are the new or existing materials with modified properties that provides better and superior performance in one or more characteristics that are critical for the application under consideration. Globally tightening regulations for the aerospace, automotive and construction industries are the prime growth driver of advanced materials. These materials are used in same traditional applications however due to improvised and modified properties results in better performance as compared to traditional materials.
This report identifies the Advanced Materials market
size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to Advanced Materials market.
North America represents the highest market share in the global Advanced Materials by Europe and Asia-Pacific with the second and third highest market shares amongst all the major regions. Increasing safety regulations and environments concerns are major factors forcing aerospace and automotive industry to shift towards lighter and safer materials in order to reduce carbon footprints and follow regulations at the same time without compromising with the safety of the passengers. Asia-Pacific region is expected to be the fastest growing market for the advanced materials due to growing production of the automobiles which are also exported to the European and North American markets where regulation are more stringent than the domestic market.Advanced Materials market is further also segmented based on the type, end-use industries as follows:
Global Advanced Materials Market, By Type
Global Advanced Materials Market, By End-Use Industry
- Ceramic Glass
- Nano Materials
- Resins & Polymers
This report has been further segmented into major regions, which includes detailed analysis of each region such as
- Building & Construction
- Healthcare & Medical
- Aerospace & Defense
- Transportation (Automotive & Marine)
- Oil & Gas and Energy
- North America,
- Asia-Pacific (APAC)
Rest of the World (RoW) covering all the major country level markets in each of the region.This report identifies all the major companies operating in the Advanced Materials market. Some of the major companies’ profiles in detail are as follows:
- 3M Company
- Akzo Nobel Expancel
- Momentive Performance Materials Inc.
- Dow Chemical