Advanced Functional Materials Market - Forecast(2023 - 2028)
Advanced Functional Materials Market Overview
Advanced Functional Materials Market size is experienced with a revenue of $150 billion and expected to grow at a CAGR of 6.4% during 2020-2025. The production of handy and portable devices is gaining momentum in the industry as advanced functional materials are commonly used in the devices to minimize the total power consumption of miniature electronics. The flexible substratum material is still used in the manufacture of miniature electronic instruments. This factor boosts demand for innovative practical goods, and it is predicted that overall industry growth will have a positive impact. However, due to COVID-19 pandemic, the shut down of manufacturing facilities and lower in production due to this cause, as well as, the market recession in developing countries have reduced the growth of electronics and automotive industry, which tends to constrain the growth of the market.
Advanced Functional Materials Market Report Coverage
The report: “Advanced Functional Materials Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Advanced Functional Materials Acid Industry.
By Type: Composites, Ceramics, Energy Materials, Nanomaterials, Conductive Polymers, and Others.
By End Use: Automotive, Medical, Industrial, Aerospace and Defense, Energy and Power, and others.
By Geography: North America, South America, Europe, APAC, and RoW.
- Development in the use of nanotechnology is expected to bring diverse prospects for business growth in the coming years.
- With the growing consumption in electronics and automotive from countries such as China, India and other developing countries, the demand of advanced functional material tends to upsurge.
Advanced Functional Materials Market Segment Analysis - By Type
Nanomaterials segment is dominating and accounting with the highest share in the market. Nanomaterials include nanoparticles, nanofibers, nanotubes, nano clays, and nanowires among others. In the automotive and aviation industries, nanomaterials, especially carbon nanomaterials, are increasingly used due to their thermal conductivity, electrical conductivity, durability, high strength and elasticity, high aspect ratio, field emissions and high absorbent properties. Furthermore, the growing usage of nanomaterials in nanomedicine field of healthcare industry tends to increase the growth of advanced functional materials market.
Advanced Functional Materials Market Segment Analysis - By End Use
Electronics & electrical industry is one of the main advanced functional material users. With advanced functional ceramics, conductive polymers and nanomaterials being a significant contributor to this market. In the electronics and electrical industry, advanced practical ceramics exhibit piezoelectric, mechanical, semiconducting, and conducting characteristics that make them viable for use in applications such as mobile phones and computers. In addition. R&D investments in specialized product production using innovative dimensional composites for aerospace and automobiles are expected to open up a new gateway for experienced players in the materials industry. Growing the use of innovative functional composites assembled by mixing two or more materials maintains the distinctive properties that market participants are creating.
Advanced Functional Materials Market Segment Analysis - By Geography
Asia-Pacific region was the largest market for advanced functional materials. The largest chunk of consumption in the region was China. China has the largest manufacturing base of electronics in the world and provides tough competition to existing upstream manufacturers such as South Korea, Singapore and Japan. One of the country's leading industries is the Chinese aerospace industry, and the government is investing heavily in the industry to expand domestic manufacturing capacity. In addition, with the consistent growth of China's and other developing countries' electrical and electronics, aerospace and other industries, consumer demand is expected to rise over the projected period.
Advanced Functional Materials Acid Market Drivers
Growing demand in healthcare and medical industries.
The variety of applications of advanced functional materials in the medical and healthcare sectors has been expanded by technical developments in the versatile substrate market. For instance, specialized functional components, such as hip joint reconstruction, bone fixing plates, bone grafts, and bone cement, are commonly used in orthopaedic applications. Advanced functional materials often allow integrated systems to be mounted, thus expanding their use in MRI scanners, mammography plates, tables, X-ray couches, C scanners, and surgical target instruments. In addition, in the production of prosthetic and orthotic devices, innovative functional technologies such as composites and nanomaterials are rapidly replacing conventional materials such as wood, rubber, and aluminium. In order to fuel the development of the advanced functional materials industry, technical developments in medical and diagnostic instruments would be a critical consideration.
Advanced Functional Materials Acid Market Challenges
Lack of expansion capacities.
The lack of expansion capability to satisfy consumer demand, combined with technological enhancement, is projected to impede the development of advanced functional content market participants. Also, the manufacturing process in order to produce advanced functional materials is bit expensive, owning to this, only few manufacturers have the capability to deal with production and demand requirements. Due to the availability of few manufacturers, the cost of advanced functional materials tends to be high, which also becomes the major factor that constraints the growth of the market.
Advanced Functional Materials Acid Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Advanced Functional Materials Acid market. In 2019, the market of Advanced Functional Materials Acid has been consolidated by the top five players accounting for xx% of the share. Advanced Functional Materials Acid Market top companies are Morgan Advanced Materials plc, KYOCERA Corporation, Hexcel Corporation, Nanophase Technologies Corporation, KURARAY CO., LTD, Murata Manufacturing Co., Ltd. and Henkel AG & Co. KGaA (OTCMKTS: HENKY), among others.
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1. Advanced Functional Materials Market- Market Overview
1.1 Definitions and Scope
2. Advanced Functional Materials Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Type
2.3 Key Trends by End-Use
2.4 Key Trends by Geography
3. Advanced Functional Materials Market- Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4Patent Analysis- Top Companies
4. Advanced Functional Materials Market- Startup Companies Scenario Premium
4.1 Top startup company Analysis by
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Advanced Functional Materials Market– Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. Advanced Functional Materials Market- Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Advanced Functional Materials Market-Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors Analysis
8. Advanced Functional Materials Market– By Type (Market Size -$Million)
8.1.1 Metal Matrix Composites
8.1.2 Fibre Reinforced Plastics
8.3 Energy Materials
8.5 Conductive Polymers
9. Advanced Functional Materials Market– By End Use (Market Size -$Million)
9.4 Aerospace and Defense
9.5 Energy and Power
10. Advanced Functional Materials Market- By Geography (Market Size -$Million)
10.1 North America
10.2 South America
10.2.4 Rest of South America
10.3.7 Rest of Europe
10.4 Asia Pacific
10.4.4 South Korea
10.4.6 Rest of APAC
10.5.1 Middle East
11. Advanced Functional Materials Market- Entropy
11.1 New Product Launches
11.2 M&A’s, Collaborations, JVs and Partnerships
12. Market Share Analysis Premium
12.1 Market Share by Country- Top companies
12.2 Market Share by Region- Top companies
12.3 Market Share by type of Product / Product category- Top companies
12.4 Market Share at global level- Top companies
12.5 Best Practices for companies
13. Advanced Functional Materials Market- List of Key Companies by Country Premium
14. Advanced Functional Materials Market- Company Analysis
14.1 Market Share, Company Revenue, Products, M&A, Developments
14.2 Company 1
14.3 Company 2
14.4 Company 3
14.5 Company 4
14.6 Company 5
14.7 Company 6
14.8 Company 7
14.9 Company 8
14.10 Company 9
14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"