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 Optical Coatings Market

Published Date : Jul 2023

Optical coating is deposition of thin layers of films that create interference effects, in order to enhance reflection and transmission properties of an optical system. Optical coatings enhance optical functions and provide protection to optic from harsh environmental... View more

Coherent Market Insights North America Hydraulic Fluid Connectors Market

Published Date : Jul 2023

North America Hydraulic Fluid Connectors market was valued at US$ 5.3 Billion market in 2022 and is estimated to reach a value of US$ 10.22 Billion by 2030 at a CAGR of 8.6% between 2023 and 2030. Hydraulic fluid connectors are too... View more

Coherent Market Insights Battery Materials Market

Published Date : Jul 2023

They help store electricity from renewables – such as wind or solar - in order to use it at a later stage when it is needed most. They are also used to ensure back-up power in critical facilities such as hospitals and telecommunication installations. ... View more

Coherent Market Insights Metalworking Fluids Market

Published Date : Jul 2023

Metalworking fluids are chemical solutions that are used to improve the performance of machining tools during manufacturing operations. They have excellent resistance to chemicals and provide lubrication to various metal parts. They are classified into forming fluids,... View more

Coherent Market Insights Bio Plasticizers Market

Published Date : Jul 2023

Bioplasticizers are polymer additives designed to improve flexibility, softness, processability and volatility. A plasticized material. They are based on renewable raw materials and are made from raw materials of plant origin. Raw materials such as soybean, palm oil, ... View more

Coherent Market Insights Composite Market

Published Date : Jul 2023

A composite material can be defined as a combination of two or more materials that results in better properties than when the individual components are used alone. Market Dynamics: ... View more

Coherent Market Insights Us Lime Market

Published Date : Jul 2023

Lime is an inorganic mineral derived from limestone. Its chemical name is Calcium Hydroxide (CaOH). Lime is used in building and construction materials abundantly as well as used in various industries such as agriculture, water treatment plants, steel manufacturing in... View more

Coherent Market Insights Recycled Construction Aggregates Market

Published Date : Jul 2023

Recycled concrete aggregates (RCAs) are materials obtained from the demolition of old concrete structures such as buildings, bridges, and roads. These materials are then crushed and screened into different sizes suitable for use in various construction applicatio... View more

Coherent Market Insights South Africa Corrosion Protective Coatings And Acid Proof Lining Market

Published Date : Jul 2023

Corrosion protective coatings (CPC) are applied on the surface to protect against the metal corrosion that is caused due to various environmental particles. Corrosion protective coatings prevent exposure to moisture and other particles present in the surrounding by ac... View more

Coherent Market Insights Thermal Insulation Materials Market

Published Date : Jul 2023

Thermal insulation materials are the type of materials, which are used for restricting the flow of heat energy between high temperature region and low temperature region. Thermal insulation materials are widely used across various end-user industries in order to decre... View more

Coherent Market Insights Friction Modifier Additives Market

Published Date : Jul 2023

Friction modifier additives are used in engine oil for reducing friction and enhance the fuel-efficiency. Moreover, they also prevent the scoring, wear, and noise in the engine. Furthermore, they are also helpful in preventing micro pitting in industrial gear lubrican... View more

Coherent Market Insights Electrical Steel Market

Published Date : Jun 2023

Electrical steel sheets are used in electromagnetic devices such as generators, transformers, and motors. It is also referred to as silicon steel, lamination steel, or transformer steel, and is mainly used in automotive industries and electrical power distribution sys... View more

Coherent Market Insights Gcc And Levant 3d Printing Materials Market

Published Date : Jun 2023

The GCC and Levant 3D printing materials market is majorly driven by rising product demand in the various end-use industries such as electronics and automobile. 3D printing technology is being increasingly adopted by electronics and automobile manufacturing companies ... View more

Coherent Market Insights Energy Saving Window Film Market

Published Date : Jun 2023

The global energy saving window film market is expected to exhibit a CAGR of 8.8% during the forecast period, owing to rising application of these films in construction and automotive industries, among others. Amon... View more

Coherent Market Insights Specialty Silica Market

Published Date : Jun 2023

Specialty silica is a very vital component of materials that are abundantly used in various industries such as paints & coatings, agriculture, cosmetics, rubber, food & beverage, electronics, and others. Owing to its characteristics such as abrasion resistance... View more

Coherent Market Insights Industrial Garnet Market

Published Date : Jun 2023

Garnets belong to the silicate mineral group and are one of the toughest minerals, which makes it ideal for use as an effective abrasive across various manufacturing facilities. Garnet is mainly found across igneous, metamorphic, and sedimentary rocks. Garnet is mostl... View more

Coherent Market Insights Us Plastic To Fuel Market

Published Date : Jun 2023

Fuel derived from plastic provides a cleaner burning fuel as compared to conventional fossil fuels used predominantly, owing to the lower content of sulfur. The majority of the population in emerging economies uses diesel with higher sulfur content. In addition to thi... View more

Coherent Market Insights Aluminum Laminated Film Market

Published Date : Jun 2023

Aluminum laminated film is an aluminum foil or resin film composite material, which offers higher flexibility in molding, better heat dissipation, and it is lightweight compared to metallic cans. This aluminum laminated film is widely used as packaging material for li... View more

Coherent Market Insights India Bullet Resistant Glass Market

Published Date : Jun 2023

Bulletproof glass, also known as ballistic glass, transparent armor, or bullet resistant glass, is an important element of security systems installed at places that are likely to encounter violent assaults, such as premium vehicles, armored cash-in-transit trucks, ban... View more

Coherent Market Insights Cathodic Electrodeposition Coating Market

Published Date : Jun 2023

Electrodeposition coating is the most conventional coating process used in automobile industry. The two types of electrodeposition available include anodic and cathodic. In cathodic electrodeposition coating, the metal part is negatively charged while the paint to be ... View more

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