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1 Transparency Market Research ADVANCED MATERIALS MARKET - GLOBAL INDUSTRY ANALYSIS, SIZE, SHARE, GROWTH, TRENDS AND FORECAST Published Date 23-Dec Page Report Buy Now Request Sample Press Release Global Advanced Materials Market: Industrial Progress Offers Lucrative Opportunities : TMR State Tower, 90, State Street, Suite 700. Albany, NY United States sales@transparencymarketresearch.com
2 REPORT DESCRIPTION Advanced Materials Market (Product - Ceramics, Glasses, Polymers, Composites, and Metals & Alloys; Application - Medical Devices, Automotive, Aerospace, Electricals & Electronics, Industrial, and Power) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast states that the degree of competition in the global advanced materials market is relatively insubstantial. However, the global market is on the cusp of a revolution as several players are making big investments in developing state-of-art advanced materials to suit the modern needs of industries across the globe. 3M Advanced Materials held a leading share in the global market in 2015 of about 70%. The company s dominance was a result of its wide product offerings and proprietary technologies it has been using for product development. According to the research report, the global advanced materials market is expected to be worth US$ bn by 2024 as compared to US$42.76 bn in During the forecast years of 2016 and 2024, the global advanced materials market is expected to progress at a CAGR of 10.4%. Request for Sample of This Report: North America Paces Ahead with CAGR of 9.1% during Forecast Period Advanced materials are extensively being used in areas such as medical devices, automotive, electrical and electronics, power, and industrial amongst others. Out of these, the automotive segment is expected to dominate the global market in the coming years. This demand will be due to the increasing requirement for high-strength and lightweight components in the aerospace industry. The analysts state that the aerospace segment will surge at a CAGR of 10.8% during the forecast period in terms of revenue. Geographically, the market is segmented into North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. The report suggests that North America show a remarkable CAGR of 9.1% during the forecast period. However, this regional market is expected to mature in the coming years, giving emerging economies such as Asia Pacific and the Middle East and Africa a chance to flourish in the global market. Need for Improved Aerospace Components Shifts Preference toward Advanced Materials 2
3 The booming development of sectors such as electrical and electronics and aerospace have been the driving factors behind the growth of the global advanced materials market. These materials have been in a great demand in these segments as they deliver better performance, strength, and durability. Improvement in the development and design of these materials has also improved their uptake in the past few years. Over the years, the extensive and exhaustive research and development have rendered these materials with high endurance to handle the amount of fatigue, abrasion, and stiffness. For the same reasons, composite materials are being adopted in manufacturing aerospace structures. Browse Full Market Research Report TOC: The market is also expected to be driven by the growing demand for electrical and electronics, which is slated to be characterized by miniaturization in the coming years. The adoption of ceramics will be significantly high in this segment as well as in medical equipment manufacturing. The automobile industry is also expected to be another leading end user of advanced materials due to the benefits these materials offer in improving the performance of vehicles. The growing prices of fuel and the increasing demand for efficient vehicles are expected to drive manufacturers to make vehicles that will be lighter in weight. Price Difference between Advanced and Conventional Materials to Hinder Market Growth The massive price difference between conventional materials and advanced materials is one of the key restraints in the global advanced materials market. Currently, carbon fiber reinforced polymers are used in industries such as aerospace, wind energy, and sports due to their excellent mechanical and thermal properties at high temperatures. Despite these advantages, the demand for carbon fiber is likely to suffer as its production is seven times more expensive than its conventional counterpart aluminum. The market could also be stifled by the high costs involved in manufacturing advanced ceramics, which demand controlled environment at a high temperature for achieving the desired result. Browse The Press Release For Report: 3
4 TABLE OF CONTENT 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Assumptions and Acronyms Used 2.2. Research Methodology 3. Executive Summary 3.1. Market Snapshot, Indicative (US$ Bn) 3.2. Top Trends 4. Market Overview 4.1. Product Overview 4.2. Market Indicators 5. Market Dynamics 5.1. Drivers and Restraints Snapshot Analysis Drivers Restraints Opportunities 5.2. Global Advanced Materials Market Analysis and Forecast 5.3. Global R&D Expenditure on Advanced Materials 5.4. Use of Simulation and Big Data in Advanced Materials 5.5. Porter s Analysis Threat of Substitutes Bargaining Power of Buyers Bargaining Power of Suppliers Threat of New Entrants Degree of Competition 5.6. Value Chain Analysis 5.7. Advanced Materials Market Outlook 4
