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... View more

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 less

Advanced Materials Published Insights

Coherent Market Insights Biodiesel Catalyst Market

Published Date : Nov 2023

The global biodiesel catalyst market size is estimated to be valued at US$ 231.5 million in 2023 and is expected to reach US$ 325.8 million by 2030, growing at a compound annual growth rate (CAGR) of 5% from 2023 to 2030 The biodiesel catalyst market refers to the market for catalysts used in the p... View more

Coherent Market Insights Biodegradable Foam Market

Published Date : Nov 2023

Global biodegradable foam market is projected to reach US$ 1,822.7 Mn by 2030, from US$ 906.1 Mn in 2023, at a CAGR of 10.5% during the forecast period 2023-2030. Global biodegradable foam market growth is driven by increasing demand for sustainable and eco-friendly products, rising awareness about... View more

Coherent Market Insights Recycled Metal Market

Published Date : Nov 2023

Global recycled metal market is expected to be valued at US$ 54.48 Bn in 2023, and is projected to reach US$ 96.44 Bn by 2030, exhibiting a CAGR of 8.5% from 2023 to 2030. The market growth is attributed to increasing demand for recycled metals from multiple sectors such as construction, packaging,... View more

Coherent Market Insights Stair Stringer Market

Published Date : Nov 2023

Global stair stringer market size is estimated to be valued at US$ 1.7 Bn in 2023, and is estimated to reach US$ 2.47 Bn by 2030, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. The market growth is majorly driven by increasing demand for residential and commercial constru... View more

Coherent Market Insights Carbon Steel Market

Published Date : Nov 2023

Carbon steel is a common type of metal that is used in engineering and construction applications. It has high tensile strength and durability, but is less resistant to corrosion than stainless steel. Carbon steel is comprised of iron alloyed with small amounts of carb... View more

Coherent Market Insights Synthetic Diamond Market

Published Date : Oct 2023

Synthetic diamonds are created using a series of processes that mimic the natural diamond's composition. These methods are referred to as HPHT or High Pressure High Temperature. Natural diamonds are overwhelmingly octahedral, whereas synthetic diamonds are usually cub... View more

Coherent Market Insights Water Soluble Films Market

Published Date : Oct 2023

Water soluble films are widely used for unit dose packaging of detergents, agrochemicals, food ingredients, pharmaceuticals, and water treatment chemicals. These films dissolve in the water within minutes, and leaves no toxic residue in the nature after its dissolutio... View more

Coherent Market Insights Polyimide Films Market

Published Date : Sep 2023

Several high-performance polyimide films have been developed in recent years. These films are extensively used in electrical insulation, microelectronics, and optoelectronic display manufacturing. They are also used in flexible active-matrix organic light-emitting dio... View more

Coherent Market Insights C5 Resins Market

Published Date : Sep 2023

C5 Resins are widely used in a range of industrial and consumer applications, such as hot melt adhesives and sealants. These resins have low softening points and exhibit good bonding properties. They are also compatible with most base polymers and polymer modifiers. T... View more

Coherent Market Insights Zinc Dust Market

Published Date : Sep 2023

Zinc dust is used to manufacture paints and coatings that resist corrosion when applied to structures or surfaces that are prone to harsh environmental conditions. Zinc dust is used in a wide range of applications, such as Zinc rich paints and coatings – Zinc du... View more

Coherent Market Insights Nanofiber Market

Published Date : Sep 2023

The use of nanofibers has become increasingly popular in tissue engineering. there are three main techniques for the synthesis of nanofibers. The most widely studied technique, electrospinning, has shown the most promising tissue engineering results. Nanofibers can be... View more

Coherent Market Insights Medium Density Fibreboard Market

Published Date : Sep 2023

Medium density fiberboard is an engineered wood product that is manufactured by crushing and refining wood chips. It is a superior alternative to plywood, as it doesn't expand or contract when exposed to humid air. This type of engineered wood also has a lower price t... View more

Coherent Market Insights Nanoporous Membranes Market

Published Date : Sep 2023

Nanoporous membranes are a promising solution for water desalination. These membranes are composed of nanoparticles that can efficiently remove cations from wastewater. Inorganic nanoporous membranes have also been developed to filter wastewater. Nanoporous membranes ... View more

Coherent Market Insights Atomic Layer Deposition Market

Published Date : Sep 2023

Atomic layer deposition is used in the production of integrated circuits (ICs), various components and devices such as semiconductor devices and electronic component, and industrial applications.  The growing demand for semiconductor devices in industries like co... View more

Coherent Market Insights Thioglycolic Acid Market

Published Date : Sep 2023

Thioglycolic acid (TGA) also called Mercaptoacetic acid (MAA) is a high-performance chemical containing mercaptan and carboxylic acid functionalities. TGA is completely miscible in water and in general polar organic solvents. TGA is a strong ... View more

Coherent Market Insights Cement Board Market

Published Date : Sep 2023

Cement boards are composed of different types of fibers and naturally occurring materials such as wool, wood fibers, bonded particles, wood strands, and others. Cement boards are majorly used in construction applications due to their longevity in the structures. These... View more

Coherent Market Insights Cryogenic Valves Market

Published Date : Sep 2023

Cryogenic valves are designed to be used in very cold applications. Hence these are mostly found to be useful in companies that work with Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG). They are increasingly used in various end-use industries. Cryogenic ... View more

Coherent Market Insights Water Based Colloidal Graphite Market

Published Date : Aug 2023

Water-based colloidal graphite is a colloidal dispersion of ultra-fine graphite in an aqueous solution. Water based colloidal graphite product produces a smooth, dry coating with an extra-long wear lifespan that adheres well to most substrates. Furthermore, it develop... View more

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