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 Geocells Market

Published Date : Feb 2024

Geocells are honeycomb-like structural cells made of high-density polyester, polypropylene, or other polymers that are used in civil engineering applications. These lightweight, three-dimensional structures are used as foundations for roadways, retaining walls, and sh... View more

Coherent Market Insights Hot Melt Adhesives Market

Published Date : Feb 2024

Global hot melt adhesives market is an important adhesive technology that is seeing rising demand across various end-use industries such as packaging, footwear, automobile, and more. Hot melt adhesives are solid adhesives, when heated to their melting point, become fl... View more

Coherent Market Insights Electrical Safety Management Market

Published Date : Feb 2024

Keeping equipment in a safe working order starts with ensuring that everyone is qualified to work on it. This includes determining who can and cannot touch live or energized parts. It is also crucial to keep a lockout tagout (LOTO) policy in place so that the equipmen... View more

Coherent Market Insights Shotcrete Market

Published Date : Feb 2024

Shotcrete, also known as sprayed concrete, is a concrete application technique wherein the material is projected at high velocity via spraying equipment onto a surface such as walls, floors, or ceilings to build or repair structures. It is a versatile method used in c... View more

Coherent Market Insights Global Halloysite Market

Published Date : Feb 2024

Halloysite is a clay mineral with hollow tubular structure. It is naturally occurring and has shown potential in various industrial applications like catalyst support, porosity control, flame retardancy, drug delivery, and others. Halloysite finds application in areas... View more

Coherent Market Insights Prescription Bottles Market

Published Date : Feb 2024

Prescription bottles are an essential part of the pharmaceutical industry, as they provide a safe and convenient way to store and dispense medications. These bottles are designed to protect the integrity of the prescribed drugs, while also providing clear labeling for... View more

Coherent Market Insights Calcium Carbonate Market

Published Date : Feb 2024

Calcium carbonate is a chalky white inorganic compound composed of calcium, carbon, and oxygen. It occurs naturally in minerals such as limestone and marble which are widely occurring in nature. Calcium carbonate has wide applications across various end use industries... View more

Coherent Market Insights Air Conditioner Foil Market

Published Date : Feb 2024

Air conditioner foil is a specialized type of aluminum foil that is specifically designed for use in air conditioning systems. It plays a crucial role in maintaining the efficiency and performance of air conditioning units by providing insulation and protection to var... View more

Coherent Market Insights Global Weathering Steel Market

Published Date : Feb 2024

Weathering steel, also known as Corten steel, is a group of steel alloys that are resistant to corrosion and weathering. This unique type of steel was developed in the early 20th century and has gained popularity in various industries for its distinctive properties. W... View more

Coherent Market Insights Law Enforcement And Military Clothing Market

Published Date : Feb 2024

Law enforcement and military personnel work in hazardous conditions and are exposed to various risks on a daily basis. Their uniforms and protective clothing play a vital role in ensuring their safety. Advanced fabric technologies that provide durability, moisture wic... View more

Coherent Market Insights Global Mesoporous Silica Market

Published Date : Feb 2024

Mesoporous silica has emerged as promising materials for several applications due  to its uniform pore structure and large surface area. It finds wide usage in fields such as drug delivery, molecular separation, catalysis and energy storage. Mesoporous silica pos... View more

Coherent Market Insights Self Contained Breathing Apparatus Market

Published Date : Feb 2024

Self-contained breathing apparatus (SCBA) is a system that provides clean breathing air to a user in hazardous or toxic environments. The SCBA system consists of a pressure regulator, an air cylinder, and a face mask or breathing mask. It isolates the user from contam... View more

Coherent Market Insights Global Esterquats Market

Published Date : Feb 2024

Global esterquats market has been witnessing significant growth in the recent years. Esterquats, also known as alkyl quaternary ammonium salts, are organic salts widely used as textile softeners in fabric care products. These act as fabric conditioners and reduce stat... View more

Coherent Market Insights Foam Glass Market

Published Date : Jan 2024

Foam glass is a versatile and sustainable material that has gained significant popularity in various industries. It is a type of insulating material made from post-consumer glass waste that is heated and transformed into a foam-like structure. This lightweight, durabl... View more

Coherent Market Insights Butylated Hydroxytoluene Market

Published Date : Jan 2024

Butylated hydroxytoluene which is commonly known as BHT, is a synthetic organic compound that is chiefly used as an antioxidant in food, food packaging, petroleum products and rubber manufacturing. BHT acts as a preservative by helping to prevent the oxidation of fats... View more

Coherent Market Insights Silver Nanowires Market

Published Date : Jan 2024

Silver nanowires are a type of nanomaterial that is known for its excellent electrical conductivity, high aspect ratio, and flexibility. These nanowires are widely used in various applications such as touchscreens, organic photovoltaics, smart windows, and flexible di... View more

Coherent Market Insights Hemp Fiber Market

Published Date : Jan 2024

Hemp fiber, derived from the hemp plant (Cannabis sativa), has gained significant attention in recent years due to its versatility and potential applications across various industries. Hemp fiber is known for its strength, durability, and eco-friendly properties, maki... View more

Coherent Market Insights Medical Engineered Materials Market

Published Date : Dec 2023

Medical engineered materials play a crucial role in the healthcare industry, and provides innovative solutions for a wide range of applications. These materials are specifically designed to meet the unique requirements of medical devices, implants, and equipment. Thes... View more

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