PUBLISHER: TechNavio | PRODUCT CODE: 1581723
PUBLISHER: TechNavio | PRODUCT CODE: 1581723
Advanced Functional Materials Market 2024-2028
The advanced functional materials market is forecasted to grow by USD 44.9 bn during 2023-2028, accelerating at a CAGR of 8.52% during the forecast period. The report on the advanced functional materials market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in automotive regulatory requirements, growing demand for fuel-efficient aircraft and locomotive, and technological advances in medical and diagnostic devices.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 7.65% |
CAGR | 8.52% |
Incremental Value | $44.9 bn |
Technavio's advanced functional materials market is segmented as below:
By Type
By Geographical Landscape
This study identifies the increasing need for miniaturization and microelectronics as one of the prime reasons driving the advanced functional materials market growth during the next few years. Also, innovation and focus on use of lightweight materials in new energy vehicles and growing demand from APAC will lead to sizable demand in the market.
The report on the advanced functional materials market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading advanced functional materials market vendors that include 3M Co., AMETEK Inc., Applied Materials Inc., Arkema SA, BASF SE, CeramTec GmbH, Compagnie de Saint Gobain, Covestro AG, CPS Technologies Corp., Deutsche Edelstahlwerke Specialty Steel GmbH and Co. KG, DIC Corp., Dow Inc., DuPont de Nemours Inc., Functional Materials Manufacturing Inc., Hexcel Corp., Momentive Performance Materials Inc., NiKKi Fron Co. Ltd., Schweiter Technologies AG, and Sumitomo Chemical Co. Ltd.. Also, the advanced functional materials market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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