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Advanced Functional Materials Market

Global Advanced Functional Materials Market Size, Forecast: By Type: Advanced Functional Ceramics, Advanced Energy Materials, Conductive Polymers, Nanomaterials, Advanced Functional Composites, Others; By End use: Automotive, Medical, Industrial, Aerospace and Defense, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Advanced Functional Materials Market Outlook

The global advanced functional materials market is expected to grow at a CAGR of about 6.5% in the forecast period of 2024-2032. The market is primarily being aided by the rising demand from the medical sector. The Asia Pacific is the leading region in the industry with the growing demand from developing nations like India and China.

 

Advanced Functional Materials Market

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Market Segmentation

Advanced functional materials help to reduce the total electricity consumption through effective signal and power transmission to all connected components. The thin conductors or interconnects that are used in advanced functional material-based miniature electronics help overcome the signal propagation, and power loss issues of large PCBs, as well as thick, interconnects.

 

Advanced Functional Materials Market By Segments

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Based on its types, the market can be divided into the following:

  • Advanced Functional Ceramics
  • Advanced Energy Materials
  • Conductive Polymers
  • Nanomaterials
  • Advanced Functional Composites
  • Others

The market can be broadly categorised based on its end-use segments into:

  • Automotive
  • Medical
  • Industrial
  • Aerospace and Defence
  • Energy and Power (incl. Chemical Industry)
  • Others

The EMR report looks into the regional advanced functional material markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Market Analysis

The production of lightweight, portable, and versatile substrate technological devices will fuel the demand for advanced functional materials in the coming years. The growing demand for miniaturisation and microelectronics has been identified as one of the critical market trends in the advanced functional materials industry that is expected to boost the industry growth. The highest demand for advanced functional materials are from the medical industry.

The nanomaterial is the dominating type of material in the industry. The use of nanomaterials is continually increasing in the nanomedicine sector of the healthcare industry. Nanomedicine is the application of nanotechnology for diagnosis, tracking, drug delivery, treatment, and control of the biological systems.
 
The lack of market expansion and technical innovation, however, are expected to impede the growth of the industry in the coming years.

 

Advanced Functional Materials Market By Region

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global advanced functional materials market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Morgan Advanced Materials plc
  • KYOCERA Corporation
  • Hexcel Corporation
  • Nanophase Technologies Corporation 
  • KURARAY CO., LTD
  • Murata Manufacturing Co., Ltd. 
  • Henkel AG & Co. KGaA (OTCMKTS: HENKY)
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • End use
  • Region
Breakup by Type
  • Advanced Functional Ceramics
  • Advanced Energy Materials
  • Conductive Polymers
  • Nanomaterials
  • Advanced Functional Composites
  • Others
Breakup by End use
  • Automotive
  • Medical
  • Industrial
  • Aerospace and Defense
  • Energy and Power (incl. Chemical Industry)
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Morgan Advanced Materials plc 
  • KYOCERA Corporation
  • Hexcel Corporation 
  • Nanophase Technologies Corporation
  • Kurray Co. Ltd.
  • Henkel AG and Co. KGaA
  • Murata Manufacturing Co., Ltd.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Advanced Functional Materials Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Advanced Functional Materials Historical Market (2018-2023) 
    8.3    Global Advanced Functional Materials Market Forecast (2024-2032)
    8.4    Global Advanced Functional Materials Market by Type
        8.4.1    Advanced Functional Ceramics
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Advanced Energy Materials
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3     Conductive Polymers
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Nanomaterials
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Advanced Functional Composites
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Others
    8.5    Global Advanced Functional Materials Market by End Use
        8.5.1    Automotive
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Medical
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Industrial
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Aerospace and Defense
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Energy and Power (incl. Chemical Industry)
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    Global Advanced Functional Materials Market by Region       
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032) 
9    North America Advanced Functional Materials Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Advanced  Functional Materials Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Advanced Functional Materials Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.2    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Advanced Functional Materials Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Advanced Functional Materials Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Morgan Advanced Materials plc 
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    KYOCERA Corporation
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Hexcel Corporation 
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Nanophase Technologies Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Kurray Co. Ltd.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Henkel AG and Co. KGaA
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Murata Manufacturing Co., Ltd.
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Others
17    Key Trends and Developments in the Market


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Advanced Functional Materials Market: Key Industry Highlights, 2018 and 2032
2.    Global Advanced Functional Materials Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global Advanced Functional Materials Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    2024-2032
5.    Global Advanced Functional Materials Historical Market: Breakup by End Use (USD Million), 2018-2023
6.    Global Advanced Functional Materials Market Forecast: Breakup by End Use (USD Million), 2024-2032
7.    Global Advanced Functional Materials Historical Market: Breakup by Region (USD Million), 2018-2023
8.    Global Advanced Functional Materials Market Forecast: Breakup by Region (USD Million), 2024-2032
9.    North America Advanced Functional Materials Historical Market: Breakup by Country (USD Million), 2018-2023
10.    North America Advanced Functional Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
11.    Europe Advanced Functional Materials Historical Market: Breakup by Country (USD Million), 2018-2023
12.    Europe Advanced Functional Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
13.    Asia Pacific Advanced Functional Materials Historical Market: Breakup by Country (USD Million), 2018-2023
14.    Asia Pacific Advanced Functional Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
15.    Latin America Advanced Functional Materials Historical Market: Breakup by Country (USD Million), 2018-2023
16.    Latin America Advanced Functional Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
17.    Middle East and Africa Advanced Functional Materials Historical Market: Breakup by Country (USD Million), 2018-2023
18.    Middle East and Africa Advanced Functional Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
19.    Global Advanced Functional Materials Market Structure

Key Questions Answered in the Report

The global advanced functional materials market is projected to grow at a CAGR of 6.5% between 2024 and 2032.

The major drivers of the industry, such as technological innovation, production of lightweight, portable and versatile substrate devices, and the growing product demand in the medical sector, are expected to aid the industry growth.

The key market trend guiding the growth of the market include the growing demand for miniaturisation and microelectronics.

The major regional markets are North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa, with the Asia Pacific accounting for the largest market share.

Nanomaterials is the dominating type of advanced functional materials in the market.

The medical sector is the leading end use sector of the product in the market.

The major players in the industry are Morgan Advanced Materials plc, KYOCERA Corporation, Hexcel Corporation, Nanophase Technologies Corporation, Kurray Co. Ltd., Henkel AG & Co. KGaA, and Murata Manufacturing Co., Ltd, among others.

Analyst Review

The global advanced functional materials market is being driven by the growing production of lightweight, portable, and versatile substrate devices, and the growing medical industry. Aided by the growing popularity of miniaturisation and microelectronics, the market is expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 6.5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the market can be segmented into ceramics, advanced energy materials, conductive polymers, nanomaterials, composites, and others, with nanomaterials leading the market. On the basis of end use, the industry is divided into automotive, medical, industrial, aerospace and defence, and energy and power (incl. chemical industry), among others, with the medical sector accounting for the largest market share. The major regional markets for the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Morgan Advanced Materials plc, KYOCERA Corporation, Hexcel Corporation, Nanophase Technologies Corporation, Kurray Co. Ltd., Henkel AG & Co. KGaA, and Murata Manufacturing Co., Ltd, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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