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
Composites
Ceramics
Energy materials
Nanomaterials
Conductive polymers
By Geographical Landscape
APAC
North America
Europe
South America
Middle East and Africa
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:
Advanced functional materials market sizing
Advanced functional materials market forecast
Advanced functional materials market industry analysis
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.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ billion)
Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Advanced Functional Materials Market 2018 - 2022
Historic Market Size - Data Table on Global Advanced Functional Materials Market 2018 - 2022 ($ billion)