PUBLISHER: IMARC | PRODUCT CODE: 1451743
PUBLISHER: IMARC | PRODUCT CODE: 1451743
Advanced Functional Materials Market Report by Type, End User, and Region 2024-2032
The global advanced functional materials market size reached US$ 143.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 239.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.67% during 2024-2032. Continual technological developments in the field of nanotechnology, the expansion of information and communications technology (ICT) to enhance global networking, and the escalating demand for corrosion- and bend-resistant vehicles, as well as aircraft components, represent some of the key factors driving the market.
Advanced functional materials are a group of special quality hybrid compounds with unique optical, electronic, or mechanical properties that use materials science to support microfabrication research. They are composed of materials that have superior properties, such as high mechanical strength, resistance to corrosion, flexibility, as well as a high thermal and chemical stability. Along with this, they possess excellent electrical properties, maintain their physical properties, are chemically inert, and stronger than plastics and metals. Advanced functional materials are more suitable for mass production due to their exceptional properties, such as corrosion resistance, melting resistance, bend resistance, and wear and tear resistance. The use of advanced functional materials reduces the carbon footprint of the part in which they are incorporated, uses less energy during manufacturing, and is also less energy-intensive during recycling. Some of the most common advanced functional materials include nanotechnology materials, optics, lasers, sensors, porous materials, liquid crystals, semiconductors, superconductors, light emitting materials, ceramics, and biological materials.
Advanced Functional Materials Market Trends:
The escalating product demand for a wide range of applications of advanced functional materials in numerous end-user industries is one of the key factors driving the growth of the market. This can be attributed to the continual technological development in the field of nanotechnology. Moreover, the rapid utilization of these materials in the manufacturing of high energy density capacitors, super capacitors, smart devices and batteries are also acting as a significant growth-inducing factor for the market. This can be attributed to the expansion of information and communications technology (ICT) to enhance the networking around the world. In addition to this, the growing usage of nanomaterials in the healthcare sector for facilitating diagnosis and drug delivery and the production of implants are providing an impetus to the market. The escalating demand for corrosion-resistant and bend-resistant vehicles as well as aircraft components is resulting in a higher product uptake in the automobile and aerospace industries. Besides this, stringent emission norms imposed by government bodies of several countries for promoting the usage of lightweight materials with low carbon footprint is further creating a positive market outlook. Some of the other factors contributing to the market include rapid urbanization and industrialization, the rising emission levels, an enhanced focus on sustainable development, continual product innovations, and extensive research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global advanced functional materials market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on type and end user.
Type Insights:
Advanced Functional Composites
Advanced Functional Ceramics
Nano-Materials
Advanced Energy Materials
Conductive Polymers
Others
The report has also provided a detailed breakup and analysis of the advanced functional materials market based on the type. This includes advanced functional composites, advanced functional ceramics, nano-materials, advanced energy materials, conductive polymers, and others. According to the report, advanced functional composites represented the largest segment.
End User Insights:
Healthcare
Pharmaceuticals
Energy
Automobile
Electrical and Electronics
Chemical
Aerospace
Manufacturing
Building and Construction
A detailed breakup and analysis of the advanced functional materials market based on the end user has also been provided in the report. This includes healthcare, pharmaceuticals, energy, automobile, electrical and electronics, chemical, aerospace, manufacturing, and building and construction. According to the report, aerospace accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia Pacific was the largest market for advanced functional materials. Some of the factors driving the Asia Pacific advanced functional materials market included the growing usage of nanomaterials in the healthcare sector, the expanding number of manufacturing facilities producing smart devices, rapid urbanization, and industrialization, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global advanced functional materials market. Detailed profiles of all major companies have also been provided. Some of the companies covered include 3M Company, Arkema S.A., CeramTec (CTEC Global S.a r.l.), Covestro AG, DuPont de Nemours Inc., Henkel AG & Co. KGaA, Hexcel Corporation, Kuraray Co. Ltd, Kyocera Corporation, Momentive Inc. (MPM Intermediate Holdings Inc.), Morgan Advanced Materials, Showa Denko K. K., Sumitomo Chemical Co. Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global advanced functional materials market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global advanced functional materials market?
- What are the key regional markets?
- Which countries represent the most attractive advanced functional materials markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the end user?
- What is the competitive structure of the global advanced functional materials market?