5 6. Advanced Materials Market Analysis, by Product 6.1. Key Findings 6.2. Introduction 6.3. Product Comparison Matrix 6.4. Global Advanced Materials Market Value Share Analysis, by Product 6.5. Global Advanced Materials Market Forecast, By Product Ceramics Glasses Polymers Composites Metal & Alloys 6.6. Global Advanced Materials Market Analysis, by Product 6.7. Global Advanced Materials Market Attractiveness Analysis, by Product 7. Advanced Materials Market Analysis, by Application 7.1. Key Findings 7.2. Introduction 7.3. Application Comparison Matrix 7.4. Global Advanced Materials Market Value Share Analysis, by Application 7.5. Global Advanced Materials Market Forecast, by Application Medical devices Automotive Aerospace Electricals & Electronics Industrial Power Others 7.6. Global Advanced Materials Market Analysis, by Application 7.7. Global Advanced Materials Market Attractiveness Analysis, by Application 8. Global Advanced Materials Market Analysis by Region 8.1. Global Market Size Growth Scenario, by Region, Global Advanced Materials Market Value Share Analysis, by Region 5
6 8.3. Global Advanced Materials Market Forecast, by Region North America Latin America Europe Asia Pacific Middle East and Africa 8.4. Global Advanced Materials Market Attractiveness Analysis, by Region 9. North America Advanced Materials Market Analysis 9.1. Key Findings 9.2. North America Advanced Materials Market Overview North America Advanced Materials Market Value Share Analysis, by Product North America Advanced Materials Market Forecast, by Product North America Advanced Materials Market Value Share Analysis, by Application North America Advanced Materials Market Forecast, by Application North America Advanced Materials Market Value Share Analysis, by Country North America Advanced Materials Market Forecast, by Country U.S Canada 9.3. North America Advanced Materials Market Attractiveness Analysis 9.4. North America Advanced Materials Market Trends 10. Latin America Advanced Materials Market Analysis Key Findings Latin America Advanced Materials Market Overview Latin America Advanced Materials Market Value Share Analysis, by Product Latin America Advanced Materials Market Forecast, by Product Latin America Advanced Materials Market Value Share Analysis, by Application Latin America Advanced Materials Market Forecast, by Application Latin America Advanced Materials Market Value Share Analysis, by Country Latin America Advanced Materials Market Forecast, by Country Brazil Mexico 6
7 Rest of Latin America Latin America Advanced Materials Market Attractiveness Analysis Latin America Advanced Materials Market Trends 11. Europe Advanced Materials Market Analysis Key Findings Europe Advanced Materials Market Overview Europe Advanced Materials Market Value Share Analysis, by Product Europe Advanced Materials Market Forecast, by Product Europe Advanced Materials Market Value Share Analysis, by Application Europe Advanced Materials Market Forecast, by Application Europe Advanced Materials Market Value Share Analysis, by Country Europe Advanced Materials Market Forecast, by Country Germany France U.K Spain Italy Rest of Europe Europe Advanced Materials Market Attractiveness Analysis Europe Advanced Materials Market Trends 12. Asia Pacific Advanced Materials Market Analysis Key Findings Asia Pacific Advanced Materials Market Overview Asia Pacific Advanced Materials Market Value Share Analysis, by Product Asia Pacific Advanced Materials Market Forecast, by Product Asia Pacific Advanced Materials Market Value Share Analysis, by Application Asia Pacific Advanced Materials Market Forecast, by Application Asia Pacific Advanced Materials Market Value Share Analysis, by Country Asia Pacific Advanced Materials Market Forecast, by Country China Japan 7
8 India ASEAN Rest of Asia Pacific Asia Pacific Advanced Materials Market Attractiveness Analysis Asia Pacific Advanced Materials Market Trends 13. Middle East and Africa Advanced Materials Market Analysis Key Findings Middle East and Africa Advanced Materials Market Overview Middle East and Africa Advanced Materials Market Value Share Analysis, by Product Middle East and Africa Advanced Materials Market Forecast, by Product Middle East and Africa Advanced Materials Market Value Share Analysis, by Application Middle East and Africa Advanced Materials Market Forecast, by Application Middle East and Africa Advanced Materials Market Value Share Analysis, by Country Middle East and Africa Advanced Materials Market Forecast, by Country GCC South Africa Rest of Middle East and Africa Middle East and Africa Advanced Materials Market Attractiveness Analysis Middle East and Africa Advanced Materials Market Trends 14. Competition Landscape Advanced Materials Market Share Analysis by Company (2015) Company Competition Matrix Company Profiles M Advanced Materials Company Description Business Overview SWOT Analysis Strategic Overview Cerion LLC Company Description Business Overview 8
9 Morgan Advanced Materials plc Company Description Business Overview SWOT Analysis Strategic Overview Materion Corporation Company Description Business Overview SWOT Analysis Strategic Overview TATA Advanced Materials Limited Company Description Business Overview SWOT Analysis Strategic Overview Hanwha Group Company Description Business Overview SWOT Analysis Strategic Overview Huntsman International LLC Company Description Business Overview SWOT Analysis Strategic Overview Hexcel Corporation Company Description Business Overview SWOT Analysis Strategic Overview Thomas Swan & Co. Ltd. 9
10 Company Description Business Overview Recent Developments Strategic Overview GR Advanced Materials Ltd (Rioch) Company Description Business Overview Park Electrochemical Corp Company Description Business Overview SWOT Analysis Strategic Overview The Lubrizol Corporation Company Description Business Overview Advanced Materials and Manufacturing Technologies, LLC Company Description Business Overview About Us is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact 90 State Street 10
11 Suite 700, Albany, NY United States, Tel: USA - Canada Toll Free sales@transparencymarketresearch.com Website: Browse The Market Research Blog: 11
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