Advanced Materials Market By Product Type (Structural Material, Functional Material, Emerging Material); By End User (Building & Construction, Automotive, Aerospace, Defense, Marine, Electrical & Electronics, Healthcare, Oil & Gas and Energy, Others; By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032

Advanced Materials Market Overview

The global advanced materials market size was valued at around USD 62.2 billion in 2022 and is projected to grow at a compound annual rate of growth (CAGR) of around 6.1% from 2022 to 2032.The market size is projected to succeed in USD 113.3 billion by 2032.

The market is driven by the rapid industrialization across the globe. Apart from this, widespread use of advanced materials in various industries such as manufacturing & construction, aerospace, consumer electronics, automotive and others is believed to be a prime factor supplementing the growth of global advanced materials market. Further, healthy growth of end use industries is expected to fuel the growth of advanced materials market during the forecast period i.e. 2022-2032.

Continuous government investment in infrastructure development in emerging countries displays significant potential for market growth. Addition to that, rapid urbanization in developing Asia countries such as China, India and others will drive the demand for advanced building materials. Apart from this, technological advancement and growing use of advanced nano-materials in various electrical and electronics industries is poised to grow global advanced materials market. Few of other noteworthy trends shaping the growth of global advanced materials include rise of smart cities and creation of opportunities in public infrastructure.

The market is segmented by product type into structural material, functional material and emerging materials. Out of these, structural material accounted for the major share of the global advanced materials market. Further, emerging material is anticipated to witness highest growth rate during the forecast period. In end user segment, building and construction segment captured 28.5% of overall market in 2019.

Advanced Materials Market Segmentation

The research offers a comprehensive analysis of advanced materials market with respect to following sub-markets:

By Product Type

- Structural Material
- - - Steel
- - - Light Alloys
- - - Advanced Composite Material
- - - Particulate Material
- - - Ultra-high Temperature Material
- Functional Material
- - - Electronic Material
- - - Energy Material
- - - Optoelectronic Material
- - - Smart Material
- - - Earth Abundant Element Based Functional Material
- Emerging Material
- - - Nanomaterial
- - - Biomaterial
- - - Polymeric & Soft Material
- - - Bio Inspired and Patterned Functional Materials

By End User

- Building & Construction
- Automotive
- Aerospace
- Defense
- Marine
- Electrical & Electronics
- Healthcare
- Oil & Gas and Energy
- Others

By Geography

- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Advanced Materials Market Competitive Landscape

The report profiles various major market players such as;

- 3M Company
- DowDuPont Inc.
- Hexcel Corporation
- Hanwha Advanced Materials
- Perpetuus Advanced Materials
- Thomas Swan & Co. Ltd
- Huntsman Corporation
- Morgan Advanced Materials
- TATA Advanced Materials Limited
- Wolverine Advanced Materials
- Other Major & Niche Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.

The study also provides company’s positioning and market share in advanced materials market.

Timeline Considered for Analysis: 

- 2021: Base Year

- 2022: Estimated Year

- 2022 to 2032: Forecasted Year

Research Scope and Deliverables

Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis

Market Segmentation Analysis:

Industry report analyzes the global advanced materials market by the following segments;

- Product Type
- End User

Geographic Market Analysis:

The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.

Customization: We also offers customization’s in the industry report as per the company’s specific needs.

Key Questions Answered in the Global Advanced Material Industry Report;

- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2022-2032?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?


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  • Publication date: 11th January 2024
  • Base year: 2022
  • Forecast year: 2023-2033
  • Format: PDF, PPT,Word,Excel

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