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 Structural Steel Market

Published Date : May 2023

Structural steel is one of the most popular and efficient materials used in the construction industry. It offers a number of benefits that other materials cannot match, including its high strength-to-weight ratio and flexibility. It also helps to reduce the cost of a ... View more

Coherent Market Insights Soft Touch Polyurethane Coatings Market

Published Date : May 2023

Soft touch polyurethane coatings are manufactured by using polyurethane dispersions which provide a soft feel coating surface. Soft touch polyurethane coatings help in providing better resistance to scratch, chemicals, and heat. In addition to this, they also provide ... View more

Coherent Market Insights Evaporation Materials Market

Published Date : May 2023

Evaporation materials are used in thin-film deposition. Evaporated materials provide high purity coatings as compared to sputtering targets material. They are available in different processes thermal and e-beam evaporation process. Some of the types of evaporation mat... View more

Coherent Market Insights Electroplating Market

Published Date : May 2023

Electroplating process is the surface engineering, which involves deposition of a metal over the surface of another metal. Electroplating provides numerous benefits such as protection of surface from corrosion and enhancing the aesthetics of the products. Moreover, el... View more

Coherent Market Insights Conductive Carbon Black Market

Published Date : May 2023

Carbon black is the commercial form of carbon which is produced through a highly controlled process of carbon particles and is available in various different sizes, shapes, porosity parameter and surface chemistry. Electrical conductive carbon black finds its use in n... View more

Coherent Market Insights Thermal Interface Materials Market

Published Date : May 2023

Thermal Interface Materials (TIMs) are inserted between heat-generating devices like integrated circuits and heat sinks to enhance the transfer of heat from these devices to the exterior of a closed system. Without TIMs, air trapped between these devices inhibits the ... View more

Coherent Market Insights Thermoformed Plastics Market

Published Date : May 2023

Thermoformed plastics are a form of plastic manufacturing where a sheet of plastic is heated to a pliable forming temperature and then shaped and trimmed into a finished product. There are many thermoforming processes that can be used with a wide range of materials an... View more

Coherent Market Insights Ultra Thin Glass Market

Published Date : May 2023

Ultra-thin glass is a flexible form of glass that is less than 1-2mm thick. This type of glass is a great choice for many applications, including light weight dual skins, retrofitting facades, insulating glass units (IGUs) and more. It is often produced in a process c... View more

Coherent Market Insights Commercial Printing Market

Published Date : Apr 2023

Commercial printing is a broad term that covers the process of producing printed materials on a large scale. This includes items such as business cards, brochures, posters, and more. It can also include services like design and mailing. Printing can be done in several... View more

Coherent Market Insights Uv Tapes Market

Published Date : Apr 2023

The global UV tapes market has witnessed growth in recent years, owing to its rapid growth of semiconductor and electronics industries in emerging economies. Among regions, Asia Pacific is expected to gain substantial growth in forthcoming years due to the presence of... View more

Coherent Market Insights Conformal Coatings Market

Published Date : Apr 2023

As technology evolves and shrinks, circuit boards and electronic components need protective coating to remain safe. These coatings protect devices from environmental elements that can cause early failure. The right conformal coatings provide these protections while ma... View more

Coherent Market Insights Us Secondary Glazing Market

Published Date : Apr 2023

Secondary glazing is an energy-efficient solution that involves the addition of a slim glazed panel to the doors and windows. Its benefits include cost-efficiency due to heat reduction and noise-reduction enhancement, thermal insulation in different weather conditions... View more

Coherent Market Insights Microfiber Synthetic Leather Market

Published Date : Apr 2023

Microfiber synthetic leather is a high-quality synthetic leather that is made from nylon and polyurethane (PU) resins. This synthetic is used in a wide variety of end use industries, including apparel, footwear, and automotive. It is the best eco-friendly alternative ... View more

Coherent Market Insights Low Molecular Antistatic Agents Market

Published Date : Apr 2023

Antistatic agents are a class of chemical compounds that prevent static build-up on the surface of a material, such as plastic resins and packaging. They also prevent dust and other fine particles from accumulating on the surface. This prevents static charge from caus... View more

Coherent Market Insights Transparent Plastics Market

Published Date : Apr 2023

Transparent plastics are a type of plastic that can be used for a wide range of applications. These materials have many benefits including recyclability, light weight, and durability. These properties make them a popular choice for several end user industries such as ... View more

Coherent Market Insights Uv Air Purifier Market

Published Date : Apr 2023

A UV air purifier is a great way to reduce the number of germs and mold that might be present in the home. The UV light in this type of purifier is able to kill many viruses and bacteria that may be floating around in the air and also disinfect surfaces such as carpet... View more

Coherent Market Insights Acrylic Fibers Market

Published Date : Apr 2023

Based on end use industry, global acrylic fibers market is segmented into apparels, home furnishings, industrial, and outdoor. The apparel segment accounted for the largest market share, in terms of the revenue, in 2022, and contributed for 58.2% in 2022. The main app... View more

Coherent Market Insights Thermosetting Plastics Market

Published Date : Apr 2023

Thermoplastics are plastic materials that melt into soft, pliable forms and harden when they cool. They are used in a wide variety of applications, including clothing, cookware, appliances, and laboratory equipment. They are also easy to recycle and can be reused and ... View more

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