- Who are the key players/companies in the global advanced functional materials market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Advanced Functional Materials Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Advanced Functional Composites
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Advanced Functional Ceramics
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Nano-Materials
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Advanced Energy Materials
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Conductive Polymers
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by End User
- 7.1 Healthcare
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Pharmaceuticals
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Energy
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Automobile
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Electrical and Electronics
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Chemical
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Aerospace
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
- 7.8 Manufacturing
- 7.8.1 Market Trends
- 7.8.2 Market Forecast
- 7.9 Building and Construction
- 7.9.1 Market Trends
- 7.9.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 3M Company
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Arkema S.A.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 CeramTec (CTEC Global S.a r.l.)
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Covestro AG
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 DuPont de Nemours Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Henkel AG & Co. KGaA
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 Hexcel Corporation
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Kuraray Co. Ltd
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Kyocera Corporation
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 Momentive Inc. (MPM Intermediate Holdings Inc.)
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 Morgan Advanced Materials
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 Financials
- 13.3.12 Showa Denko K. K.
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.12.3 Financials
- 13.3.12.4 SWOT Analysis
- 13.3.13 Sumitomo Chemical Co. Ltd.
- 13.3.13.1 Company Overview
- 13.3.13.2 Product Portfolio
- 13.3.13.3 Financials
- 13.3.13.4 SWOT Analysis
- 13.3.1 3M Company
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report
List of Figures
- Figure 1: Global: Advanced Functional Materials Market: Major Drivers and Challenges
- Figure 2: Global: Advanced Functional Materials Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Advanced Functional Materials Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Advanced Functional Materials Market: Breakup by Type (in %), 2023
- Figure 5: Global: Advanced Functional Materials Market: Breakup by End User (in %), 2023
- Figure 6: Global: Advanced Functional Materials Market: Breakup by Region (in %), 2023
- Figure 7: Global: Advanced Functional Materials (Advanced Functional Composites) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Advanced Functional Materials (Advanced Functional Composites) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Advanced Functional Materials (Advanced Functional Ceramics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Advanced Functional Materials (Advanced Functional Ceramics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Advanced Functional Materials (Nano-Materials) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Advanced Functional Materials (Nano-Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Advanced Functional Materials (Advanced Energy Materials) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Advanced Functional Materials (Advanced Energy Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Advanced Functional Materials (Conductive Polymers) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Advanced Functional Materials (Conductive Polymers) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Advanced Functional Materials (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Advanced Functional Materials (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Advanced Functional Materials (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Advanced Functional Materials (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Advanced Functional Materials (Pharmaceuticals) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Advanced Functional Materials (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Advanced Functional Materials (Energy) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Advanced Functional Materials (Energy) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Advanced Functional Materials (Automobile) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Advanced Functional Materials (Automobile) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Advanced Functional Materials (Electrical and Electronics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Advanced Functional Materials (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Advanced Functional Materials (Chemical) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Advanced Functional Materials (Chemical) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Advanced Functional Materials (Aerospace) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Advanced Functional Materials (Aerospace) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Global: Advanced Functional Materials (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Global: Advanced Functional Materials (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Global: Advanced Functional Materials (Building and Construction) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Global: Advanced Functional Materials (Building and Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: North America: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: North America: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: United States: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: United States: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Canada: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Canada: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Asia-Pacific: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Asia-Pacific: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: China: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: China: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Japan: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Japan: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: India: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: India: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: South Korea: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: South Korea: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Australia: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Australia: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Indonesia: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Indonesia: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Others: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Others: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Europe: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Europe: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Germany: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Germany: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: France: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: France: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: United Kingdom: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: United Kingdom: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Italy: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Italy: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Spain: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Spain: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Russia: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Russia: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Others: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Others: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Latin America: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Latin America: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Brazil: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Brazil: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Mexico: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Mexico: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 81: Others: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 82: Others: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 83: Middle East and Africa: Advanced Functional Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 84: Middle East and Africa: Advanced Functional Materials Market: Breakup by Country (in %), 2023
- Figure 85: Middle East and Africa: Advanced Functional Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 86: Global: Advanced Functional Materials Industry: Drivers, Restraints, and Opportunities
- Figure 87: Global: Advanced Functional Materials Industry: Value Chain Analysis
- Figure 88: Global: Advanced Functional Materials Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Advanced Functional Materials Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Advanced Functional Materials Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Advanced Functional Materials Market Forecast: Breakup by End User (in Million US$), 2024-2032
- Table 4: Global: Advanced Functional Materials Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Advanced Functional Materials Market: Competitive Structure
- Table 6: Global: Advanced Functional Materials Market: Key Players
