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 Automotive Interior Materials Market

Published Date : Feb 2023

Automotive interior materials aim at offering comfort to the driver and enhancing the aesthetic appeal of the vehicle. Material of superior quality minimize engine vibrations and act as an effective cabin insulators, thereby enhancing riding experience. The growing co... View more

Coherent Market Insights Bioceramics Market

Published Date : Feb 2023

Bioceramics are a class of biomaterials that is used in dental and orthopedic implants. They are a porous material with a chemical bond to the bone. This material can be shaped, compacted, and reshaped, depending on the purpose of the product. The materials have prope... View more

Coherent Market Insights Bioactive Materials Market

Published Date : Feb 2023

Bioactive materials have many different uses, including tissue engineering, regenerative medicine, diagnostics, and wound repair. They can also have applications in cancer therapy and gene therapy. However, they also have limitations. For instance, they may be ineffec... View more

Coherent Market Insights Low Melting Fiber Market

Published Date : Feb 2023

Low melting fiber is referred as a bi-component fiber which has strong bonding properties. The low melting fiber is used in the spinning of durable yarns. Moreover, this fiber is used as excellent insulating material in automotive and construction industry, due to its... View more

Coherent Market Insights Single Core Copper Wire Market

Published Date : Feb 2023

A single copper electrical conductor is known as copper wire. Copper wires are mainly used in electrical wiring. Single core means that there is a single piece of metal wire, typically copper or alum... View more

Coherent Market Insights Cling Films Market

Published Date : Feb 2023

Cling Films are a type of plastic film that is commonly used to protect foods. These films have high impact strength and are resistant to wear and tear. In the food packaging industry, cling film is mainly used to protect and maintain the quality of packaged foods. It... View more

Coherent Market Insights High Purity Alumina Market

Published Date : Jan 2023

Aluminum oxide or alumina, commonly known as AL2O3, is the primary raw material used for the manufacturing of metallic aluminum. Moreover, 90% of alumina used in aluminum metal production, as Smelter Grade Alumina (SGA), and remaining 10% is... View more

Coherent Market Insights Specialty And High Performance Film Market

Published Date : Jan 2023

Polymer films with transparent or opaque are known as global specialty and high-performance films. The basic raw materials for the production of global specialty and high-performance films include polyesters, fluoropolymers, and polycarbonates. High chemical resistanc... View more

Coherent Market Insights Sandwich Panels Market

Published Date : Jan 2023

Sandwich panels are an inexpensive insulator that are used in a variety of building types. They offer a number of advantages, including high strength and flexibility, low maintenance costs, and a low overall weight. Architects, builders, and engineers can choose from ... View more

Coherent Market Insights Pressure Sensitive Adhesives Market

Published Date : Jan 2023

Pressure-sensitive adhesives are used in a variety of industries that require sealant but cannot be used to seal tighten the spaces where high pressures are applied. These special types of adhesives react to high temperatures and pressure and form a highly secure seal... View more

Coherent Market Insights Uv Adhesives Market

Published Date : Jan 2023

UV Adhesives, also called UV glue, UV Sterilizers, UV Steroid Solvents or UV glue sticks, are vital components of many industries. UV adhesives are adhesives that polymerize or solidify with ultraviolet light, thus curing via radiation. These UV adhesives were origina... View more

Coherent Market Insights Technical Textiles Market

Published Date : Jan 2023

Technical textile is a specialized textile used not only in the automotive and transportation industry, but also in other industries as well. The selection of textile concentrate majorly on aspects such as visual appeal, safety, and comfort. For this reason, technical... View more

Coherent Market Insights Limestone Market

Published Date : Jan 2023

Limestone is a sedimentary rock that is made up of mostly calcium carbonate. It has several varieties. While it is used for various applications, it is primarily a building material. Besides being used for construction, it is also useful in the production of glass, pa... View more

Coherent Market Insights High Temperature Gasket Materials Market

Published Date : Jan 2023

A gasket is utilized for sealing junction between two surfaces in an engine or other devices to prevent leakage. High temperature gaskets are designed using materials such as graphite laminate, ceramic fiber blankets, fluorosilicone, silicone, compressed non-asbestos,... View more

Coherent Market Insights Natural Biomaterials Market

Published Date : Jan 2023

Biomaterials are regarded as non-drug material, which is used for enhancing or replacing and treating any tissue, organ or function in an organism. The definition of biomaterial was reframed as a non-drug substance, which is suitable for inclusions in systems, replaci... View more

Coherent Market Insights Metal Anodizing Market

Published Date : Dec 2022

Aluminum alloys that are subject to marine environments typically benefit from anodizing. Anodizing is also used for abrasion control. Some of the applications of metal anodizing include building & construction, aerospace & defense, automotive, electronic appl... View more

Coherent Market Insights Constrained Layer Damping Market

Published Date : Dec 2022

Constrained Layer Damping (CLD) is a system used for the suppression of vibrations in automotive and marine applications. The rampant growth of the automotive and construction sectors coupled with the rising demand for lightweight vehicles in order to increase the fue... View more

Coherent Market Insights Thermoplastic Starch Market

Published Date : Dec 2022

Thermoplastic starch (TPS) is a polymer made from starch. It is a biodegradable material. Thermoplastic starch can be used in various products. There are several ways to manufacture thermoplastic starch. One way is to melt it. Then, it is dispersed in water. This proc... View more

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