015.8 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 14.75% from 2023 to 2030. The increasing adoption of advanced technologies in the medical industry is expected to... View more

Coherent Market Insights Cling Films Market

Published Date : Feb 2023

The global cling films market size was valued at US$ 11,257.6 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 4.97% from 2023 to 2030. The global cling films market is expected to exhibit a promising growth curve over the next few... View more

Coherent Market Insights Single Core Copper Wire Market

Published Date : Feb 2023

The global single core copper wire market was valued at US$ 10,350.7 Mn and is expected to reach US$ 14,593.4 Mn exhibiting a CAGR of 4.4% during the forecast period (2023-2030). Drivers: ... View more

Coherent Market Insights Low Melting Fiber Market

Published Date : Feb 2023

The global low melting fiber market is projected to surpass US$ 3,259.2 Million by the end of 2030, in terms of revenue, exhibiting a CAGR of 5.9% during the forecast period (2023 to 2030). ... View more

© 2023 Coherent Market Insights Pvt Ltd. All Rights Reserved.