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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.
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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.
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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.
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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:
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| Breakup by Type |
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| Breakup by End use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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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